Jun
 12
 2017



Christoph

Hello,

Happy Monday and welcome to a new week – and a new edition of The Spin. Today Christopher Blomquist explores Farfetch's probable financial future, fashionable goings-on in London and Los Angeles and a new and noteworthy "virtual fashion museum" that Google has just launched. Enjoy the read and feel free to share!



brands

Farfetch seeking IPO? Sky News reported on Saturday that luxury online platform Farfetch is taking further steps toward an initial public offering that would list the company on the stock market in New York or London within 18 months and value it at up to $5 billion (£3.9 billion). It is reportedly about to hire bankers to get the deal rolling but has not confirmed or denied the rumors. U.K.-based Farfetch was launched in 2008 and brought on Natalie Massenet, the founder of Net-a-Porter, as non-executive co-chair in February – a move that was widely regarded as an augury of a forthcoming IPO.





markets

London running, Florence calling. London Fashion Week Men's marked its fifth anniversary (paywall) on Thursday and opened the globe's seasonal showing of menswear. Running five days, the event, which encompasses a slew of shows and presentations by British and international designers and brands, will conclude this evening with an event by Ben Sherman and a closing party sponsored by ASOS. The menswear contingent will then move to Florence to attend the Pitti Uomo trade show which starts on Tuesday.



Made LA returns... Another event created to get consumers more involved with the spectacle of fashion shows, Made LA , which is produced by WME/IMG returned to Los Angeles for the second time and included shows by Jeremy Scott of Moschino , who showed the label's 2018 women's resort collection and spring 2018's men's, and Opening Ceremony, which showed in LA for the first time to mark the tenth anniversary of its store opening there. Made LA was open to consumers willing to buy tickets to it and in addition to fashion shows included musical performances and "The Stores," a see now/buy now bazaar featuring 30 designers and artists.



... and the California Market Center is sold. In other fashion news coming out of La La Land, it was announced late last week that landlord company Brookfield acquired a majority stake in the California Market Center , the largest fashion wholesale complex in LA, for nearly $440 million from current owner Jamison. Brookfield intends to renovate the 1.8 million-sq-foot building, which is currently only about half leased, and make it more of a mixed-use facility that doesn't just house fashion companies.





tech

Google celebrates fashion history. Officially launched on Thursday, "We Wear Culture" is a new project by Google's Arts & Culture arm created in cooperation with more than 180 international museums, fashion schools and other cultural organizations that covers 3,000 years of fashion history in a searchable archive that features 30,000 pieces and 450 virtual exhibitions by top curators.





retail

Ikea taps Abloh for collab. Virgil Abloh, the designer behind the streetwear brand Off-White, is now working with furniture giant Ikea to create a new line of furniture for millennials and possibly redesign the store's famous blue bags, which were reimagined recently by Balenciaga in models that cost $2,145.



Cutthroat retail Down Under. Australian department store David Jones is continuing to nab brands from its competitor Myer and announced it will stock UK lace-dress brand Self Portrait in 11 stores starting this month. It is the fourth brand David Jones has swiped from Myer this year – with the other three being Aje, Karen Walker and by johnny.





last

Jessica Chastain marries Moncler exec. Move over Salma Hayek, you're not the only famous actress who is wed to a fashion bigwig anymore. Movie star Jessica Chastain married her longtime boyfriend Gian Luca Passi de Preposulo in Italy over the weekend. The groom, who is Italian nobility, is the former public relations director for Giorgio Armani and currently works at Italian brand Moncler where he oversees celebrities and events.







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