Jun
 23
 2017



Ulrike

Hello,

Today, we put the spotlight on additonal boardroom upheaval at Burberry, J. Crew's trouble with some of its lenders and join designer Alexander Wang in his quest to #protectyourwang. Enjoy the read and feel free to share! Cheers, Ulrike



retail

Trademark trouble. Two lenders are suing J. Crew over a trademark transfer, halting the fashion retailer’s planned debt restructuring (paywall). According to the lawsuit, J Crew violated a loan agreement by shifting trademark assets to the unrestricted subsidary J. Crew Cayman, benefitting its private equity owners, TPG Capital and Leonard Green & Partners.



Beauty and the beast. Through its $397 million investment in Farfetch, Chinese online giant JD.com gets instant access to the British luxury online platform's expertise in high-end fashion - and a seat on its board. In turn, Farfetch - and about 700 brands and boutiques on its platform - open the gateway to JD.com’s vast logistics network as well as its more than 236 million Chinese customers. Farfetch launched in China (paywall) in 2014 and appreciates JD.com's strict policy to protect intellectual property.



Rift rivals. Online platform eBay now offers a price match guarantee in the US, covering over 50,000 items from about 900 vendors in eBay’s Deals section. Price comparisons being accepted for similar items from eight large eBay competitors including Amazon.com, Jet.com, Sears.com and Walmart.com, but excluding third party marketplaces to prevent price manipulations like the one that happened to Walmart in 2014.





people

No more Peace. Another blow was served to Burberry yesterday when long-standing chairman, Sir John Peace, announced his intention to leave. The British luxury company’s Senior Independent Director Jeremy Darroch is going to lead the search for a successor. In July, Marco Gobbetti will join as new CEO. He takes over from Christopher Bailey, who stays on as Chief Creative Officer.





brands

Hot drop. The well-proven scarcity principle combined with a certain amount of unpredictability and lots of social media hype make short-term merchandise "drops" almost irresistible. Most of these drops lead to rapid product sell-outs, helped by the fact that they seem to only be available to a select group - even if this group has more than 100 million members. Kim Kardashian’s 101 million Instagram followers, for example, snapped up her entire 330,000 items (paywall) drop of KKW Beauty in less than three hours.



Coco's Seoul. Today, Chanel’s Mademoiselle Privé exhibition opens to the general public. Shown at the D Museum in Seoul, South Korea the app supported, multi-media event precedes the planned opening of a Chanel flagship store in 2018. It is supposed to introduce local audiences to the luxury brand and its multi-talented founder, Gabrielle Bonheur "Coco" Chanel.





tech

Social stylist. Pinterest wants to give Amazon a run for its money. In direct competition with the online giant, the social media platform which positions itself as a visual discovery engine wants to help users put their outfits together by means of advanced image search and artificial intelligence.





last

Protect your Wang. For New York’s upcoming LGBTQ Pride March on June 25 designer Alexander Wang has collaborated with condom company Trojan to remind participants of the importance of using condoms. As part of the #protectyourwang collaboration, the designer has created a tubular float with DJ booth and stripper poles where condoms as well as temporary tattoos and T-shirts will be distributed.







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