Jun
 27
 2017



Ulrike

Hello,

Welcome to a new issue of The Spin! Today we take a closer look at Golden Gate Capital's plans for Eddie Bauer, Oscar winner Daniel Day-Lewis' flirt with haute couture and Prada's pricey paperclips. Enjoy the read and feel free to share! Cheers, Ulrike



retail

Job killers. Bad leadership has destroyed more US retail jobs, than Amazon. Over the years, large retail icons like Sears and JC Penney lost connection to their core customers. These companies started closing stores and laying off employees long before Amazon made its move into the traditional retail sector.



Eddie Bauer ponders sale. Golden Gate Capital is exploring strategic alternatives for outdoor specialist Eddie Bauer, including a sale. The investment firm bought the multi-channel brand at bankruptcy auction in 2009. Since then, Eddie Bauer has racked up massive debt with two $200+ million loans coming up in 2019 and 220. After closing and down-sizing several locations, Eddie Bauer now operates six stores and five Outlets.





markets

Rags-to-riches. Consumer spending has become (paywall) a solid driver of growth across emerging markets, particularly within Asia. Boosted by a rapidly expanding middle-class, a strong infrastructure and growing e-commerce, stocks of consumer discretionary companies in the region have jumped 23% this year.



Conversation domination. In today’s overstimulated fashion and social media world, a designer’s success is increasingly based on his or her ability to create strong statement pieces - styles that are shared, discussed and highly memed over the internet. Gucci’s Alessandro Michele and Demna Gvasalia for Vetements and Balenciaga are currently the masters of the publicity stunt.





brands

Nile acquires Nowadays. The majority owners of Swiss fashion brand Nile, Kevin and Marc Willy, as well as its CEO Richard Maier have bought (in German) a 51% stake in Düsseldorf-based menswear label Nowadays. The investment is supposed to fund Nowadays’ expansion in Germany, Austria and Switzerland.



Ivanka’s called to testify. Ivanka Trump has been summoned to give a deposition in the ongoing lawsuit with Italian shoe label Aquazzura. According to the lawsuit Ivanka Trump’s shoe style Hettie is virtually identical to Aquazzura’s Wild Thing. Trump claims that she was not involved in the design and points to her licensor, Marc Fisher, but a Manhattan judge disagrees.





people

Binge read. The rise, fall and comeback of fashion label American Apparel and its controversial founder Dov Charney is symptomatic for the troubles that currently plague the US retail scene. As Charney launches a new venture, he recaps his complicated history.



From film to fashion. Daniel Day-Lewis, who worked as a cobbler in an Italian shoe factory in the 1990s, might be flirting with the idea of becoming an haute couture dressmaker . According to Hollywood buzz, the Oscar winning actor wants to go out with a bang after his next movie, a top-secret film set in London’s fashion world of the 1950s. For his role as an uncompromising dressmaker he did such intense research that he might stick with the profession.





last

The devil's paperclip. Ever so often, fashion designers like to put their illustrious names on everyday objects. Remember Karl Lagerfeld's $2,850 Karlbox pencil set or Nordstrom's $450 jeans with fake mud stains? The latest item is Prada’s $185 paper clip - and jokesters as well as critics are already blowing up social media.







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