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 Jul
 05
 2017



Ulrike

Hello,

Welcome back to The Spin! Today we take a closer look at H&M’s foray into the crowded off-price sector, India's fast growing apparel market and the many reasons why Paris loves Karl Lagerfeld. Enjoy the read and feel free to share. Have a wonderful day, Ulrike



retail

H&M goes off-price. Following three temporary off-price outlets in The Netherlands, the Swedish fast fashion retailer will bring (in German) its new off-price concept to Austria on July 14th. At Parndorf Fashion Outlet near Vienna the new location will offer fashion for the whole family at discounts of up to 70%. In the US, H&M plans a new outlet at the Northtown Mall in Washington state.


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HBC trims German operation. Within two years, German department store chain Galeria Kaufhof which is part of Canadian Hudson’s Bay Company (HBC) will close (in German) two additional stores. A location at Berlin’s Ostbahnhof was recently shuttered and stores in Gera and Frankfurt will cease operation when their leases expire in September 2018 and September 2019 respectively.





markets

Fast growth. As India prepares for the 10th edition of India Couture Week , the country prepares for dramatic growth. By 2025 India's domestic market for apparel and lifestyle products is projected to grow from $85 billion to $160 billion. As part of the upswing, the sector is expected to create an additional 35 million jobs and to grow exports from $39 billion to $300 billion.



Slow progress. The death of ten workers in a boiler explosion at a knitwear plant of Multifabs Ltd near Dhaka raises new questions about workplace safety in Bangladesh. According to experts, implementation of safety programs has been uneven with many retailers failing to improve working conditions. This lethal explosion follows similar incidents in September 2016 and April 2017.





brands

From Paris to Australia. As part of a vast restructuring plan, debt-ridden French apparel company Vivarte has sold the 34-year-old Kookaï fashion chain to its Australian licensee, Magi. Earlier this year, the company divested (paywall) footwear retailer André a to an unnamed buyer. The Chevignon label and fashion chain Naf Naf remain on the block, as Vivarte plans to focus on its La Halle, Besson, Minelli, San Marina, Cosmo Paris and Caroll concepts.



Taking control. The Arnault family's investment holding Semyrhamis SA has increased (in French) its stake in Christian Dior SE, which controls LVMH Moët Hennessy Louis Vuitton, to 94.2%. The move is part of the plan to simplify LVMH’s ownership structure.





people

Kaiser of Paris. After receiving standing ovations for his Chanel Haute Couture show under a replica of the Eiffel Tower at the Grand Palais, Karl Lagerfeld was presented with Paris’ highest honor, the La Médaille Grand Vermeil de la Ville. According to Paris’ Mayor Anne Hidalgo, Lagerfeld makes the City of Light more magic, more creative and more beautiful.



You're fired. British Vogue’s former Fashion Director Lucinda Chambers shares her canny observations of the harsh realities and intricate interdependencies between the many players in today’s fashion industry.





last

Better than barefoot. Offering an airy advantage over sneakers and leather loafers, low-key woven sandals and slides have become the go to styles for hot summer days. A check on Instagram offers an overview of the variety of cool leather, straw and raffia styles.







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