Jul
 11
 2017



Ulrike

Hello,

Happy Tuesday and welcome back to The Spin! Today we take a closer look at the cost of the G20 riots for German retailers, introduce Givenchy's new cat lady and check out the official fashion label of Barcelona's street vendors. Enjoy the read and feel free to share! Cheers, Ulrike



retail

Deep dive. Abercrombie & Fitch’s stock fell more than 21% after takeover talks with potential buyers failed. Although the group plans to open a new store prototype in Hong Kong in December, investors seem to doubt its ability to successfully reorganize on its own.


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Costly riots. The violent protests during last weekend's G20 summit cost Hamburg’s retailers millions. The city’s management estimates (in German) the damage to be €18 million plus costs for security and preventive measures. To compensate for lost selling time, retailers have asked Hamburg’s senate for two additional Sunday shopping days in the upcoming Holiday Season.


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brands

Profit or else. German sports giant Adidas has given its ailing US Reebok label an ultimatum (in German). According to CEO Kasper Rorsted, who made to conquering the US his top priority, Reebok has to be profitable again no later than 2021.


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Unhealthy skies... New uniforms by Houston-based apparel manufacturer Twin Hill have been making American Airlines’ flight attendants sick. Following over 3,000 complaints by employees battling skin, respiratory and other symptoms the airline has teamed with Aramark to provide alternative "off-the-shelf" uniforms. It will part with Twin Hill when their contract expires in 2020.



...and elevated styles. Chinese Hainan Airline teamed up with fashion designer Laurence Xu and presented its new uniforms at Paris Haute couture fashion week to rapidly earn a lot of online props for it.





people

Lapidus joins Lanvin. Olivier Lapidus has been named (paywall) Artistic Director at Lanvin, replacing Bouchra Jarrar who left last week after only 16 months on the job. After working many years for his late father Ted Lapidus' company he recently launched a web-based couture house. His first Lanvin collection for Spring 2018 will be shown in September.



Cat lady. Givenchy’s new Artistic Director Clare Waight Keller shares a fondness for cats with the label’s founder, Hubert de Givenchy. Using this as a starting point for her new vision of the Givenchy woman, she developed a first sampling of items for the upcoming men's and women's show in Paris, which also includes custom cat collars…



Not forever. After running German Peter Kaiser Schuhfabrik GmbH as the sole Managing Director for five years, Marcus Ewig will leave (in German) the award winning (in German) Pirmasens-based footwear company on September 30th to pursue new opportunities. A successor has yet to be named.





markets

All in one. With images of over 30,000 items, Google’s new fashion online archive WeWearCulture has the potential to increase the knowledge of fashion aficionados from all walks of life - even its own engineers. Developer Amit Sood, for example, learned about Haute Couture, Coco Chanel’s little black dress and the origins of Dandyism. The project is part of Google’s Arts&Culture project.





last

Blanket statement. A group of Barcelona’s street vendors have ended the trade with designer knock-offs to form their own label, Top Manta, named after the blanket (manta) on which the forgeries are usually placed. Following last week's launch the members of the Union of Street Sellers are now looking for financial backers.







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