Jul
 14
 2017



Christopher

Hello,

Welcome to the end of another workweek – and another edition of The Spin. Today we bring you news about retail woes in the Southern Hemisphere, Chinese e-comm competition getting down and dirty, and the relaxation of business dress codes in the US everywhere from investment banks to the halls of Congress. TGIF! Best, Christopher



brands

H&M unveils next designer collaboration. Erdem Moralıoğlu is the next international designer to team up with Swedish fashion house H&M. The collection will be launched in stores and online November 2nd. It's the first time British designer Erdem not only creates womenswear but also offers a range for men (video).


Advertisement
ANZEIGE





people

From Diesel to diamonds. Alessandro Bogliolo, who most recently served as CEO of Diesel, has been tapped to be the new chief executive officer at Tiffany & Co . Bogliolo previously spent 16 years at Bulgari and will start in his new role and join the board of the famous jewelry company, which has struggled along with the rest of the jewelry sector of late, in October.


Advertisement
ANZEIGE



Mickey's money. Although he officially left his role as the CEO of J. Crew on Monday, Millard "Mickey" Drexel will actually earn a larger salary (paywall) in his reduced role as chairman. Documents filed with the Securities and Exchange Commission show that he will earn $1.4 billion and that the company will pay Drexler Ventures LLC $1 million on his behalf – which is significantly more than the nearly $840,000 he earned last year. His other perks include a lifetime discount at the store.


Advertisement
ANZEIGE



Kylie's carbon copies. Fashion website Racked has spotted an interesting trend: Several fast fashion brands aimed at young women are using models who look like Kylie Jenner. Some say this is the epitome of irony considering that Jenner recently received flack for allegedly using copyrighted photos of Tupac and other musicians on her T-shirt line without permission.





retail

Decline at David Jones. Like-for-like annual sales fell (paywall) at upmarket Australian retailer David Jones for the first time since it was acquired by parent company Woolworth Holdings for $2.3 billion three years ago. Comparable sales through June 25 dropped 0.7 percent and the decline was blamed on flagging consumer confidence in Australia.





markets

Asian accusations. Rival Chinese e-tailers JD and Alibaba are slinging the mud on social media. On Wednesday JD, the country's second largest e-comm site after Alibaba, and Vipshop, a flash sale site, claimed that Alibaba's Tmall site is trying to monopolize the market by forcing brands into unfair exclusive deals that are actually against the law. Although it wasn't mentioned specifically by name Alibaba fired back that "some e-commerce platforms" were playing the victim and denied the claims.



Outsiders welcome. The next edition of New York Fashion Week in September will welcome the public – or at least those willing to pay. Producer IMG will launch a new program for upscale consumers and corporate clients called NYFW: The Experience. The package will include backstage tours, front row seats, gift bags, one-on-one visits with designers and VIPs and other bait.





tech

Shopify + eBay. Online retail platform Shopify is launching a new sales channel with eBay that will let users sell directly on the latter via their Shopify accounts. The new channel is expected to go live by the fall. Shopify already operates similar channels with partner companies such as Amazon and Pinterest.





last

Cracking the (dress) code. Goldman Sachs, the fifth largest bank in America, has significantly loosened its dress code for employees who are computer and tech engineers. They may now dress casually (paywall) year-round but have been advised to wear business attire if they have a client meeting. Likewise, Paul Ryan, Speaker of the U.S. House of Representatives, announced yesterday that he would work to "modernize" the dress code in that chamber. It has been recently criticized for not allowing women to wear short sleeve dresses or open-toe shoes.



Kick like a Boss. Hugo Boss just announced to equip reigning Bundesliga champion FC Bayern Munich with two exclusively developed outfits. Boss' predecessor has been Armani (in German). Furthermore, Boss just unveiled it's first spring collection under Ingo Wilt's new creative strategy with a stronger focus on casual wear at New York Fashion Week Men's.







logo-small   

is a product
delivered to you by
textilwirtschaft.de | Imprint