Nov
 09
 2017



Christopher

Hello,

Happy Thursday and welcome to today's issue of The Spin. Luxury conglomerate LVMH has implemented major changes in its executive hierarchy, Reebok is adding another famous female name to its collaboration roster, outraged people are getting retailers to be more PC and Madonna is probably already planning her outfit for the Met Gala come May. Enjoy the read – and your day. Best, Christopher



people

Reconfiguring LVMH. LVMH is reorganizing its executive team. Yesterday the luxury conglomerate announced (press release) that Sidney Toledano, who has served as CEO of Christian Dior for nearly 20 years, will leave that position to become chairman and chief executive of LVMH Fashion Group, a branch that oversees eight brands including Givenchy and Pucci. The new Dior CEO will be Pietro Beccaria, who currently heads Fendi. Lastly, Pierre-Yves Roussel, who has headed LVMH Fashion Group for a decade, will now be a special adviser to LVMH chairman Bernard Arnault. The new Fendi CEO will be announced later.


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Bestseller bets on Reismann. Denmark's Bestseller Group has named Jesper Reismann as the new brand director of its womenswear label Vero Moda. A 20-year veteran of German department store Peek & Cloppenburg, Reismann will start his new job of overseeing the entire business of Vero Moda on March 1.


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brands

Amicable separation. India's largest denim manufacturer, Arvind Ltd., a $1.5 billion company that produces its own fashion labels and such big-name licensed brands as Tommy Hilfiger, Gap and Nautica, is demerging and publicly listing its branded apparel and engineering businesses to concentrate on its mainstay, textiles. The changes are expected to take effect in eight to nine months.



Reebok gets Posh. Yesterday athletic giant Reebok announced a forthcoming collaborative partnership with Victoria Beckham, who joins well-known women such as Gigi Hadid and Ariana Grande who are now working with the brand. The Reebok x Victoria Beckham collection of footwear and apparel will be released in late 2018.



Adidas is on a run. German sports giant reports strong financial performance in the third quarter. Currency-neutral revenues increased 12 percent with especially high dynamic in Greater China and North America where sales grew by a quarter (paywall).





markets

Anti Antifa Jacket. Barneys New York has pulled a $375 so-called "Antifa" (anti-fascism) Jacket from its website after it caused an uproar amongst actual Antifa activists on social media. Generally against capitalism, these politically minded people loathed the expensive jacket by Alpha Industries with the word "Revolution" and the anarchy symbol emblazoned on it and accused both companies of turning their movement into a frivolous fashion trend.



Topshop's changing changing rooms. Topshop officially confirmed it now has a gender-neutral changing room policy in response to a trans feminine customer calling out the retailer on Twitter for denying them access to the women's dressing rooms at its Manchester store. The company says the policy was already in place at the time of the incident earlier this month.



Editor Clinton. Hillary Clinton served as guest editor of Teen Vogue's forthcoming December issue, one of its final print editions. The issue will be released December 5 and includes a letter that Clinton writes to her teenage self. "I love seeing articles about the search for the perfect makeup remover next to essays about running for office," Clinton said in a statement announcing the issue.





last

Godly Gala. The theme for the annual spring fashion exhibition at New York's Metropolitan Museum of Art and the accompanying Met Gala will be "Heavenly Bodies: Fashion and the Catholic Imagination," a showcase of designs inspired by Catholic vestments and tradition. Anna Wintour's co-hosts at the party will be Amal Clooney, Rihanna and Donatella Versace. (Apparently Pope Francis was not available....)







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