Nov
 14
 2017



Christopher

Hello,

Welcome to this Tuesday edition of The Spin. Today there's news that two seemingly opposite retailers are in fact working together, a Fashion Week update from Berlin, two politically-themed stories and the announcement of a #newschool for digital influencers in Milan. Enjoy the read and see you back here tomorrow. Best, Christopher



retail

Cooperation confirmed. Last month's rumors were true: upscale American department store Lord & Taylor will begin selling its merchandise on walmart.com starting in the spring both companies officially announced yesterday. The former, which is owned by Hudson's Bay Company, will have its own standalone store on Walmart's site while continuing to run its e-commerce platform. The symbiosis will give Walmart customers the chance to shop for better products and provide Lord & Taylor, a regional chain in the Northeast, access to a wider client base who may not even currently know of its existence.


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Brookfield's big bid. Brookfield Property Partners, the real estate division of Brookfield Asset Management, has offered to purchase the remaining 66 percent stake it doesn't already own of GGP, a mall owner based in Chicago, for about $14.8 billion. The bid was about 21 percent more than the shares were worth last week and GGP's board is reviewing the unsolicited offer. GGP currently own 126 properties, most of which are "Class A" ones that draw good traffic per square foot.


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markets

Berlin's shrinking fashion week. Mercedes-Benz will stay on (paywall) as the title sponsor of Fashion Week in Berlin but the next edition in January 2018 will be significantly smaller with approximately ten runway shows instead of the more than 30 that have been held in the past. Renamed Mercedes Benz Fashion Week, the event will take place in a new location (in German), E-Werk, a former power plant in Berlin Mitte, from January 16 to 18. The participating designers will be announced later.



Karl's controversy. Karl Lagerfeld retained his reputation for making contentious comments over the weekend when he appeared on a French TV show and said victims of the Holocaust were being affronted by Angela Merckel because she has allowed more than one million Syrian refugees into Germany. The station has since received hundreds of complaints, a French media regulator is investigating the matter and Lagerfeld was both bashed and defended on social media for his words.



Fashion police. Yesterday The Supreme Court of the US agreed to hear an apparel-related case that conservatives argue violates the right to free speech. The case arose in 2010 after a man was turned away from a polling place on Election Day for wearing a Tea Party shirt and a button that said "Please I.D. Me," which violated a Minnesota law that bars political apparel and political literature inside polling locations. A lower court upheld the law; SCOTUS is scheduled to hear the case early next year.





tech

Timely textiles. Designers and high-end brands are increasingly turning to modern-day textiles that employ untraditional natural materials from orange peels to spider silk or recycled plastics and other odd ingredients. The new fabrics are often likely to be produced in scientific labs and include such advancements as test-tube grown leather.





people

Boss' wholesale Boss. German fashion brand Hugo Boss and Head of Wholesale for the important German market Daniel Schmidt are going seperate ways now (in German). It's not the only separation the Metzingen-based fashion house is undergoing these days. CEO Mark Langer announced to switch motorsport sponsorships after 35 years from Formula One to Formula E.



Radhika's new role. Radhika Jones, a former editor at Time, The Paris Review and current editorial director of the books department of The New York Times has been named the new editor in chief of Vanity Fair. She will replace longtime editor Graydon Carter who is leaving at the end of the year. Her appointment was a surprise choice by parent company Condé Nast.





last

Influencer academy. Jones' appointment was not the only big announcement from Condé Nast yesterday. The Italian arm of the publishing giant said it has launched (paywall) a formal educational training program for social influencers called the Social Academy. Created in cooperation with Milan's SDA Bocconi School of Management, the program will certify 100 graduates next year and integrate them into Condé Nast's network of influencers. The course will teach the students the correct way to use social media with a major focus on ethics and content quality.







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