Nov
 20
 2017



Christopher

Hello,

Welcome to a new week and a new edition of The Spin. Today fashion is mourning the loss of one of its great designers, Abercrombie & Fitch and Gap are celebrating financial turnarounds and Koreans are queuing for red-hot Olympics jackets. Have a marvelous Monday and enjoy the read. Best, Christopher



people

Exit the King. French-Tunisian designer Azzedine Alaia, the so-called "King of Cling," died of a heart attack in Paris on Saturday. He began his career working for Dior in 1957 and launched his own label, which became famous for its body-con designs, in 1979. Not one to follow the strictness of the seasonal fashion calendar, he unveiled his looks when they were ready and showed for the first time in six years at Paris Couture Week in July. As he was prone to lie about his age, different reports say he was either 77 or 82.


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brands

Abercrombie ascends. Third quarter results posted by ailing retailer Abercrombie & Fitch on Friday indicated a much-needed turnaround in its financial performance. Net sales were up 5 percent for the period to $859.1 million with comparable sales up 4 percent. The most significant growth came from its Hollister brand. Likewise, Gap Inc beat Wall Street estimates last week and reported total Q3 sales of $3.84 billion, $.08 billion more than was expected.


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Arabian night. The Middle East's top fashion talent was honored at the annual Dubai Design and Fashion Council and Vogue Arabia award ceremony last week. This year's winners (paywall) are Palestine designer Faissal El-Malak for ready-to-wear, Nadine Ghosn, a native of Lebanon, for fine jewelry and Beirut-based jewelry designer Joanna Constantine for accessories. The fifth edition of Arab Fashion Week in Dubai concluded its five-day run yesterday.


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Gotta have it. The Winter 2018 Olympic Games in PyeongChang, South Korea already has a winner: The long padded down-filled puffer coat made for the event. These outerwear items costing 149,000 won ($135) have become cult pieces and quickly sold out after their initial release on October 26. The coat was recently the most searched for item online there and a new shipment caused hundreds of people to form lines outside stores over the weekend. The final 7,000 of the 30,000 produced will be released on Tuesday.



A charge of charges. As a result of last year's demonetization of all 500 and 1,000 rupee notes, debit and credit card payments in India have skyrocketed. A new report by Worldline says that card transactions there rose 86 percent in September 2017 to 378 million from 203 million the year before. The country currently has 33.3 million credit cards and 8.19 million debit cards issued but one expert predicts that they will be replaced by mobile-phone payments by 2021.



Dirty water. A new documentary film that explores how the garment industry has polluted and destroyed rivers across the globe premiered in worldwide cities starting on Saturday and will be released on iTunes on November 27. Called "RiverBlue," the movie looks at rivers in China, India, Bangladesh, Indonesia, Zambia and the US affected by dyes and other released toxins and follows river conservationist Mark Angelo.





last

Anti-Angels. In response to the annual Victoria's Secret Fashion Show taking place this week two sisters in New Jersey staged an Anti-Victoria's Secret Fashion Show featuring 21 women of all shapes and sizes in an effort to promoted body positivity. The event, which can be viewed (video) online, was so successful that they plan to do it again next year and turn their movement into a non-profit organization.







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