Feb
 20
 2018



Caroline

Hello,

Happy Tuesday and welcome back to a new edition of the Spin. Today, we are still very much interested in the links between classical retail and online business. The French Group Casino is currently negotiating a deal with an Internet shoe platform and Chanel is taking a minority stake in pure player Farfetch. On the other side, an English website recruits its new chairman in the old retail world. Enjoy the read. Cheers, Caroline.



markets

French resistance. French supermarket group, Casino's subsidiary Monoprix is in exclusive talks to acquire online shoe firm Sarenza. The French pure player, present in 30 countries offers 650 shoes and accessories brands online. It generated more than €250 million in sales during the last fiscal year. Jean-Charles Naouri, chairman of Casino group wants to reinforce its online presence to better compete with Amazon. The Seattle giant just announced that it will create 2000 new jobs in France.


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British talk. That was the talk of the week end in England: Sir Philip Green was negotiating the sale of Arcadia to Chinese textile giant Shandong Ruyi. The owner of Topshop, Dorothy Perkins, Burton, Miss Selfridge, Evans...vigorously denied contact with any potential buyer. Nevertheless financiers are still talking (paywall) about a potential deal. For them only a group based in emerging markets could be interested in the weakened empire, struggling to adapt to the retail revolution.



Arab spring. The new Arab Fashion Council is teaming up (paywall) with the British Fashion Council to organize the first fashion week in Riyadh (Saudi Arabia) from March 28 to March 31. The AFC represents 22 countries across the Arab world. It has 2 missions: promote local talent and help international brands that want to enter the market. Trunk shows at luxury retailer Harvey Nichols in Riyadh will open the doors to foreigners. To respect the Arab culture, this first fashion week will be for women only.





people

Tesco's loss. Matt Davies, British boss of Tesco will take up chairman role at N Brown in May when Andrew Higginson retires. Matt Davies is leaving Tesco following the £3.7 billion take over of wholesale food server Booker Group. His new company, online clothing retailer N Brown, owns JD Williams, menswear label Jacamo and Plus size womenswear Simply Be. The Tesco CEO got the job because of his experience in retail and online business.



Polo's win. Michael Rider is leaving (paywall) his Céline ready to wear design director job for Polo Ralph Lauren. He will be the head of Polo-women's business. His mission: elevate the mid-priced brand to create more separate pieces and dresses to work. Michael Rider is a notable catch for Polo Ralph Lauren. He spent 9 years designing at Céline, part of the LVMH family and before that 4 years at Balenciaga. When Phoebe Philo left Céline, he was said (paywall) to be a possible replacement.





tech

Online push. Chanel is teaming up (paywall) with luxury ecommerce platform Farfetch to co-develop digital innovations. The House of Chanel is still not ready to sell online, but Bruno Pavlovsky, Chanel's president of fashion wants to attract millennials in his stores and for that to happen, the boutiques of tomorrow need to adjust to younger customers' expectations. Chanel is taking a minority stake in Farfetch to show its commitment.





brands

Sizing up. Universal Standard, the direct-to consumer plus size brand has just raised $7 million to fund its expansion. Top notch investors in the American brand include actress Gwyneth Paltrow, Net-a-Porter founder Natalie Massenet, and Toms creator Blake Mycoskie. Universal Standard addresses the long neglected double digit sized market, from 10 to 28. The new money will help expand the sizes and build a national showrooms network.





last

Black touch. All speculation by the Commonwealth was fixated on Kate Middleton's dress at the British Academy Film Awards (BAFTA) last Sunday. Would or wouldn't she wear black to signal her Time's-up endorsement? She didn't. The Duchess of Cambridge had on a dark green Jenny Packham A line gown. Nevertheless, she could have been incognito on behalf of the women's rights perspective, after all her ribbon belt and sash were indeed black.







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