Mar
 02
 2018



Ulrike

Hello,

Happy Friday and welcome back to The Spin! Before we go into the weekend, here's a quick update on what fashionistas think about Burberry’s new Chief Creative Officer. We also tell you, how large US sports retailers react to the latest high school shooting in Florida. On a lighter note, there are fresh new street looks straight from Paris, where Fashion Week still runs until Tuesday. Enjoy the read - and the weekend. Best, Ulrike



people

Tisci's trench. Riccardo Tisci, former Creative Director at Givenchy and friend of the Kardashian-Wests, has been named Chief Creative Officer at the British heritage label Burberry. On March 12, he takes over from Christopher Bailey, who took his final runway bow on February 17. Some fashion insiders are taking the news with mixed feelings, but Tisci's appointment could actually turn out to be a brilliant move.



Rumor has it. According to US press reports, Nina Ricci's Creative Director Guillaume Henry is going to leave (paywall) the company after today's fall show. He's been with the French fashion house for three years and reportedly refused to continue without guarantees for further investments into the label. Officials at Nina Ricci deny the reports.





brands

Changing hands. Chinese investment firm Fosun continues (paywall) its shopping spree with the purchase of a majority stake in Wolford. The unprofitable brand has been struggling with decreasing demand for its hosiery products, logistical problems and management upheavals. Fosun recently bought French luxury brand Lanvin and Brazilian Guide Investimentos, but lost the bidding war for luxe lingerie label La Perla against Sapinda.



Defending its stripes. German sports giant Adidas has won the latest round in a long lawsuit with Belgian shoe specialist Shoe Branding Europe (SBE) over its trademarked three stripes design. SBE had applied (paywall; in German) for EU trademarks for two parallel stripes on shoes, which Adidas considers too similar to its own design.





retail

Doing something... In many US states, guns are readily available at sports stores. But when Edward Stack, CEO at Dick's Sporting Goods, found out that the chain had sold the suspected Parkland high school shooter a gun, he decided to stop offering assault rifles and upped the age for gun purchases to 21. Supporters praise the move, while investors question the effect on future business.



...about guns. The biggest gun seller in the US, Walmart Stores Inc, will also stop selling guns to anyone under 21. In addition, the company will remove items that resemble assault-style rifles, including toys, from its assortment. Supermarket chain Kroger is following suit as well. Now, sports retailer Bass Pro Shops is the last major US retailer selling semi-automatic weapons.





markets

Capping it off. During Paris Fashion Week, ladies' hats dominated the street scene. Dior hats were all over the place, including - as could be expected - the Dior and Saint Laurent shows. Most popular styles are berets and caps with veils from the Dior Spring 2018 collection, followed by flat-top hats, chapeaux and black straw hats.



Losing their hat. Over in Britain, consumers have dramatically curbed (paywall) the consumption of accessories, including hats, hurting companies like Accessorize and Claire's. According to experts, most Brits are making do with what they already have in their closets. Icy storm Emma currently boosts interest in face-covering balaclavas, and Paris' beret craze might also bring back some excitement to the category.







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