Apr
 10
 2018



Ulrike

Hello,

Happy Tuesday and welcome back to The Spin! This week, the buying, selling and new development of brands and product lines continues, often in the name of strengthening core competencies. We also reveal, which retailer is opening a massive men’s store in the heart of Manhattan, and which US president inspired a new line by Abercrombie & Fitch. Enjoy the read and feel free to share! Best, Ulrike



brands

No sports! After announcing the sale of its Puma and Stella McCartney brands, French fashion conglomerate Kering has now put US boardsport brand Volcom up for grabs. Kering (formerly PPR) bought (press release) the Costa Mesa-based label in 2011. The divestiture will allow Kering to focus on its core luxury business with brands such as Gucci, Balenciaga and Saint Laurent. In separate news the company confirms the success of its offer to redeem four bond issues maturing in 2019, 2020, 2021 and 2022.


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From London to Brande. Dutch fashion company Bestseller United is going to buy the Toast lifestyle brand from British fashion chain French Connection UK, which owns 75 percent, and the label's founders Jamie and Jessica Seaton, who hold the remaining stake. Following the announcement, FCUK's shares soared up to 22 percent. Toast was launched in 1997 as a mail-order concept and has since expanded into an online operation, twelve UK stores and a distribution partnership with John Lewis.



Raf's vision. Just in time for the anticipated uptick in the US (press release) and global eyewear markets, Raf Simons has revealed his first full range eyewear collection for Calvin Klein. It includes sun and optical styles for the high end collection, 205w39nyc, which will only be available at exclusive retail partners including Neiman Marcus, Harvey Nichols and Isetan, as well as spectacles under the Calvin Klein and Calvin Klein Jeans brands, which will be offered more widely, including optical stores.





retail

Bucking the trend. This Thursday, luxury retailer Nordstrom will open its first full-line men's store at New York City's Columbus Circle. On 47,000 sq. ft., it offers a selection of brands that have proved popular with the retailer's digital customers from New York - the retailer's largest online market. In addition, the store features (tiered paywall) an interesting mix of high-tech features including a digital returns system and high-touch services such as shoe shining and tailoring.





people

Retail shuffle. The shake-up continues at the top ranks of Hudson's Bay. After 30 years of service, Liz Rodbell, who most recently was President of HBC’s US-based department store chain Lord & Taylor, is stepping down. When she took the position in 2014, she simultaneously served as President of HBS’s Hudson’s Bay chain until a leadership reshuffle in June 2017.



See you in court. A former Naketano co-owner has sued the firm for the return of his past stake in the hip German sportswear label, claiming (in German) that in late 2013 he was tricked into selling his shares for a fraction of their value. According to the lawsuit, which might be behind the abrupt end (paywall; in German) of the brand, he was given out-of-date performance data that did not take into account the label's high sell-through and pre-order numbers.



Too cool for school. 96-year-old fashion personality Iris Apfel, who just came out with a a new book reveals how she got into fashion. Dishing about her childhood years playing with fabric scraps, her time as the owner of an international fabric mill, and the development of her signature high-meets-low style. Flanking the book's release, toy maker Mattel came out with a not-for-sale Iris Apfel Barbie, soon to be followed by a regular Barbie that's been styled by the icon herself.





last

Living the legend. Last year, Abercrombie & Fitch acquired a pair of chinos originally owned by former US president John F. Kennedy (in size 33) at auction. Now, the Ohio-based retailer has followed up with the launch of a small JFK-inspired menswear line, including a renewed version of the style plus nine iconic items from its archives. Additional celebrity customers, who might inspire new A&F "heritage" collections, are Theodore Roosevelt, Hunter Thompson and Ernest Hemingway, who already has a furniture collection in his name. No word on Donald Trump getting in on the action.







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