Apr
 16
 2018



Caroline

Hello,

Welcome back to a new issue of the Spin. Today, we explore a new twist in the Klepierre-Hammerson saga. French Klepierre is gone but British Hammerson must now confront its own investor APG, worried by the weakness of retail. To fix flagging traffic, retailers have to be creative. For instance, Barneys explores an international opportunity, Express uses its New York store to test high tech tools. Meanwhile H&M unveiled its latest designer collaboration. Enjoy the read and have a great week. Caroline.



markets

Deadly anniversary. Five years after the Rana Plaza factory disaster in Bangladesh, garment workers are safer. On April 24 2013, the collapse of the Rana Plaza building caused the death of 1134 workers. Two hundred apparel companies signed the Accord on Fire and Building Safety in Bangladesh.The result, discussed in a recent symposium at the Ford foundation in New York: on average 60 safety violations per factory have been corrected and 2 million workers have been trained on safety. However, there remains work to be done.



On second thought. French group Klepierre abandonment of its £5 billion offer to buy Hammerson's UK mall owner seemed to liberate Hammerson's own ability for deal making. Now the British property developer could finalize the £3.4 billion takeover of its peer Intu. However, the Dutch pension fund manager APG wants to block the deal. The Dutch investor holds a 7.22% stake in Hammerson and fears (paywall) that falling traffic and fewer retail tenants will cause the quality of the British portfolio to be diluted.





brands

Festival adventure. H&M just unveiled its latest designer cooperation. The Swedish retailer teams up with Italian luxury brand Moschino. The secret was revealed by model Gigi Hadid during a Moschino party at Coachella festival via a public Instagram call to Moschino designer Jeremy Scott. The collection will include womenswear, menswear, an extended range of accessories and hit stores November 8.



Korean adventure. The luxury American department store Barneys is going international. The group signed (paywall) an agreement to sell its private label collection through Boon the Shop (paywall), a well known Korean retailer which had introduced Dries Van Noten and Comme des Garcons to its customers. Advantage for Barneys: test the international appetite for its brand without heavy investment in new stores. If it works, the next market exploration will be China.



Tech adventure. Express is using its store in New York's Madison Avenue as a lab for new technology. Fashion forward young consumers will find at Express phone chargers, digital styling screens and dressing rooms ready for the consumer with the items ordered, before he or she arrives at the store. Other brands follow the Express train. The new Nordstrom store in New York offers rapid returns, digital suit styling and "ready for you" dressing rooms. Spanish Zara even experiments with augmented reality.





people

German heir missing. German businessman Karl Erivan Haub is presumed dead. The heir to the Tengelmann retail empire has been missing since April 7. He was training for an upcoming ski competition in the Swiss Alps and his family thinks that he didn't survive the mountain extreme conditions. Karl Erivan Haub, 58, was the head of a retail conglomerate which owns supermarkets, clothing stores, and housewares stores. The family has been running Tengelmann for 5 generations.



British new boss. Britain's Burberry brand has identified its new chairman, Gerry Murphy, the head of food group Tate and Lyle and chairman of private equity fund Blackstone in Europe. He will join the fashion house on May 17. He replaces John Peace, 69, the chairman of the company for the last 16 years. Mr Murphy, 62, who was the boss at Kingfisher in 2003 has an extensive knowledge of the consumer sector. His appointment completes the overhaul of the leadership team of the British luxury brand.





tech

Ready to walk. Serial entrepreneur, Antonia Saint Dunbar has decided to give high heels a feminist relief. Her company Antonia Saint NY uses an app to fit feet to more accurate sizes. The app creates a 3D image showing the arch of the foot, the sizes of the toes, the width...enough information to manufacture high heels that feel like sneakers. Antonia is not alone in this, start up True Gault is also working on iPhone photos to create custom shoes.



Ready to fasten. Maura Horton's husband had Parkinson disease. He could not reach the buttons of his shirt, so she invented special magnets instead of buttons as fasteners. Her invention sold through MagnaReady.com is part of a growing category called smart adaptive fashion. According to the non profit Open Style Lab , there are a lot of "wearable solutions for people of all abilities" and they are needed. In the US alone, 54 million people suffer from arthritis.







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