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ANZEIGE



 Jun
 05
 2018



Ulrike

Hello,

Happy Tuesday and welcome back to The Spin! After nine years of courtship, Rue La La is buying Gilt Groupe from HBC in what looks like a nicely discounted flash sale. Over in Europe, the region's largest e-tailer, Zalando, is expanding to Ireland and the Czech Republic. And at last nights CFDA Awards, Calvin Klein's Raf Simons and Supreme's James Jebbia were among the distinguished designers. Enjoy the read and feel free to share! Best, Ulrike



retail

Flash sale. Canada's HBC has agreed (paywall) to sell its ailing flash-sale division Gilt Groupe to competitor Rue La La for an undisclosed sum. The unexpected deal raises speculations about more potential sell-offs including that of German department store chain Galeria Kaufhof, which HBC repeatedly refused to sell to Kaufhof’s competitor, Signa Group. HBC is also in the process of divesting Gilt Japan.


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Perfect fit. Rue La La, which has courted Gilt since 2009, will most likely pay a fraction of the $250 million, HBC spent on the Gilt acquisition in late 2015. Rue La La plans to merge with Gilt to form Rue Gilt Group, which will be run from Rue La La's headquarters in Boston. Combined, both flash-sale platforms service a total of 20 million customers and move third-party merchandise worth almost $1 billion per year.



Monki business. This summer, German eCommerce platform Zalando is bringing its services to Ireland and the Czech Republic, expanding the company’s reach to 17 countries. The Berlin-based e-tailer plans to serve the two new markets by its existing warehouses. Zalando also aims to add H&M’s fashionable girls’ brand Monki to its assortment in August.





people

Rumor has it. It looks as if Torsten Poschardt has left (paywall; in German) Ralph Lauren Germany. Since October 2017, he had been VP Sales for Central Europe and Eastern Europe, covering several of the company's brands. But according to industry insiders, recent buying appointments already took place without him. Ralph Lauren and Poschardt have not yet responded to inquiries.



Under the influence. Yesterday, Kim Kardashian West received the newly minted Influencer Award at the CFDA Fashion Awards. With 111 million followers on social media, some say the reality star just cannot be ignored. Others question her personal sense of style and actual influence on fashion, pointing out that the awards were originally created to benefit the designers. According to the CFDA, the new Influencer Award was conceived by Tommy Hilfiger to draw more viewers to the industry event.





brands

Of two minds. Gucci is another name that's currently locked in the field of tension between stylish and tacky. Dressing elegant Hollywood stars and rough rappers, Alessandro Michele's interpretation of the iconic brand is an ironic game with elements that are both stylish and unstylish, real and fake, rich and aspiring.



Unraveling seams. Marc Jacobs seems to have lost his magic touch. The designer, who’s just launched a touchscreen watch, left LVMH in 2014 to focus on his own label for a possible IPO. But instead of delivering knock-out collections, he has made headlines for posting his bare butt on Instagram, claiming to be appalled by social media and worrying LVMH's Bernard Arnault. His latest nomination for Womenswear Designer of Year has puzzled some, but in the end, he did not win this year.



And the fashion Oscar goes to... This year's CFDA Awards mirror the massive changes that are shaping the fashion industry. The Womenswear Designer of the Year Award went to Calvin Klein's Raf Simons, and James Jebbia of hip hop label Supreme was named the Menswear Designer of the Year. The Row’s Mary-Kate and Ashley snagged the Accessories Designer of the Year Award. The full list is available here.







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