Jun
 18
 2018



Ulrike

Hello,

Welcome back to The Spin! Today, we take a closer look at 32-year-old Daniel Lee, who’s going to replace Tomas Maier as Chief Creative at Bottega Veneta. In further power moves there are new leaders at Iconix Brand Group and Schiesser. On the other hand, reports of an appearance of Supreme’s president James Jebbia at Chinese retailer OXN turned out to be fake news. Enjoy the read and feel free to share! Best, Ulrike



people

Great expectations. At 32 years old, Bottega Veneta’s new Creative Director Daniel Lee has an impressive list of achievements under his belt. Most recently, the graduate of Central Staint Martins was Director of Ready-to-Wear at Céline, collaborating directly with Phoebe Philo who had been rumored to be a potential candidate for the position as well. Previously, he also worked for Maison Margiela, Balenciaga and Donna Karan. Announcing his appointment on Instagram shows, where BV aims to go with the brand. Lee succeeds Tomas Maier who abruptly left the brand after 17 years.


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More power moves. Andreas Lindemann has been named (paywall; in German) CEO at Delta Galil’s Swiss lingerie company Schiesser, where he succeeds Rudolph Bündgen who leaves the company at the end of the month. Over in the US, John Haugh has relinquished the position of President and CEO at Iconix Brand Group. Peter Cuneo has been named Interim CEO, effective immediately. The search for a permanent CEO is already underway.





markets

Going to market. For a few years now, several companies have been developing fabrics from food fibers like coconut husks, pineapple leaves, citrus byproducts and banana stems. Circular Systems is one of them. The Los Angeles-based firm, which recently received a $350,000 Global Change Award grant from the H&M Foundation to scale up its operations, has now partnered with H&M and Levi’s to integrate its sustainable fibers into their products.





brands

Keeping control. To finance international expansion, retail development and product extensions, Italian designer brand Missoni has sold a 41.2 percent stake to the government-backed FSI fund, which aims to support international expansion of Italian companies. As majority shareholder, the Missioni family will continue to control the company.



Taking back control. Perry Ellis International is going private in a $437 million acquisition led by the company’s Founder and former Executive Chairman, George Feldenkreis. His son Oscar, currently President and COO, will take over the CEO position, while George Feldenkreis takes on an unspecified management role. According to management, privatizing the company allows for long-term investments in brand and technology including AI plus the expansion into higher margin segments and distribution channels.





retail

Change agents. To survive the massive transformations currently shaping our industry, retailers need both imagination and access to big data. A few companies are pioneering new concepts, among them shirt e-tailer UntuckIt (paywall), experiential womenswear retailer Cuyana and clothing re-seller Threadup - all offering valuable inspiration and insights to traditional retailers.





tech

Car commerce. In partnership with Snapchat and the delivery service SnackNation, in-car vending platform Cargo has started to roll out its box-service at ride sharing services in Los Angeles. Passengers can order products including snacks, cosmetics and electronics by scanning Snapcodes printed on Cargo boxes. According to Cargo, the service yields up $300 in extra income per month and is available to any rideshare driver. On basis of collected data, the selection will be continuously adapted to demand.





last

Supreme disappointment. When Chinese retailer OXN announced a collaboration with US cult brand Supreme, luxury streetwear fans were delighted - for one millisecond. Turns out, the highly publicized appearance of Supreme’s President James Jebbia at the launch event was fake news. OXN had hired an impersonator, and the entire collaboration was just a stunt. As planned, the event did go viral, but sadly it embarrassed many Chinese netizens.







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