Aug
 30
 2018



Ulrike

Hello,

Welcome back to The Spin! Ignoring political tensions, major American, Chinese and Russian companies are partnering up to fuel their global expansion. PVH’s favorable Q2 results are only clouded by a relatively weak Q3 guidance, and American Eagle pays the price for high investments in its expanding lingerie brand. Enjoy the read and feel free to share! Best, Ulrike



retail

Triumvirate of retail. To expand outside of China, JD.com is banking on the support of two US giants. Google, which recently invested $550 million in the Chinese eCommerce company, is supposed to help it win foreign customers, while Walmart is in line to help JD with its expansion in the US and Southeast Asia. The US retail giant already partnered with JD in China and owns a 5% stake in the company.


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Second time around. Alibaba is said to be in advanced talks with Russian Internet giant Mail.ru Group and the Russian Direct Investment Fund (RDIF) regarding an eCommerce joint-venture that would give Alibaba entry into the Russian market. Last year, Alibaba pursued a similar partnership with Sberbank of Russia, but talks were abandoned (paywall) in December.



Let's get physical! Flipkart’s fashion subsidiary Myntra.com is planning a network of up to 100 physical stores to build a tighter connection with its online customers. Based on cosmetics and beauty products, the concept is said to be closely modeled after LVMH's Sephora. The first outlet is scheduled to open in Bengaluru within the next six months.





brands

Numbers game. Fueled by higher sales at Calvin Klein and Tommy Hilfiger, PVH recorded a 13.2 percent sales increase and a 38 percent rise in Q2 profits, but warns of Q3 volatility. Meanwhile, the expansion of its successful Aerie lingerie label is expected to reduce profits at American Eagle, sending the retailer’s stock down 8 percent on Wednesday.





people

New territory. To ramp up expansion, German fashion brand Tom Tailor has promoted Thomas Bretscher from Country Manager of Germany and Northwestern Europe to the newly created position of Vice President of Global Wholesale. Since growth in the German-speaking markets has slowed down, the Hamburg-based company is now looking (paywall; in German) at Spain as well as Northern Europe and the Middle East.



Thus spoke Federer. After two dozen years with Nike, tennis pro Roger Federer recently left the sports giant for Japanese basics retailer Uniqlo. The 37-year-old explains the $300 million move which will most likely take him beyond his playing years and extend his work beyond sports into what Uniqlo calls LifeWear.



Mourning Pino Rabolini. The creator of the Italian Pomellato brand was one of the first to apply (in Italian) the concept of ready-to-wear to jewelry. Following Pomellato's launch in 1967, he added the Dodo brand in 1995. In 2013, the visionary sold his company to Kering. Rabolini died (paywall) on August 24. He was 82 years old.





last

Walking on water. As part of its effort to create immersive experiences, YSL Beauty is bringing its multi-sensorial Beauty Hotel to Soho during the weekend of New York Fashion Week. On five floors drenched in fuchsia colored light, the French cosmetics brand plans to offer beauty counters, a rooftop pop-up shop, a café and even a pool. Photo ops include a walk on water. September 8-9 at 214 Lafayette Street.







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