Jan
 22
 2019



Ulrike

Hello,

Happy Tuesday and welcome back to The Spin! France kicks off the year with a new bill for a controversial tax on large digital companies. Meanwhile, Amazon expands with the introduction of a new in-house beauty line and ramped up ocean freight service. Over in Germany, trade show organizers are working to consolidate Berlin's major fashion fairs at the former Tempelhof airport. Enjoy the read and feel free to share! Best, Ulrike



markets

Giant tax. With a new tax for internet giants with global revenues of more than €750 million per year and/or revenues of €25 million in its own country, France aims to generate about €500 million in 2019. The bill - which affects companies like Amazon, Google, Apple and Facebook, will be submitted to ministers by February and is expected to pass within the first quarter. Other European countries are also looking into the controversial (in German) issue, with Austria (in German) expected to quickly follow suit.


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Course corrections. US online giant Amazon, which just rolled out a robotic tech vest to avoid collisions between its warehouse workers and robots, has quietly ramped up its ocean freight service to facilitate the transport of Chinese goods from The People’s Republic to the US. Due to new regulations like lower acceptable sulfur emissions, ocean freight rates are expected to continue to rise in 2019.





tech

Adidas accelerates. To speed up innovations in digital tech, distribution systems and community building, German sports giant Adidas has launched (paywall; in German) a sports accelerator program. Currently counting 13 selected start-ups, Adidas’ new Platform A is located (press release) at Paris-based start-up accelerator Camp Station F, where more than 1,000 start-ups are currently (press release) working to bring their innovative ideas to market.





brands

Prime Finds. As part of its in-house fashion brand, Find, Amazon just launched an affordable cosmetics collection in the UK. Available exclusively at Amazon Beauty, Find offers bundles of complimentary beauty products for face, eyes, lips and nails - among them a Flash Blue bundle including mascara, an eye pencil and a pencil sharpener for £9.62 and an Absolute Elegance lip bundle with shiny lipstick and lip liner for £5.44.



The Great Escape. German clothing company Escape Clothing has filed (paywall; in German) for insolvency proceedings in self-administration. The pants specialist behind the Timezone and Orwell brands made the announcement, after its owner, Leo Textil Holding, stopped providing shareholder loans. During the restructuring (in German), CEO Peter Mosebach will be assisted by Munich-based attorneys Christian Stoffler and Axel Bierbach.





people

From Loewe to Lanvin. Bruno Sialelli has been named creative director at Lanvin. He comes from Loewe, where he was menswear design director, and has also worked in womenswear at Balenciaga, Acne and Paco Rabanne. Sialelli replaces Olivier Lapidus, who was let go last spring after just eight months. Lanvin’s long-term menswear designer Lucas Ossendrijver left in November. As reported, Jean-Philippe Hecquet joined (press release) the French fashion house, which was bought by Fosun International in February 2018, as CEO in August.



Pulling out of Pucci. Following the departure of creative director Massimo Giorgetti in 2017, Italian luxury brand Emilio Pucci just saw its CEO, Mauro Grimaldi, leave (in Italian) last week. Grimaldi and Giorgetti simultaneously joined the LVMH-owned brand in 2015. Following Giorgetti’s departure to focus on his own label, MSGM, an internal creative team took on (paywall; in German) the design of Pucci’s collections.





markets

Great expectations. Jörg Wichman, CEO of Berlin-based fashion fair Panorama has started negotiations with the city and senate of Berlin to consolidate several German fashion fairs at Berlin’s former Tempelhof Airport. As reported, attendance at Berlin’s fashion fairs has been growing with an estimated increase of 12 percent at the most recent edition. There are no official figures, but it is estimated (paywall; in German) that nearly 70,000 visitors attended the two main fairs and the many side events.







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