Mar
 21
 2019



Ulrike

Hello,

Happy Thursday and welcome back to The Spin! Today, we reveal the CFDA’s nominations for the 2019 Fashion Awards. There are also several updates on recent lawsuits, and new information about which factors spur consumers to actually make in-store purchases. Enjoy the read and feel free to share! Best, Ulrike



brands

Worth winning. One day after naming Tom Ford as its new head, the CFDA has announced the nominations for its 2019 Fashion Awards, which will be held on June 3 at the Brooklyn Museum. Virgil Abloh leads the pack with nominations for both Menswear and Accessory Designer of the Year. Sies Marjan's Sander Lak, who won the Emerging Talent Trova last year, now competes in the Womenswear category, as do Brandon Maxwell and Rosie Assoulin. Also vying for the Womenswear Award are Marc Jacobs and Rodarte’s Kate and Laura Mulleavy, who have been nominated in this category before. Find the entire list here.



Buying - and selling. Swiss fashion and retail company Maus Frères, which owns brands like Lacoste, Gant and Aigle, is in discussions to buy (paywall) Paris-based fashion label The Kooples. Meanwhile, French investment company Eurazeo has sold its 4.8 percent stake in Italian outdoor label Moncler for around $505 million, generating an internal return rate of 43 percent.



Fresh start. US-based Car-Freshner Corporation has settled its lawsuit with French fashion house Balenciaga, which had used the “LittleTrees” shape of its car fresheners for $275 keychains. Terms of the agreement are confidential but might potentially include a retroactive licensing fee, an agreement to not re-introduce the design without a license from Car-Freshner, and possibly a profit sharing clause.





tech

Let's get physical. The accuracy and consistency between online and in-store pricing has turned out to be the most important factor for consumers to actually make purchases at physical stores. When feeling overcharged at a store, 82 percent plan not to shop there again. Other important factors are dynamic pricing to match competitors’ lower prices, and the offer to return online purchases in-store.





retail

Where's the money?! Creditors of Vidrea Retail BV, the operating company of Miller&Monroe's Dutch stores, are requesting (paywall; translated by Google) bankruptcy proceedings for the fashion company. Since several creditors have allegedly not been paid for months, the law firm of Bierens Incasso Advocaten has filed (paywall; in Dutch) an application to open insolvency proceedings on behalf of two suppliers. Last year, the real estate companies Tres Invest and Vastned withdrew a similar request after they got paid.



China calling. Dutch lingerie chain Hunkemöller plans to open about 200 new stores by 2021, expanding (in German) its network from currently 916 locations to over 1,100. About 200 existing stores are scheduled for modernization. Most openings are planned in Germany, Scandinavia and China, where the first of 12 planned stores will launch on June 1. In addition, Hunkemöller has launched (paywall; translated by Google) eCommerce in China with a web-shop and partnerships with Tmall and JD.





people

We are family. C&A Europe's CEO Alain Caparros has resigned (translated by Google) for health reasons. Edward Brenninkmeijer, a member of C&A's owner family and CEO of C&A Brazil, Mexico and China since 2014, will take on the additional responsibility for the European business. Caparros came (press release) to C&A from Rewe supermarkets in 2017, succeeding Philippe Brenninkmeijer as the first non-family CEO.





last

Stage victory. On March 19, the District Court of Dallas County dismissed Marble Ridge Capital’s lawsuit against Neiman Marcus with prejudice, preventing it from being refiled. Since December, Marble Ridge has been alleging that Neiman Marcus fraudulently put its MyTheresa out of the reach of its creditors by transferring the European online retailer under the corporate entity owned by Ares Management and Canada Pension Plan Investment Board. Neiman Marcus’ counter-suit for damages will be heard next Tuesday.







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