Apr
 02
 2019



Ulrike

Hello,

Happy Tuesday and welcome back to the Spin! In addition to another set of fashion defaults, we reveal how two brands are coping after the death of Karl Lagerfeld. We also tell you, which former airline terminal will host the next Louis Vuitton cruise show, and which Middle Eastern country has allegedly been behind the recent hack of Jeff Bezos’ cell phone. Enjoy the read and feel free to share! Best, Ulrike



brands

Carine's calling. Although the passing of Karl Lagerfeld has left a huge gap at Fendi, CEO Serge Brunschwig is optimistic about keeping the brand’s DNA - and its heritage as a furrier. Over at the late designer's affordable luxury brand, Karl Lagerfeld, Carine Roitfeld has been named style advisor. Effective immediately and set to run for three seasons, the French editor and model is going collaborate with design director Hun Kin.



Pretty red. Following the bankruptcy of House of Fraser, British fashion label Pretty Green has fallen into administration. About 180 jobs are affected. Founded and owned in part by former Oasis frontman Liam Gallagher, Pretty Green was founded in 2009. In addition to its wholesale business, the brand currently runs a dozen physical stores and about 40 concessions, which will continue to operate until further notice.



8Seconds of fame. Following the closure of its 3,300 m2 8Seconds brand store in Shanghai last July, Samsung C&T’s fashion division reported a $22 million loss for 2018, after a $7.3 million profit in 2017. All remaining fashion brands of the Korean company, which specializes in smart apparel, supposedly performed well in China last year.



Taking off! The next Louis Vuitton cruise show will be staged at the wing-shaped TWA Flight Center at New York’s John F. Kennedy International Airport on May 8. The landmarked 1962 building, which was closed amidst TWA’s third and final bankruptcy in 2001, is set to re-open on May 15 as part of the new TWA Hotel.





markets

Lads in lace. Chinese customers shop increasingly gender neutral. While women increasingly look for neutral and masculine fashion items like suits and blazers, men's searches for terms like lace and see-through clothing have surged more than 100 percent - now even overtaking the streetwear category.



Zip it! A simple zipper, which was invented in the US more than a century ago, has landed at the center of a $20 billion global war for market share. The two massive players involved in the stand-off are Japanese zipper maker YKK, which holds a 40 percent share in value but only 20 percent in volume of the global market, and the 35-year-old Chinese company, SBS, which has recently upped its quality and client roster with top names like Adidas and Decathlon.





people

Kors leaves Capri. To focus on his own brand, US designer Michael Kors has stepped down (SEC filing) from the supervisory board of Capri Holdings Limited, effective March 29. In addition to the Michal Kors brand, Capri owns British shoe label Jimmy Choo and Italian design house Versace. Kors will remain (paywall) honorary president and creative director of Michael Kors. Capri Holdings’ supervisory board now has eight members, led by CEO John Idol.





last

Spy stories. Jeff Bezos’ security advisor, Gavin De Becker, alleges that the Saudi Arabian government is behind the recent hack into the Amazon founder’s mobile phone. As reported, personal texts and images to Bezos’ girlfriend, Lauren Sanches, were used by the National Enquirer in an alleged extortion attempt. The tabloid denies all involvement with the Saudis and puts the blame for the leak on Sanches’ brother, Michael Sanchez.







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