Jul
 15
 2019



Christopher

Hello,

Welcome to a new week and a new edition of The Spin. Storied luxury store Barneys New York might be declaring bankruptcy soon if it doesn't find another solution to its woes and Amazon is set to break sales records during this year's Prime Day event, which starts today. Louis Vuitton has set up a temporary and very verdant store in New York and Chanel has shown that it takes the topics of diversity and inclusion very seriously. Enjoy the read and have a marvelous Monday. Best, Christopher



retail

Bankrupt Barneys? High-end and struggling retailer department store Barneys New York is exploring its business options, including potentially declaring bankruptcy in the coming weeks. Sources say it has hired a law firm to potentially prepare the filing but that nothing has been decided yet and that it is also looking into alternative solutions including a sale of the company or additional financing. In addition to facing a changing retail scene, the store was hit a rent increase at its Madison Avenue flagship in January from $16 million to $30 million thereby squashing the site's potential profitability.



Primed for Prime Day. Amazon's annual Prime Day sales event – which is now actually two days – starts/started today at 3:00 am Eastern Time and will run through Tuesday. The online giant already offered numerous early access deals over the weekend. The event could generate as much as $5 billion in spending and competitors are said to be fighting back with with expertly targeted e-mail campaigns.



Menswear makeover. British retail chain John Lewis, which permanently shuttered its more than 150-year-old Knight & Lee store in Southsea this weekend because it would have been too expensive to remodel, is stepping up its menswear game in its other stores. It will launch a new in-house 280-piece men's collection called John Lewis & Partners in September, revamp its six-year-old Kin collection to focus on durability and performance and introduce a men's personal styling service at its Oxford Street flagship.





brands

LV on the LES. Louis Vuitton debuted its latest pop-up store on Friday. Located in NYC's Lower East Side, the shop, which will be open through next Sunday, sells and showcases Virgil Abloh's latest men's collection and features a monochromatic interior and exterior in the trendy and eye-catching shade of acid green. Abloh has requested that visitors use the outside wall as a green screen and many a would be special-effects artist has obliged with creative Instagram posts. And in other LV news, the luxury brand has just released a signature monogrammed volleyball that can be yours for the cool price of US$2,650.





people

Diversity driver. Fiona Pargeter has been named as Chanel's first ever head of diversity and inclusion. She takes on the newly created position after holding a similar one at Swiss Bank UBS for EMEA. Chanel is the latest luxury brand to dedicate new efforts towards diversity and inclusion following Prade's formation of a diversity and inclusion council in February and Gucci's launch of a diversity initiative headed by Dapper Dan in March.



Bye to Beckham. Paolo Riva, who became CEO of Victoria Beckham's eponymous brand in September, already has left the company due to personal reasons. Company chairman Ralph Toledano said he will handle (paywall) the CEO responsibilities until Riva's successor is found. The company also announced that it has promoted product director Marie Leblanc de Reynies to the new role of managing director of brand and product and Pablo Sande to chief financial and legal officer.



Rising stars. The 17th edition of the International Talent Support (ITS) contest took place in Trieste, Italy on Friday night and Chinese menswear designer Daoyuan Ding was the big winner among the 22 finalists from all over the world. He won both the main ITS Award for best collection (including a €15,000 prize and a yearlong mentorship sponsored by Pitti Immagine) and the Tomorrow Entrepreneurial Creativity Award. Numerous other awards were presented and this is the full list (press release and gallery) of all the winners.





last

Finger lickin' fashion. It's a hat AND a holder. Fried chicken chain KFC Russia has just launched a bucket hat that looks like one of its signature red and white cardboard buckets. The item, which was created by agency Wieden + Kennedy Amsterdam together with Russian streetwear brand Mam Cupy, sells for 1,800 rubles (about US$30) on the the latter's website. Photos and a video show that people have the option of using the item as a chapeau and/or as a serving dish, which begs the question: Heads or pails?







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