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ECommerce Coordinator – Pedestrian TV

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Now Hiring an Ecommerce Coordinator | This luxury fashion brand is on a rapid growth trajectory both locally and internationally. This position is a great opportunity for an extraordinary talent to gain experience in e-commerce in a growing environment. Based out of their headquarters in Alexandria, you will be mentored by some of the brightest names in luxury fashion.

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THE ROLE

  • Manage the e-commerce inbox according to luxury brand service standards, including managing customer feedback and proactively analyzing customer behavior through to management feedback.
  • Coordinate the shipment of orders through our retail network and warehouse.
  • Handle customer service requests from all phones and emails (and webchat in 2022)
  • Monitor packaging supplies and report replenishments to management as required.
  • Support the ecommerce manager in achieving weekly and monthly sales goals as well as any specific ecommerce project.
  • Work with internal teams – especially with retail and marketing – and be able to both collaborate and work independently as needed.
  • Manage sales in the point of sale (1-2 days a week)
  • Welcome buyers and marketing / PR contacts in the showroom.
  • Provide occasional assistance to management

Our dream candidate looks something like this:

  • Demonstrated experience in customer service and sales.
  • Familiarity with ecommerce platforms – ideally Shopify.
  • You are a clear communicator, both written and oral.
  • Great attention to detail, exceptional organizational skills and efficiency in juggling a number of tasks simultaneously
  • A positive and energetic attitude combined with good listening skills
  • Being able to think outside the box and go beyond what is sometimes required.
  • Initiative and ability to solve problems and provide effective solutions to daily tasks.
  • You’re not afraid to roll up your sleeves and make it your own, but you also enjoy working collaboratively with others

In return, there is a tight-knit collaborative team who are very engaged and love what they do. This is a successful, dynamic and fast growing luxury brand – with a move to new pending offices and international growth – this is an exceptional opportunity to work with one of the brightest names. of the Australian luxury space.

Global Textile Chemicals Market Report to 2027 – Rising Living Standards Contribute to Market Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Global Textile Chemicals Market by Type, by Application, by Region, Competition, Forecast and Opportunity, 2017-2027” has been added to from ResearchAndMarkets.com offer.

The global textile chemicals market is expected to reach a value of USD 23.94 billion in 2027 growing at a CAGR of 5.85% owing to increasing capacity utilization in the apparel industry.

Since the beginning of the textile industry, efforts have been made to create long-term value in people’s lives. The expansion of the textile chemicals market has been fueled by the increase in consumption across the globe. Textile chemicals are in high demand due to their seamless applications in a wide range of industries. The textile industry is also benefiting from the emergence of modern technologies needed to manufacture textile chemicals.

The home textile industry and the garment industry have witnessed higher demand, which is driving the growth of the textile chemicals market. Governments of various countries are increasing their business potential in the textile chemicals market. With the inclusion of modern low-impact materials and technologies, as well as strategies based on the circular economy, sustainability has remained a significant concern for the global textile chemicals market.

Population growth and increased consumption

A significant factor behind the growth of textile chemicals market consumerism is population and people across the globe seem to be highly dependent on textile chemicals and their end applications. The population, in general, is increasing across the world and will follow the same trend in the years to come. Population and consumption generally go hand in hand. It is therefore plausible that the growing population across the world is contributing to the escalation of the market as the demand increases with the increase in population.

Development of infrastructure facilities in the APAC region

Historically, limited regions around the world had sufficient potential to produce the textiles that could satisfy consumer needs. Pricing was dynamic because the installation of manufacturing facilities was happening in very few parts of the world, ultimately making the market more anti-competitive. However, over time, the technology penetrated the market and new players started setting up their factories to manufacture textiles. With the boom in textile manufacturing, the textile chemicals market has started attracting investors from all over the world.

APAC has been a pioneer in manufacturing textile chemicals and supplying them to other parts of the world that have either closed their production sites or do not have the economic means to run the machinery to produce the textiles. China, the leading country in the APAC region, is a leading player in the global textile chemicals market. In fact, during economic crises, the textile industry in China has experienced slight growth due to the dominance attributed to the availability of cheap labor and flexible environmental and government laws applied to produce textiles and materials. clothes.

Rising standard of living contributes to market growth

The gradual improvement in the standard of living has led to a remarkable change in people’s fashion habits, which has contributed to the growth of the global textile chemicals market. Over time, people have realized the usefulness of textile products and they have become more concerned about their health, and prefer environment-friendly textile products as well as premium textiles and so they started to use them on a large scale in various applications. , which subsequently increased the overall market size of the global textile chemicals market.

Free Trade Agreements have a positive impact on market growth

In recent years, various free trade agreements have been signed between different countries around the world. In addition, important trade pacts such as the Trans-Pacific Partnership (TPP) are currently under consideration. As a result of these free trade agreements, various taxes on textile items have been reduced or removed, resulting in a substantial increase in textile imports and exports, which is expected to strengthen the textile market.

Report Scope:

In this report, the global textile chemicals market has been segmented into the following categories, in addition to industry trends which have also been detailed below:

Textile Chemicals Market, By Type:

  • Auxiliaries

  • Dyes

  • Others

Textile Chemicals Market, By Application:

  • Clothes

  • Household linen

  • Technical Textiles

  • Others

Textile Chemicals Market, By Region:

  • Asia Pacific

  • China

  • India

  • Pakistan

  • Indonesia

  • South Korea

  • Thailand

  • Vietnam

  • Bangladesh

  • Europe

  • Italy

  • Romania

  • Poland

  • Portugal

  • Germany

  • UK

  • North America

  • United States

  • Mexico

  • Canada

  • South America

  • Brazil

  • Argentina

  • Colombia

  • Middle East and Africa

  • South Africa

  • Saudi Arabia

  • United Arab Emirates

  • Egypt

  • Iran

Companies cited

  • BASF SE

  • Huntsman International LLC

  • Archrome

  • DyStar Colors Deutschland GmbH

  • Sumitomo Chemical Co., Ltd.

  • Kiri Industries Ltd

  • sarex

  • SF Dyes Limited Liability Company

  • Finotex

  • Siam Textile Chemicals Limited

For more information about this report visit https://www.researchandmarkets.com/r/72rfa1

Nike offers Zalando and JD Sports customers loyalty benefits in exchange for data

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Nike is looking to build closer relationships with its global customers by offering its full range of digital services – including exclusive merchandise and access to its loyalty program – to those who purchase the brand through European retailers Zalando and JD Sports. .

Nike customers will be able to link their Nike membership to their JD Sports or Zalando accounts and access member-only benefits, including advance notice of new product launches, exclusive items and new digital experiences. The integration, which is currently live for JD Sports and coming in October for Zalando, will give Nike a more holistic view of Nike member purchases, while Zalando and JD Sports will be able to offer shoppers a more range of products and services.

Read more

Inside Nike Rise: the new London store concept

After the success of Nike Rise in China and Korea, the sportswear giant is bringing the concept to London with the aim of getting closer to the customer with a community approach and sports information. Nike’s Direct Vice President of EMEA Speaks Exclusively With Business in vogue on the projects.

Nike tested the model in the United States with Dick’s Sporting Goods last October and is now offering it in Europe. It’s proven to be “a more effective way to serve consumers” that builds closer relationships, said Jim Reynolds, Nike’s vice president of market partners, via a call from the sports giant’s global headquarters in Portland. .

The goal is to allow customers to view their Nike purchases linked to their account in a more comprehensive way, according to the brand. It will also allow Nike to better understand how joint customers shop with its partners to enhance the consumer experience.

“The consumer doesn’t care about the distinctions we sometimes make, and they would like to be served in the most transparent way possible,” says Reynolds. “When they come across us in a multiplayer environment, they want as consistent an experience as possible. And our partners find it useful for them, too. If we both serve consumers better, that’s good for both companies.

He says Nike chose Zalando and JD Sports because they are “two of the leading retailers in our industry.” JD has “a very close connection with young people”, especially those interested in sports, while Zalando covers many different consumer groups, he explains. “In both cases, they were chosen because of their connection to the consumer [and also] because they are strongly oriented, like us, to the growing expectations of customers vis-à-vis retailers, and they serve them.

JD Sports Managing Director Regis Schultz says the partnership is “mutually beneficial” and “amplifies the combined strength of [our] brands with our common consumers, looking at their behaviors and journeys and creating new, richer and more engaging experiences”.

International Italian luxury brand minotticucine and MAISTRI arrive in Dallas, opening their kitchen design showroom

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Join us on Thursday, October 13 for the exclusive VIP launch event!

The minotticucine and MAISTRI brands are an authentic expression of luxury kitchen design, showcasing the exquisite craftsmanship and high-quality craftsmanship for which each brand is known.

The minotticucine and MAISTRI brands offer kitchen designs that are as sophisticated and refined as they are timeless.

Italy's international luxury brands launch their new kitchen design showroom and partnership with Taxila Stone, a luxury specialty wholesaler and Dallas-Fort Worth's premier stone and surface distributor.

Italian international luxury brands are launching their Dallas Design District partnership with Taxila Stone, a luxury wholesaler and leading distributor of stones and surfaces in Dallas-Fort Worth.

International Italian luxury brand minotticucine is coming to the Dallas Design District, opening its first kitchen design showroom in Texas on October 13.

We are very excited about our opening in the Dallas Design District. This is our first step into the Texas market, and we are confident that our brands will exceed customer and designer expectations.

— Monica Venturini, CEO of minotticucine

DALLAS, TEXAS, USA, Sept. 29, 2022 /EINPresswire.com/ — Italian international luxury brand minotticucine arrives in the Dallas Design District, opening its first kitchen design showroom in Texas.

To celebrate the official opening of the showroom, an exclusive VIP launch event is scheduled for Thursday, October 13 and will include a ribbon-cutting ceremony at 5:00 p.m. It will be moderated by Michael Bauer, Vice President, Design, Dallas Market Center.

Monica Venturini, CEO of minotticucine, said, “We are thrilled to open such an important space in the heart of the Dallas Design District. This is our first step into the Texas market, and we are confident that the combination of our two kitchen brands will exceed customer and designer expectations.

The exclusive launch event will feature the exquisite luxury kitchen designs of minotticucine and MAISTRI and feature a special appearance by minotticucine’s Chief Designer/Art Director, Alberto Minotti, pioneer of their legendary brand. The event will also pair delicious treats and cocktails with an exclusive guest list of interior designers, architects, real estate investors and media professionals. RSVP to attend: https://taxilastone.com/event-signup

“minotticucine and MAISTRI offer a unique minimalist style and a highly personalized experience that cannot be duplicated, generating international recognition and demand,” shared Monica Venturini, CEO of minotticucine. “Dallas’ flagship has been specifically designed to exhibit the essence and identity of the minotticucine and MAISTRI brands as an authentic expression of luxury kitchen design, showcasing exquisite craftsmanship and craftsmanship high quality that we are known for.”

The opening of minotticucine’s flagship showroom in Texas is a partnership with Taxila Stone, a luxury specialty wholesaler and Dallas-Fort Worth’s premier stone and surface distributor. This is the only standalone location for minotticucine in all of North America and will accept applications from across the country and around the world.

“Taxila Stone is honored to partner with Monica Venturini and Alberto Minotti to bring their groundbreaking kitchen designs to the DFW Metroplex. Our passion has always been to inspire and help our customers on their journey of discovery,” shared Hari Polavarapu, CEO of Taxila Stone. “Whether you’re designing luxury kitchens or sourcing natural stone, Taxila is your one-stop-shop for materials you can’t find anywhere else.

For nearly 70 years, minotticucine has been crafting modern luxury kitchens embracing their design philosophy which has been described as “Mediterranean Minimalism” and “Essentialism”. minotticucine’s clean, identifiable aesthetic facilitates the clarity of mind and simplicity of high-design style. Aiming to combine unnecessary excesses or superfluous details, their designs allow the strength and beauty of the materials to speak for themselves. “Silence for the eyes, calm for the mind” is a thought that underlies every minotticucine detail and has long propelled the art of luxury kitchen design.

Josh Caballero, Taxila Stone, shared, “We are absolutely thrilled to open a minotticucine here in the DFW metroplex. You really have to visit our new showroom to understand, but it’s like having a museum-worthy sculpture in the form of a kitchen.

The minotticucine Kitchen Showroom is located at 1436 Slocum Street, Dallas, Texas 75207 in the Dallas Design District and is open to the public Monday through Friday: 10:00 a.m. to 6:00 p.m., Saturday: 10:00 a.m. to 4:00 p.m., and closed Sunday. At just under 6,000 square feet, this showroom showcases the sophisticated elegance and uniqueness of minotticucine products, as well as the inimitable minotticucine lifestyle.

About minotticucin
minotticucine is an Italian company with an unrivaled reputation for innovative kitchen designs that are as sophisticated and refined as they are timeless.

minotticucine, originally established as a small workshop in 1948 by Adriano Minotti, is driven by the ingenuity of his son, Alberto Minotti, whose work celebrating the artisan tradition has made his brand an international powerhouse. Fusing the best of global sensibilities with a distinctly “Made in Italy” flair, minotticucine’s wide range of offerings continually redefine what “modern luxury” is for the residential and hospitality industries.

Minotticucine’s groundbreaking vision has resulted in their widespread influence and global presence. With an international network of 2 flagship department stores and over 20 qualified dealers in 30 countries, minotticucine is thrilled to announce Dallas as one of four cities in the United States where their fine lifestyle brand can be fully experienced. Other US locations include New York, Miami and Cincinnati.

Email the Minotticucine Dallas Kitchen Design team: [email protected] or [email protected]

About Taxila Stone (Takshashila in Sanskrit means “hewn stone town”)
Enter the world of unparalleled beauty by helping our customers discover materials as unique as their designs. As DFW’s largest natural stone, marble, granite and engineered flooring wholesaler, our company is the premier design destination for exquisite materials you won’t find anywhere else.

Taxila Stone offers an incredible range of finishes including honed, matte, satin, hand chiseled, tumbled, bush hammered, gloss and polished. Each of these finishes comes in a variety of colors, textures, and tones, and comes in different tile sizes and thicknesses.

In addition to surfaces, Taxila Stone also collaborates with exclusive brands to offer customers the best furniture, outdoor lighting and other home accessories, such as innovative sinks or fireplaces. With a world-renowned team of sourcing specialists who have over 30 years of experience, we are constantly searching the world for cutting-edge designs and state-of-the-art materials that will turn any project into a masterpiece. luxury design artwork.

Taxila Stone’s corporate headquarters and design showroom is located at 2815 Barge Ln in Dallas at Route 12 and the Singleton intersection. We offer stone slabs, porcelain tiles, granite countertops, outdoor planters and botanical pieces, as well as marble tables, stone art and manufactured surfaces.

Taxila Stone is open to the public for material selection Monday through Saturday with no appointment necessary. Come meet our knowledgeable and friendly staff of stone professionals. From stone countertops, vanity tops, wall surfaces, modern flooring and tile, to unique home accessories, furniture and outdoor lighting, Taxila Stone has all the resources to make your design dreams come true. reality.

minotticucine
Dallas Kitchen Showroom
+1 830-217-8355
[email protected]
Visit us on social media:
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Step into the world of unparalleled beauty as Taxila Stone helps our customers discover materials as unique as their designs.

Green Check Verified partners with Evergreen Annuity & Life

BONITA SPRINGS, FL, Sept. 29, 2022 (GLOBE NEWSWIRE) — Green Check Verified (GCV), the leading fintech provider of cannabis-compliant banking solutions and services, today announced a partnership with Evergreen Annuity & Life Co. (Evergreen), a life insurance and annuity company engaged in cannabis-related financial services. This partnership will allow cannabis-related businesses (CRBs) on the GCV platform to have access to the insurance and annuity solutions offered by Evergreen.

The United States has seen legal cannabis sales increase from $12.1 billion in 2019 to $33 billion in 2022. However, life insurance and annuity companies have remained hesitant to underwrite those in the industry, in part due to marijuana’s status as a Schedule I controlled substance. Through this partnership, existing GCV customers will have access to Evergreen’s suite of products, in a compliant and legal manner. Evergreen will now have access to full use of GCV’s compliance rules engine, ensuring it meets all regulations.

Evergreen is bringing the first cannabis-friendly wealth management products to market using the established state-regulated insurance ecosystem: empowering incumbents to use new and innovative wealth management tools to stay competitive, empowering marginalized entrepreneurs to also diversify their assets as they grow, access and protect their wealth using insurance products, and help established cannabis businesses offer traditional employee benefits an easily understood and commonly used way.

“The cannabis industry has seen phenomenal growth over the past year, and with increased access to technology solutions and banking programs like what GCV offers, it will continue to be propelled forward,” said Paul Chesek, Chief Growth Officer of Green Check Verified. “By partnering with Evergreen, we can now offer our CRBs the tools to secure competitive insurance and annuity products, ensuring they are protected. Going forward, we will continue to offer these businesses the ability to take advantage of other financial services that they would not typically have access to.

GCV started as a convenient way for cannabis businesses to find a financial institution willing to work with them. Over time, the GCV ecosystem has expanded to a much broader set of financial and business services, from their recent acquisition of PayQwik to the announcement of their marketplace initiative. This partnership with Evergreen continues GCV’s journey to become the premier one-stop-shop for all cannabis-related financial services.

“We are thrilled to partner with Green Check Verified, the only company in the industry with the right mix of customers, financial institutions and technology to fulfill our mission of protecting cannabis entrepreneurs and their employees,” said said Jasnik Parmar, Founder and President. of Evergreen Annuity & Life. “We are committed to taking cannabis financial services to a new height, and GCV is the perfect partner to grow our program and empower entrepreneurs while remaining compliant.”

GCV has 112 US banks and credit unions as partners and is on track to exceed the number of sales processed within its platform in 2021. GCV was also recently ranked as the third best place to work in Fintech in 2022 by American Banker and won the Leader’s Top Compliance Award at this year’s Payments, Banking & Compliance Conference held recently in Washington, DC.

About Green Check Verified

Green Check Verified (GCV) is a regulatory software and services company founded in 2017 by a team of technology, banking and regulatory experts. GCV focuses on the intersection between community banking and the emerging legal cannabis industry and aims to provide the services and tools necessary to connect these two industries in a compliant and profitable manner. For more information about Green Check Verified, visit www.greencheckverified.com.

About Evergreen Annuity & Life Co.

Evergreen Life & Annuity Co. is the first cannabis-friendly life insurance and annuity company. Utilizing the regulated insurance ecosystem established by the state, Evergreen’s products enable cannabis entrepreneurs, employees, and financial institutions to grow, access, and protect their capital. For more information, visit www.evergreenannuity.com.


        

Legal businesses diversify to meet demand

Lawyers pride themselves on belonging to a profession, a form of work based on long and advanced training. But, over the past two decades, they have been joined by another cohort: Alternative Legal Service Providers (ALSPs), who talk more about being part of an “industry”.

This group, which includes the Big Four accounting firms, focuses on work that falls outside of the complex legal advice given by law firms. Today, however, legal firms of all kinds are expanding their offerings to meet the growing demand for this work, but in different ways.

The ALSPs have had a checkered history to date, and not free from hype. However, Liam Brown, managing director of law firm Elevate, said that if the industry initially failed to reach its initial potential, it was not because of a problem with the “underlying dynamics”. “.

“I’m on my third $100 million venture,” he points out. “The problem is that space entrepreneurs have made outlandish claims about the future.”

The first alternative legal service providers were created in the early 2000s, taking on routine outsourced legal tasks at a lower cost for their clients, primarily corporate legal teams and law firms.

Over the past two decades, this has evolved, with vendors offering integrated solutions to business challenges with a legal dimension. They cover a range of services, from legal technology and data analytics to process reengineering and consulting, and – in some cases – legal advice as well.

ALSPs now come from various types of parent organizations, including original outsourcing companies, legal technology companies, and the big four accountants. Even large law firms have developed their own ALSPs to complement their core legal advisory business.

This makes it difficult to define the current market for alternative legal services, as the term applies to any type of legal enterprise working at the intersection of business and law, outside of the traditional structure of a law firm. .

Participants’ and investors’ estimates of the size of the market vary. The outsourcing segment is valued at $15 billion and the legal technology market at around $20 billion, according to Houlihan Lokey, the investment bank. For others, the potential is even greater. “In three to four years, the market will exceed $1 trillion,” says Tony O’Malley, global legal chief at PwC.

For Big Four firms, the attractiveness of the ALSP market is an opportunity to tap into their substantial resources to combine legal advice, consulting and technology.

At PwC, O’Malley says his ideal project to work on would go beyond simple legal advice and span multiple jurisdictions, and include a technology proposition for large-scale delivery: or 30 countries, that would excite me,” says he.

Michael Castle, Deloitte Legal’s managing partner for the UK and North-South Europe, describes the law firms’ offering as “event-driven advice”. He sees growth potential for Deloitte Legal beyond the lawyer: “There is a whole world [of business outcomes] with which the Advocate General must engage and which requires more than this type of [legal] tips”.

Shahzad Bashir, Managing Director and Founder of Morae Global, a technology-driven legal services provider, is clear about his company’s place in the industry. “We’re not in the practice of law, we’re squarely in the business of law,” he says. “It’s an important distinction – the two can touch each other but we’re not lawyers.”

Brown says Elevate’s role is to help clients streamline their business operations, of which the legal process is a critical part. The company also has ties with law firms to help them provide a more cost-effective service to clients, by offering low-cost legal labor as part of the service.

Gathering all the offers is a challenge faced by all ALSPs. “I want to be the Accenture of law firm managing partners and general counsel,” says Bashir. “There are many vendors who implement technology and contract services, whether in India or elsewhere, and people who put processes in place to make it more efficient. But the solution must be integrated.

Scale is also becoming an essential element of the success of the ALSP. The Big Four legal teams already have it. But, to get it, Morae Global went on a buying spree, hiring change consultants such as Janders Dean in 2020 and ancillary tech deals before securing BlackRock funding in 2021. At Elevate, Brown is on the hunt. looking to raise more capital to grow rapidly.

Changes on the demand side also propel the market forward. “The buying model for clients has shifted towards integrated services,” says Stuart Fuller, global head of KPMG Legal. This has been partly fueled by the growth of data held by multinational corporations, driving the need for more standardized systems. Some ALSPs, such as UnitedLex, have placed a data strategy at the heart of their offer to corporate legal departments.

There has also been a shift in mindset towards ALSPs on the part of customers. At Haleon – the UK consumer health spin-off of drugmaker GSK and one of the FTSE’s 20 largest companies – general counsel Bjarne Tellmann is building the legal department from the ground up. He turned to UnitedLex to help him with flexible people support, using work-taking technology to manage the company’s legal advice requests.

Data is at the heart of this, says Tellmann. Working with UnitedLex early on will help Haleon make inroads to create a future-ready legal department, he says: “If we can connect with other data in the organization, we can create a flywheel effect .

When asked if the term “alternative” is still appropriate to describe this part of the legal industry, Brown laughs. “With the Big Four on the market, we’re working in an ocean, not a pond,” he says. “I’m confident there will be a number of billion-dollar law firms in the next couple of years. Call this alternative? »

Five case studies

When Deloitte Legal acquired law firm Kemp Little in 2020, it doubled its UK lawyer workforce to over 170 and acquired new technology. An example is the intellectual property protection tool Dupe Killer, which is used by luxury fashion brands such as Jimmy Choo. It applies artificial intelligence processes to hunt down counterfeiters: the tool scans images online to detect design infringements and provides customers with an assessment of whether legal action is worth pursuing. Ratings are based on data points, such as the number of page views the counterfeiter has and how that affects the customer’s product over time.

Elevate and Expedia

To free up its legal team to focus on higher value work, the travel booking business is working with law firm Elevate to support the legal operations function. Inquiries and billing reviews are handled by a rotating six-person team at Elevate, allowing the internal legal operations team to focus on projects that require a deeper understanding of the business. The Elevate team also handles approximately 1,000 routine regulatory queries from Expedia per month, which were previously handled by paralegals. The fee the company pays to Elevate is only a fraction of what it saves, thanks to the invoice review service.

Factor and BT

The law firm Factor has worked with BT since 2013. Initially, it was to allow the telecommunications company’s legal team to outsource low value-added tasks, such as the management of non-compliance agreements. -disclosure. But, over time, the relationship deepened. Today, more than 60 Factor lawyers are embedded in BT’s legal team and customer-facing units, where they work on more complex deals related to sponsorship, intellectual property and more. Factor also helped introduce other efficiencies for BT’s legal team, such as self-service contracts and other process improvements to speed time to market.

LOD Group, Syke and Therme

The lean legal team at wellness resort company Therme Group needed to improve their processes to help them scale. The team turned to flexible legal resource firm LOD and legal technology consultancy Syke (the two firms recently formed a partnership to offer combined services). Syke has implemented an intake system for legal work, as well as a contract management system, while LOD provides access to a more diverse pool of legal talent than a small team of permanent employees, allowing the Therme group to respond quickly to changing needs.

PwC and Bridgewater Associates

In 2020, asset management firm Bridgewater Associates began developing new products and expanding into new geographies. Its legal team, already at full capacity, therefore turned to PwC to improve its efficiency and enable the expansion of its activities. PwC and Bridgewater’s legal team worked on an offering to automate the creation and approval of multiple agreements, capturing data to enable continuous improvement. PwC has also hired additional staff in Europe to provide round-the-clock service to the asset management company.

RSGI, a legal industry think tankhave selected the above companies, taking into account third-party market praise and interviews with these companies and their customers.

Designer Daniel Lee replaces Riccardo Tisci at Burberry

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LONDON, Sept 28 (Reuters) – Burberry Group (BRBY.L) has appointed Daniel Lee as creative director, replacing Riccardo Tisci, who is stepping down after presenting his final show for the British luxury brand on Monday.

Lee served as creative director at Bottega Veneta in Italy from 2018 to 2021 and previously worked at Celine, Maison Margiela, Balenciaga and Donna Karan, Burberry said on Wednesday.

The end of Tisci’s nearly five-year tenure follows the arrival of Jonathan Akeroyd as Burberry’s new chief executive earlier this year.

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Tisci was the creative force behind former CEO Marco Gobbetti’s strategy to elevate the 166-year-old brand’s position in the luxury sector.

His designs, many of which featured a new Thomas Burberry “TB” monogram, attracted a younger and more diverse community of customers to the brand.

Lee, born in Yorkshire where Burberry makes its famous trench coats, said he was honored to join the fashion house and build on Tisci’s legacy.

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Reporting by Yadarisa Shabong in Bengaluru and Paul Sandle in London; Editing by Subhranshu Sahu, Kate Holton and Sachin Ravikumar

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Eddie Bauer Appoints VF Corp. Alum Tim Bantle as CEO – Footwear News

Sparc Group, a lifestyle brand operating company in partnership with Authentic Brands Group and Simon Property Group, has appointed Tim Bantle as CEO of its Eddie Bauer brand.

In his new role, Sparc said Bantle “will chart the next phase” of Eddie Bauer’s growth journey. He will report to Marc Miller, CEO of Sparc Group, and will be based in Seattle.

Regarding the brand’s next phase, Sparc said Bantle will aim to “amplify the brand’s philosophy and mission” for a wider audience and reinforce its commitment to achieving its sustainability goals by connecting people. , Eddie Bauer’s business goals and priorities across digital and traditional channels.

“I admire Eddie Bauer for his unwavering commitment to making the outdoors accessible to everyone through great product and authentic storytelling,” Bantle said in a statement. “The team has done an incredible job building global momentum for Eddie Bauer, and I look forward to working closely with them to introduce the brand to new audiences and the broader outdoor lifestyle.”

Bantle joins the American heritage outdoor brand from VF Corp., where he led the company’s local Canadian outdoor sports and action platform as Managing Director of VF Canada. Prior to VF Canada, Bantle held executive positions at The North Face, Black Diamond Equipment and Patagonia.

Sparc added that Bantle led launches of “transformative category-defining products” and “best selling products” for alpine, ski and outdoor exploration, as well as fashion and streetwear collaborations. At The North Face, Bantle also guided the acceleration of the brand’s sustainability efforts, which emphasized circularity with the introduction of recycled and regenerative textiles.

“Tim is a recognized industry leader and outdoor brand champion,” added Miller. “He brings a unique understanding of the outdoor consumer coupled with deep technical knowledge that translates into commercial success. I’m excited about Eddie Bauer’s future and confident the brand will thrive under Tim’s leadership.

Bantle’s appointment comes months after former CEO Damien Huang left Eddie Bauer in May after 12 years with the company. Under Huang’s leadership, Eddie Bauer is committed to making the outdoor experience more accessible and inclusive, anchoring the brand in performance apparel and outerwear through a multi-channel approach.

Earlier this month, Eddie Bauer named his first creative director, streetwear stalwart Christopher Bevans. Huang was instrumental in integrating Bevans into the team.

In May 2021, Eddie Bauer was acquired from Golden Gate Capital by Authentic Brands Group, joining Brooks Brothers, Aéropostale, Forever 21, Lucky Brand and Nautica in its Sparc Group brand portfolio.

Burberry CFO Julie Brown resigns

Image Courtesy: theindustry.fashion

The Chief Operating and Financial Officer (CFO) of the British clothing retailer Burberry will step down!

Julie Brown, Chief Financial Officer, will step down at the end of the current fiscal year, April 1, 2023.

The retailer is working to identify its successor and an official confirmation on this will be announced in due course.

Julie, who will be leaving Burberry after 6 years, said that as a group, Burberry has strengthened its brand and business and taken an industry-leading position in sustainability.

She added “I am especially proud of our work in guiding Burberry through the pandemic, staying true to our values ​​and bringing about transformational change in finance, IT, Burberry business services and responsibility.”

Thanking Julie for her significant contribution, Gerry Murphy, President of Burberry, said Julie had successfully built a solid financial foundation for the next chapter of Burberry’s growth under CEO Jonathan.

Founded in 1856, Burberry is a London-based luxury fashion house. She currently designs and distributes ready-to-wear, including trench coats (for which she is best known), leather goods, shoes and fashion accessories.

Gently’s shopping aggregator aims to take the friction out of locating used clothing • TechCrunch

Samuel Spitz is a second-hand clothes lover, but he found that he spent hours searching dozens of resale sites to find certain items and was missing.

“The market is very fragmented with all sites,” Spitz told TechCrunch. “And once I got to a site, it was really hard to find what I wanted, plus you only see a fraction of what’s actually there. was not available right away, in my specific size, or at my target price. I keep searching, searching, searching every week, spending hours doing it because I love finding bargains.

It was then that he had the idea of ​​grouping all these second-hand ads under one umbrella. In March 2021, he joined fellow Rice University grad Kunai Rai to launch Gently, formerly Wearloom, in what Spitz called “Amazon for Occasion,” which lets users make shopping across multiple sites, including Poshmark, Depop, and eBay, from one place. .

The company’s initial “technology” was a form people could fill out listing the clothes they were looking for, and Spitz and Rai would manually compile the search results and respond via email. By the end of the first month, the pair was serving 500-600 people every day and it grew to thousands in the second month.

When all that manual research became too much to track, they set about creating the central platform for online secondhand shopping that Gently is today.

The company, which now serves tens of thousands of users every day, partners with sites like eBay, ThredUp, Vestiaire Collective, Rebag, Grailed, GOAT, StockX and TheLuxuryCloset so users can search, filter and receive second-hand clothing site alerts. Gently makes a percentage of the sales it drives to these sites.

Gently second-hand clothing market Picture credits: Gently

“It’s similar to how Kayak works for travel,” Spitz said. “We are also attracting new customers who may not have purchased with them before.”

In May, ThredUP reported in its 2022 Resale Report that the global used clothing market is expected to grow 127% by 2026, three times faster than the overall global clothing market. In the United States alone, the second-hand market saw “record growth” of 32% in 2021 and is expected to more than double over the next four years to be valued at $82 billion.

In addition to those already listed, there are tons of marketplaces and startups working in this space, including Olive, Archive, Curtsy, Rebag, and Treet, all of which have secured venture capital funding in the past two years. Spitz considers its closest competitors to be Lyst and ShopStyle, which is a Rakuten brand.

Today was Gently’s turn to announce its new capital injection of $2 million in pre-seed funds in a round that included more than 20 investors like Jason Calacanis’ Launch, Bloom Tech’s Austen Allred , Jon Oringer of Shutterstock, Peter Rahal of RXBar, Dorm Room Fund and V1. RESUME.

Spitz plans to increase the number of daily users to 1 million by 2024. He intends to deploy the new capital in technology development to improve search, launch SMS functionality and create a scaling function so that users users only have to enter their size once. The company is also hiring additional people to join the six-person workforce and expand from fashion to other categories, including furniture. He is also eyeing a Series A in 2023.

“The reason most people don’t buy used online is because it’s time consuming and has a lot of friction,” he added. “We can help these businesses generate more sales and get more people to shop.”

Greenwashing continues – Make sure your environmental claims are met – Law firm

In last month’s issue of Fashion Focus, we looked at the consequences of fashion brands breaching the Market and Competition Authority’s Green Claims Code.

But without a standardized way to measure whether the materials used to produce a particular part are sustainable or not, consumers are faced with confusing claims and counterclaims. This is where the Green Claims Code checklist comes in.

The checklist accompanies the Green Claims Code and sets out 13 key claims companies must be able to comply with when making a green claim.

So what are the checklist’s key statements and actions brands can take to enable compliance and thus avoid greenwashing claims?

1. Proof, Proof, Proof

A key part of supporting your brand’s green claim is ensuring that all green claims are credible and can be proven. It goes back to the beginning of the supply chain. Where a ‘Green’ or ‘Responsible’ label is used on clothing products or in relation to ranges, you must be able to clearly show that these claims are accurate and in place throughout the supply chain .

This is essential to avoid claims of greenwashing. According to the Green Claims Code, “green” claims must be substantiated. This overarching point is covered by a series of statements in the checklist. Conversely, it is important to avoid “puffs” or hyperbole.

It follows that if you use general and subjective formulations such as “We have the most sustainable fashion collection in the UK,” there must be evidence to support such a claim – which, given that it is an absolute claim, can be very difficult to prove. The use of general terms is not a solution for lack of evidence!

2. Tell the truth

Although it must be a given, all statements made must be accurate and truthful while being clear to understand.

An example that has recently attracted media attention is the reliability of the Higg Index created by the Sustainable Apparel Coalition since the Norwegian Consumer Authority banned the use of the index.

Similar issues were raised a few weeks ago in a class action lawsuit brought against H&M in New York for misleading advertising in the use of water from its “mindful” collection.

When a consumer is looking to purchase a product made from organic components, for example, it is clear that they expect the majority of the product to be made from organic materials. If only 20% of the product’s components are considered to be of biological origin, this is likely to be misleading. But in the absence of a statutory definition of “organic” available, this becomes another gray area!

3. Just stay

Any comparison made with other products must be both fair and meaningful. This includes comparing the recyclable content of two products, or for example, the CO2 emissions emitted or the amount of water used during production.

When used, the comparisons made must be calculated in the same way on comparable products. CMA guidelines are that comparisons should be avoided if possible, as vague or inconsistent statements do not help to support comparisons.

When used, comparisons should be specific and quantify the comparison.

4. Don’t try to hide

When making a “green” claim on a product line, the claim should not omit or conceal any important information. Brands should avoid “cherry picking” information that paints a positive environmental picture when it’s not the whole story.

When a brand explains an eco-claim, it should ensure that additional information is readily available to consumers. A rule of thumb is that if all relevant information cannot be communicated fairly to every potential consumer (for example, on the product label), the brand should reconsider the method of communicating it most fairly to all consumers.

5. The supply chain is responsible

Green claims must be substantiated at all stages of the supply chain. Brands making such claims must be able to provide evidence that their suppliers meet environmental standards.

To achieve this, brands may wish to seek additional protection from suppliers, such as additional environmental clauses in their manufacturing contracts or providing additional evidence of production processes and fiber content.

Take home points

As sustainability becomes more and more important for the fashion industry, brands are increasingly looking to launch sustainable and “green” products.

Those who do must ensure they meet the 13 points of the Green Complaints Checklist to avoid an investigation by the CMA.

The consequences of failing to do so include significant fines, consumer actions, shareholder claims, violation of product labeling requirements, public shaming – and ultimately damage to brand reputation.

contact us

If you have any questions about these issues relating to your own organization, please reach out to a member of the team or speak with your usual Fox Williams contact.

Research assistance provided by Gia Andreou.

Enbacci’s international expansion plans focus on offline channels for a “luxury experience”

0

Enbacci is a luxury skin care brand that develops fruit and plant stem cell based skin care products. It was founded by mother-daughter couple Nan Chen and Yong-Li Zhou in 2013

It was first launched in Thailand before returning to Australia a year later to focus on building the brand in its home market.

The company operated primarily online before opening its first flagship store in 2017 in Melbourne. Today, the company’s main markets are Australia, China, New Zealand, the United Kingdom and the United States.

At the height of the COVID-19 pandemic in 2020, the company decided to focus on international exports and launched in China with the Tmall and VIP e-commerce platforms.

“Late 2020 and early 2021 we had the major COVID lockdowns and that’s when we decided we really needed to pivot and officially do the big overseas launch and we decided to invest heavily in that”, Zhou said.

This year, the company will launch its first overseas flagship store in Beijing in a luxury department store located at the World Trade Center.

The Beijing flagship launch is the first step in Enbacci’s focus on expanding the brand’s offline footprint.

Going forward, the company aims to strengthen its presence in New Zealand. However, instead of adopting the DTC approach, it strives to enter the market through offline channels.

“Our goal would be to secure locations in New Zealand over the next 12 months, especially now that they have opened up to us,” Zhou said.

She explained that launching a physical store is the perfect way for a luxury beauty brand to connect with consumers.

“As a luxury brand, there’s not much you can do when it comes to luxury customer experience. After the pandemic, people want to reconnect and it’s not necessarily something you can do well on a computer screen. »

She added that after experiencing the disruptions of the COVID-19 pandemic. beauty brands need to diversify their channels.

“From that perspective, we became too dependent on one sales channel and neglected the other when we could have done so much more with both.”

Having a physical store also cements brand legitimacy at a time when it seems like thousands of online direct-to-consumer (DTC) brands pop up every other day, Zhou said.

“Today, if you’re only online, you can lose your credibility because there are so many brands popping up because the e-commerce infrastructure has lowered the barrier to entry. Consumers don’t know if these brands have completed their efficacy tests and are following all the rules.”

At the same time, the company is working on expanding its product range. After launching a range of “basic” products such as its cleanser and serum, it now completes the range with products demanded by its consumers, such as cleansing balms and sheet masks.

It is also developing a body care line with active ingredients targeting skin problems such as firmness.

walkaroo international ltd: Walkaroo builds new manufacturing unit in Rajasthan and seeks to tap into the northern market

Famous footwear brand Walkaroo International Ltd is setting up a new manufacturing plant in Rajasthan with an investment of Rs 70 crore as it plans to boost its presence in the northern market, according to a company official. With two-thirds of revenue coming from the southern region, the company expects to reap revenue of Rs 2,100 crore in the current financial year, Walkaroo International Ltd Director Rajesh said on Sunday. Kurian.

According to him, the Coimbatore-based company caters to 1.5 lakh outlets through its 750 distributors.

“We have almost 5% market share in the footwear market and we are at the bottom of the pyramid. What we manufacture is synthetic polyurethane. In our new factory in Rajasthan, we will produce hawai (slippers) in rubber that supplies markets like Bihar and Uttar Pradesh,” he told PTI.

Elaborating, he said, “The new factory is in progress. We will manufacture the hawaii rubber products there. We already have a factory in Haryana where we manufacture synthetic polyurethane products.”

The new facility will see investments worth Rs 70 crore and the company is expected to create around 600-700 new jobs in Rajasthan through the unit, he said in response to a query.

On the group’s finances, he said the company recorded revenue of Rs 1,850 crore last year and this year has set a target of raising Rs 2,100 crore.

“We also export our products to the Middle East and we have a factory in Dhaka to serve the Bangladesh market. We are also planning to enter the African market…” he said.

Regarding the impact of the COVID-19 pandemic, he said the company experienced a drop in sales in April 2021 as only 50% of business was done, while in May last year, they had fallen by another 25%.

“However, in June 2021, we could see the demand. Again in January, there was the introduction of GST which increased from 5% to 12% for shoes sold below Rs 1,000. Then “We had the Ukraine-Russia conflict. So we were forced to raise the price of our products at the time,” he said.

Over the past three months, price increases have started to come down and the company and other organized market players are “well stocked” to meet the demand for the upcoming festival, Kurian said.

The domestic organized footwear market was valued at Rs 55,000-Rs 60,000 crore, he said.

Business Plan Development Services for Apparel Startups: YRC Retail Consultants reach out to potential clients

Business Plan Development Services for Apparel Startups: YRC Retail Consultants reach out to potential clients

YRC is a retail and e-commerce consulting brand with a large-scale international presence.

YRC is a management consulting firm, specifically for the BC sector. Empower retail and e-commerce businesses. »

— Nikhil Agarwal

DUBAI, Sept. 24, 2022 /EINPresswire.com/ — The team has been providing business plan solutions to businesses across various industries for over a decade now. Via this release, omnichannel consulting experts are reaching out to aspiring entrepreneurs and existing business people who are planning to start a clothing business with a solid business plan.

First fix the approach

The essence of a good business plan is to assess the strength of the business idea/project in question based on financial and business parameters. The objective is to evaluate the business idea based on financial projections. And the inputs for developing a business plan are obtained from the business model. Therefore, the business model must come first, then the business plan. YRC’s business plan writers follow a set of planned, extensive and organized processes to prepare these business and financial assessments and statements regarding the implementation of the business idea.

Assess initial investment needs

Here, YRC assists businesses in identifying and estimating their capital requirements and upfront expenses. These investments are essential to build the foundation of assets and operations needed to start a clothing business. These initial investments include expenditures for conducting market research, purchasing/leasing/renting/building physical assets (land, store, warehouse/CF, offices, etc.), purchasing technological and industrial solutions, etc.

Margin analysis

The margin is a derivative of the estimated buy and sell prices. But since clothing stores don’t usually sell a single product line, it’s the average margin that matters the most. The product line can have multiple product lines, each of which has multiple product types. Suppose a jeans brand can divide its product line according to gender and market segment. Women’s jeans may have higher markups than men’s jeans. The profitability of one product line may not compensate for the entire product line. The average margin does not tell you about gross profitability, but it does provide insight into the big picture and is particularly useful when sales in terms of units are expected to remain the same for all product types.

Estimated turnover

Sometimes it’s best to play it safe and be cautious about turnover expectations. This strategy works in competitive market segments. For example, the market for bandanas is extremely competitive in the state of Texas. Unless it has a strong value proposition, a clothing brand should tame its revenue expectations. But the same brand can expect better sales in a market where the trend of wearing a bandana is in. The difference between the two markets is that of fluctuating demand. Conventional markets for a product exhibit demand stability. But where such a product is part of a fashion trend, demand takes an upward spiral for an unknown duration. YRC maintains that the revenue estimation process involves a scientific, systematic and methodical approach. Subjective insights are essential to give meaning and direction to this estimation process.

Procurement planning

Purchasing planning is essential and aims to ensure that the required types and levels of inventory are constantly maintained in stores, warehouses and distribution centers. The information needed for purchasing planning comes from various sources such as merchandising strategies, regular demand forecasts, promotional campaigns, seasonal demand, budgeting, logistics capabilities, etc. YRC’s role here is to help companies plan and schedule their buying decisions. Having good procurement planning helps companies sort out the roadmap for a smooth procurement function.

Other aspects covered by YRC in developing the apparel business plan include salary projections, key financial ratios and indicators, cash flow projections, revenue and expense forecast statements, analysis break-even point, etc.

For more information on developing clothing startup business plans (https://www.yourretailcoach.in/industries/fashion-retail-clothing-consulting/) and YRC’s retail consulting services, please visit https://www.yourretailcoach.in/

Get advice for Retail Business Consulting: https://www.yourretailcoach.in/contact/

Rupal Shah Agarwal
YourRetailCoach
+91 98604 26700
[email protected]
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How to Choose the Right Ecommerce Business Model

Trousers and shorts remain the top products in China’s total apparel exports

Garment exports from China, the global textile powerhouse, amounted to $71.423 billion between January and June 2022. Trousers and shorts remain the top garment export products, accounting for 20.36% to $14.542 billion. dollars during the reporting period. The share of coats, sportswear and suits remained negligible at less than 1% each.

According Fibre2Fashion’s market analysis tool, TexPro. Jackets and blazers accounted for 9.21%, dresses 7.92%, T-shirts 7.20%, accessories 4.83%, socks 4.47%, shirts 4.33%, clothing nightwear 2.42% and skirts 2.32% of total exports. The share of swimwear, baby clothes and sets was less than 2% each.

Garment exports from China, the global textile powerhouse, amounted to $71.423 billion between January and June 2022. Trousers and shorts remain the top garment export products, accounting for 20.36% to $14.542 billion. dollars during the reporting period. The share of coats, sportswear and suits remained negligible at less than 1% each.

China’s garment exports remained stable despite the U.S. embargo on cotton and cotton products originating in the Xinjian region, according to TexPro.

The country’s monthly apparel exports were $18.854 billion in July, $17.328 billion in June, $14.538 billion in May, $10.824 billion in April, $9.719 billion in March and $9.237 billion in February 2022.

Fibre2Fashion (KUL) News Desk


5 things to know for September 23: Hurricane Fiona, Ukraine, Migrants, Covid fraud, Air travel



CNN

Halloween is still over a month away, but some major retailers are already gearing up for Christmas. Walmart and Target said they are starting the holiday shopping season earlier this year in stores and online, as households across the country continue to grapple with persistently high inflation that forces them to cut back on spending.

Here’s what else you need to know to Level up and get on with your day.

(You can receive “5 Things You Need to Know Today” daily in your inbox. Sign up here.)

Canadians are bracing for what could be the strongest storm to ever hit their country’s coast. Hurricane Fiona, which has already hit the Caribbean, is now expected to pass Bermuda today before hitting eastern Canada on Saturday morning. Residents of Nova Scotia and Prince Edward Island are warned to prepare for the impact of Fiona. The Category 4 storm, which has already claimed the lives of at least five people and knocked out power to millions this week, will bring damaging winds, high waves and heavy rain that could lead to prolonged power outages , local officials said. Several schools, government offices and other businesses in the area closed today in anticipation of the storm.

Ukraine’s occupied parts are today voting in ‘mock’ referendums on joining Russia. The referendums, which are illegal under international law, have been widely condemned by the West as illegitimate. Such a move could provide Moscow with a pretext to step up its faltering invasion, which has seen Ukraine regain thousands of square kilometers of territory this month. The European Union said it would not recognize the results and indicated that it was preparing a new set of sanctions against Russia. Russian President Vladimir Putin, meanwhile, backed the referendums in a recent address to the nation. Separately, long queues of traffic have been reported at several of Russia’s main land borders as Russian citizens try to flee the recently announced “partial mobilization”.

Video explanation: How long can Ukraine maintain its military gains?

A Democratic Florida lawmaker is suing Republican Gov. Ron DeSantis to stop him ferrying more migrants from the southern border, arguing last week’s flights to Martha’s Vineyard violated state law. State Sen. Jason Pizzo, a Democrat from Miami, said DeSantis illegally misused taxpayers’ money by ferrying about 50 migrants from San Antonio to Massachusetts Island. DeSantis has pledged to transport more migrants from the border and previously told reporters that flights to Martha’s Vineyard were “just the beginning”. DeSantis said the action was paid for with $12 million allocated in the state budget, and he promised to use “every penny.”

Why This Lawyer Says Martha’s Vineyard Migrants Were ‘The Prey’

More than $45 billion in pandemic unemployment benefits may have been fraudulently paid to criminals between March 2020 and April 2022, the US Department of Labor said in a memo on Thursday. It’s the latest report to identify widespread schemes to steal money from various federal relief programs after Congress enacted an expansion of the program to help Americans during the Covid-19 pandemic. It’s also a big jump from the $16 billion figure estimated in June 2021. Fraud exploded when state unemployment agencies were overwhelmed with record numbers of claims and relaxed some requirements in the purpose of getting money quickly to those who had lost their jobs. . In five months, more than 57 million people have applied for unemployment benefits.

Boeing has agreed to pay $200 million for misleading the public about the safety of its 737 Max jet following two fatal crashes in 2018 and 2019. The Securities and Exchange Commission alleges that, following the October 2018 crash of a Lion Air 737 Max plane that killed 189 people, Boeing and then-CEO Dennis Muilenburg knew part of the plane’s flight control system was having a problem with permanent security – but told the public it was safe to fly. After a fatal 737 Max accident in March 2019, the SEC alleges that Boeing and Muilenburg knowingly misled the public about “slips” and “loopholes” in the certification process for this flight control system. Elsewhere in the aviation industry, American Airlines recently announced that it would ban an unruly passenger for life after the individual punched a flight attendant.

Space Force Theme Song Becomes Comedy Fodder

The United States Space Force has a new theme song… but critics say the tune is so bland and boring it’ll blow you out of space.

Boston Celtics suspend head coach for entire NBA seasonnot

Boston Celtics head coach Ime Udoka has been suspended after having a consensual relationship with a female staff member of the team.

Ye West apologizes to Kim Kardashian in ‘GMA’ interview

Kanye West, now known as Ye, shared this message for his ex-wife on ABC’s “Good Morning America.”

Fetuses smile for carrots but grimace for kale, study finds

A 4D image of a fetus shows a “crying” reaction after being exposed to kale, but a “laughing face” in the womb when exposed to carrots. Check out the interesting – and relevant – images here.

Highlights from London Fashion Week

After the death of Queen Elizabeth II, the United Kingdom went into national mourning. But emerging brands have ensured that the show continues, with many designers honoring the late monarch in creative ways.

According to the FAA, how many hours of flight experience are needed before a pilot can work for an airline?

A.250

B.500

About 1,000

D.1,500

Take CNN’s weekly quiz here to see if you’re right!

6.9%

That’s how much FedEx will increase its ground and express shipping rates by next year, the company announced Thursday. Freight rates will also increase by an average of 6.9% to 7.9%. FedEx said a weaker global economy, particularly in Asia and Europe, has hurt its business. The company is responding by reducing flights, cutting staff hours and closing 90 FedEx offices, as well as five corporate headquarters.

“Today the Nicaraguan government took down our television signal, denying Nicaraguans news and information from our television network, which they have relied on for 25 years.”

–CNN in Spanish, issuing a statement after the Nicaraguan government abruptly took CNNE off the air this week shortly after 10 p.m. local time on Wednesday. In recent months, CNN en Español has reported on examples of repression by the country’s government under President Daniel Ortega’s fifth term. Although the government has not explained why it cut CNN’s Spanish-language service, the move comes as Ortega’s regime has cracked down on press and criticism for the past two years.

Hurricane Fiona passing through Bermuda as warnings are issued for Canada

Check your local forecast here>>>

Sidewalk designs that will disrupt your perception

This street art is made to resemble its interaction with its surroundings! Some are so realistic you may have to look a little! (Click here to see)

On Holding Management lifts forecast on US optimism (NYSE:ONON)

Gokhan Eksane

A quick take on the outfit

On Holding AG (NYSE: ONON) went public in September 2021, raising approximately $746 million in gross proceeds from an IPO at a price of $24.00 per share.

The company designs and sells high prices performance footwear, apparel and accessories worldwide.

For optimistic investors, ONON may present an attractive growth story at a bargain price, but I’m more cautious, so I’m holding ONON in the near term.

Hold Preview

On Holding AG, based in Zurich, Switzerland, was founded to develop a premium athletic and consumer brand for running shoes and related sportswear.

The management is led by co-CEO and CFO Martin Hoffmann, who has been with the company since January 2021 and was previously CFO at Valora Retail.

The company’s main offerings include:

  • Running shoes

  • Sports clothing

The company sells its products to operating stores, outdoor, fashion and lifestyle retailers worldwide.

The company also sells directly to consumers [DTC] through its online sites and corporate-owned retail stores.

On the market and the competition of Holding

According to a 2021 market research report According to Mordor Intelligence, the global athletic footwear market was estimated at $99.6 billion in 2020 and is expected to reach $130 billion by 2026.

This represents a projected CAGR of 4.56% from 2021 to 2026.

The main drivers of this expected growth are a growing awareness of the importance of physical fitness and a growing interest in sports and leisure activities by consumers in various parts of the world.

Additionally, the COVID-19 pandemic has had a negative impact on the sports footwear retail market, but these effects may have been enhanced by manufacturers with significant direct-to-consumer channel capabilities.

Major competitors or other industry participants include:

  • Nike

  • Deckers Outdoor (Hoka One One)

  • Adidas

  • Reebok

  • under protection

  • Brooks Sports

  • Asics

  • New balance

  • lululemon

  • Patagonia

  • Anta Group

  • Lining

  • Others

On Holding’s recent financial performance

  • The total turnover per quarter increased according to the following graph:

Total revenue for the 9 quarters

Total revenue for the 9 quarters (Looking for Alpha)

  • Gross margin by quarter followed approximately the same trajectory as that of total revenue:

Gross profit for the 9 quarters

Gross profit for the 9 quarters (Looking for Alpha)

  • Selling, G&A expenses as a percentage of total revenue per quarter have generally remained around 50%:

9 Quarter Sales, G&A % of revenue

9 Quarter Sales, G&A % of revenue (Looking for Alpha)

  • Operating income by quarter was as follows:

9 quarter operating profit

9 quarter operating profit (Looking for Alpha)

  • Earnings per share (diluted) followed a similar trajectory to operating income:

Earnings per share over 9 quarters

Earnings per share over 9 quarters (Looking for Alpha)

(All data in the charts above is in accordance with GAAP.)

Since its IPO, ONON’s stock price has fallen 55.6% compared to the US S&P 500 index decline of around 14.5%, as shown in the chart below:

52 week stock prices

52 week stock prices (Looking for Alpha)

Valuation and other measures for detention

Below is a table of relevant capitalization and valuation figures for the company:

Measure [TTM]

Rising

Enterprise Value / Sales

5.29

Revenue growth rate

64.3%

Net profit margin

-11.8%

% EBITDA GAAP

-12.6%

Market capitalization

$5,590,000,000

Enterprise value

$5,190,000,000

Operating cash flow

-$145,700,000

Earnings per share (fully diluted)

-$0.40

(Source – Alpha Research)

For reference, a relevant partial public comparable would be Under Armour, Inc. (UA); Below is a comparison of their main evaluation metrics:

Metric

under protection

Pending

Variance

Enterprise Value / Sales

0.69

5.29

666.7%

Revenue growth rate

27.0%

64.3%

138.2%

Net profit margin

6.3%

-11.8%

-286.1%

Operating cash flow

$664,830,000

-$145,700,000

-121.9%

(Source – In Search of Alpha.)

A full comparison of the two companies’ performance metrics can be viewed here.

Compared to Seeking Alpha Footwear’s basket of relevant industry stocks, the company has the highest EV/Revenue and Price/Sales multiples, but the lowest EV/EBITDA multiple.

Comment on outfit

In its latest earnings call (Source – Seeking Alpha), covering Q2 2022 results, management highlighted its growth rates as the US and Japan more than doubled their year-over-year revenue. other and UK and Australia increasing 60%

On the product development side, the company is putting more emphasis on underfoot protection and comfort, releasing the “Cloudmonster for maximum cushioning and the Cloudrunner for ultimate comfort and performance.”

The company also launched Cloudvista and Cloud 5 earlier in the year.

ONON has opened its On Labs center in Zurich, which will be a combination of the head office, innovation center, sample production line and its first retail store in Europe, which portends new ambitions for retail there.

Turning to its financial results, revenue grew 66.6% year-over-year, the strongest in the company’s history, and despite weakness in the China region due to shutdowns .

This growth was primarily due to higher growth in its wholesale channel, primarily with existing retail partners, but also through “selectively expanding our doors with our global and regional key accounts.”

Adjusted EBITDA doubled sequentially as SG&A expenses fell as a percentage of revenue.

Inflation has affected its costs, with airfreight inflation being a significant factor in its cost considerations.

For the balance sheet, the company ended the quarter with cash, cash equivalents and short-term investments of $605 million and no debt.

Over the past twelve months, free cash used was $192.6 million.

Looking ahead, management “sees no signs of slowing demand for On products,” despite the slowing global economy. And its supply outlook has improved in recent quarters.

The company raised its full-year 2022 revenue forecast from 44% growth to 52%, likely due to the expected growth of its “Cloud” footwear line and a very strong order book. from the United States.

In terms of valuation, the market values ​​ONON at a premium over other companies such as Under Armour, likely due to its growth potential.

The main risk to the company’s outlook is slowing US and European markets, although if China returns to growth as COVID-19 lockdowns ease, that could provide some compensation.

A potential upside catalyst for the stock could include continued strength in US consumer spending despite an economic slowdown.

While On’s management appears optimistic about its growth potential for the remainder of 2022, my view is more pessimistic, especially as the US Federal Reserve continues to raise interest rates to slow the economy. ‘economy.

For optimistic investors, ONON may present an attractive growth story at a bargain price, but I’m more cautious, so I’m holding ONON in the near term.

Growth trajectory of the global leather and related products market

Global Leather and Allied Products Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

The Business Research Company Global Leather and Related Products Market Report 2022 – Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, United Kingdom, Sept. 22, 2022 /EINPresswire.com/ — According to The Business Research Company’s Global Leather and Allied Products Market Report 2022, the leather and allied products market is expected to grow from $319.01 billion in 2021 to $356.56 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. According to TBRC’s Leather and Allied Products Market Outlook, the market is expected to reach $536.77 billion in 2026 at a CAGR of 10.8%. are expected to drive the market for leather and related products.

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Main trends in the leather and related products market
Technological advancements in wireless technologies have enabled leather goods manufacturers to integrate wearable technology into their products. Major fashion designers are partnering with technology companies to produce fashionable clothes and luxury goods as the market widely embraces this concept.

Hormonal Contraceptives Market Overview
The leather and related products market includes sales of leather and related products by entities (organizations, independent traders and partnerships) that produce leather and related products. Producers of leather and allied products convert hides into leather by tanning or converting them into final consumer products, and/or manufacture similar products from other materials, including products (except clothing) made from “leather substitutes” such as rubber, plastic materials Rubber shoes, textile luggage and plastic handbags or wallets are examples of “leather substitute” products included in this market.

To learn more about the Global Leather and Allied Products Market report, visit:
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TBRC Global Leather and Allied Products Market Report 2022 covers the following insights:

Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.

Market segmentation
• By type: leather footwear, non-leather footwear, leather luggage, handbags and other articles, non-leather luggage, handbags and other articles, leather tanning
• By application: automotive, furniture, consumer goods
• By type of leather: full grain leather, split leather, patent leather, bonded leather
• By distribution channel: retail stores, online stores
• By Geography: The global leather and related products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest market share.

Major market players such as Nike Inc., Christian Dior SE, Adidas AG, Kering SA, Skechers USA Inc., Puma SE, ASICS Corporation, Tapestry Inc, Prada SpA, and Wolverine World Wide Inc.

Trends, opportunities, strategies and much more.

The Global Leather and Allied Products Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an overview of the Leather and Allied Products market. The market report gives an analysis of the global leather and related products market, the global leather and related products market size, the growth drivers of the global leather and related products market, the global leather and related products market segments and related products, key players in the global leather and related products market, leather and related products. the growth of the global market across all geographies, as well as the revenue and market positioning of competitors in the global leather and related products market. The Leather and Allied Products market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.

Not what you were looking for? Browse similar reports from The Business Research Company:

Global Apparel Market Report 2022
https://www.thebusinessresearchcompany.com/report/apparel-global-market-report

Global Apparel and Leather Products Market Report 2022
https://www.thebusinessresearchcompany.com/report/apparel-and-leather-products-global-market-report

Global Fast Fashion Market Report 2022
https://www.thebusinessresearchcompany.com/report/fast-fashion-global-market-report

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The Business Research Company has published over 3,000 industry reports covering over 3,000 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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Marriott International signs an agreement with Bain Capital Credit and Omnam Group to bring the EDITION Hotels brand to Lake Como in Italy

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LAKE COMO, Italy, September 21, 2022 /PRNewswire/ — Marriott International, Inc. today announced that it has signed an agreement with Bain Capital Credit and Omnam Group to bring its EDITION Hotels brand to Lake Como. Owned and developed by Bain Capital and Omnam Group through a fund managed by Kryalos SGR, The Lake Como EDITION is set to open in 2025 with 145 luxurious rooms, including two penthouse suites, a lively lobby bar, a floating pool and several restaurants and bars overlooking Lake Como with stunning views of the Bellagio mountains. The property is a 19e century building located on the western shore of the prestigious Lake Como, a few minutes drive from Center of Milan. It will be converted into a luxury lifestyle destination that brings Lake Como back to life while honoring the building’s intimate history and rich heritage.

“We are delighted to be working with Bain Capital Credit and Omnam Group to introduce the EDITION Hotels brand to one of italy most beautiful destinations,” said Josh Fluhr, Senior Vice President and General Manager, EDITION Hotels, Marriott International. “Today’s signing demonstrates continued guest demand for luxury accommodations and experiences.”

“We are thrilled to launch The Lake Como EDITION with Omnam and Marriott International,” said Fabio Longo, Managing Director, Bain Capital Credit. “We seek to invest in under-penetrated real estate markets and the EDITION brand fills a gap in key leisure markets for differentiated luxury hotels and enhances our real estate portfolio in Europe.”

“We look forward to bringing Omnam’s flair to this unique location and celebrating the natural beauty of Lake Como,” said David Zisser, CEO, Omnam. “This is Omnam’s fourth development in Italy and, as always, our team strives to create new experiences while staying true to the particular heritage of our surroundings. Our goal is to create sophisticated luxury that invites everyone to experience and enjoy. Together with Bain Capital Credit, we are thrilled to once again partner with Marriott International and bring this vision to life.”

“There is an incredible opportunity for hotel investments in Italynot only in major tourist destinations such as Rome and Milanobut in specific locations that have strong appeal to customers seeking high quality services and unique experiences,” said Paul Botelli, CEO of Kryalos SGR. “We at Kryalos are proud to support this great brand’s entry into Lake Como.”

EDITION Hotels committed to uncompromising quality, genuine originality and impeccable modern service continue to challenge traditional perceptions of luxury and reinforce EDITION’s position as an industry leader. Each EDITION hotel is unique, reflecting the social and cultural milieu of the time and place of its creation. Each new property is individually developed in conjunction with one of the world’s foremost designers chosen specifically for that location and features original food and beverage concepts from internationally renowned chefs. The end result offers the best in dining and entertainment, modern luxury services and conveniences “all under one roof”.

EDITION Hotels redefines the concept of luxury by offering an unexpected collection of unique hotels. The Lake Como EDITION is expected to further strengthen Marriott International’s footprint through Europe where it currently has a portfolio of over 719 properties with over 137,500 rooms across 25 brands. EDITION Hotels currently operates 15 properties in locations around the world, including New YorkWest Hollywood, London, Reykjavík, Madrid, Tokyoand Shanghai.

About Marriott International, Inc.

Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and includes a portfolio of more than 8,000 properties under 30 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses resorts around the world. The company offers Marriott Bonvoy®, its award-winning travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. Plus, connect with us on Facebook and @MarriottIntl ​​on Twitter and Instagram.

About EDITION Hotels

EDITION Hotels is an unexpected and refreshing collection of individualized, personalized and unique hotels that redefines the codes of traditional luxury. Featuring the very best in dining, entertainment, service and amenities “all under one roof”, each EDITION property is completely unique, reflecting the best of the cultural and social milieu of its location and times.

Each hotel, with its individuality, authenticity, originality and unique philosophy, reflects the current spirit and zeitgeist of its location. Although all the hotels are completely different from each other, the brand’s unifying aesthetic lies in its approach and attitude towards the modern lifestyle rather than its appearance. EDITION is about an attitude and how it makes you feel rather than how it looks. Public spaces, finishes, design and sophisticated details serve the experience, not drive it. For an underserved market of affluent, culturally savvy and service savvy guests, the EDITION experience and lifestyle explores the unprecedented intersection and perfect balance between design and innovation of consistent, excellent taste and service on a global scale.

EDITION currently operates 15 hotels around the world: New York and Times Square New York, London, miami beach, Tampa, FloridaWest Hollywood, BarcelonaBodrum, Shanghaisanya, China, Abu Dhabi, dubaiTokyo Toranomon, Reykjavíkand Madrid. Join us on Facebook and Instagram. Visit www.editionhotels.com.

About Bain Capital Credit

Bain Capital Credit is a leading global credit specialist with approximately $48 billion in assets under management. Bain Capital invests in capital structure and across the full spectrum of credit strategies, including leveraged loans, high yield bonds, distressed debt, private loans, structured products, unsecured loans. performance and actions. Our team of more than 240 professionals creates value through rigorous and independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests across all asset classes, including private equity, private equity and venture capital, and leverages the firm’s shared platform to seize opportunities in strategic areas. Visit www.baincapitalcredit.com.

About Omnam Group

Oman (www.omnamgroup.com) is a diversified global real estate investor and developer with an incisive vision to find and develop iconic real estate assets. Omnam’s core expertise lies in medium and large hotels, apartment hotels, residential and mixed-use developments in Europe; its portfolio includes projects in The Netherlands, Belgium, Franceand Italy. Connect with us on Instagram and visit www.omnamgroup.com.

About Kryalos SGR

Kryalos SGR, active since 2005, is one of the main players in the Italian real estate market. With 11.2 billion euros in assets under management and a team of 105 professionals with extensive experience in real estate (offices, logistics, retail, hotel, residential and healthcare), Kryalos SGR offers management services funds, transaction management, development, advisory and credit management services and is a partner of Italian and international leaders. Visit www.kryalossgr.com.

SOURCEMarriott International, Inc.

US Legislation Would Temporarily Ban Algorithmic Stablecoins Like Terra: Bloomberg

House Financial Services Committee leaders continue to negotiate the terms of a bill to regulate cryptocurrency, even as the window for action shrinks further and further as the election nears mid-term.

According Bloombergthe latest bill would ban algorithmic stablecoins like TerraUSD’s Luna for two years, while regulatory agencies conducted a study of “endogenously collateralized” tokens.

“Endogen” means something produced or synthesized within the organism or system. Before TerraUSD and Luna imploded in May, its creators relied on an algorithm to hit or burn Luna to keep TerraUSD’s value steady at $1.

More than $40 billion in value evaporated in a matter of days, and the meltdown became piece A in the crypto critic’s playbook, and intensified interest from lawmakers and regulators.

Previous versions of the bill required stablecoin issuers to maintain 1:1 liquid reserves for all stablecoins in circulation and would also limit the types of assets that could back them.

The latest project, which Bloomberg the notes are currently sitting with the committee chair, Rep. Maxine Waters (D-CA), and may need to be reviewed by ranking member, Rep. Patrick McHenry (R-NC) — going one step further.

The stablecoin bill now offers banks and other financial institutions the ability to issue stablecoins, working with their existing network of regulators. But that network would now also include state-level regulators, giving state-approved stablecoin issuers a 180-day fast track to a federal green light.

The economic news service says the committee could put the bill to a vote as early as next week.

The stablecoin bill has been in the works for months and has been delayed in the past, in part due to concerns raised by Treasury Secretary Janet Yellen. Yellen repeatedly cited the collapse of TerraUSD when calling for greater regulation of the crypto space.

Likewise, Rep. Waters Underline risks of stablecoins earlier this year, saying that “surveys have shown that many of these so-called stablecoins are not, in fact, fully backed by reserve assets”, and that a lack of protection investors could even “threaten the financial stability of the United States”. “

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The Impact of Inflation on Retailers and Consumers – Sourcing Journal

The stock market fell on September 13 in the worst selloff since June 2020. Since then, the market has struggled to regain its footing. The Dow Jones lost nearly 5% of its value this month alone. Ouch. The catalyst for this fall? The consumer price index (CPI) for August. Should we be worried? On the one hand, yes, we should; but on the other hand, the sale should not be surprising.

Let me explain. It looks like the market has gotten ahead by pricing in assumptions that inflation is falling as gasoline prices are falling. However, Wall Street analysts forgot that prices for everything but fuel rose last month. This is because the market has been inflated based on a false assumption that lower fuel prices will lead to lower non-fuel commodity prices. Over time, that might be the case, but in August, oil and non-oil product prices moved in opposite directions.

For clothing, prices increased by 0.2% in August compared to July; gasoline prices fell nearly 11%. So, for the year to August, clothing prices are up 5.1% from the same period in 2021. OK, should we be surprised? Not really. In the world of order execution and supply-demand convulsions, prices remain elevated as it will take time for any price declines to be reflected in the CPI data. Of course, if demand falters, prices will fall sooner rather than later. Oh oh.

Recession around the corner?

This brings us to my next point: it’s not big news that the US economy could slide into recession. And the Federal Reserve’s restrictive monetary policy could make the situation worse. Moreover, many indicators suggest that things are tense now but are about to get worse.

In the world of economic forecasting, what appears to be the case today can suddenly change, distorting all projections. Prognosis is a tricky business, especially when it comes to predicting future consumer behavior. Are we going into a recession? Maybe, maybe not. However, some clues in the current statistics suggest the most likely course for the economy and, by extension, the health of US retail. A few statistics stand out, some widely disseminated, others less so.

We could look at all kinds of statistics compiled by government, academia, and the private sector. There are many series to choose from. But there are a few that are worth mentioning because they provide easy-to-discern indicators of current conditions and imply what might be around the corner.

In search of data

Let’s start with inflation rates for the retail apparel industry. As we discussed, clothing prices rose in August and remain higher in 2022 than in 2021. Check out this chart:

Clothing prices in 2020 are well ahead of 2021. As it looks like inflation will affect the industry for some time, expect deep discounts from retailers as they try to get rid of high stocks. This, in turn, will help moderate consumer inflation rates, to the detriment of retailer margins.

Speaking of inventory, another noteworthy series is apparel retail sales and inventory statistics: a key measure of the relative health of retail.

A ratio above 2 means that the clothing retail trade is struggling to get rid of excess inventory. At 2.22 in July, the industry is under pressure. Moreover, the ratio has increased since last year, compared to 1.77 in July 2021.

Let’s move on to the interest rates the Federal Reserve charges banks. When inflation hits, the Federal Reserve is about to raise interest rates to stifle the beast. Indeed, the ultra-low rates of 2021 have fallen as the Fed raised rates throughout 2022.

Certainly the path ahead for the Fed will be a difficult one. We will know more after the Federal Reserve Board of Governors meets this week, September 21, to decide on a specific rate hike. It could be a significant increase. Yeah.

Interest rate hikes directly affect consumer purchases, which brings us to clothing retail sales. Retail apparel sales have weakened significantly since 2021, when a rebound in consumer spending helped propel transactions. However, in 2022, the rebound has lost steam, as apparel retail sales are sluggish at best:

Overall retail sales increased in August, but clothing retail sales have remained flat since last summer. This indicates that US consumers continue to spend at more subdued levels compared to the post-pandemic boom of 2021. Additionally, any gains in August were primarily due to inflation, not necessarily more SKUs sold. .

But a key driver for retailers will be consumer sentiment. Curiously, low prices don’t always translate into higher sales in times of inflation. Indeed, consumer psychology plays an outsized role in purchasing decisions. For example, in 2022, US consumers expressed concern about the health of the economy and the future financial outlook. You know what I mean:

Consumer confidence appears to have bottomed out in June and has stabilized since. This is a good sign and a leading indicator. If people feel better about their leads, they’ll be more likely to shop and spend. And suppose inflation goes down for essentials, like gasoline? In this case, people will have more disposable income to spend on other products, such as clothes. Of course, perceptions play a huge role, but in 2022 buyers still have to present themselves as they did during last year’s recovery from the pandemic.

Unsurprisingly, wages and employment help shape consumer sentiment. In turn, inflation is driven by supply and demand factors, such as wage growth and low unemployment. Suppose people are at work and receive higher wages for their work. In this case, this will, in theory, translate into increased demand for goods and services. However, an overly tight labor market and increased demand will put considerable pressure on supply chains to meet this demand. In turn, meeting demand will cause prices to rise. Look at this:

Another consideration is the price of raw materials. Oil prices fall, although one would think the opposite would happen in times of inflation. The same goes for cotton. Indeed, between the floods in Pakistan and the drought in Texas, a shortage of supply in more conventional (pre-pandemic) times, prices would soar based on simple market fundamentals. Yet, although futures prices have been rising in recent months, they still haven’t taken off. Why? Ongoing concerns about declining demand for cotton. The same goes for energy raw materials.

The bottom line?

I know the previous section was a bit wonky. Nevertheless, it is essential to put the statistics in context to draw conclusions. In summary, inflationary pressure on prices is stirring up the retail market. Everything seems to cost more, while at the same time unemployment remains low and wages are higher. This suggests an increase in consumer spending power, although retail apparel sales are flat, meaning consumer purchases favor essentials over apparel. In addition, although no longer in free fall, consumer sentiment is at an all-time low, which does little to encourage sellers of consumer discretionary products.

The net result for retailers is uneven consumer demand, higher inventory and deep discounts to encourage consumer spending. Finally, the Fed will likely raise interest rates later this week to contain inflation, although such increases risk tipping the economy into recession. Prices for some commodities, such as cotton and gasoline, have fallen in recent weeks, but this may be a function of weaker demand.

Conclusion: Recession seems more likely than not, as the odds of the Federal Reserve raising interest rates high enough to stall the economy increase. However, we will just have to see if this is a deep recession or just a bump in the road. Time for a road trip. Or maybe not. It looks like we narrowly avoided a nationwide railroad strike. The good news keeps coming, folks.

Claire’s is coming to more Walmart stores – WWD

Claire’s and Walmart take their relationship to the next level.

The accessories brand and mass merchandiser are expanding their partnership, as competition for big-box retailers to carve out a place in the fashion world intensifies.

Claire’s jewelry and accessories can be purchased at Walmart.

Walmart added Claire’s jewelry and accessories to an additional 1,200 locations, bringing the total number of Walmart stores where Claire’s products can be found to approximately 2,500. This is in addition to walmart.com and the approximately 360 Claire’s stores in Walmart stores in the United States.

“Walmart continues to establish itself as a fashion destination with a focus on expanding our assortment of quality, fashionable and accessible apparel and accessories,” said Michelle Gill, vice president of jewelry and accessories at Walmart. “This includes creating innovative shopping experiences like Claire’s stores within Walmart that allow customers to find more of their favorite brands and shop with confidence.”

Claire’s sells jewelry and accessories through more than 30 partner retailers.

Ryan Vero, CEO of Claire’s, added, “Together with Walmart, we’ve created a memorable and exciting way to bring Claire’s to customers who love our brand and those who have the potential to experience all we have to offer. “With these new locations, we’re excited to build on the success we’ve had with our partnership and our own expanding consumer products business to reach more customers where they live and shop.”

Claire’s sells its products through more than 30 retail partners in grocery stores, drugstores, toy stores, specialty apparel and department stores, including Amazon, CVS, Tesco and Galeries Lafayette. The company, which began its partnership with the mass-market chain merchant in 2018, increased its net income by 53% in 2021, compared to 2020, thanks to a resurgence in fashion trends from the 90s and early 1990s. ‘August. Over the past year, Claire’s has also partnered with celebrity stylists and sisters Chloe and Chenelle Delgadillo and hired Kristin Patrick as its new chief marketing officer.

Claire is at Walmart.

Walmart’s interest in Claire’s is just part of the mass merchant’s plans to establish itself as a true fashion store for the masses.

Earlier this month, the Bentonville, Arkansas-based retailer updated its virtual shopping features by adding pattern capability to its app. The company has also invested heavily in expanding its roster of apparel and accessories brands (three of which are $2 billion brands, though the executive declined to specify which) and national brands available at Walmart.

“It’s a full 360° strategy that we’re working on to continue to engage our customers and make Walmart a fashion destination,” Denise Incandela, executive vice president of apparel and private labels at Walmart US, told WWD. in February.

Claire’s sells a variety of jewelry and accessories. Photo courtesy of Claire’s

But Walmart faces fierce competition from Target and TJ Maxx, both of which offer affordable prices and a plethora of clothing and accessory options. Target has 18 of its own apparel brands, including the newest, Future Collective, covering men, women and kids. The company said 10 of its own brands are billion-dollar brands, including women’s activewear brand All In Motion.

Company Highlights: Fed Pain, Student Loans

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WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell bluntly warned in a speech last month that the Fed’s drive to rein in inflation by aggressively raising interest rates “would be a bit of a pain.” On Wednesday, Americans might get a better sense of the pain that might be in store. The Fed is expected to raise its short-term policy rate by a substantial three-quarters point for the third time in a row at its last meeting. Another such big hike would take its benchmark rate – which affects many consumer and business loans – to a range of 3% to 3.25%, the highest level in 14 years.

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How to get a student loan refund if you paid during the pandemic

NEW YORK (AP) — When President Joe Biden announced a student loan debt forgiveness plan, many borrowers who continued to make payments during the pandemic wondered if they had made the right choice. Borrowers who paid off their debt during a pandemic freeze that began in March 2020 can actually get a refund — and then apply for forgiveness. But the process for doing so has not always been clear. The Department of Education says borrowers who hold eligible federal student loans and have made voluntary payments since March 13, 2020 can get a refund.

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US stocks rise ahead of Fed’s planned interest rate hike

NEW YORK (AP) — Stocks closed higher on Wall Street after hovering between small gains and losses for much of the day as investors brace for another sharp rise in interest rates this week from from the Federal Reserve. The S&P 500 rose 0.7% on Monday. The Dow Jones Industrial Average and the Nasdaq also gained ground. Treasury yields rose. Markets were anticipating Wednesday when the Federal Reserve will announce its latest rate decision. It is expected to raise its policy rate, which influences interest rates across the economy, by another three-quarters of a percentage point in its fight against inflation.

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Parts shortage forces Ford to lower Q3 profit forecast

DEARBORN, Mich. (AP) — A parts shortage that has thousands of Ford’s top-grossing vehicles sitting in batches waiting to be fully assembled has forced the automaker to cut its third-quarter profit forecast. Ford said Monday it expects as many as 45,000 vehicles will be missing the necessary parts. Most of them are popular SUVs and truck models, some of Ford’s biggest money-makers. The Dearborn, Michigan-based company now expects third-quarter earnings before interest and taxes to be between $1.4 billion and $1.7 billion. It reported adjusted earnings before interest and taxes of $3.7 billion in the second quarter.

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Volkswagen pegs Porsche IPO at 9.4 billion euros

FRANKFURT, Germany (AP) — Volkswagen has set the price range for the multibillion-euro sale of a minority stake in luxury brand Porsche. The deal will bring in billions to fund the German automaker’s investments in new technologies and businesses, including electric cars, software and services. The company said it was targeting a listing on the Frankfurt stock exchange on September 29 after placing a minority stake with investors including the Qatar Investment Authority. The preferred share price range translates to 8.71 billion to 9.39 billion euros. Volkswagen has launched a major push into electric vehicles and says future profits will increasingly come from investments in electric cars, software and services as traditional internal combustion cars take a smaller share of the market.

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Stolen Grand Theft Auto footage uploaded in hack

NEW YORK (AP) — Video game producer Rockstar Games says early development footage for the next version of its popular Grand Theft Auto title has been stolen in its network hack. A person claiming to be the hacker dumped 90 videos of the theft online and also claimed to have the source code. They were looking to sell the hacked data. The company said in a statement that it does not anticipate any disruption to live game services or any impact to ongoing projects. The hacker claimed to have been involved in the recent Uber hack but offered no evidence.

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OECD: War, virus and climate in Russia are hurting the world’s poorest

WASHINGTON (AP) — Russia’s war on Ukraine, the lingering coronavirus pandemic and the damage of climate change are placing intense pressure on the world’s poorest, the Organization for Economic Co-operation and Development warns. The Paris-based OECD reported that 60 states, territories and places fell into the category of “fragile contexts” last year, meaning they were exposed to economic, environmental, social and political risks. that they did not have the capacity to absorb. And that was before Russia invaded Ukraine and escalated its burden. Monday’s report named the highest number of places in such dire straits since the OECD began publishing its States of Fragility report in 2015.

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FAA rejects airlines’ request to hire less experienced pilots

WASHINGTON (AP) — The federal government has denied a regional airline’s request to hire pilots with half the flight experience typically required. The Federal Aviation Administration says it is in the public interest to meet current standards. Republic Airways asked to hire co-pilots – or co-pilots – with 750 flight hours if they completed Republic’s training program. In most cases, people need 1,500 flight hours to qualify for an airline transport pilot license, although pilots with military experience can qualify at 750 hours. Republic argued that its training would be similar to that of the military.

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European Central Bank will use climate scores to buy bonds

FRANKFURT, Germany (AP) — The European Central Bank said it will give companies climate scores before buying their bonds and intends to prioritize those doing the most to reveal and reduce carbon emissions. greenhouse gas. Monday’s announcement details the bank’s efforts to help Europe meet its environmental goals. The Frankfurt, Germany-based central bank said it was taking action to support the European Union’s climate goals. Companies’ scores would measure progress in reducing past emissions, plans to reduce them in the future, and the completeness of reporting how much greenhouse gas they emit. The ECB and the Bank of England have taken climate change into account more than the US Federal Reserve.

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The S&P 500 rose 26.56 points, or 0.7%, to 3,899.89. The Dow Jones Industrial Average gained 197.26 points, or 0.6%, to 31,019.68. The Nasdaq advanced 86.62 points, or 0.8%, to 11,535.02. The Russell 2000 Small Business Index gained 14.65 points, or 0.8%, to 1,812.84.

Rommy Hunt Revson, who popularized the scrunchie, dies at 78

Rommy Hunt Revson, a struggling New York singer who made her fortune creating the scrunchie, one of the most ubiquitous hair accessories ever invented, died Sept. 7 in Rochester, Minnesota. She was 78 years old.

The cause was a ruptured aorta, said Alan Rothfeld, the attorney for Ms Revson’s estate. He said Ms Revson, who had been in poor health for years, died while undergoing tests and treatment at the Mayo Clinic in Rochester for the hormonal disorder Cushing’s syndrome and Ehlers syndrome. -Danlos, genetic disorders related to the connective tissues of the body.

Ms Revson, who first tried a singing career in Manhattan’s Greenwich Village, created the fabric hair tie in 1986 out of necessity, needing to gently tie her fraying hair.

Recently divorced from Revlon cosmetics heir John Revson, she was unemployed and suffered from hair breakage from a particularly damaging bleach job.

“I was so stressed that my hair was thinning,” Ms Revson told The Washington Post in 1995.

Inspired by the fabric and elastic waistband of her pajama pants, she decided to mimic the design of her hair. She would cover a fabric elastic and use it to hold her hair in place, either in a bun or a ponytail, without damaging her hair.

“I don’t know why, but I became somewhat determined to find an invention that used fabric instead of plastic for hair,” Revson told the Arkansas Talk Business & Politics website in 2016. My friends tried to get me to put it down and go to the beach with them as summer was about to end, but something told me to keep working on this hair accessory.

With a used $50 sewing machine, she made the first prototype — an “ugly” black and gold scrunchie with navy blue thread, she said.

In 1987 Ms Revson patented her design, and after a marketing campaign that saw fashion retailers such as Macy’s and Bloomingdale’s place large orders for the product, the hair accessory caught on. Consumers seemed to admire it for fashion and function. Copycat retailers were soon selling their own versions of the product. (Some accounts point to a man named Philip Meyers as the scrunchie’s inventor in 1963, but he didn’t find a market.)

Thanks to Ms. Revson, the ruffled elastic has adorned the heads of millions of women, including Hillary Clinton, Ruth Bader Ginsburg, Madonna and Britney Spears. This had been discussed in episodes of “Seinfield” “Friends” and “Sex and the City” – and even traveled to space, after American astronaut Pamela Melroy wore a a navy blue to the International Space Station in 2000 and 2002.

“The scrunchie was the most popular hair accessory in the world,” said Lewis Hendler, whose company, L&N Sales and Marketing, was the exclusive licensee of the product from 1989 to 2001, when Ms Revson’s patent expired. During that time, Mr. Hendler’s company paid Ms. Revson about $1 million in royalties a year.

The scrunchie, which originally sold for $1 as a single hair accessory, now sells in multipacks and in every color, pattern and fabric imaginable – velvet, leather, silk, lace, fur, encrusted with pearls. (Upscale retailers, such as Balenciaga, market their versions for $250.)

Ms Revson predicted the accessory’s ubiquity early on, and has spent much of her life arguing – most often in court – for the ruffled hair tie.

“I thought I’d be a bag lady in 10 years saying, ‘Hey, I made those up,'” Ms Revson told The Post in 1995.

Rommy Kolb was born in White Plains, NY on February 15, 1944. As a young woman, she was a singer, songwriter, and piano teacher, and she also performed in Manhattan nightclubs as Rommy Hunter.

Reviewing her 1979 performance at Reno Sweeney, a Greenwich Village cabaret, New York Times music critic John S. Wilson complimented the “fine sense of shading,” adding that she “projects strongly and at different levels” as a performer. She once opened for Frank Sinatra, but the performer lifestyle soon faded, a family member told the Palm Beach Post, and Ms. Revson stopped singing.

According to businessman and designer Leathem Stearn, Ms. Revson sought out Stearn at a party in Manhattan in 1986 to enlist his help in turning the darling idea into a profitable business. Stearn said he helped her improve the design of the hair piece.

Smuggling was rampant because Ms. Revson’s patent was difficult to enforce, said Hendler of L&N Sales and Marketing. First, because it was poorly illustrated, he said, and second, because design patents only protect the appearance of products, not their function, which is the work of utility patents. .

To fight smuggling, his team opted to persuade major retailers to buy scrunchies from them rather than seek legal damages. It worked. Soon most major retailers were buying Hendler company darlings and Ms. Revson was raking in millions of dollars in royalties.

But Hendler said Ms Revson became dissatisfied with that strategy and was persuaded by other advisers to seek damages from retailers – so she took her own licensee to court. She found herself embroiled in litigation and arbitration with Hendler’s company until her patent expired in 2001, after which anyone could legally make a scrunchie.

His four marriages ended in divorce. Survivors include a son, Nathaniel Hunt of New York.

In 1997, Ms. Revson moved to Wellington, Florida. She rode, cooked and entertained for a large circle of friends – often wearing a scrunchie in her hair or on her wrist, and making sure her guests left with one too.

“She always gave them as table favors when she had lunch or dinner,” Kathleen Stallone, a friend of Ms. Revson, told the Palm Beach Post. “You always knew you were going to have a darling.”

Nike: the market is still closed

The clothing giant Nike Inc. (NKE, Financial) has been down slightly since late May, when I wrote that the sharp decline in the share price made the stock more attractive. The 37% decline in value since the start of the year has been painful for shareholders, but Nike remains one of the best companies in its industry, backed by strong brands and strong fundamentals.

The stock is trading at a steep discount to its intrinsic value and should see a return to high growth in the near future. The company also has several decades of dividend growth. Let’s take a closer look at Nike to see why the stock could present a great entry point.

Company history and recent results

Nike has one of the most recognizable brands in the world. The company regularly tops the list of most valuable brands and is often the only apparel company to do so. Indeed, Nike’s reach is extensive, thanks to key partnerships with top athletes and a healthy advertising budget that typically runs around $4 billion a year.

Partnerships and publicity have helped the company grow into a $163 billion giant, often eclipsing the competition. For example, competitors Adidas AG (ADDYY, Financial) and Under Armor Inc. (AU, Financial) have much lower market capitalizations than Nike.

The last quarter was somewhat mixed. Revenue fell 0.9% to $12.23 billion, but that was mainly due to a strong US dollar. Moreover, the results were still $140 million higher than Wall Street analysts’ expectations. Adjusting for exchange rates, sales increased 3% for the quarter. Net income improved 5% to $1.4 billion, but earnings per share fell from 93 cents to 90 cents. It was still 9 cents ahead of expectations.

For the year, revenue increased 5% to $46.7 billion, net income improved 6% and earnings per share increased to $3.66 from $3.56 for the year. 2021. As a reminder, the prior fiscal year showed incredible growth as the company’s markets largely recovered from the worst of the pandemic. Revenue nearly doubled while earnings per share grew 123% in fiscal 2021.

The company had a few weak spots in the quarter, particularly in North America, which saw a 5% drop in sales, and Greater China, which saw a 19% drop. Results were impacted by supply chain constraints in these regions and, in the case of China, Covid-19 related restrictions.

Elsewhere, the results have been quite positive. Gross margins for the year increased 120 basis points to 46% as discount items were limited amid strong consumer demand. Wholesale fell 1%, but most other channels showed growth. Nike Direct grew 14% as digital sales of the Nike brand grew 18%. Owned stores increased by 10%. By region, Asia-Pacific and Latin America grew by 15% and Europe, Middle East and Africa by 9%.

Despite weakness in key markets, earnings per share increased over the prior year. Analysts covering the company expect fiscal 2023 to be similar to the prior period, with expected earnings per share of $3.73, according to Yahoo Finance. Higher wages and a strong dollar will likely weigh on results again. However, analysts see that pain easing going forward with earnings per share for fiscal year 2024 forecast at $4.52.

Ranking against peers

Nike may not show significant earnings growth until 2024, but the stock is still one of the highest rated in its industry.

The company has outperformance potential based on its GF score of 92 out of 100, due to high ratings in the areas of profitability, financial strength and growth.

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Nike gets a 9 out of 10 on profitability from GuruFocus. As shown above, the gross margin is extremely high and more than three quarters of the garment industry. The most recent result is close to the very high end of the company’s 10-year history. Consumers are willing to pay top dollar for Nike products, which should support a high gross margin.

The high profitability ranking is also supported by high returns on equity, assets, invested capital and employed capital. All scores in these areas are above at least 92% of peers. Nike has had 10 consecutive years of profitable results, which is above 99.91% of the competition and shows just how popular the company’s products are with consumers.

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The company’s financial strength rating is 7 out of 10, greatly helped by a return on invested capital of 32.3% which significantly exceeds Nike’s weighted average cost of capital of 7.2%. Nike is one of the best at getting a strong return on its invested dollar. Debt has increased significantly over the past few years, but the company has very high interest coverage, over 75% of the industry. Due to higher debt, the debt-to-equity ratio is below two-thirds of its peers and the cash-to-debt ratio is near the bottom of Nike’s performance over the past decade.

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Nike’s growth ranking is 9 out of 10, with three-year book growth and three-year revenue growth being the main reasons for the high ranking. Almost everywhere else, the company has projections in the middle of the pack. The only exception is future revenue, as the company is expected to grow nearly 10% over the next three to five years. Future earnings per share growth is projected at 12%, which would match the compound annual growth rate for the past decade for the company.

Dividend safety analysis

Shares of Nike are returning a measly 1.1%, even after the S&P 500’s average return of 1.6%. 100% over the past five years, even after the price drop. since the beginning of the year.

Still, the income aspect of Nike is important because the company has shown it can increase its dividend regardless of economic conditions. The company’s dividend growth streak is 20 years. The past decade has seen the dividend grow at a CAGR of 12.2%, which is very much in line with earnings growth. The company has increased its dividend by 10.9% for the payment date of December 28, 2021.

During the past fiscal year, the company paid out dividends of $1.16 per share, which equates to a payout ratio of 32%.

Investors should see at least $1.22 in dividends per share in fiscal 2023, giving Nike an expected payout ratio of 33%. For context, Nike has a 10-year average payout rate of 33%.

As far as free cash flow goes, the dividend also looks safe. Last year, Nike paid out $1.83 billion in dividends while generating free cash flow of $4.43 billion for a payout ratio of 41%. That’s slightly higher than the three-year average payout ratio of 36%, but not yet to a point where dividend safety is a concern.

Another area of ​​concern is the level of indebtedness of the company and the impact this could have on the ability to continue to pay and increase the dividend.

Nike’s interest expense over the past 12 months was $205 million against total debt of $12.63 billion, giving the company a weighted average interest rate of just 1.6% . This is one of the lowest weighted average interest expenses among the companies I have studied.

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Source: Author’s calculation

Nike’s weighted average interest rate would need to reach over 22.1% before free cash flow can cover dividend distributions. With such a low rate at the moment, it seems highly unlikely that debt obligations will have a negative impact on Nike’s dividend in the near future.

Valuation analysis

The decline in share price means that Nike is now trading at a substantial discount to its intrinsic value according to the GF Value chart.

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Nike closed Friday’s trading session at $104.44. Currently, the stock has a GF value of $142.76, giving a GF price-to-value ratio of 0.73. Reaching GF value would mean a 37% gain in stock price. The stock is considered slightly undervalued.

Final Thoughts

Nike’s latest quarter was mixed, but the company still managed to grow from the prior year. The company continues to benefit from high levels of consumer demand despite weakness in some regions. Analysts don’t expect much growth in the coming fiscal year, but Nike should return to its more usual high-growth nature thereafter.

Looking beyond recent results, Nike’s GF score shows it has the potential to deliver a significant return, which is supported by the stock’s GF value. The company is highly rated relative to its peers on a number of important metrics. The dividend may not be generous, but the dividend growth streak and CAGR are impressive.

Given the strength of the company’s metrics and its industry-leading position, the market may have misjudged Nike’s stock based on near-term results. This could provide the opportunistic investor with a good entry point into the name.

The Queen’s love of umbrellas protected her humble style

LONDON – Long live the queen. Long live its classic fashion.

Queen Elizabeth II’s understated, humble style was filled with bold and colorful palettes throughout her 70-year reign until the 96-year-old’s peaceful death last week at her beloved Balmoral Castle .

“There’s a level of humility you don’t expect from someone who is so world famous,” said Fulton Umbrellas CEO Nigel Fulton. “I think it reflects in every aspect of her life, including her dress.”

PHOTOS: QUEEN ELIZABETH II IN GRIEVING RAINBOWS OVER BRITAIN

Fulton’s father, Arnold Fulton, an inventor and mechanical engineer, began designing and producing umbrellas in 1956. The company, which has been around almost as long as the late monarch’s reign, is considered a global brand of rainwear, protecting millions of people from the rain. across Europe, USA, Canada, Russia, Asia, Middle East and Australia every year.

“We spent years developing in wind tunnels,” Fulton said. “Every one of our umbrellas – there’s nothing standard about it. We go top to bottom and look at every component,” Fulton said.

Two of Fulton’s biggest fans were the Queen and her mother, Her Majesty Queen Elizabeth the Queen Mother.

In the 1960s, Arnold Fulton developed the world’s first clear dome umbrella. After collaborating with British fashion designer Mary Quant, the umbrella sold well.

An umbrella is an outdoor performance product. If it doesn’t work in the wind outside, it just goes in the trash.

— Nigel Fulton, CEO of Fulton Umbrellas

But like many fashion items, sales plummeted and by the late 70s sales were so slow that Fulton decided to drop it as a line. When the Queen Mother sought out the British heritage brand umbrella, Fulton brought them back into production.

“And in doing so, we made them fit the queen mother and made the rod slightly thicker so it could be used more like a cane. We made the blanket the size she wanted,” Fulton said. . “Before you knew it, we had an umbrella that the Queen Mother was very happy with.”

A mandate worthy of royalty

After supplying the umbrellas to the Royal Household for five years, they applied for a Royal Warrant – a document that allows a company to supply products and services to the Royal Family. In 1993, they were blessed with a Royal Warrant from the Queen Mother, which lasted for several years.

Fulton made contact with Buckingham Palace in the early 2000s and began a direct supply to the Queen, and it was then that the company began color matching for the Royal Household. The Queen’s main dresser would send Fulton a color swatch of the outfit she would wear before the engagement, and they would create an umbrella with perfectly matching trim.

In 2008 Fulton received the Queen’s Royal Warrant, which is still valid today.

LONDON’S BIG BEN IS NOW ABLE TO RESIST THE FORCES OF MOTHER NATURE AFTER RESTORATION PROJECT

“We put a lot of effort into technology behind an umbrella,” Fulton said. “We take a very scientific approach. An umbrella is an outdoor performance product. If it doesn’t perform in the wind outside, it just goes in the trash.”

Fulton thinks the clarity was what the Queen loved most about the “brolly”, a British nickname for an umbrella.

“It covers her head and shoulders really well. Most importantly, she can be seen while she’s using it, which I think is particularly important,” he said.

The 39th sovereign’s royal engagements to be crowned at Westminster Abbey took her anywhere, and she dressed for every possibility due to the unpredictability of British weather.

‘He’s rocking!’

It all depends on the weather in the UK, Fulton said, and when it “rocks”, as Britons like to say, the rain is a nice part of it.

According to UK Met Office data, London has an average of 112 days of measurable rain (>1mm, >0.39in) per year. October-January sees the wettest days on average, with January being the highest (around 11 days of the month see measurable rain).

“We have very interesting weather. It’s variable,” Fulton said. “We can have four seasons in one day. It can go from very sunny to rainy, windy in literally five minutes and then back to sunny. And then we can have hail.”

HOW THE EXPRESSION “THE TIME OF THE QUEEN” MEANS FINE WEATHER

When the weather turned less beautiful, the Queen was regularly spotted holding Fulton’s iconic $26 transparent birdcage-style umbrella as she carried out her more than 21,000 engagements, connecting more than 2 billion people around the world .

timeless love

Fulton imagines that the longest-reigning monarch in British history felt the personal nature of umbrellas.

“These are personal items that the Queen used with her own hands, and I think she always felt this emotional attachment to them,” he said.

QUEEN ELIZABETH II: A SUPPLIER OF SPACE EXPLORATION

Although Fulton said he hadn’t counted the number of Fulton umbrellas the Queen had owned over the years, it was a beautiful rainbow of colors.

Catherine, Princess of Wales, also owns several, as do Meghan, Duchess of Sussex, and Camilla, Queen Consort. The Queen had by far the largest collection.

“We’re known in the royal household as the kind of go-to umbrella supply,” Fulton said.

The Queen also hated rubbish, which is why Fulton said he was confident it would not be thrown away. What will happen to them now is unknown.

Queen Elizabeth II’s state funeral will take place at Westminster Abbey at 6 a.m. EDT on Monday. Towards the end of the service, the last message will sound, followed by two minutes of silence across the UK

Her Majesty The Queen will be buried alongside her husband of nearly 74 years, Prince Philip, at the King George VI Memorial Chapel at Windsor Castle.

And it will be a reunion as beautiful and timeless as Her Majesty’s remarkable fashion.

As “Buy Now, Pay Later” Plans Grow, U.S. Chargebacks Also Rise

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Americans have become fond of “buy now, pay later” services, but the “pay later” part is becoming increasingly difficult for some borrowers.

Buy now, pay later loans allow users to pay for items such as new sneakers, electronics, or luxury goods in installments. Companies such as Affirm, Afterpay, Klarna, and PayPal have created popular financial products around these short-term loans, especially for young borrowers who fear endless credit card debt.

Now, as the industry accumulates customers, chargebacks are on the rise. Inflation squeezes consumers, making it harder to pay off debt. Some borrowers do not budget properly, especially if persuaded to take out multiple loans, while others may have been credit risks to begin with.

“You have an industry with a higher concentration of subprime borrowers in a market that hasn’t been tested effectively by [this type of economy]and you have some sort of toxic brew of concerns,” said Fitch Ratings analyst Michael Taiano, who co-authored a report in July highlighting some of the industry concerns.

The most popular type of buy now, pay later loan allows for four payments over six weeks – one payment at the time of purchase and three more that borrowers often try to synchronize with pay periods. Longer term loans for larger purchases are also available. Most short-term loans bear no interest. Companies that charge interest can clearly state in advance how much a borrower will pay in finance charges.

Given these characteristics, consumer advocates and financial advisors initially saw buy now, pay later plans as a potentially healthier form of consumer debt if used correctly. The main concern was late fees, which could be a heavy financial burden on a small purchase if a borrower was late on a payment. Fees can reach $34, plus interest. But now that chargebacks are on the rise and companies are more aggressive in marketing their products, advocates see the need for additional regulation.

The industry is growing rapidly, according to a report released Thursday by the Consumer Financial Protection Bureau. Americans took out about $24.2 billion in loans under buy-it-now, pay-later programs in 2021, up from just $2 billion in 2019. That industry-wide figure is not expected than climb even more. Klarna customers purchased $41 billion worth of products on its service globally in the first six months of the year, up 21% from a year ago. At PayPal, revenue from its “buy now, pay later” services more than tripled in the second quarter to $4.9 billion.

Jasmine Francis, 29, a technology analyst based in Charlotte, North Carolina, said she first used a ‘buy now, pay later’ service in 2018 to buy clothes from the fast fashion brand Forever21.

“I remember I just had a cartload,” she said. “At first I thought, ‘Something has to go back’, then I saw Afterpay at checkout – you don’t pay for everything right now, but you get it right away. It was from music to my ears.”

It is unclear to what extent clients are using buy now, pay later loans healthily. Fitch found that chargebacks on these services rose sharply in the 12 months ended March 31, while chargebacks on credit cards remained stable.

“This upward trend in delinquencies continues,” CFPB director Rohit Chopra said on a call with reporters.

Credit reporting company TransUnion found that buy now, pay later borrowers are using the product just as much as credit cards, racking up debt on top of additional debt. A Morning Consult poll released this week found that 15% of buy now, pay later customers use the service for routine purchases, such as groceries and gas, a pattern of behavior that is ringing alarm bells at home. financial advisers. The CFPB report also found that a small but growing number of Americans also use these products for routine purchases.

“If these buy now, pay later plans aren’t budgeted properly, they can have a cascading impact on a person’s entire financial life,” said André Jean-Pierre, a former Morgan Stanley wealth adviser who now runs his own financial planning company focused on helping black Americans save and budget properly.

FILE – Basketball sneakers are seen during a game, in Chicago, Illinois, March 29, 2022. “Buy now, pay later” loans allow users to pay for expensive consumer goods, even sneakers , in several installments.

Another concern of consumer advisors and advocates, as well as lawmakers and regulators in Washington, is the ease with which consumers can layer on these installment loans.

Speaking at a Senate Banking Committee hearing Tuesday on new financial products, Democratic Sen. Sherrod Brown of Ohio highlighted the benefits of plans that allow consumers to pay for things in installments. But he also criticized the way the industry promotes the plans.

“The ads encourage consumers to use these bundles for multiple purchases, across multiple online stores, racking up debt they can’t afford to repay,” Brown said.

Short-term loans are potentially problematic because they are not reported on a consumer’s credit profile with Transunion and Experian. Additionally, buy now, pay later, industry customers are young, which means they have little credit history. Hypothetically, a borrower could take out multiple short-term loans on multiple purchases now, pay businesses later — a practice known as “loan stacking” — and they would never show up on a credit report. If a person puts in too many buy now, pay later items, budgeting can be difficult.

“It’s a blind spot for the industry,” Fitch’s Taiano said.

In a statement, the industry trade group “buy now, pay later” pushed back on the characterization that its products could burden borrowers with too much debt.

“With zero to low interest rates, flexible payment terms and transparent terms and conditions, BNPL helps consumers manage their cash responsibly and live healthier financial lives,” said Penny Lee, CEO of the Financial Technology Association.

Meanwhile, providers of buy-it-pay-later services see rising chargebacks as a natural consequence of growth, but also an indication that inflation is hitting the Americans most likely to use these services the most. harder.

“We’ve seen some stress (among those with the lowest credit scores), and those are starting to struggle,” said Max Levchin, founder and CEO of Affirm, one of the largest businesses that buy now, pay later.

“I wouldn’t call it some sort of preamble to a potential slowdown, but it’s not the same kind of smooth sailing,” he said, adding that Affirm is taking a more conservative approach to loans.

Buy now, pay later took off in the United States after the Great Recession. Analysts said the product was largely untested during a large period of financial hardship, unlike mortgages, credit cards or car loans.

Despite these concerns, the consensus is buy now, pay later, companies are here to stay. Affirm, Klarna, Afterpay, which is owned by Block Inc., as well as PayPal and others are now widely integrated into internet commerce.

Moreover, the growth of the industry attracts more and more players. Tech titan Apple announced earlier this summer Apple Pay Later, where users can make purchases on a four-payment plan over six weeks.

“I usually schedule the purchases I make using PayPal ‘Pay in 4’ so that my due dates for purchases land on my payment dates because due dates are every two weeks,” said said Desiree Moore, 35, of Georgia.

Moore said she tries to use buy-it-now, pay-later plans to cover purchases that aren’t part of her usual monthly budget, so as not to take money away from her children’s needs. She is increasingly using the plans with inflation making items more expensive and so far able to keep up with the payments.

Francis, the technical analyst, said it is now common for his friends to pay for trips with installment loans, so as not to completely empty their bank accounts in an emergency.

“If I come back from vacation and I have two flat tires, and I just spent all that money on plane tickets, that’s $400 that you don’t have right now,” he said. she stated. “Most people don’t have any savings. They only have enough for those flat tires.”

Street photographer: Leong Su Shan

I’m one of those people old enough to remember when Bill Cunningham was the world’s only famous street photographer. Cunningham has spent nearly four decades producing gorgeous, fashion-focused street portraits for The New York Times. For years he was the sole pioneer of his beloved craft.

Then, in the early 2000s, former fashion executive Scott Schuman started photographing street style images and posted them on a blog he called The Sartorialist. The site’s success propelled Schuman to internet stardom and soon street photographers were haunting the sidewalks of the world’s most fashionable cities – Paris, Milan, New York Tokyo – and were gathering in droves before and after the notable fashion shows.

Leong Su Shan, 27, is perhaps the only Singaporean street style photographer on this tour. She has appeared on some of the most prestigious shows in the world and for some of the industry’s most respected publications. She has photographed icons young and old, Anna Wintour, editor-in-chief of American Vogue, and model designer Alexa Chung, for example.

During the pandemic, with travel halted and fashion events cancelled, Leong worked in her family’s wholesale and distribution business. company in the construction sector. There, she was responsible for purchasing and IT, as well as the company’s COVID-19 protocols.

“I chose to work in the company because it gives me the freedom to pursue my dream while contributing to my family. It’s a win-win situation for all parties,” she said.

“I had the opportunity to witness the business environment before and after the pandemic…especially during the peak of the pandemic when countries were placed on lockdown and the supply chain and freight have been severely impacted. We have had to think of new ways to diversify our supply chains and meet customer demands.”

Now that the world is opening up again, Leong is back on the road. CNA Lifestyle caught up with her between shows.

As “buy now, pay later” plans grow, so do late payments

A 65-inch television is shown in a warehouse, June 17, 2021, in Lone Tree, Colorado. Buy now, pay later loans allow users to pay for items such as new sneakers, electronics, or luxury goods in installments. (David Zalubowski, Associated Press)

Estimated reading time: 7-8 minutes

NEW YORK — Americans have become fond of “buy now, pay later” services, but the “pay later” part is becoming increasingly difficult for some borrowers.

Buy now, pay later loans allow users to pay for items such as new sneakers, electronics, or luxury goods in installments. Companies such as Affirm, Afterpay, Klarna, and PayPal have created popular financial products around these short-term loans, especially for young borrowers who fear endless credit card debt.

Now, as the industry accumulates customers, chargebacks are on the rise. Inflation squeezes consumers, making it harder to pay off debt. Some borrowers do not budget properly, especially if persuaded to take out multiple loans, while others may have been credit risks to begin with.

“You have an industry with a higher concentration of subprime borrowers in a market that hasn’t been effectively tested (that kind of economy), and you have a kind of toxic brew of worries,” Michael Taiano said. , an analyst at Fitch Ratings, who co-authored a report in July highlighting some of the industry’s concerns.

The most popular type of buy now, pay later loan allows for four payments over six weeks – one payment at the time of purchase and three more that borrowers often try to synchronize with pay periods. Longer term loans for larger purchases are also available. Most short-term loans bear no interest. Companies that charge interest can clearly state in advance how much a borrower will pay in finance charges.

Given these characteristics, consumer advocates and financial advisors initially saw buy now, pay later plans as a potentially healthier form of consumer debt if used correctly. The main concern was late fees, which could be a heavy financial burden on a small purchase if a borrower was late on a payment. Fees can reach $34, plus interest. But now that chargebacks are on the rise and companies are more aggressive in marketing their products, advocates see the need for additional regulation.

Basketball sneakers are seen during a game, March 29, in Chicago.  Buy now, pay later loans allow users to pay for items such as new sneakers, electronics, or luxury goods in installments.
Basketball sneakers are seen during a game, March 29, in Chicago. Buy now, pay later loans allow users to pay for items such as new sneakers, electronics, or luxury goods in installments. (Photo: Charles Rex Arbogast, Associated Press)

The industry is growing rapidly, according to a report released Thursday by the Consumer Financial Protection Bureau. Americans took out about $24.2 billion in loans under buy-it-now, pay-later programs in 2021, up from just $2 billion in 2019. That industry-wide figure is not expected than climb even more. Klarna customers purchased $41 billion worth of products on its service globally in the first six months of the year, up 21% from a year ago. At PayPal, revenue from its “buy now, pay later” services more than tripled in the second quarter to $4.9 billion.

Jasmine Francis, 29, a technology analyst based in Charlotte, North Carolina, said she first used a ‘buy now, pay later’ service in 2018 to buy clothes from the fast fashion brand Forever21.

“I remember I just had a cartload,” she said. “At first I thought, ‘Something has to go back’, then I saw Afterpay at checkout – you don’t pay for everything right now, but you get it right away. It was from music to my ears.”

It is unclear to what extent clients are using buy now, pay later loans healthily. Fitch found that chargebacks on these services rose sharply in the 12 months ended March 31, while chargebacks on credit cards remained flat. And according to the CFPB, a growing percentage of the loans the industry makes are being written off — or loans it considered so delinquent they were likely uncollectible. The industry charge rate was 2.39% in 2021, a figure that is now likely higher given the economic turmoil this year. In 2020, this figure was 1.83%.

“This upward trend in delinquencies continues,” CFPB director Rohit Chopra said on a call with reporters.

Credit reporting company TransUnion found that buy now, pay later borrowers are using the product just as much as credit cards, racking up debt on top of additional debt. A Morning Consult poll released this week found that 15% of buy now, pay later customers use the service for routine purchases, such as groceries and gas, a pattern of behavior that is ringing alarm bells at home. financial advisers. The CFPB report also found that a small but growing number of Americans also use these products for routine purchases.

“If these buy now, pay later plans aren’t budgeted properly, they can have a cascading impact on a person’s entire financial life,” said André Jean-Pierre, a former Morgan Stanley wealth adviser who now runs his own financial planning company focused on helping black Americans save and budget properly.


If these buy now, pay later plans aren’t budgeted properly, they can have a cascading impact on a person’s entire financial life.

–André Jean-Pierre, former wealth advisor at Morgan Stanley


Another concern of consumer advisors and advocates, as well as lawmakers and regulators in Washington, is the ease with which consumers can layer on these installment loans.

Speaking at a Tuesday Senate Banking Committee hearing on new financial products, Sen. Sherrod Brown, D-Ohio, highlighted the benefits of plans that allow consumers to pay for things in installments. But he also criticized the way the industry promotes the plans.

“The ads encourage consumers to use these bundles for multiple purchases, across multiple online stores, racking up debt they can’t afford to repay,” Brown said.

Short-term loans are potentially problematic because they are not reported on a consumer’s credit profile with Transunion and Experian. Additionally, buy now, pay later, industry customers are young, which means they have little credit history. Hypothetically, a borrower could take out multiple short-term loans on multiple purchases now, pay later businesses — a practice known as “stacking lending” — and they would never show up on a credit report. If a person puts in too many buy now, pay later items, budgeting can be difficult.

“It’s a blind spot for the industry,” Fitch’s Taiano said.

In a statement, the industry trade group “buy now, pay later” pushed back on the characterization that its products could burden borrowers with too much debt.

“With zero to low interest rates, flexible payment terms and transparent terms and conditions, BNPL helps consumers manage their cash responsibly and live healthier financial lives,” said Penny Lee, CEO of the Financial Technology Association.

Meanwhile, providers of buy-it-pay-later services see rising chargebacks as a natural consequence of growth, but also an indication that inflation is hitting the Americans most likely to use these services the most. harder.

“We’ve seen some stress (among those with the lowest credit scores), and those are starting to struggle,” said Max Levchin, founder and CEO of Affirm, one of the largest businesses that buy now, pay later.

“I wouldn’t call it some sort of preamble to a potential slowdown, but it’s not the same kind of smooth sailing,” he said, adding that Affirm is taking a more conservative approach to loans.

Buy now, pay later took off in the United States after the Great Recession. Analysts said the product was largely untested during a large period of financial hardship, unlike mortgages, credit cards or car loans.

Despite these concerns, the consensus is buy now, pay later, companies are here to stay. Affirm, Klarna, Afterpay, which is owned by Block Inc., as well as PayPal and others are now widely integrated into internet commerce.

Moreover, the growth of the industry attracts more and more players. Tech titan Apple announced earlier this summer Apple Pay Later, where users can make purchases on a four-payment plan over six weeks.

“I usually schedule the purchases I make using PayPal ‘Pay in 4’ so that my due dates for purchases land on my payment dates because due dates are every two weeks,” said said Desiree Moore, 35, of Georgia.

Moore said she tries to use buy-it-now, pay-later plans to cover purchases that aren’t part of her usual monthly budget, so as not to take money away from her children’s needs. She is increasingly using the plans with inflation making items more expensive and so far able to keep up with the payments.

Francis, the technical analyst, said it is now common for his friends to pay for trips with installment loans, so as not to completely empty their bank accounts in an emergency.

“If I come back from vacation and I have two flat tires, and I just spent all that money on plane tickets, that’s $400 that you don’t have right now,” he said. she declared. “Most people don’t have any savings. They only have enough for those flat tires.”

contributor: Cora Lewis

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Apparel industry experts invest in the industry

In the Indian apparel and textile industry, start-ups have a strong presence in many segments and dominate the B2B, B2C markets and D2C brands. These start-ups, small or giant, receive millions of dollars in funding from global venture capital firms as well as Indian investors. Interestingly, there are a few angel investors who have deep understanding and involvement in apparel manufacturing and retail. Vineet Gautam, CEO, Bestseller India; Ananth Narayanan, Founder, Mensa Brands; Anand S Ahuja, MARYLAND, Shahi Exports; Pallak Seth, Founder and Vice President, Limited PDS and Neeraj Goenka, Director, Export Industries are some of them. Apart from funding, supporting investors is also very important for start-ups and this is where these industry experts add extra value to start-ups with their know-how, experience, network and global understanding. of the garment. Trade.

Funding of various start-ups

As for funding from apparel industry stalwarts, several start-ups have benefited. Retail virtuoso Vineet Gautam has invested in B2B marketplace Groyyo and luxury fashion omnichannel e-commerce platform Purple Style Labs. Anand S Ahuja and his wife Sonam Kapoor Ahuja (having their own fashion brand Rheson) support market leader Fashinza. Pallak, an angel investor since 2010, enjoys helping ambitious founders resolve market frictions and leverage technology as an angel investor alongside trusted partners. He has co-invested alongside Sequoia Capital, Sierra Ventures, Social Capital, Storm Ventures, Sherpa Ventures, and more, and helped entrepreneurs through client, co-investor, and partner pitches.

Push to invest in start-ups

Investing in start-ups is understandably the preferred choice for apparel industry stalwarts, as platforms such as Fashinza and Groyyo have gained momentum due to Covid disruptions, and with a strong technology base, the future is definitely in B2B markets. People’s push for sustainability is increasing the reach of rental platforms for Stage 3 designer clothes while luxury business and those via omnichannel are normally growth oriented. The rapid growth of start-ups like Purple Style Labs, which has achieved 50x growth in the past 4 years, is further motivating industry stalwarts to invest in them. Overall, from start-up to different rounds of funding, the performance of start-ups and their execution of an idea is an important aspect for investors.

Anand’s main areas of investment are the internet market and e-commerce, but at the same time he is a strong believer in sustainable fashion. Its funding to Fashinza illustrates its support for the marketplace and sustainability, as Fashinza claims to take all necessary steps to reduce its impact on society and the environment. Its partners are encouraged to use sustainable fabrics produced without the use of harmful chemicals.

Another prominent industry figure who is also an investor is Neeraj Goenka, director of Texport Industries and co-founder of the Robert Graham brand. Having good exposure to apparel export as well as international retail, Neeraj has invested in five apparel start-ups. D2C brand aggregator GOAT Brand Labs, Threadsole software solutions (acquired by Coats) are some of them.

“The five apparel-related start-ups I have funded are doing well. is a relatively difficult category and B2C has more reach. For me, to invest in a start-up, the most important thing is a product. It must be as attractive as for the masses and scalable,” says Neeraj, who also remained on the board of Venture Nursery (VN), India’s first angel-backed start-up accelerator, and has been a member of the Indian Angel Network since 2013.

Value Added by Apparel Industry Experts

Early-stage start-up funding allows an investor to derive maximum benefit from a start-up’s ideas. Unique ideas with innovative answers to real world problems, product uniqueness, market opportunities and scalability are some of the key areas for an investor. Along with all these aspects, the team and overall management of the start-up is also very important.

And against investing in start-ups, on average, investors expect to get at least five times (normally in 3-5 years) what they invested. Investors take a higher risk when making the decision to invest and part of this risk is also the potential failure of a start-up, which will result in the investor losing all or part of his investment. In this whole scenario, investor advice plays an important role in the growth of start-ups.

Neeraj shares that being from the apparel industry, he surely adds extra value to start-ups, especially related to the manufacturing and sourcing front, which saves them time and resources and increases opportunities for them. All in all, it makes it easier for them.

Not just angel investors

Although there are mainly angel investors with experience in the clothing industry, the giant clothing company PDS Limited, with a turnover of 1.185 billion US dollars, is actively investing in start-ups. start-ups that offer a variety of solutions across the fashion supply chain. “Some of the investments include a technology-driven approach to growing high-quality, sustainable cotton with 80% less water and fertilizer; a brand review platform that makes it easier for consumers to buy ethical and sustainable fashion; and a smart shopping network that drives more sustainable business practices,” the company states in its annual report.

PDS’ early investments are aimed at fostering the development of agile solutions for the future. Investing in opportunities aligned with our focus areas helps future-proof the business and create long-term value. Through PDS Venture Tech Investments, he has three collaborations – True PDS Fund with a major focus on sustainable and digital fashion and consumer brands. Apex Black VC Fund is for AI/ML-backed deep tech companies working on science breakthroughs and business model disruptions.

Similarly, PDS Impact Fund, in association with Yellow Octopus, is a circular fashion impact fund focused on investing in sustainability throughout the fashion supply chain. The company also partners with leading funds to co-invest in selected opportunities.

It has invested in Filkor Limited, which has developed a product destruction process that allows high-end fashion houses to turn their waste and excess inventory into an aggregate which is then 100% recycled into a variety of other uses such as brick slips, shop fittings. , and other artistic and functional objects. Few digital-focused consumer brands have also secured investment from the company, such as Bedfolk, Maude overseas. While in India, she invested in Mumbai-based Verandah, a conscious luxury resort and swimwear line.

Kourtney Kardashian Joins Sustainable Fashion Designers Ahead of NYFW

Vogue’s September issue has dropped, New York Fashion Week is over and Fashion Month continues across the pond – it’s officially wardrobe season.

As models, celebrities and influencers parade down the catwalks with the latest fashion trends, some brands, including Patagonia, are racing to fight climate change, making the Earth their “sole shareholder”. But others, like fast-fashion retailer Boohoo, are looking to sustainability, hoping to lean on the help of celebrities to win over shoppers.

Kourtney Kardashian faced a swift backlash after announcing her collaboration with Boohoo a week before her collection launched on Tuesday with her New York Fashion Week show. The Poosh founder addressed the criticism, release a statement about the changes she hopes to make as Boohoo’s newest sustainability ambassador.

“I invite all experts who have ideas, suggestions … to contact me,” Kardashian wrote on Instagram Tuesday. “I want to help out and from my experience working with the team I work with at Boohoo, they do too.”

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As Kardashian’s older sister calls to help Boohoo deliver on its sustainability promise, many brands are taking action now and have been doing so for some time.

“When looking generally at how you can become more sustainable…you only have to choose one at a time,” said Barrett Ward, CEO of sustainable fashion brand Able. “You can’t try to pretend you do everything in the world.”

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Kate Spade makes ’90s heritage relevant and eco-friendly

Industry pressure to create innovative fashion collections every season can be counterproductive to limiting waste. Fashion houses such as Fendi and Kate Spade are reintroducing old handbag collections and renewing them.

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Kate Spade’s presentation at New York Fashion Week on September 9 included a reissue of Kate Spade’s 1993 Sam bag, one of the first handbags launched by the brand, an ode to its 30th anniversary.

While the 90s are all the rage, the old-but-new bag is even more relevant for 2022 with lasting improvements.

Ziwe, Regina Hall, Rebel Wilson, Ava Phillippe, Maitreyi Ramakrishnan and Ella Travolta wearing Kate Spade and carrying the reinvented Sam bag.

“There is (a) 100% recycled polyester shell, including the liner,” Kate Spade said. says Jennifer Lyu, senior vice president and head of design. She adds that the material changes made by Kate Spade “will encourage all sizes of businesses to participate in this great effort.”

“Having such a big company do this is important because we’re all fighting the vendor to be more innovative,” says Lyu.

Tom Mora, senior vice president and head of design for lifestyle categories at Kate Spade, says the durability of Kate Spade bags also lies in the longevity of the design – maybe the Sam bag at the back of your closet may be trending again.

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“People talk about how they’ve had Kate Spade bags for 20 (or) 30 years,” Mora says. “Some people give them to their daughters when they’re old enough and it’s a great story because it becomes like an heirloom.”

Rising handbag brand Vavvoune takes a second-generation approach to luxury

As old handbag brands resurface with their earlier designs for sustainability, budding brands are finding a way to create a “new level of luxury” using the remnants of haute couture.

Valérie Blaise’s Vavvoune creates handbags and leather goods from the unsold pieces that luxury brands use in their designs. Blaise says she got the idea when she was making her bags by hand as early as 2015 with expensive leather bought in New York and noticed how much trash was left.

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“Since I’m a small designer and don’t need to buy very large quantities of leathers, it (made) sense for me to reuse those unused leathers and recycle them into my design,” Blaise says of materials that have gone unused after the manufacture of a product.

Blaise leather sources come from leftover Italian leathers used by luxury brands such as Gucci and Jil Sander. Her second-generation luxury bags were on display in the Black in Fashion Council showroom during New York Fashion Week, introducing “a new level of luxury.”

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Valérie Blaise creates her Vavvoune bags using leather scraps from luxury brands in order to upgrade their scraps.

In the world of the sustainability trend, “vegan leather” is sometimes touted as an alternative to leather, but Blaise says “leather is durable”.

“It’s a by-product of the meat industry. And if we choose not to wear leather, guess what? There’s going to be tons and tons of skin left over,” she says. “Even if we stop eating meat here in the United States, what about the rest of the world?

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Blaise notes that some vegan leathers are made from plants, but adds that it “frustrates” her that some are also made from plastic.

Valérie Blaise, designer of handbag brand Vavvoune, wants luxury fashion to be more sustainable.

When it comes to fashion’s march towards sustainability, Blaise says the industry needs to be more “thoughtful” and “innovative”.

“The only way to be truly sustainable is for everyone to walk around naked, which isn’t going to happen,” she says. “I also think that the consumer is also responsible.”

For Able, sustainability means fair wages

Premium brands often claim that durable products need higher price tags. Executives at Nashville-based brand Able say there’s some truth to that, but a brand’s practices need to be scrutinized, especially on the supply chain side.

On average, garment workers earn 45% less than a living wage, according to a 2022 study by the WageIndicator Foundation, a labor transparency organization. Fashion Revolution, a global initiative to fix fashion sustainability, ranked fast fashion retailer Fashion Nova and luxury fashion brands Tom Ford and Max Mara among the worst performers in its 2022 report for disclosure. of their policies on human rights and environmental operations.

Barrett Ward and Jen Milam of Able stress the importance of paying garment workers a living wage.

Able offers obvious sustainable options with its clothing and handbag repair programs and a size exchange collection. But the brand also stresses the importance of paying apparel manufacturers a living wage for sustainability and the “slow fashion movement”.

Ward says well-paid workers often drive up the price of clothes, but Able’s Jen Milam warns shoppers about the high prices of some high-end luxury brands without workers seeing much of the money flow.

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“It’s worth asking yourself questions” and asking “thoughtful questions,” says Milam, the brand’s vice president of marketing and sales. “How are people in (the) supply chain affected by my purchase?”

The “Project Runway” Alum’s Sustainable Fashion Is DIY

Wanting to make your wardrobe more sustainable doesn’t always require paying a premium, especially for designers like Gunnar Deatherage, who create clothes from thrift store finds.

One of Deatherage’s creations, a runway-ready dress made from bed sheets he saved, was exhibited during New York Fashion Week for YouTube’s recycling event.

The “Project Runway” (season 10 and Allstars season 4) alum credits his passion for DIY clothing to his creative grandparents and “a very humble upbringing” and encourages others to try luxury looks a la house by offering its design templates on the subscription platform. Patreon.

“I think financially a lot of people are in more trouble than they’ve been in the past,” Deatherage says.

He notes that as luxury brands such as Schiaparelli and Mugler become coveted closet items, people are hungry to find economical and eco-friendly dupes.

“(If) I can buy something from a thrift store and turn it into something that other people will be happy and proud to wear. I think there’s a lot of power in that,” he says.

Another “Project Runway” alum:Christian Siriano’s front row at NYFW includes Janet Jackson, singer also honored at Harlem’s Fashion Row

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What happens to Queen’s money now? Corgis, castles and purses in the mix

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Queen Elizabeth II died last week – but what will happen to her assets and investments, and how rich was she really?

chris jackson | Chris Jackson collection | Getty Images

“What will happen to his corgis? is one of the many questions raised since the death of Queen Elizabeth II. The dogs, which the Queen spent decades raising, have been popping up on social media around the world and Google searches for them and their future have skyrocketed by almost 200%, according to Google.

That question has now been answered – the Queen’s son Prince Andrew and his ex-wife Sarah Ferguson (who still live together despite their divorce) will welcome them, a spokesperson for the couple has confirmed to the BBC. But what else did the queen own, how much was she worth, and what happens to her now that she is dead?

No one knows the Queen’s exact net worth – Britain’s Sunday Times estimated her wealth at £370m ($426m) on its 2022 rich list, up £5m from 2021 , a rise the newspaper linked to the Queen’s stock market investments. In 2021, Forbes suggested she had $500 million in assets.

There are two main reasons why it is so difficult to estimate one’s wealth. First, there is no official breakdown of its investments and assets. And secondly, some of the things the queen “owned” actually belong to the ruling monarch – whoever that is – or to the “royal institution” or “royal enterprise”, which sees the royal family more as a commercial entity, with support staff and Capitale.

Using publicly available information, we can gain insight into the late monarch’s vast wealth, held both privately and through the royal society, but the queen’s exact net worth is still shrouded in mystery. and specific numbers will likely never be released.

The Queen’s property – and why King Charles II doesn’t have to pay inheritance tax on her share

Sandringham House is one of the royal residences owned by Queen Elizabeth II.

David Godard | Getty Images News | Getty Images

Balmoral Castle in Scotland, where the Queen spent her final days, and Sandringham House in the English countryside – which sits on a 20,000-acre estate – were two of her royal private residences.

This makes them unusual – other famous royal buildings like Buckingham Palace and Windsor Castle belong to the reigning monarch as part of the royal institution.

The Queen was also a private owner of the Duchy of Lancaster, which consists of 45,000 acres of land and includes many farms, castles and commercial buildings. He is worth £652.8m and made a profit of £24m last year, according to Duchy financial records.

Due to a law passed in 1933, King Charles III automatically inherits the estate and does not have to pay inheritance tax – usually set at 40% for properties worth more than £325,000 (377 $000) in Britain. Paying taxes on the Duchy alone would therefore have cost him an estimated £262.2m ($300m) in tax.

Not just Corgis: racehorses, swans, whales and more

Corgis weren’t the only dogs the Queen owned and loved – throughout her life she kept at least 30 Labradors, Cockers, Corgi mixes and, of course, Corgis.

The Queen has spent decades raising her beloved Corgis.

PA Images via Getty Images

She also loved horses and it is estimated that she owned over 100 throughout her life, many of which were racehorses. Earlier this year, sports betting platform OLBG estimated that Queen’s racehorses had won her £8.7 million ($10 million) since 1988. According to the data, she won £584,399 ($671,936) in 2021 alone.

Rumors still swirl about who will take care of the horses now. The Mail on Sunday reported that it is likely to be the King’s wife, Queen Consort Camilla, while a source told the New York Post that the Queen’s daughter, Princess Anne, and daughter from Anne, Zara Tindall, both Olympic equestrians, would take over.

The Queen also owns British swans – or more precisely, all unmarked swans that live in open water bodies in England and Wales – as well as whales, sturgeons and porpoises living within three miles. from the British coast. These have now all passed down to King Charles, as they technically belong to the monarch.

The style of the queen: from handbags to jewelry

The Queen was rarely seen without a small handbag, often matching her coat and hat. Most often, she wore bags from luxury brand Launer London – including in the latest published photo of her. The company’s CEO told the Daily Mail in 2016 that the Queen owned at least 200 of the bags – which cost around £2,000 each, according to Launer’s website.

As is the case with his famous color-coordinated coats and hats, it’s unclear how much his entire collection is worth and what will happen to his clothes and accessories now.

Queen Elizabeth II in her matching classic outfit, with a Launer London bag.

Photo by Max Mumby/Indigo | Getty Images Entertainment | Getty Images

The collection of royal jewelry, on the other hand, is vast and includes hundreds of crowns, tiaras, earrings, bracelets, brooches and necklaces covered in precious stones and diamonds that are worth millions. Some of the items belonged to the Queen privately, including those she inherited from her mother, and others belong to the serving monarch and will therefore be passed on to King Charles.

From blue chip investments to cars to stamp collections

High-end cars are also among the Queen’s assets – since learning to drive in World War II, she’s built up an extensive collection of cars including bespoke Bentleys, vintage Rolls-Royces, Jaguar as well as Land Rovers. Together, vehicles are worth millions, but ownership is again split between the Queen’s private wealth and that of the royal business or institution.

The situation is similar for the Royal Art Collection, which contains thousands of drawings, paintings and photographs, and the Royal Stamp Collection. The latter, also known as the Royal Philatelic Collection, is believed to be worth £100million, The Sun reported. Both traditionally belong to whoever is the incumbent monarch, so they were not part of the Queen’s private wealth and will now be held by King Charles.

What has contributed to his personal wealth, however, is his stock market investment strategy. Blue-chip UK stocks were one of his top picks, according to The Sunday Times, but the exact numbers are unknown.

Vogue Business Web3 and metaverse live streaming

Co-branded Nike and Rtfkt sneakers are the most popular physical wearables among Rtfkt CloneX holders, compared to other physical wearables such as hoodies, t-shirts, and caps. That’s according to early data from the first of its kind Nike and Rtfkt CloneX Forging Mint, a collection of 10 digital and physical items exclusive to CloneX holders, which closed today. A total of 51,098 items were minted in a week, earning a total revenue of 7,197 ETH (about $11.32 million, not including secondary sales).

With this decline, Rtfkt is leaning more deeply into Nike’s manufacturing capabilities, while Nike is leveraging Rtfkt’s loyal customer base to generate material revenue from NFTs and digital goods. This new ecosystem enables “a new form of limited-edition drops that are community-driven rather than strictly brand-driven,” says Stanford cryptography student and researcher Noah Levine, who put together the CloneX Forge Keystroke Data in a Dune Dashboardsimilar to another he recently compiled comparing revenue from branded NFT projects.

The early secondary sales figures are also significant; the majority of NFTs sold for more than the initial minting cost in secondary markets, resulting in secondary volume of $3.63 million – a big price increase in just one week of minting. On shoes, for example, the average earning is around $700 per item, going from an average starting price of $597.93 to an average secondary purchase of $1,310.

Shoes were by far the most popular item, earning Nike and Rtfkt at least 4640.18 ETH (about $7.3 million) at the end of the decline (Sept. 7 around 6 p.m. ET). At a grassroots level, that reflects Nike’s influence, Levine argues. “When you think of Nike, the first thing that comes to mind is shoes,” he says. That shoes overtook T-shirts in revenue is no surprise, especially since the Genesis T-shirt was mint free. What is noteworthy, however, is that even though t-shirts were freely available (18,694 minted versus 12,211 shoes), the percentage minted (about 17%) is still lower than that of shoes (18 .5%).

Of the 10 collections offered, the Murakami drip was the highest earning, underscoring the value of artist collaborations, perhaps due to the sense of uniqueness or rarity it lends to an item.

All earnings data correct as of 6:00 p.m. ET, September 7, 2022.

Kemp announces $130 million aid package to boost Grady

“Some commitments have been made,” Fulton County Commission Chairman Robb Pitts said. “The business world will join us.”

Kemp was joined by Grady Health System chief executive John Haupert and Pitts and DeKalb County chief executive Michael Thurmond. Several other hospital leaders also attended the Capitol press conference in a show of unity from the health care leaders behind Kemp’s proposal.

Fulton and DeKalb counties are responsible for covering unpaid care for their residents who use Grady. According to Grady officials, that cost is about $300 million, but currently counties only fund 34% of unpaid care for their citizens.

The governor said the state is also moving a temporary medical unit that was used during the first wave of COVID-19 to Grady. This will give Grady another 24 temporary patient rooms while permanent beds will be added gradually. Additionally, Fulton County leaders are trying to spur development of a new hospital in the southern half of the county, Pitts said. But creating a new hospital could take a decade, he said.

Grady Health CEO John Haupert comments on the plan. Fulton County Commission Chairman Robb Pitts, DeKalb County CEO Mike Thurmond, Grady Health CEO John Haupert and others joined Governor Brian Kemp as he announced his plan to provide a $130 million injection to Grady’s health system during a press conference at the Georgia Capitol in Atlanta on Thursday, Sept. 15, 2022. (Bob Andres for the Atlanta Journal Constitution)

Credit: Bob Andres

Credit: Bob Andres

Grady Health CEO John Haupert comments on the plan. Fulton County Commission Chairman Robb Pitts, DeKalb County CEO Mike Thurmond, Grady Health CEO John Haupert and others joined Governor Brian Kemp as he announced his plan to provide a $130 million injection to Grady’s health system during a press conference at the Georgia Capitol in Atlanta on Thursday, Sept. 15, 2022. (Bob Andres for the Atlanta Journal Constitution)

Credit: Bob Andres

Credit: Bob Andres

Grady officials also said the additional investments will help make the hospital the largest and most comprehensive Level 1 trauma center in the country. Haupert also pointed out that there are other “excellent” Level 2 trauma centers that offer similar clinical care and can also accommodate new patients.

Views of Wellstar Atlanta Medical Center on Monday, September 12, 2022. (Natrice Miller/[email protected]).

Credit: Natrice Miller / [email protected]

Views of Wellstar Atlanta Medical Center on Monday, September 12, 2022. (Natrice Miller/natrice.miller@ajc.com).

Credit: Natrice Miller / [email protected]

Views of Wellstar Atlanta Medical Center on Monday, September 12, 2022. (Natrice Miller/[email protected]).

Credit: Natrice Miller / [email protected]

Credit: Natrice Miller / [email protected]

Kemp’s opponents have seized on Wellstar’s decision to close the Atlanta Medical Center as a political issue. Stacey Abrams, a Democrat running against Kemp in November, blamed the governor for opposing Medicaid expansion, saying it could have helped AMC.

“This crisis cannot be solved with half measures,” Abrams said. “Georgians know what we desperately need: fully expanded Medicaid to ensure Georgia hospitals can keep their doors open and the lights on.”

Kemp countered that Abrams falsely blamed him for the hospital’s systemic financial problems. He defended a more limited plan to increase Medicaid enrollees if they meet work and academic requirements, saying a full-fledged expansion would be too costly and too inflexible.

Wellstar says Medicaid expansion alone wouldn’t have saved the facility, though Medicaid expansion has helped bolster the finances of struggling hospitals and improved residents’ access to emergency care.

“I’m not worried about the Democrats attacking me all day,” Kemp said. “What I do is try to tackle the issues that affect hard-working Georgians.”

FILE – This combination of file photos from 2022 and 2021 shows Georgia Governor Brian Kemp, left, and Democratic gubernatorial candidate Stacey Abrams. Georgia Governor Brian Kemp’s decision to challenge Donald Trump and ratify Joe Biden’s 2020 presidential voters has earned Kemp credit from some Democrats. With the November election approaching, Democratic candidate Stacey Abrams needs those voters in her column. (AP Photo/Brynn Anderson, File)

1 credit

FILE - This combination of file photos from 2022 and 2021 shows Georgia Governor Brian Kemp, left, and Democratic gubernatorial candidate Stacey Abrams.  Georgia Governor Brian Kemp's decision to challenge Donald Trump and ratify Joe Biden's 2020 presidential voters has earned Kemp credit from some Democrats.  With the November election approaching, Democratic candidate Stacey Abrams needs those voters in her column.  (AP Photo/Brynn Anderson, File)

1 credit

FILE – This combination of file photos from 2022 and 2021 shows Georgia Governor Brian Kemp, left, and Democratic gubernatorial candidate Stacey Abrams. Georgia Governor Brian Kemp’s decision to challenge Donald Trump and ratify Joe Biden’s 2020 presidential voters has earned Kemp credit from some Democrats. With the November election approaching, Democratic candidate Stacey Abrams needs those voters in her column. (AP Photo/Brynn Anderson, File)

1 credit

1 credit

Faith leaders spoke out against the closure Thursday and scheduled a dueling press conference across from the entrance to Wellstar Atlanta Medical Center. Bishop Reginald T. Jackson called the state’s health care system a “total mess.”

“People are literally dying and not getting the care they deserve,” said Jackson, who is the presiding prelate of the Sixth Episcopal District of the African Methodist Episcopal Church. We’ve had enough of the passive, deer in the headlights, flat-footed approach.

Some patients and their family members are also not despairing of the possibility that the Atlanta Medical Center can remain open.

Ana Carril-Grumberg is one of those family members, who credit the Atlanta Medical Center with saving the life of her infant grandson during a dangerous childbirth. Her daughter had an emergency C-section in July, after the baby’s umbilical cord became wrapped around her neck.

Carril-Grumberg said she doesn’t understand why the government can’t pay the price needed to revive AMC.

“It’s not so much money in the realm of things, for a medical center that’s so good for the community,” she said. [The government] bailed out the airline industry, the auto industry, but the life-saving healthcare industry can’t be helped? »


Questions and answers about Grady Health System and Grady Memorial Hospital

Q: How many patients does Grady treat per year?

A: Grady admits nearly 36,000 patients a year. Throughout Grady’s health system, there are over 700,000 patient visits per year.

Q: How many people are treated in Grady’s ER each year?

A: There are approximately 152,000 emergency room visits per year.

Q: What is the percentage of paying patients versus uninsured or underinsured patients?

A: 37% of Grady’s patients are either uninsured or self-pay. The split for the remaining patients is as follows: 15% commercial insurance, 26% Medicare, and 22% Medicaid.

Q: What is a Level 1 Trauma Center?

A: Grady is a Nationally Verified Level 1 Trauma Center. A Level 1 Trauma Center is a comprehensive regional resource that provides the highest level of trauma care to critically ill or injured patients. To qualify for this designation, Grady has around-the-clock availability of trauma surgeons, immediate operating room capabilities, and rapid availability of care in a variety of specialties including orthopedic surgery, neurosurgery , pediatrics and intensive care.

Q: Is Grady one of the busiest Level 1 trauma centers in the country?

A: With the closure of Atlanta Medical Center and the expected increase in Grady’s trauma volumes, along with new trauma surgeons, Grady will become the busiest trauma program in the nation and the only adult trauma center in Atlanta Level 1.

Source: Grady Health System

Myer strikes deal with US clothing companies

Myer announced that American apparel brands, American Eagle and Aerie, will land online and in 40 Myer stores starting in October 2022.

Myer CMO Allan Winstanley said the move “strengthens” Myer’s ability to form strategic partnerships with global brands.

“American Eagle is the go-to brand for affordable, on-trend jeans and casual wear,” Winstanley said. “It is sought after by consumers around the world, so we are delighted to bring such a well-loved and trusted brand to Australian shores for our customers.”

“Aerie, which designs women’s underwear, clothing, loungewear, swimwear and activewear, is an exciting retail brand.

“We are confident the brand will be as successful with Myer as it has been in the United States.”

American Eagle senior vice president Vijay Chauhan said Australia is a key fashion market, “and we’re confident our AE and Aerie assortments will resonate with customers.”

“AEO is thrilled to bring AE’s signature denim collection and Aerie’s intimate and lifestyle apparel to Australia as we continue to grow our core brands across Asia Pacific,” Chauhan said.

“We chose to partner with Myer because we share similar values ​​when it comes to serving our customers: providing great, on-trend products, top-notch customer service and affordable prices.

“We look forward to hosting AE and Aerie in over forty stores and online starting in October.”

Simplifyber: “We are fundamentally changing the entire shoe and apparel manufacturing process” – vegconomist

Simplifyber does not create normal clothing. The clothes and shoes made by this New York brand are not only 3d printed and “created in a lab, not a factory,” but are also 100% biodegradable.

“2023 is going to be a big year for us… we’re going to be working with brands to produce the first ever 3D molded natural fiber shoes”

It is a fascinating area of ​​innovation, knowing that the fashion industry is the third most polluting industry, responsible for more CO2 emissions than the maritime industry and the aeronautical industry combined, and which has sparked at Simplifibyer a first renewed interest from investors. millions this summer.

© Simplifyber

We were delighted to have the opportunity to speak with the CEO CEO Maria Intscher-Owrangwhose career spanning more than 20 years as a fashion designer and manager includes stints at major fashion houses including Vera Wang, Calvin Klein, and Alexander McQueen.

What’s the story behind Simplifyber?
Before launching Simplifyber with my co-founder, Phil Cohen, I was a fashion designer for 24 years, working for designer brands in Europe and the United States. For the most part I have worked for high fashion brands on runway collections, but I also designed for two very early “eco-luxury” fashion companies (Linda Loudermilk and Edun) from 2006 onwards.

“I decided to do something about it”

I learned a lot from those experiences and for years followed the innovations that were happening in that space. I’ve seen many cool hardware solutions, but not really new and more efficient ways of making things…I thought this would happen as the world started to embrace 3D printing in other industries, but it didn’t. was just not the case in fashion.

So I decided to do something about it – and that’s when I met with my co-founder and our CTO, and we came up with a plan. We’ve created a way to make clothing and accessories from biodegradable materials in a revolutionary new additive process – a system we call “Simplifyber”.

Maria with G1 black white vests by Mofield_John
© Simplifyber

How are your products made?
Our products start with natural fibers in a liquid and we use this liquid to create 3D shapes directly, without the need for yarn or fabric. The garments and accessories we make are bonded together at the molecular level and formed using molds.

They are very different from traditional products because we are fundamentally changing the whole process of making shoes and apparel – our materials never need to exist as a flat fabric that comes together to create a shape – we let’s just make the shape directly from fibers.

Tell us about the green benefits of Simplifyber.
Our products are biodegradable and consume fewer resources than traditional clothing and footwear. The waste footprint is low as our materials are biodegradable and recyclable, and we remove 60% of the industrial steps involved in manufacturing garments and accessories – so there are energy and emissions savings associated with this . We also eliminate the shipping that usually occurs between spinning, weaving and assembly.

Pilot shoe SIMPLIFYBER
© Simplifyber

Looking back on your 20+ year career in fashion, what are the main challenges facing fashion brands in terms of sustainability?
The biggest challenge is the cost. Sustainable fabrics cost more than comparable standard fabrics – and because of this, many brands won’t use sustainable fabric, or at least not for most of their collections. Price-driven brands – especially fast fashion companies – are simply not likely to adopt a solution that doesn’t match their price, and unfortunately that includes very, very large brands that produce multi-million pieces of clothing. every year.

Another challenge is the perception among designers that they would have to compromise on beauty or performance if they opted for something durable; however, over the past two years I have seen this perception begin to change.

What do you think is the reason for the low adoption of 3D printing technology in fashion compared to other industries? What can be done to fix it?
3D printing has not taken off in fashion due to the limitation of materials available to print. Clothing should be pleasant on the skin and natural fibers are the most comfortable to wear. That’s why we started with natural fibers.

Members of the SIMPLIFYBER team on site
© Simplifyber

Can we expect brand collaborations?
Yes, but we won’t announce who it will be until just before launch…

How will Simplifyer use funds from the recent $3.5M seed funding round?
We actually raised $4.2 million in our recent funding round, and we’re using it to expand our tech team, buy equipment for our lab, and prepare for commercialization and scale.

What are your goals for 2023?
2023 is going to be a big year for us – we will have an expanded palette of materials to offer customers and we will collaborate with brands to produce the first 3D molded natural fiber shoes ever released.

SIMPLIFYBER type 1 interior diag gray
© Simplifyber

What do you hope to see in the future of fashion, and do you have any messages for fashion houses / clothing retailers?
I’m an eternal optimist, so I see the future of fashion being less resource-intensive, fully circular (with recycling and biodegradable materials) and production moving closer to where the designers and their customers are, rather than ‘abroad.

“The old adage ‘it’s all been done before’ just isn’t true – we’ve only scratched the surface”

We can make fashion better reflect the values ​​of the people who wear it. As for a message to fashion houses, I would saythe old adage “it’s all been done” just isn’t true – we’ve only scratched the surface.

The iconic brand Champagne Salon launches its 2012 vintage

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A grape variety, a terroir and a vintage, produced only in exceptional years. These are the pillars that have kept Salon at the top of its game since founder Aimé Salon created “the wine of his dreams” in 1905.

Salon is the champagne known as the insider’s choice by wine lovers, the wine trade and the press. Made in tiny quantities and only during exceptional vintages where the climatic conditions lend themselves to it, each bottle undergoes at least ten years of aging before being marketed in order to present itself in its best harmonious light from the first opening.

One of the most generous vintages on release, the 2012 is known as ‘the smile’

Salon is not champagne bling with style over substance; this is arguably the best expression of a traditional method chardonnay you can find. It is certainly the most emblematic, being the first blanc de blancs champagne, that is to say composed of 100% chardonnay. This is partly thanks to its exceptional chalk terroir in Mesnil-sur-Oger, which gives the Chardonnay grape variety here so much power, aplomb and longevity.

The inimitable brand produces only one wine, this “cuvée S”, from 19 hectares of vines in Mesnil-sur-Oger, located in the famous Côtes des Blancs. It’s no wonder the members of the press are eager to get up early and travel far and wide to taste the new vintage when most people are still having breakfast.

Salon 2012 champagne garden and entrance
The inimitable brand produces only one wine, this “cuvée S”, from 19 hectares of vines in Mesnil-sur-Oger, located in the famous Côtes des Blancs. Photo credit: Leif Carlsson

Fair 2012

Salon’s 2012 vintage is the 43rd to be released since 1905 and the first to be released since the 2008 vintage, which was so small it was released entirely in 8,000 magnums. 2012 is hailed in Champagne as one of the great vintages of all time, at the same level as 2002, 1996, 1990 and 1959. An uncertain year at the start because hail, frost and rain reduced yields, the heat and the 2012 summer sun finally arrived as it should, prompting the remaining grapes with warm days and cool nights to be their best.

One of the most generous vintages to come out, the 2012 is known as “the smile”. First vintage in four years and released after Covid, it was finally time for a great new vintage to shine and bring that smile back to the faces of everyone who tastes it. More opulent than previous vintages with notes of lemon curd, dried apricot, subtle hazelnut and the faintest note of toasted brioche, the 2012 is deep, complex and textured yet fresh with a characteristic crisp minerality. It still exhibits the razor-sharp acidity and super fine bubbles that Salon is famous for in remarkable fashion, meaning it’s both ready to drink now and will age well beyond 2070.

Champagne Salon 2012
The purity and depth of flavor offered by Salon 2012 make it the perfect wine for fish and seafood dishes.

What to eat at the Salon 2012?

The purity and depth of flavor offered by Salon 2012 make it the perfect wine for fish and seafood dishes. Try it with langoustines, scallops or even meaty white fish in Hollandaise sauce. The team even recommends morels, asparagus and veal. It is indeed an exceptionally versatile, exceptional vintage.

Where to find it?

Salon 2012 is available for £1,450/case of three bottles, bonded, in the UK.

Address: Contact Corney & Barrow, 1 Thomas More Street, London, E1W 1YZ
E-mail: [email protected]

Erika Lucille Ewing adds her voice to SEDONA ARTS FOR PEACE

This year, Sedona International City of Peace celebrates its 10th anniversary as a United Nations-recognized International City of Peace with Arts for Peace Week. Knowing that the arts have a unique way of opening minds and hearts, SIPOC organized a series of special events spanning six days. They are delighted to announce that renowned designer and activist Erika Lucille Ewing will be joining them, bringing her immeasurable experience to the project.

In addition to participating in several events throughout the week, Ewing will host a special project at Sedona Red Rock High School using fashion activism in art classes.

Erika Lucille Ewing defines herself as an “Artivist”, but she could be described as a force of nature. His impressive journey spans several disciples. She has acted in plays, radio, film and television. Her work as an actress, screenwriter, director and producer of classroom social dramas has garnered much attention and she has received accolades in applied theater arts and education. She has worked for New York University and the Creative Arts Team of the City University of New York – Applied Theater Arts and Education Program. In 2003, she was invited to be a guest lecturer at NYU Tisch School of The Arts; and from 2008 to 2009, she also served as an adjunct professor at the CUNY Graduate Center and taught literacy, acting, and playwriting to students at NYU and City College.

After several years of working, volunteering, living and serving in underserved communities in and around New York City, she has become a social media activist sharing critical commentary and leading strong discussion groups on social media platforms. social media. Her steadfast beliefs about the need for sweeping positive change and social transformation took her to the streets of New York in 2015, and she was soon named Chief of Staff of Black Lives Matter of Greater NYC (BLMNY) . Meanwhile, Ewing, also known as “Elucia Frances, spoke out on the frontlines against injustice and racial hatred, empowering young people to take part in social action.

Determined to make a difference in 2018, she founded Got To Stop LLC, a social impact consultancy that raises awareness of social injustice through fashion, arts, education and advocacy.

In 2019, she received accolades for a moving performance at Harlem’s famed Apollo Theater, served as emcee and co-host for Honoring Today’s Renaissance Woman where Oscar-winning actress and icon Cecily Tyson was the honoree, worked on several anti-human trafficking campaigns that were part of a proclamation from the Ohio State Governor’s Office and the New York State Senate.

Got To Stop LLC apparel designs are fully covered in powerful wordings to raise awareness of social injustice in society and spark courageous conversations. Wearing GTS LLC clothing is a motivated act in itself. Ewing’s slogan is “It’s not a movement. It’s a lifestyle. It’s the fashion for activists who care about this life.”

Ewing says of her work, “Through fashion activism, we raise social awareness and spark courageous conversations about the social issues we need to stop and change to achieve world peace.” She continues: “This is my vision of fire! Fire to change, fire to warm, fire to heal, fire to melt our hearts and souls for the good of humanity. We all deserve peace , and it begins in me.”

She designed a special series of coins to commemorate Sedona Arts for Peace Week.

The company’s consultancy includes working with community organizations, schools, mental health providers and policy makers on arts and community projects that aim to educate, empower, inspire and inspire communities to take action against injustice. . Ewing’s involvement and community involvement are recognized nationally and internationally. She was a driving force behind several award-winning murals in Harlem, including the Black Lives Matter mural and the I Am The Vote mural project, she rang the Nasdaq bell to open trade and this year was awarded by several awards, including the Rhythm & Gospel Inspirational Award: Fashion Community Influencer, Weeby Gold Anthem Award winners, “Best Strategy” Humanitarian Action and Services. Transformative Prevention Education, UNITAS-Curriculum Writing Team. She is also featured in the award-winning documentary: An American Street Mural In Harlem, Harlem International Film Festival 2022.

The Just us Girls women’s clothing store located in the Tlaquepaque Arts and Crafts Village in Sedona offers a selection of pieces specially designed for this event. You can learn more about her work and buy her social impact collections on her website www.gottostopllc.com.

Sales of American fashion brand Vince up 13.4% to $89.2 million in the second quarter of FY22

Net sales of Vince Holding Corp, a leading global contemporary group, increased 13.4% to $89.2 million in the second quarter (Q2) of fiscal 2022 (FY22), from 78.7 million in the second quarter of fiscal 2021, reflecting a 20.5 percent increase in Vince brand sales and a 27.9 percent decrease in Rebecca Taylor and Parker sales, combined.

The company’s gross margin was $36.4 million, or 40.8% of net sales, compared to a gross margin of $35.4 million, or 45% of net sales, in the second quarter of fiscal 2021. The decline in gross margin rate is primarily due to unfavorable year-over-year adjustments to inventory reserves, higher product and freight costs, and increased business promotional costs, partially offset by favorable leverage on distribution and other overhead costs, the company said in a press release.

Net sales of Vince Holding Corp., a leading global contemporary group, increased 13.4% to $89.2 million in the second quarter of fiscal 2022 from $78.7 million in the second quarter of fiscal 2021, reflecting a 20.5% increase in Vince brand sales and a 27.9% decline in Rebecca Taylor and Parker sales, combined.

Selling, general and administrative (SG&A) expenses were $39 million, or 43.7% of sales, compared to $32.7 million, or 41.6% of sales, in the second quarter of fiscal year 2021. The increase in SG&A costs is primarily the result of increased salary and compensation costs, increased rent costs, and increased consulting and other third-party costs.

“During the second quarter, we saw momentum at Vince in our women’s and men’s businesses as customers returned to more standardized activities and events and gravitated towards the versatility of our sophisticated, high-quality assortment. As we operate in a challenging macroeconomic environment with increased pressure on profitability, we remain focused on executing our strategic initiatives for Vince, including the upcoming relaunch of the brand’s e-commerce platform,” Jack Schwefel, General Managersaid.

“Given increased headwinds from the range of macroeconomic and pandemic-related issues in the industry that Rebecca Taylor in particular has faced over the past two years, we have made the difficult decision to exit our Rebecca Taylor business. Closing Rebecca Taylor will allow the company to focus on Vince’s core business and our overall long-term financial footing,” Schwefel continued.

Fibre2Fashion (RR) Press Office


Top 10 Biggest Tequila Brands

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From celebrity-backed brands to historic producers, these are the 10 Tequila companies that are leading the dance in the global market.

The United States remains the largest market for Mexican spirits, with demand particularly high in California. The reopening of distribution channels in 2021, along with Tequila being a very trendy spirit at the moment, means that most brands have seen year-over-year growth compared to 2020 sales, and compared to pre-pandemic levels as well.

The following data comes from our sister title, The spirits business‘Tequila Brand Champions 2022. For a fuller view of the numbers, click here. It records the number of nine-litre cases sold through 2021.

1) Jose Cuervo – 7.9 million

Slamming the competition by some margin, Jose Cuervo’s sales grew 8% from 2020 to 2021. To put the 7.9 million cases in perspective, that equates to approximately 1,615,909,090 shots of 44 milliliter Tequila. . The Becle-owned brand is also responsible for one of the most expensive tequilas of all time, retailing for around US$2,000. However, its best-selling bottles aren’t as expensive, selling for between US$30 and US$40.

2) Boss – 3.2m

Although “Patrón” means “boss,” the Bacardi-owned brand will have to settle for second place in this list. The brand recently teamed up with luxury department store Fortnum & Mason for a (very) limited edition of its Barrel Select Añejo. For those still mourning the shutdown of the Patrón XO Cafe, budget alternatives are available.

3) Don Julio – 2.7m

With sales growing over 50% between 2020 and 2021, Don Julio has certainly given Diageo owners a reason to raise a glass. Alongside Casamigos, Don Julio is an integral part of the company’s spirits strategy for the rest of the decade, with sales of the latter increasing sevenfold since 2014.

4) Casamigos – 2.2m

Image credit: casamigos, Instagram user

George Clooney co-founded Casamigos in 2014, before selling it to Diageo in 2017, but the company still has its Blockbuster appeal. Indeed, earlier this year it was named the world’s fastest growing spirits brand. For those in London who want a taste of Mexico via Hollywood (and Cuba), the brand is about to open a rooftop terrace at Embargo Republica in Chelsea.

5) 1800 Tequilas – 2.05m

Image credit: Instagram user 1800tequila

Now owned by Becle, 1800 Tequila has been distilling for 222 years since this year, and they offer the traditional blanco, reposado, and añejo forms of Tequila that one would expect from such a historic producer. But the company has also branched out into the more modern ready-to-serve category with its fruit-flavored Margaritas. While mango and lime jalapeño may not be classic cocktail flavors, there is a market for them, especially among younger consumers.

6) Hornitos – 1.9m

Reporting a 21.4% increase in sales from 2020 to 2021, Beam Suntory’s Hornitos has also begun to venture into the increasingly lucrative ready-to-drink market. Aside from seltzers, premium spirits from Hornitos (and other labels) have helped Beam Suntory’s growth in recent years.

7) El Jimador – 1.4m

Image credit: Instagram user eljimadornz

Named after the harvesters who harvest the agave by hand (and with another one design on the bottle), El Jimador is part of the Brown-Forman portfolio. The 1.4 million nine-litre cases sold in 2020 are on par with 2019 and 2018, and a moderate increase of 13.4% on the 2020 figure.

8) Olmeca – 1.1m

Sales of Olmeca (including Altos) increased by a fifth year-on-year – and in recent Pernod Ricard results it appears to be one of the strategic local brands which grew by 18 % in FY22. Despite the strength of these results, Olmeca recently changed its bottle design to appeal to Gen Z and Millennial consumers.

9) Espolon – 1.1m

Image credit: Espolontequila, Instagram user

Campari Group’s Espolòn saw an impressive 23.3% year-over-year increase. Tequila was one of the driving forces behind the Campari Group’s strong performance in the United States. Perhaps part of the brand’s success in the cutthroat world of spirits sales is due to the (fictional) anti-hero Deadpool, played by Ryan Reynolds, being named the “creative director” of the company in 2018.

10) Sauza – 1.0m

Image credit: Instagram user sauzatequila

Sauza sales actually fell -12.3% from the 2020 figure, the only top 10 brand to see it. Indeed, the 2021 result was about half that of the pre-pandemic years, suggesting the brand struggled to weather the trade shutdown in 2020 and beyond. Its sales jumped from number three in 2019 to number 10 in 2021 – at which time Hornitos overtook it to become Beam Suntory’s top-selling tequila brand.

If you want a little celebrity glamor mixed into your Margarita, click here to check out 10 Tequila brands owned by famous people.

Who has the best restaurant? – Robb Report

Courtesy of Louis Vuitton/Ralph Lauren

Luxury brands have long been expansionist: why limit yourself to just clothing, for example, when you could own the whole lifestyle? Ralph Lauren, one of the first designers to bring his brand to your small intestine with the self-contained restaurant-as-a-destination concept, took things to another level when he opened the Polo Bar, in Manhattan, there is seven years. . The latest to enter the game is Louis Vuitton, with Mory Sacko at Louis Vuitton, which made its debut this summer in Saint-Tropez. So who should you trust with your waistline? Here’s what you need to decide.

Louis Vuitton

Ralph Lauren

RESTAURANT

Located in the garden of the White 1921 Hotel in the heart of Saint-Tropez, Mory Sacko at Louis Vuitton keeps it simple, with neat green hedges, sleek sofas and chairs, and hanging leather lanterns ($9,350 each ) from the brand’s elite Objets Nomades collection. .

RESTAURANT

With its dark woods, its leather cabins and its numerous equestrian photos and paintings that invite you to be careful where you put your feet, the polo bar transports you from Manhattan’s Fifth Avenue to a private clubhouse. But it’s a friendly aristocracy, make yourself at home.

LEADER

With a Michelin star and his own TV show, Mory Sacko is one of Paris’ hottest young chefs, known for combining French cuisine with African and Japanese influences.

Chief Mory Sacko

Chief Mory Sacko

Bony/SIPA

LEADER

Uh, boss? The Polo Bar glorifies the days when good food just came from “the kitchen” and you had no idea which farm your arugula was grown on.

THE DISH YOU WANT TO BE SEEN WITH

The roasted sea bream in banana leaf with coconut, curry, aloe vera and lime ($51) shows Sacko’s flavor combinations well – and with this St. Tropez sunshine, you’re going to want that aloe vera.

THE DISH YOU WANT TO BE SEEN WITH

This is not the place to think too much about the menu. Scan the page a few times if you must, then get the 22-ounce bone-in rib eye ($78) you knew you were going to order when you walked in.

Bone-in rib steak Polo Bar

Courtesy of Ralph Lauren

AND TO WASH IT

A champagne-centric wine list where you can splurge on a 1921 Moët & Chandon ($4,000) or a 1998 Dom Pérignon Vintage Methuselah ($16,250). Perhaps unrelated, but parent company LVMH owns both brands.

Moet Chandon 1921

Courtesy of Moët Chandon

AND TO WASH IT

This is Ralph’s house, so no need for airs or graces. A bottle of Beaucastel Castle 1989 ($700), with its bold flavors of cherry and black fig, will do nicely alongside the excellent corned beef sandwich with horseradish coleslaw.

Beaucastel Castle 1989

Facade

ENTRY MOST LIKELY TO SPILL ON YOUR OUTFIT

The Bourbonnais chicken ($46) is served with mafé, a thick traditional West African sauce made with peanut butter. Scrape off anything that falls on your costume with a dull knife; with pb you never rub the stain.

ENTRY MOST LIKELY TO SPILL ON YOUR OUTFIT

After a long day swinging a mallet from your saddle, no one would blame you if cream sauce drips from your New York steak ($68). Dab this spot with a towel, then run under cold water.

THE BEST ATTIRE TO MATCH YOUR FOODS

With pops of floral color on monogrammed blue denim, the Destroyed Workwear Denim Jacket ($4,850) is the perfect accompaniment to accompany Mory Sacko’s Japanese meal platter ($66) with the vibrant hues of assorted dishes served on custom wooden trays.

Louis Vuitton Jacket and Flat

Courtesy of Louis Vuitton

THE BEST ATTIRE TO MATCH YOUR FOODS

No outfit could be more appropriate for the decor of this restaurant than the Hacking Suit ($7,490), designed for riding and made from luxury suede. And nothing could be more Ralph Lauren than sporting this English cut while munching on a So American Polo Bar burger ($30; hand-cut fries included).

Ralph Lauren Blazer and Burger

Courtesy of Ralph Lauren

CAN I EVEN GET INTO THE PLACE?

Yes. Book online, have some flexibility and you should be fine. The second service during the week (after 10 p.m.) is the simplest.

CAN I EVEN GET INTO THE PLACE?

Maybe. Most reservations are offered over the phone rather than online, which can mean that if they don’t know you, maybe not.

YOU FIRST EAT WITH YOUR EYES

YOU FIRST EAT WITH YOUR EYES

Hawaii-Made Aloha Wear is a surprisingly lucrative cottage industry

Thinking back to when he started his clothing business, David Shepard cringes. He didn’t hesitate to ask established aloha shirt makers where they got their products made.

Now Shepard says he would never ask such a question – or share details of his supply chain.

“Never go up to someone and say, ‘Who are you going to?’ he says. “It’s like going to a restaurant and asking, ‘What’s your recipe?'”

Shepard’s comment highlights an often overlooked aspect of the startup, made-in-Hawaii apparel business: there’s a significant amount of manufacturing going on here. Small businesses making things like aloha shirts, tote bags and sarongs support an ecosystem of sewers, cutters and suppliers, some working in manufacturing facilities, others working from home.

Tapping into that network is an art, Shepard says.

“I’m not going to share exactly how I did it,” he says. “People are very cautious about how to find the right people and who to go to, because there aren’t enough of them.”

David Shepard
When asked how he found a network of local apparel makers to make his high-end shirts, Honolulu-based apparel designer David Shepard replied, “I’m not going to share exactly how I do.” Stewart Yerton/Civil Beat

Officially, the US Department of Labor reports that this labor market is tiny. According to the department’s Bureau of Labor Statistics, there were 190 sewing machine operators in the state earning an average of $15 an hour in 2021, plus another 40 tailors, dressmakers and bespoke sewers earning about $20 an hour. ‘hour. The office has 50 other textile cutting machine setters, operators and bidders who earn just under $15 an hour.

The universe of outfits that do high-end work for small companies like Shepard’s is even smaller, he says.

“There can’t be more than 12,” he said.

The challenge is that these workers are vital for startup apparel makers, says Meli James, co-founder of Mana Up, a business accelerator that helps grow Hawaii-based businesses.

Many Mana Up entrepreneurs start out sewing their own products and then have to scale slowly, James said, noting that renting or building a large facility is impossible for these fledgling businesses.

There’s also value in keeping and creating jobs here, says James, who is also president of the Hawaii Venture Capital Association.

Perhaps most important, she says, money can be good. While the idea of ​​making clothes from home might conjure up Dickensian images of absentee children handcuffed to sewing machines while their parents survive, James says the reality is quite different. She knows people who make $80,000 a year helping to sew things like bathing suits.

“They send their kids to college,” she said of stay-at-home garment workers. “And there is upward mobility.”

Chucly Vu, owner of Vietnamese restaurant Que Huong in Chinatown, worked as a seamstress with family members when she arrived in Hawaii in the mid-1990s. Stewart Yerton/Civil Beat

Embodying James’ point is Chucly Vu, the owner of Vietnamese restaurant Pho Que Huong in Chinatown. At 10 a.m. on a recent weekday morning, Pho Que Huong was already packed with customers dining amid the aromas of lemongrass, lime, basil and mint. Many patrons spoke Vietnamese, as did Vu, who told his story through an interpreter.

When Vu came to Honolulu from Vietnam in the mid-1990s, she spoke no English and had three children, ages 1, 2 and 4, she said.

But Vu knew how to sew. And she says she quickly met Lee Dunning, a well-known businesswoman in the Vietnamese community.

Dunning had made his living and that of his sons by making clothes. After moving to Honolulu as a refugee, married to an American military officer, Dunning’s world fell apart when her husband abandoned the family, she says.

Dunning started an aloha shirt business she called Silver Needles. And, with no business skills and nothing to lose, she started going to cold retailers. His break came when Walmart placed an order for 360 shirts.

“They sold out this weekend,” she says.

Soon she was making aloha shirts and swim shorts for retailers like Walmart, ABC Stores and major hotels. By 1995, Dunning had sales of $1.5 million, she said.

Connecting with Dunning around this time was a boon to Vu, Vu says.

Before long, Vu and four other family members had a small hui and were making $30,000 a month making aloha shirts for Silver Needles. Equally important, Vu was able to work from home and care for her children, who were too young to go to school.

Fast forward two decades, and Vu had earned and saved enough to start his restaurant, a dream since childhood. Her husband owns a business that manufactures granite countertops. One of her children is a teacher, a lawyer and a student to become an engineer, she said. Vu and her husband have two other school-age children, she said.

For her part, Dunning says she is grateful to Vu and happy that she was able to help Vu and Vu’s family.

“I’m happy with what I did,” said Dunning, who is now retired. “I also helped other people.”

Lee Dunning
Lee Dunning, pictured at his shuttered manufacturing plant in Kalihi, started his clothing company, Silver Needles, out of desperation. In 1995, its sales were $1.5 million. Stewart Yerton/Civil Beat

As Dunning wraps up, Shepard is just getting started: applying his training as a botanist and his love of art and storytelling. After studying biology and art at Florida Gulf Coast University in Fort Myers, Shepard returned home and earned a master’s degree in tropical agriculture from the University of Hawaii.

His first job out of school was with the National Park Service in Molokai, followed by jobs at the National Botanical Garden in Kauai and the Lyon Arboretum in Manoa.

From the start, Shepard says, he wondered how he could use aloha shirts to tell the stories of native Hawaiian plants and animals in a way that could reach people.

In 2016, while working at the arboretum, he started taking weekend sewing classes. He designed his own prints and learned the best method for making fabrics bearing the intricate images of Hawaiian birds, plants and flowers that are his trademark.

It incorporated in 2019. By 2021, Shepard had reached such a point that it was selected by Mana Up as a member of its seventh cohort of startups deemed ready to scale.

Shepard declined to share numbers to quantify where his business currently stands. He said about half of his sales came from his website, the other half from small shops like Na Mea and MORI by Art+Flea in Ward Village. His shirts sell for $120.

Swap sewing machines for nail salons

One question Shepard and others like him face is whether it’s possible to grow significantly while still making clothes in Hawaii.

Even if he wanted to invest in a manufacturing plant, Shepard said, large spaces are hard to come by, let alone at affordable rents. And there is the pervasive fear that Kalihi, where many sewing and light manufacturing sites are now located, is on the verge of gentrification in the next Kakaako – where light manufacturing and warehouses have been replaced by luxury condo towers and trendy restaurants.

“The cost of living here – the cost of doing business – drives the middle class out,” he said.

There is also the issue of manpower. Seamstresses are leaving the business and no one is replacing them, Shepard said.

Dunning agreed. Many Vietnamese who might have done contract tailoring in the past are now setting up nail salons, she said. This is the right time to retire.

“You can make a lot of money doing it,” Shepard said of sewing. “But the people who do it are quite old.”

In this context, the big question for Shepard is: if his company becomes a major clothing manufacturer, will he be able to stay in Hawaii?

“I would love to be able to manufacture in Hawaii when I get to this scale,” he said. “But there is no infrastructure for that. Will I be able to continue here or do I go somewhere else?

Hawaii’s Changing Economy» is supported by a grant from the Hawaii Community Foundation as part of its CHANGE Framework project.

Alo Yoga launches its first ready-to-wear collection with a limited-edition NFT at New York Fashion Week

Alo Yoga, a leading fashion and lifestyle brand, launches its first ready-to-wear collection paired with its first NFT on MoonPay’s HyperMint platform. The Aspen NFT Collection is a digital Certificate of Authenticity designed to celebrate Alo’s first foray into ready-to-wear and brand owners as a community with exclusive benefits. HyperMint, MoonPay’s self-service NFT minting platform, will lead the minting and distribution of NFTs.

Alo debuts its first RTW collection at New York Fashion Week with an experiential presentation that will unveil the latest Holiday 2022 capsule collection while immersing audiences physically and digitally into a renewed brand world. The Aspen collection is the celebration of Alo’s spirit of adventure, inspired by the outdoors, winter sports, mountaineering and après-ski. The collection represents the athleisure brand’s first foray into winter performance apparel and luxury ready-to-wear. At the fair, visitors will see the collection for the first time. They will also be able to try on the luxury collection via Snap-powered augmented reality mirrors.

“The Alo Aspen collection is an experience in itself, where luxury meets high performance. Being able to try the collection in real time via augmented reality and receive an immutable certificate of ownership not only enhances the shopping experience, but also elevates the authenticity, transparency and safety of our products and creates the building blocks for providing lifetime value and rewards to our most loyal customers. Angelic Vendette, Vice President and Head of Marketing at Alo Yoga.

Alo recognizes that NFTs are changing the way people interact with fashion by introducing a new level of connection between a brand or designer and the end consumer. Through Alo NFTs, consumers will have the ability to unlock new levels of loyalty, rewards, ownership, collection and authentication. With the purchase of an item from the Aspen collection, customers will receive a digital certificate of authenticity for that item, which will also unlock VIP experiences ranging from a personalized shopping experience through a private customer manager, to future experiences at Alo Houses and exclusive access. at Alo Wellness Clubs.

“Alo exists at the intersection of fashion and wellness, so we see our Aspen collection at NYFW as the perfect place to house our high-end line which is part studio and part street with design and manufacturing from luxury,” says Danny Harris Co. -CEO and co-founder of Alo Yoga. “Web3 enhances brands’ ability to protect their identity and provides new ways to drive loyalty and growth strategies,” said Ivan Soto-Wright, CEO of MoonPay. “Our partnership with Alo Yoga marks another step in ensuring that fashion is ready to usher in a new and exciting era of digital and physical fashion. This is a game-changer for fashion and will radically change both the behavior of brands and consumers in the future.”

The collection consists of 17 distinctive styles, including performance ski suits, ribbed cashmere sets, faux fur jackets and water-resistant outerwear and accessories. Prices range from $54.00 to $1,425.00. Customers who purchase from this limited edition collection will receive an exclusive Alo NFT, providing a certificate of ownership. These NFTs are immutable certificates that verify rarity, authenticity and ownership – harnessing the powerful innovation of blockchain technology. In addition to owning this unique NFT, customers will enjoy VIP experiences ranging from a personalized shopping experience through a private customer manager, to unlocking future experiences at Alo Houses and exclusive access to health clubs. be Alo.

Alo’s collaboration with MoonPay and HyperMint is the first of its kind. Alo Yoga is the first fashion and lifestyle brand to leverage HyperMint for easy NFT purchases via email payment. The wellness brand and infrastructure company is also partnering with Digital Twin Studios to bring the NYFW experience to life.

Avril Lavigne’s gothic collaboration with “Occult Luxury” clothing brand Killstar includes a “Dreaded” barbed wire choker

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Avril Lavigne rose to fame in the early 2000s with songs such as “Complicated” and “Sk8er Boi.” She made waves with millions of fans due to her alternative style and skate punk personality, and over the years she was able to maintain her popularity by continuously releasing albums.

After her recent return to her punk roots, Lavigne is making headlines again – and with many fans eager to replicate her celebrity style, she’s opting for some surprising collaborations.

Avril Lavigne | Michael Kovac/Getty Images for Variety

Most recently, Lavigne teamed up with clothing brand Killstar for an exclusive launch that invites fans to wear Lavigne-inspired looks.

Avril Lavigne is a style and music icon

Lavigne burst onto the music scene as a teenager with the single “Complicated.” Although she was very young, her sense of self and unique style made a strong impression on pop culture aficionados, and many rushed to copy Lavigne’s trademarks: streaky black and blonde hair, baggy pants and thick black eyeliner.

Even as Lavigne’s music made headlines, her personal life attracted considerable attention. She had several high-profile relationships, including her first marriage to Deryck Whibley from 2006 to 2010 and a second marriage to Nickelback’s Chad Kroeger from 2013 to 2015.

In March 2021, it was reported that Lavigne had started dating musician Mod Sun. The two have been together ever since, announcing their engagement in April 2022.

Avril Lavigne’s Recent Collab With Killstar Is Full Of Goth Inspiration

Lavigne has had a number of endorsements and product launches over the years, including several fragrances and even her own clothing line, Abbey Dawn, which launched at Kohl’s in 2008. Originally designed as a line for juniors , Abbey Dawn has gone through a number of updates over the years, incorporating some of Lavigne’s favorite styles, such as skulls and hot pink elements.

Lavigne’s latest collaboration is with clothing brand Killstar, which is advertised as an “occult luxury” brand on Instagram. The collaboration was announced in summer 2022 and includes pieces such as a pink dress with a barbed wire pattern on it, a barbed wire choker, a long dress with a ribcage pattern and a pink suitcase in the shape of a skull. .

With a wide variety of clothing and accessories to choose from, the collection will appeal to anyone who wants to replicate Lavigne’s avant-garde punk look without breaking the bank. In a recent interview with Cosmopolitan, Lavigne explained why she decided to collaborate with Killstar for the collection. “I would describe my KILLSTAR collection as a reflection of my style and the things I love,” the singer said.

“I’m so proud of this collection, and had so much fun working with the KILLSTAR team to bring it to life. I hope everyone enjoys it and makes it their own. She also admitted that some of her favorite pieces include the “Tomb Travel Suitcase, the Ribcage Maxi Dress and the Strummin Lingerie Set”.

What is Avril Lavigne doing these days?

Lavigne’s latest album, Love Suxwas released in February 2022, and Lavigne has been on the road almost continuously since then, touring and performing her new songs as well as all her familiar favorites.

Granted, she’s still going strong, and with a net worth of around $60 million, according to Celebrity Net Worth, Lavigne’s multiple business ventures and musical endeavors have really paid off. Although the Canadian-born singer-songwriter tends to stay away from the spotlight when she’s not performing, it’s clear her fans haven’t lost any of their love for her or her unique style. .

RELATED: Inside Avril Lavigne’s 3 Engagement Rings From Deryck Whibley, Chad Kroeger & Mod Sun

The Inflation Reduction Act will transform the US economy

In February 2009, there were no — zero — plug-in hybrid cars for sale in America. Not a single large-scale solar installation — not one — was connected to the power grid. Climate-devastating coal-fired power plants still produced half of all electricity consumed in the United States.

Over the next seven years, so much changed. By February 2016, more than 400,000 Americans had purchased plug-in hybrid cars. Twenty-eight large-scale solar installations have been connected to the power grid, generating enough electricity to replace dozens of coal-fired power plants across the country. In less than a decade, the United States has increased its solar capacity thirtyfold. Not triple, thirtybend.

Likewise, the new Cut Inflation Act of 2022 is poised to unleash a wave of innovation in our economy, transforming the market for American businesses large and small at the forefront. of our clean energy future. That’s my prediction, and I trust it because we’ve seen this kind of transformation before.

Beyond all the partisan bickering and legislative wrangling that produced the Cut Inflation Act, there is one fundamental truth: Well-designed federal investments that encourage American innovation have paid off time and time again on the clean energy and clean technology market.

For example, the remarkable growth of electric vehicles and renewable energy in the United States from 2009 to 2016 did not happen by itself. Rather, that growth was sparked by a series of targeted federal investments — many of the same investments that later served as blueprints for the Cut Inflation Act of 2022.

Take the example of the American Recovery and Reinvestment Act of 2009. This law included many provisions aimed at developing the internal market for electric vehicles and developing renewable energies. One such provision was a modest $2 billion investment in lithium-ion batteries and electric vehicle drive components. That $2 billion provided much-needed start-up and acceleration capital for electric vehicle companies to bring new technologies to market. It has also helped dozens of manufacturing plants go online, producing batteries and vehicle components in the quantities and with the reliability needed to meet the growing demand for hybrid and all-electric cars in the United States.

Other federal investments have also contributed to the growth of a domestic market for electric vehicles. For example, the 2007 Advanced Technology Vehicle Manufacturing Program provided government loans for the early development of fuel-efficient technologies. Loans from this program were important because private lenders often refused to finance as yet unproven electric vehicle technologies, preferring to “wait and see” that new technologies would pay off. In fact, in 2009, Tesla CEO Elon Musk cited a loan from the program as a key step in developing the company’s first all-electric four-door sedan. This vehicle, the Model S, would become the best-selling electric car in the world by 2016.

Beyond electric vehicles, the Recovery Act of 2009 also invested $25 billion to develop renewable energy in the United States. This investment, known as the Section 1603 program, allowed energy companies to receive upfront cash payments to build new clean energy facilities. This “direct payment” approach has helped small energy companies access immediate capital for the development of solar, wind, biomass and hydroelectric capacity. From 2009 to 2016, more than 104,000 renewable energy projects were initiated and supported with Section 1603 Program funding. renewable.

Now, thanks to the Cut Inflation Act of 2022, much more ambitious federal investments in clean energy and clean technology are on the horizon. The remarkable growth of electric vehicles and renewable energy in the United States from 2009 to 2016 is just a small harbinger of what lies ahead. My point is this: The market transformation that is about to unleash in the United States will be no less significant – and probably even more remarkable – than what we have already seen.

Tony DeFazio is the founder and director of Glens Falls Sustainable PR.

PolyU of Hong Kong announces the establishment of the School of Fashion and Textiles

Dr. Lam Tai-fai, Chairman of the PolyU Council (Center); Teacher. Jin-Guang Teng, President of PolyU (3rd from left); Dr. Lawrence Li Kwok-chang, Vice President of the PolyU Council (3rd from right); Ms. Shirley Chan, School Advisory Committee Chair (2nd from left); Mr. Sunny Tan, Member of the Hong Kong SAR Constituency Legislative Council – Textiles and Garments (2nd from right); Teacher. Raymond Wong, acting dean of the School of Fashion and Textiles (left); Teacher. Wing-tak Wong, Vice President and Provost of PolyU (right)
Image Courtesy: PolyU

On the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, Hong Kong Polytechnic University (PolyU) announced the establishment of the School of Fashion and Textiles (SFT), the third school flagship and independent within PolyU and the official upgrade of the Institute of Textiles and Clothing (ITC).

Professor Jin-Guang Teng, President of PolyU, said, “It gives me great pleasure to inaugurate SFT as the third independent flagship school of the university. SFT’s vision is to be a leading global center for fashion and textiles education, interdisciplinary research and collaboration, playing a pivotal role in Hong Kong’s development into a renowned fashion hub. world.

It will comprehensively enhance the competitive advantage of SFT graduates and the Hong Kong fashion and textile industry, while aligning it with the development of the Greater Bay Area market.

The school is renowned for its world-class education with specialist scholars and paving the way for a variety of research areas including wearable and smart textiles, medical textiles and functional apparel, social fashion design, fashion sustainability, digital fashion marketing and fashion supply chain management. .

SFT has worked closely with the industrial sector both locally and internationally to meet the growing demand for advanced technologies in the fashion and textile industry.

Important projects include Nu-Torque™ single ring-yarn technology, personalized postural training system for medical, sports and healthcare applications, and intelligent 3D human modeling technology. These had revolutionary and profound influences within the industry.

The School has also reached important milestones in its pursuit of research excellence for societal impact. In the face of the COVID-19 pandemic, in addition to successfully developing new anti-virus 3D printing materials, reusable PU30 anti-virus masks and protective clothing, SFT has maintained its close ties with the government, the NGOs and disadvantaged groups.

CFDA to Mark 60 Years via Metaverse Expo, NFT – WWD

In 1962, Eleanor Lambert founded the Council of Fashion Designers of America to put American fashion on the map. Sixty years later, the mission to champion US-based designers remains the same. What’s different is the card: the association is working on its first-ever foray into the virtual world, the CFDA told WWD exclusively.

To celebrate its milestone anniversary, the association will hold its first metaverse fashion exhibition in The Sandbox, as well as the auction of its first collection of NFTs.

The virtual event, titled “Fashioning the Shades of American Design,” was hosted by Darnell Lisby of the Cleveland Museum of Art. As assistant curator of fashion at the museum, Lisby trained her insightful eye on the entire six decades of the CFDA to select 60 looks that exemplify the essence of American fashion.

It was no easy task, according to Lisby. “As a fashion curator, it’s very difficult when sometimes you have certain parameters, but you’re trying to fit so many things into such a small space,” he told WWD. “At the same time, you’re trying to get as many votes [in, or] as much of a voice to as many as you can.

“I think the one thing that all of us – everyone at CFDA, as well as our digital partners and myself – we all agreed that diversity should ring true throughout the exhibition and this metaverse experience” , he added. “I wanted to figure out how I could bring together different designers in a way that complemented each other, but at the same time created a succinct story.”

For Lisby, diversity crosses both racial and creative lines, bringing different styles and sensibilities to the retrospective. The slate ranges from lesser-known looks to “some of the biggest hits” in fashion. All are drawn from the CFDA roster, from years past to the current generation, which alone has over 450 creators. The final selection includes names such as Ralph Lauren, Patrick Kelly, Donna Karan, Naeem Khan, Tracy Reese, Oscar de la Renta, Anna Sui, Stephen Burrows, Thom Browne and The Row.

To tie it all together with a cohesive narrative, he chose the concept of “illumination” and interpreted it through five themes: “Illuminating a Fantasy”, “Illuminating Romance”, “Illuminating the Avant-Garde”, “Illuminating Understanding” and “Illuminating the Soul.” Think of it as an opportunity to tell the story of American fashion through different lenses. CFDA will also be showcasing other looks that fit these themes on their social media channels to shine a light on even more talent.

The immersive nature of the Metaverse could make this storytelling resonate even more, though much depends on a given visitor’s ability to appreciate “voxelized” or visually blocky environments like The Sandbox. (Think of voxels as the 3D version of 2D pixels, but cube-shaped.) Anyone expecting photorealism will be disappointed, but others may not care and may even find it endearing – as evidenced by the popularity of games like Roblox and Minecraft. Using tools like VoxEdit, artists at The Sandbox have even created some awesome artwork and sold it as NFTs.

When the virtual exhibit opens in December, visitors will be able to see for themselves just how well the CFDA exhibit translates. Either way, they’ll experience these historic modes in a never-before-seen way, up close and in 3D.

For Sébastien Borget, CEO and co-founder of The Sandbox, the metaverse is a “new frontier of expression, where avatars will be an extension of our digital identity”. For him, the CFDA project is “an unprecedented metaverse exhibition in The Sandbox”, and it turns out that his platform and fashion partner share a similarity – the desire to encourage and elevate creativity. Borget pointed to the no-code tools people use to express themselves.

“We truly hope to inspire the next generation of fashion designers to imagine, design and bring to life NFT collections that combine expression and utility and will be playable in the metaverse,” he said.

The CFDA is interested in gamification, at least one day. But luckily, while he’s still learning the ropes, he doesn’t have to go it alone. This fashion exhibition is an extension of his previously revealed partnership with creative consultancy 5Crypto, blockchain app developer and NFT platform Polygon Studios and The Sandbox. In April, he explained that the goal was to establish “a Web 3.0 model for American fashion in the metaverse,” and that efforts revolved around education and professional development, hoping to prepare members to these virtual and blockchain environments.

Now the association dives into itself – and with a bit of a twist in the approach.

“For 60 years, we have always been on the lookout for industry trends, business trends, societal needs, designer needs,” noted CFDA CEO Steven Kolb. “It felt like a good milestone or benchmark moment, because we were sort of reflecting, to also project forward.” In other words, the association has chosen this moment, where it honors its past, to also project itself into the future.

Exposure is only half of the equation. The CFDA is also working with Polygon, along with two other innovation partners, on its upcoming NFT collection. Brand New Vision, a 3D digital product creation and tokenization company, is developing the collectibles, while Paris-based NFT platform Arianee is focusing on the user interface and experience, including the benefits that offer exclusive access to certain kinds of experiences. They will be incorporated into the NFTs, which drop during the third week of November, although teasers may arrive as early as the CFDA Awards on November 7.

“It’s inspiring to see a global industry titan like the CFDA embrace digitization and Web 3.0 technology to drive the fashion industry forward,” Brian Trunzo, head of metaverse at Polygon Studios, said in a post. exclusive release. “Polygon is excited to provide the infrastructure necessary to make the CFDA’s foray into Web3 as seamless, cost-effective, and sustainable as possible.”

While the partners take care of the technical aspects, the CFDA does what it does best: inspire and put fashion at the heart of everything.

It recruited eight member designers to create the looks that will form the NFT collection, dubbed “Lighting the Path of American Fashion”. Their direction was to create an exclusive 60th anniversary design, with the aim of depicting the journey of their brand, particularly at the intersection, if not collision, of art, culture and design. However, how they interpret this context is entirely up to them.

Kolb elaborated, “We didn’t give participating designers any parameters, so you’ll see different executions from each of our partners.” Some may take the form of artwork to hang on a virtual wall, while others may offer a wearable accessory for avatars or something else.

Given who the participants are – namely Diane von Furstenberg, Michael Kors, Carolina Herrera, Tommy Hilfiger, Coach, Willy Chavarria, Aurora James and Vivienne Tam – this creative flexibility should yield impressive results. Like the exhibit, this slate was intentionally put together as a mix of different styles, perspectives, and even career stages. The commonality, however, is that their works will boast great rarity: each designer creates a look for a single keystroke.

Willy Chavarria

The auction will be available directly on the CFDA website, and through a partnership with Moonpay, a platform that aims to simplify crypto transactions, buyers can even use a standard credit card or other fiat payment method (read : traditional), but for a fee.

With this combination of high rarity and an easier shopping experience, the auction looks set to hit a high price. This would be great news for the CFDA Foundation Inc., as the proceeds will go to this philanthropic arm.

But whatever happens in November and December, Kolb seems content, at least creatively. While certainly busy in the real world, with New York Fashion Week followed by the CFDA Awards, the association to put the finishing touches to its anniversary exhibit in the metaverse and its NFT collection. He sees the former as a celebration of the CFDA’s past “through the prism of talent,” and the latter as a way for participating brands to channel their ethos “through the prism of futurism.”

“I love the yin and yang of it,” he said, “and I think when we go live people will really have a special experience.”

Morgan Stanley at Work Unveils First Participant Aggregation Platform to Create a Seamless Experience for Plan Advisors

NEW YORK–(BUSINESS WIRE)–Morgan Stanley at work today announced the rollout of its new Corporate Retirement Portal, an innovative technology solution designed to provide Morgan Stanley’s wealth plan advisors with a one-stop, consolidated view of workplace pensions and participant data via the prime Modern Wealth Platform, WealthDesk.

Plan advisors have historically used third-party tools and resources to manage their clients’ pension plan assets held by registrars. The new corporate pension portal gives them access to a comprehensive view of their clients’ pension plan accounts, including services provided to retained pension plans and plan sponsors. Plan advisors can now work seamlessly with plan sponsors and provide participants with targeted financial education through Morgan Stanley Wealth Management’s Next Best Action, an engagement tool that enables the delivery of scalable personalized content.

“In today’s economic environment, marked by rising inflation and market volatility, plan sponsors and members are looking for a helping hand in maximizing retirement benefits,” said Brian McDonald, Chief Executive Officer and head of Morgan Stanley at Work. “The Corporate Retirement Portal enables plan advisors to provide personalized financial education and content to help plan members navigate the complexities of retirement planning and savings. The launch once again demonstrates our commitment to innovation and thoughtful disruption in the workplace wealth space.

In accordance with recent Department of Labor (DOL) cybersecurity guidelines for plan sponsors, service providers and plan participants, the Corporate Retirement Portal ensures that firm client data is transferred securely. secure and that the right safeguards are in place to protect their information. This includes encryption of sensitive data, including client data, as well as annual cybersecurity training and awareness for all employees with access to firm systems.

“We listen carefully to the plan advisors we serve and in response, we have created from the ground up a technology solution capable of improving their daily lives so that they can focus on providing value-added services to archivists. , plan sponsors and members,” said Anthony. Bunnell, retirement manager for Morgan Stanley at work. “Implementing our Corporate Retirement Portal on the plan advisor’s desktop will help increase efficiency, help archivists scale their business, and improve the plan sponsor and member experience on our retirement platform. We see this as a game-changing technology solution that is truly a differentiator in the retirement industry. »

The launch of the corporate retirement portal follows Morgan Stanley’s recent acquisition of an unqualified deferred compensation provider, American financial systems in June 2022 and strategic alliances with archivists Vestwell and Empower retirement in June and August 2021, respectively. Additionally, the firm announcement three strategic product enhancements to its Equity Edge Online® and Shareworks stock plan platforms to deliver time and cost savings to stock plan administrators and participants.

Morgan Stanley at Work’s Retirement Solutions offers a flexible, multi-vendor recordkeeping platform designed to meet individual business needs. In addition to providing personalized retirement solutions, Morgan Stanley at Work has dedicated retirement specialists who understand the challenges companies face and offer support and services to their employees. Through a consultative process, the firm’s specialists help companies improve plan competitiveness and fiduciary risk management, investment selection and monitoring, and employee retirement preparedness.

Retirement Solutions is part of the Morgan Stanley at work suite of financial solutions, which covers equity compensation through Shareworks and Equity Edge Online®, retirement and financial wellness solutions. Morgan Stanley at Work and Morgan Stanley intellectual capital and financial education are delivered through multiple channels to enable employees to develop a holistic plan to help them achieve their financial goals. Shareworks services are provided by Morgan Stanley Smith Barney LLC, Member SIPC, and its affiliates, and Equity Edge Online® employee stock plan solutions are offered by E*TRADE Financial Corporate Services, Inc., both part of of Morgan Stanley at Work and all wholly owned subsidiaries of Morgan Stanley.

About Morgan Stanley Wealth Management

Morgan Stanley Wealth Management is a leading financial services company providing access to a wide range of products and services for individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning , cash management and lending products and services, annuities, and insurance, pension and trust services.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services company providing a broad range of investment banking, securities, wealth management and investment management services. With offices in 41 countries, the company’s employees serve customers around the world, including businesses, governments, institutions and individuals. For more information on Morgan Stanley, please visit morganstanley.com.

Morgan Stanley at Work and Shareworks the services are provided by Morgan Stanley Smith Barney LLC, Member SIPC, and its affiliates, all wholly owned subsidiaries of Morgan Stanley.

2022 Morgan Stanley Smith Barney LLC. SIPC member.

(META) – Mark Zuckerberg calls out Elon Musk’s Neuralink: “You want the mature version of this”

Meta-Platforms, Inc META CEO Mark Zuckerberg appeared on by Joe Rogan “The Joe Rogan Experience” on August 25 to discuss the big tech company’s research and product development plans as it continues its launch into the Metaverse.

After discussing Meta’s investment plans to spend over $10 billion on various research strands in different technologies such as virtual reality, augmented reality devices, and computing platforms, Zuckerberg was excited to talk about the neural interfaces.

“We should definitely spend some time on this,” he told Rogan.

What happened: “There’s feedback you give to the computer, then there’s information the computer gives to you, and you can separate those two things,” the CEO of Meta began, explaining the two different ways the computers work. neural interfaces.

Of this latest technology, Zuckerberg said, “It’s not something we’re working on.

“Some people, like Elon with Neuralink and these companies, I think it’s just taking it very far, maybe he’ll be ready in a few decades,” Zuckerberg said.

“Normal people in the next 10 or 15 years probably won’t want to install something in their brains for fun,” he continued.

“You want the mature version of this, not the one where it’s going to get a lot better next year and you have to update your brain implant every year.”

Instead, Zuckerberg said he’s been spending time thinking about less invasive technology that simplifies human-to-human interaction by providing ways for humans to control a device by sending signals through “super-discreet movements.”

Zuckerberg explained that one of the ways a device could receive information from the human brain would be through slight arm movements.

As an example, Zuckerberg explained that technology could make it possible to text your wife in a work meeting without anyone understanding it: you would see the message through AR glasses and to respond, ” you just like to twist your wrist a little”. he said.

See also: Lord of the Rings reignites billionaire rivalry as Elon Musk throws shade at Jeff Bezos’ new Amazon show

Rogan’s response: Rogan discussed a possible negative social impact of this new type of technology.

“It seems like a huge distraction,” Rogan said.

Today’s technology allows someone to understand when another person is distracted on their phone because you can physically see them using the device, the podcast host said.

If a person read messages through AR glasses and responded with small muscle movements, he says, “you wouldn’t even know they were distracted. They just won’t be in contact with you.

Taking Benzinga: The idea of ​​the metaverse and the potential for virtual reality and augmented reality to become a big part of our daily lives may seem unfathomable to many, especially since technology seems to make the experience of true person-to-person interaction unnecessary. no one to live and work. .

Zuckerberg’s prediction that humans are at least a decade away from widely adopting Musk’s Neuralink technology is likely welcomed by many.

As for Meta Platform’s brain-computer devices, while he was undeniably less evasive, Zuckerberg didn’t provide any timeline as to when the kind of technology might become available.

See also: Meta Gets Aggressive on Virtual Reality Despite Regulatory Hurdles; Scoops another VR startup for undisclosed terms

New Exclusive Baby & Mom Capsule Collection

In collaboration with Little Millie, young mothers and influencers, Jessica Nickson (@thejessicanickson) and Noelle Downing (@noelledowning), put their spin on an assortment of clothing styles for newborns and moms

SEATTLE, September 6, 2022 /PRNewswire/ — Online retailer Zulily is launching an exclusive capsule collection of apparel and soft products for babies and moms featuring designs from fashion influencers, Jessica Nickson and Noelle Downing. Bringing their personal style and perspective to the project, Jessica and Noelle were uniquely qualified for this endeavor as they are both new mums as well. So while the collection is fun and fashionable, it’s also imbued with the versatility and quality that new moms crave. The result is an assortment, from sleepwear to bibs to mom’s robes, that includes the essentials to make the first few months with the family more comfortable, day or night. The collection launches today and is available via September 29with over 170 styles priced from $8.99 at $46.99.

“Zulily remains the go-to source for moms looking to find quality, affordable products from brands she loves. Working with fan-favorite brand Little Millie, we were thrilled to add influencers, who are both real moms, to lend their authentic and diverse experiences with motherhood to the equation. It’s a winning combination that brings exciting new offerings that have been designed and produced for real, everyday life with infants. “, said Kiki Lockwoodchildren’s textile merchandising manager at Zulily.

With the myriad of emotional and physical changes that occur throughout pregnancy and postpartum, moms and babies need products that can grow with them, which means adaptability and functionality are imperative. . “These first few months after bringing your baby home are incredibly intense as you navigate between sleeping and feeding schedules, acclimatizing as a new family. Finding products that fit into your life and can adapt to you and your baby, always- changing needs is what I love about this new collection,” says co-creator and influencer Noelle. Jessica adds, “Pieces can stand on their own , but also amazingly good together and they’re so versatile and cute, just what a new mom, like me and Noelle, is looking for during the first few months.”

With over 20 trends in 170 styles ranging from woodland creatures to hearts, stars and stripes, gingham and more, the exclusive collection, in collaboration with Little Millie, is packed with styles for baby and matching surprises for mom. Easier. Now mums can shop the exclusive Zulily x Little Millie collection with Jessica Nickson and Noelle Downingcapsule collections through September 29 with free shipping on all orders of $89 and above.

For more information on the collection, visit Zulily’s Discovery.

About Zulily®
Zulily is an online supermarket committed to providing a fun shopping experience for moms everywhere, without breaking the bank. With exclusive daily deals, on-trend brand names and styles, and everyday value on a wide selection of apparel, shoes, household items and more, Zulily helps moms discover great deals, create special family moments, and find the perfect one-of-a-kind, guilt-free items. To Zulilyshopping is a little different, a little better and a lot more fun.

Zulily is headquartered in Seattle, Washingtonwith locations in Nevada, Ohioand China. With expertise in technology, merchandising, creative production, logistics, marketing, customer service, and more, Zulily team members work together to provide moms with a different, fun-based shopping experience. , discovery and fantasy. For more information, visit www.zulily.com or The Find by Zulily, or follow @Zulily on Facebook, Instagram, Pinterest or Twitter. For sellers interested in selling on Zulily, visit www.sell.zulily.com.

Zulily, LLC is a wholly owned subsidiary of Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP). Qurate Retail Inc. is a Fortune 500 company which includes QVC®HSN®Zulily and the Cornerstone brands (collectively, “Qurate Retail GroupSM“), as well as other minority stakes and investments in green energy. Qurate Retail Group is committed to providing a more humane way to shop. Qurate Retail Group is the largest player in video commerce (vCommerce) , which includes video shopping across linear TV, e-commerce sites, digital streaming and social platforms. For more information, visit www.qurateretailgroup.com, or follow @QurateRetailGrp on Facebook, Instagram or Twitteror follow Qurate Retail Group on YouTube or LinkedIn.

SOURCEZulily

Designer Brands continues to grow in the second quarter

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United States

Published: 06 September 2022




Credit: Vince Camuto


North American footwear and accessories maker Designer Brands has released its financial results for the second quarter of 2022.

The company achieved a net sales increase of 5.1% to US$859.3 million, while comparable sales increased by 6.2%.

Designer Brands reported gross profit of US$295.7 million for the period, with gross profit as a percentage of sales of 34.4%. Reported net profit for the second quarter of the year was US$46.2 million.

The group closed four stores in the United States and two in Canada during the period, with no new openings, giving a total of 506 stores in the United States and 138 stores in Canada as of July 30.

CEO Roger Rawlins said: “Our second quarter was a continuation of the strength we saw in our direct-to-consumer and wholesale channels and we are pleased with our early results.

“We see this trend continuing into the third quarter as our back-to-school season, a new holiday season for designer brands, performed well, supported by an increased assortment of sports and children’s products.”


Retail reacts to new PM: ‘prioritize measures that unlock business growth’

Liz Truss has been named Britain’s next prime minister, succeeding Boris Johnson tomorrow. Truss has already promised supporters a “bold plan” to cut taxes and tackle the energy crisis after winning the leadership race ahead of Rishi Sunak.

The new leader of the Conservative Party, who will meet the Queen tomorrow for his official handover as Prime Minister, has previously outlined plans to scrap Sunak’s proposed corporation tax and implement further tax cuts for businesses.

It is urged to react immediately to the energy crisis, but has so far drawn up no plan that reassures the public, businesses or organisations.

Key fashion and retail industry experts react to her nomination:

Melanie Leech, CEO of British Property Federation:

“We urgently need strong government leadership after a period of drift. The new Prime Minister must deal with the immediate financial pressures facing businesses and families, but at the same time he must clearly focus on the longer-term goals to tackle inequality across the UK and move to a greener, high-productivity economy.

“We look forward to working with Ms. Truss to harness the power and potential of the real estate sector to provide the homes, work and leisure spaces that will revitalize our town centers and city centers and support our future prosperity as that nation.”

Helen Dickinson, CEO of British Retail Consortium:

“I would like to congratulate Liz Truss on becoming leader of the Conservative Party. It will need to show strong leadership as the cost of living crisis deepens. Retailers continue to play their part, keeping prices as low as possible and helping households by offering discounts to vulnerable groups, expanding value ranges, increasing staff salaries and providing children’s meals at reduced price or free. The retail sector is ready to work with the new government to build consumer confidence and contribute to economic growth.

“Businesses need clarity on government intentions as soon as possible so they can understand the inflationary impact of any policy decision. One of the immediate ways the government is helping retailers support their customers is to freeze the business rate multiplier for all retail businesses for the next fiscal year, protecting the industry from price increases linked to the inflation and giving more leeway to keep prices low, protect jobs, and support the economy.

Dee Corsi, COO of New West End Company:

“Congratulations to Liz Truss on her appointment as Prime Minister. We fully support his ambition to focus on a thriving London economy as a key element in ensuring the wider UK remains globally competitive. We look forward to working with her and the new Cabinet to rebuild commerce in London’s West End and support the one in eight Londoners who work there.

“As the country grapples with economic headwinds, it is crucial that the new Prime Minister and his wider government prioritize measures that unlock business growth – namely a fundamental review of utility tariffs. businesses, the reinstatement of duty-free shopping and a reassessment of the UK visa system.

Andrew Goodacre, CEO of the British Independent Retailers Association

Andrew Goodacre, CEO of the British Independent Retailers Association

Andrew Goodacre, CEO of British Association of Independent Retailers:

“We hope that in addition to campaigning for the votes, the new Prime Minister has also been working on plans to address immediate, short and medium term economic challenges. Bira has been raising concerns since last October and we have continued to work with government departments to help them understand the challenges faced by retailers and the high street in general.

“In the short term, we need to see financial support given to small retailers who face 50% increases in energy costs. At the same time, we need to improve consumer confidence for the very important last quarter of the year. To do this, the government must certainly give the energy bills paid without more increases. This will allow households (and businesses) to budget and plan ahead.

“Another way to stimulate demand is to reduce VAT, and this should also be considered. In the medium term, the government should introduce a system of grants or loans that encourages small businesses to invest in energy-saving technologies, thereby reducing energy demand. It could also come in the form of tax breaks and a comprehensive reform of the corporate pricing system.

Walid Koudmani, Chief Market Analyst at brokerage XTB:

“We have seen the British pound soften in the immediate reaction to the appointment of Liz Truss as the new Conservative leader and, therefore, UK Prime Minister. The British pound was trading at around $1.15 against the US dollar and earlier this morning hit its lowest levels in more than two years.

“It’s pretty clear there’s a degree of nervousness among UK investors over her job as Prime Minister. We already know she wants to initiate £30billion in tax cuts and borrow more to fill the hole in funds.Also, it seems more likely that as the new Prime Minister she will freeze energy bills to help contain the cost of living crisis. inflation, but that would come at a significant cost to public finances, which is likely to be paid for by more borrowing.This has led to inevitable concerns about the state of the UK economy and its public finances. now stands at 96% of GDP, the highest since the 1960s.

“We have already started to see his troubling comments about changing the Bank of England’s mandate being quashed, which cannot be understated. The independent Bank of England is a beacon of UK stability for overseas investors. If the role of the BoE is changed or its ability to set interest rates independently of the government is changed, it would significantly change the way international markets view the UK financial landscape and not in a good way.

Herb Kohler, longtime CEO of Kohler Co. and owner of Whistling Straits, dies at 83

Herbert Kohler Jr., CEO of Kohler Company for 43 years and owner of Whistling Straits, died Saturday, according to a company press release. He was 83 years old.

“His zest for life, his adventure and his impact inspire us all,” his family said in a press release. “We traveled together, celebrated together, and worked together. He was all-out, all the time, leaving an indelible mark on how we live our lives today and carry on his legacy.

Kohler was born on February 20, 1939 to Herbert Kohler Sr. and Ruth Myriam DeYoung. He was the eldest of three children. He had a sister, Ruth DeYoung Kohler II, and a brother, Frederick Cornell Kohler, both of whom predeceased him.


Remembering Herbert V. Kohler’s Impact on Golf


Shortly after graduating from Yale in 1965, Herb Kohler joined Kohler Co., full-time as a research and development technician.

He became a director of the company in 1967, and when his father died a year later, he became vice president of operations. He was named executive vice president in 1971, was elected chairman of the board and chief executive officer in 1972, and president of the company in 1974.

In 2015, he became executive chairman of the company, with his son, David, taking the helm as chairman and CEO. He served Kohler Co. for 61 years.

Kohler made his mark on Wisconsin golf by opening the famous Blackwolf Run and Whistling Straits courses.

Blackwolf Run opened in 1988 and was the first element of Destination Kohler’s golf portfolio, followed by Whistling Straits 10 years later.

These two venues are home to four premier courses: Whistling Straits Straits Course, Whistling Straits Irish, Blackwolf Run Meadow Valley and Blackwolf Run River.

The Kohler courses have hosted six major championships and hosted the game’s best for the 2021 Ryder Cup, which saw Team USA win in dominant fashion.

Global T-Shirts Market Report 2022: Rapid E-Commerce Penetration in Fashion Space Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “T-Shirts Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” has been added to from ResearchAndMarkets.com offer.

Lockdown restrictions and growing work-from-home culture are driving demand for t-shirts across the world

The global t-shirt market is growing significantly and is expected to grow at a CAGR of 7.2% throughout the forecast period from 2022 to 2030.

The rapid penetration of e-tailing into the fashion space has created a positive impact on the fashion industry in general. The t-shirt category, especially those printed and custom designed, has shown greater acceptance of e-commerce. Additionally, lockdown restrictions and increased working from home have resulted in more people spending time at home instead of going to their workplaces or other social clubs.

Thus, an increasing number of consumers prefer to wear simple garments such as t-shirts which provide a higher degree of convenience and comfort. This is driving the demand for casual wear, especially t-shirts. The t-shirts are specifically aimed at the youth segment of the population.

Cotton sustainability to drive segment growth

Cotton is one of the most used materials for making T-shirts across the world. The cotton goes through a long process from the fields to the t-shirt factory in order to be sewn into a t-shirt. Over the years, cotton has proven to be a very durable and comfortable fabric for clothing in various weather conditions. For example, cotton can provide heat insulation in the summer while providing warmth in the winters. Additionally, due to its breathable nature coupled with its ability to absorb moisture from the body, cotton has been a favorable material choice for different types of garments. Additionally, cotton can be easily dyed to the desired color according to the manufacturer’s preference. Thus, cotton is commonly used in the garment industry across the world.

High opacity – ability to drive segment growth

The others segment, which includes water-based ink, plastisol, landfill in segment, accounted for the largest revenue share of 33.8% in 2021 in the overall t-shirt market by material. ‘ink. The Others segment includes plastisol, discharge and water-based inks.

Due to its high opacity and ability to stay on the screen for long periods of time without drying out, plastisol ink is widely used on clothing. Other factors such as durability, flexibility and versatility have also led to the popularity of plastisol ink. Water-based ink is popular because it saturates the fibers of the garment and essentially dyes the garment rather than sitting on the fibers.

On the contrary, sublimation inks are used on polyester, poly-Lycra, rayon acetate and acrylics and require post heat treatment. It produces brilliant colors and good lightfastness when applied to polyester and polyester-coated substrates. These bonds find extensive application in sportswear and are also used in the thermal transfer of images to ceramics, plastics and pre-coated metals. Applying heat to the printed image with a press, either via transfer paper or directly, sets these vivid inks into the polyester substrate allowing the item to be washed over and over again. In addition, sublimation inks provide good image printing and are also waterproof.

Main topics covered:

1. Preface

2. Executive Summary

3. T-shirt Market: Business Outlook and Market Dynamics

4. T-Shirts Market: By Material, 2020-2030, USD (Million)

5. T-Shirts Market: By Type, 2020-2030, USD (Million)

6. T-Shirts Market: By Ink Type, 2020-2030, USD (Million)

7. North America T-Shirt Market, 2020-2030, USD (Million)

8. UK & EU T-Shirt Market, 2020-2030, USD (Million)

9. Asia-Pacific T-shirt Market, 2020-2030, USD (Million)

10. Latin America T-Shirt Market, 2020-2030, USD (Million)

11. Middle East & Africa T-Shirt Market, 2020-2030, USD (Million)

12. Company Profile

Companies cited

  • Custom Ink LLC

  • Vistaprint B.V.

  • wired bird

  • Printful Inc.

  • Nike Inc.

  • Adidas S.A.

  • Levi Strauss & Co.

  • Tommy Hilfiger

  • Gianni Versace SpA

  • Guccio Gucci SpA

  • Hugo Boss S.A.

  • OP TIGER spol. sro

  • Spreadshirt AG

  • Fanela Ltd.

  • Almelot workshop

  • Shirtracer GmbH

  • Woot Inc.

  • Sunfrog LLC

  • Zazzle Inc.

  • ooShirts Inc.

  • Teespring Inc.

  • T-shirt factory Thailand

  • Thai T-shirt Factory Co. Ltd

For more information about this report visit https://www.researchandmarkets.com/r/9mer78

Prosus Ventures may join ex-Myntra CEO’s new fashion startup funding round

Prosus Ventures, the venture capital investment arm of Prosus (formerly Naspers) is in advanced stages of talks to join the funding round for former Myntra CEO Amar Nagaram’s new venture, according to people briefed. on this subject.

Nagaram’s new business – a fast fashion platform for Gen Z – is expected to be valued at $150-160 million post-investment, these people said. Nagaram, who left Flipkart-owned Myntra last December as managing director, is set to launch the company later this month and named it Virgio – hosted by Ameyam Enterprises.

Currently, the app is in beta testing, with users being placed on a waiting list before an official launch. ET reported in January that Alpha Wave (formerly Falcon Edge) and Accel had completed their $25-30 million round at a $100 million valuation. The Prosus Ventures investment is also part of the Series A funding, but the round is structured in multiple tranches and Prosus comes in at a higher valuation than previous investors.

“The first round is structured in several tranches like series A1, A2, etc. Prosus Ventures is in the final stage of signing the deal. As the platform will launch soon, it has reached a valuation of over $150 million with Prosus,” said one of the people briefed on the matter. With Prosus Ventures joining Virgio, the size of the round could increase by around $10 million.

This comes at a time when there is a visible slowdown in closing deals on attractive terms at all stages. Once officially announced, this will be one of the biggest first rounds of institutional funding for a new company.

Nagaram declined to comment. A spokesperson for Prosus Ventures said it does not comment on market rumors and speculation.

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Mukesh Bansal, founder of Cultfit and chairman of Tata Digital is also an investor in the company, as ET previously reported.

Virgio de Nagaram is considered the “Shein of India” by people who have reviewed his plans and are familiar with the company’s activities. Virgo should focus on customizing consumer needs for fashion products. It will be based on the consumer-manufacturer model. “The Virgio app represents the dawn of a new social commerce brand,” according to the description on its website.

“It’s similar to Shien from India with a lot of focus on technology. They are trying to get into fast fashion manufacturing based on demand. Trends are changing fast and the idea is to meet that demand Gen Z and new age consumers – who are also very young,” said one of the people mentioned above.

Shein had become popular in India but had to shut down its operations here last year following a government ban as part of a wider crackdown on Chinese apps.

Prior to starting Virgio, Nagaram worked at Flipkart for nearly seven years before moving to Myntra in 2019. He was elevated to CEO of the fashion retailer following the departure of its former chief executive Anath Narayanan following the acquisition of Flipkart by Walmart in 2018.

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Here is the safety rating of the Mercedes-Benz SUV Cyrus Mistry was traveling in

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Former Tata Group chairman Cyrus Mistry, who succeeded Ratan Tata as chairman of Tata Sons, died in a traffic accident near Mumbai on Sunday. This unfortunate incident has raised road safety issues and shifted focus to vehicle safety standards like the European New Car Assessment Program (Euro NCAP).

According to data from the National Crime Records Bureau (NCRB), more than 1.55 lakh lives were lost in road accidents in India last year – an average of 426 per day or 18 every hour – which is the highest number of deaths recorded in a calendar year so far.

Cyrus and four other people were heading towards Palghar when the accident happened after the driver lost control of the car and hit a river bridge. Mistry suffered serious injuries from the crash and was rushed to a nearby hospital, where he was pronounced dead on arrival.

Mistry was traveling in a Mercedes-Benz SUV, the best-selling model of India’s top-selling luxury brand. With a price tag of over Rs 50 lakh, the Mercedes-Benz GLC received the highest 5-star safety rating by Euro NCAP and was based on the MRA architecture.

The Global NCAP tests cars on various parameters and gives a rating out of 5 stars mainly on safety for adults and children. Other safety features of the car include 7 airbags, side wind assist, parking assist, attention assist, adaptive brake lights, tire pressure monitoring system, descent control, the Mercedes Pre-Safe occupant protection system, etc.

Mistry was reportedly seated in the back of the car and experts recommend seat belts for front and rear passengers to ensure maximum safety.

Recently, Global NCAP released a list of safest cars in India. Among passenger cars, Mahindra XUV700 SUV, Tata Punch and Honda City were considered to be some of the safest cars on Indian roads.

Earlier this year the Department for Road Transport announced that it would require car manufacturers to provide a minimum of six airbags in motor vehicles carrying up to 8 passengers for increased occupant safety from October 2022 .

According to Maruti Suzuki India (MSI) Chairman RC Bhargava, the standard will have a negative impact on the already shrinking market for small cars, making it even more difficult for two-wheeler users to switch to small cars. The debate over the cost of airbags and costs is not easy.

Top 15 cities for hipsters in 2022

GaudiLab / Shutterstock.com

Editor’s Note: This story originally appeared on LawnStarter.

If you’re into all things indie, vintage, and obscure, then you’re likely to thrive in one of the best cities for hipsters of 2022.

That’s the reason for that LawnStarter America’s 200 Largest Cities Ranking: To help you maximize your chances of finding a 1970s alpaca wool coat, cage-free eggs, and just chill vibes.

We looked at 30 anti-cool factors — from access to thrift stores, farmers’ markets and vinyl records to the friendliness of unicycles and morning raves.

Check out the best cities for Modern Bohemia below.

1. New York, NY

New York City
Taiga / Shutterstock.com

Overall score: 83.94

Fashion ranking: 1

Lifestyle ranking: 2

Cultural classification: 1

Classification of food and beverages: 1

2. Los Angeles, California

Los Angeles
ESB Professional / Shutterstock.com

Overall score: 67.26

Fashion ranking: 2

Lifestyle ranking: seven

Cultural classification: 2

Classification of food and beverages: 5

3. Portland, OR

Aerial view of Portland with Mount Hood in the background.
josemaria-toscano / Shutterstock.com

Overall score: 57.49

Fashion ranking: 13

Lifestyle ranking: 3

Cultural classification: 4

Classification of food and beverages: 2

4. San Francisco, California

San Francisco
Pius Lee / Shutterstock.com

Overall score: 56.52

Fashion ranking: 19

Lifestyle ranking: 1

Cultural classification: 3

Classification of food and beverages: 4

5.Chicago, IL

Master of Dreams / Shutterstock.com

Overall score: 52.61

Fashion ranking: 4

Lifestyle ranking: 26

Cultural classification: 6

Classification of food and beverages: 3

6.Seattle, Washington

Seattle, Washington
cdrin / Shutterstock.com

Overall score: 51.88

Fashion ranking: 14

Lifestyle ranking: 4

Cultural classification: 5

Classification of food and beverages: 6

7. San Diego, CA

Dance Shots / Shutterstock.com

Overall score: 48.88

Fashion ranking: 6

Lifestyle ranking: 11

Cultural classification: ten

Classification of food and beverages: seven

8. Denver, Colorado

Denver, Colorado
f11photo / Shutterstock.com

Overall score: 44.43

Fashion ranking: 25

Lifestyle ranking: 5

Cultural classification: 18

Classification of food and beverages: 8

9. Austin, TX

Austin, TX
Photography Roschetzky / Shutterstock.com

Overall score: 43.21

Fashion ranking: 9

Lifestyle ranking: ten

Cultural classification: 16

Classification of food and beverages: 12

10. Atlanta, Georgia

The Little Five Points neighborhood in Atlanta, Georgia
ESB Professional / Shutterstock.com

Overall score: 40.93

Fashion ranking: 16

Lifestyle ranking: 14

Cultural classification: 8

Classification of food and beverages: 20

11. Miami, Florida

Miami, Florida
Littleny / Shutterstock.com

Overall score: 39.88

Fashion ranking: 11

Lifestyle ranking: 6

Cultural classification: 23

Classification of food and beverages: 17

12.Washington, D.C.

Supreme Court
multitel / Shutterstock.com

Overall score: 39.54

Fashion ranking: 50

Lifestyle ranking: 19

Cultural classification: 11

Classification of food and beverages: 11

13. Oakland, CA

Oakland, California
yhelfman / Shutterstock.com

Overall score: 37.99

Fashion ranking: 57

Lifestyle ranking: 12

Cultural classification: 13

Classification of food and beverages: 36

14. Sacramento, CA

Adonis Villanueva / Shutterstock.com

Overall score: 37.09

Fashion ranking: 17

Lifestyle ranking: 15

Cultural classification: 29

Classification of food and beverages: 18

15. Orlando, Florida

Orlando Florida
aphotostory / Shutterstock.com

Overall score: 36.76

Fashion ranking: 20

Lifestyle ranking: 33

Cultural classification: 14

Classification of food and beverages: 14

Methodology

Girl relaxing outdoors
Olga Danylenko / Shutterstock.com

We’ve ranked the 200 largest US cities from best (#1) to worst (#200) for hipsters based on their overall scores (out of a possible 100 points), averaged across all weighted metrics listed below. .

  • Number of Urban Outfitters locations
  • Number of thrift stores
  • Number of vintage and consignment shops
  • Number of tattoo parlors
  • Number of hair salons
  • Environmental awareness
  • Car-free friendliness
  • Bike friendliness
  • Friendliness of urban gardeners
  • Artisanal friendliness
  • Stoner friendliness
  • Number of yoga studios
  • Morning Rave Hosts
  • Number of record stores
  • Concert halls per 100,000 inhabitants
  • Number of antique shops
  • Number of “Local Flavours” Spots
  • Number of art galleries
  • Number of art houses and independent cinemas
  • Number of independent bookstores
  • Number of e-scooter rental providers
  • Skate parks per 100,000 inhabitants
  • Number of vegan and vegetarian restaurants
  • Farmers markets per 100,000 population
  • Number of on-farm markets within 30 miles
  • Number of Trader Joe’s and Whole Foods locations
  • Number of craft breweries
  • Number of dive bars
  • Number of whiskey bars
  • Number of coffee roasters

Sources: Art House Convergence, BreweryDB, Daybreaker, Eventbrite, IndieBound, other studies LawnStarter, The Skatepark Project, TheThriftShopper.ComTrader Joe’s, TripAdvisor, U.S. Department of Agriculture, Urban Outfitters, Whole Foods, and Yelp

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click on links in our stories.

Best Textiles, Apparel and Luxury Goods Stocks to Buy in 2022

The global textile and apparel market is fragmented, commoditized and very price sensitive. These characteristics do not present many opportunities for investors. However, value-conscious investors may find a few investment opportunities in this space. These stocks are the best textile, apparel and luxury goods stocks to buy in 2022.

Gildan Sportswear (GIL)

Gildan Activewear (GIL) is a Canadian branded clothing manufacturer. The company focuses on the production of high-quality branded clothing. The company has a strong presence in North America and Latin America. Gildan Activewear has a comprehensive product portfolio, but is best known for its cotton-rich fabrics. It also offers knitted fabrics and woven fabrics. Gildan Activewear has a substantial competitive advantage that will allow it to continue growing in the future.

Green Dot (GDOT)

Green Dot (GDOT) is a prepaid debit card provider. The company partners with leading banks to offer its financial services. Green Dot offers its customers a way to spend money online or in-store. The growth of e-commerce has led to increased demand for Green Dot’s products. Green Dot has also diversified its customer base by partnering with more banks. Green Dot has a large customer base thanks to its partnerships with many banks. This large customer base allows the company to expand its customer base.

360 DigiTech (QFIN)

360 DigiTech (QFIN) is a technology company specializing in the design of printing and packaging solutions. The business grew due to a shift to e-commerce. 360 DigiTech has a strong presence in the branded, apparel, home, and luxury goods industries. 360 DigiTech has focused on branded products, especially when it comes to apparel and luxury products. This strategy has led to solid growth of the company.

FinVolution Group (FINV)

FinVolution Group (FINV) is a financial services and communications company. The company provides wealth management, insurance, financial advisory and communication services. Involution has a strong presence in North America, Asia and the Middle East. Additionally, involution has a competitive edge with its broad portfolio of products and services. As a result, the company is well placed to grow in the future.

Conclusion

The textile, apparel and luxury goods industry is fragmented, commoditized and price sensitive. Nevertheless, investors can find some investment opportunities in this space. These stocks are the top textile, apparel and luxury goods stocks in 2022.

Hair Legend Sam McKnight Expands Cool-Girl Product Line

Meanwhile, Rich Cleanse Shampoo and Conditioner are great for moisturizing hair. “They’re for those with color-treated or dry hair that needs a little extra moisture,” says McKnight. “Plus, the Deeper Love Intense Conditioning Mask is a great addition for hair that needs a little extra love – it contains shea butter, which has a very similar makeup to the hair itself.” He recommends incorporating the latter into your hair care routine at least once a week.

Girl with curly hair? Then rediscover your most vibrant curls and curls with Sam’s new Curl Cleanse Cleansing Conditioner, a co-wash formula that contains Jackfruit, Watercress and Sage Leaf to smooth, define and nourish every strand.

McKnight always carries at least two different shampoos and conditioners in his own kit because, he says, a good washing routine is the foundation of any great hairstyle. “It’s like taking care of your skin before putting on makeup: makeup looks better if your skin is in perfect condition, and it’s the same with hair. There’s a lot more stress on hair today than ever before, whether it’s from hot styling, pollution, or color use, but it’s more than possible to keep your hair as healthy as your skin. .

It should be noted that the formulas also smell amazing. McKnight worked closely with British perfumer Lyn Harris (of Miller Harris fame), on the scents, which take inspiration from the barber’s English garden, which, as you may have seen on her Instagram, doesn’t is never not in magnificent bloom. “Lyn came and spent a few afternoons in my garden, picking up a lot of different smells there,” he says. “What came out was a kind of dampness, because it had rained one of the days. She took it well.”

Get the right hair care products to treat, nourish and moisturize your hair, and you really won’t have to worry about using an assortment of different heat tools, or having your own McKnight on hand (well that would be nice), to get a great look. Bouncy locks are all about taking care of what you have and tailoring your hair care routine to your unique hair type.

“It’s a cliche, but your hair is your crowning glory — if it’s in gorgeous condition and you have a great haircut, there’s nothing like it,” McKnight says. “More than that, and what I’ve discovered over my long career is that it’s not about how the hair looks, it’s about how it makes you feel. I see it when I work with women: when the hair looks really healthy, swings, moves and reflects light, it feels good. And this is the most important. »

Hair by Sam McKnight Lightweight Cleansing Shampoo

Hair by Sam McKnight Curl Cleanse Treatment

Image may contain: bottle and shampoo

Hair by Sam McKnight Rich Cleansing Shampoo

Hair by Sam McKnight Deeper Love Treatment Mask

Luxury goods scam: Duo accused of helping couple flee to plead guilty

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SINGAPORE (The Straits Times/Asia News Network): Two Malaysian men, charged with helping a couple allegedly involved in a $32 million luxury goods scam flee the country, claimed in a district court on Friday 2 September that they intended to plead guilty.

The court heard that one of the men, Mohamed Alias, 40, could face another charge in the future – that of harboring an offender.

Details of this potential charge were not disclosed to the court.

No additional charges will be brought against the second man, Mohamad Fazli Abdul Rahman, 38.

They had told the court on August 5 that they intended to plead guilty to their charges.

Both are in pre-trial detention and their cases have been adjourned to September 16.

Currently, each man faces two counts of aiding the escape of Singaporean Pi Jiapeng and his Thai wife Pansuk Siriwipa.

According to court documents, Mohamed helped the couple illegally leave Singapore from Tuas Checkpoint around 7:30 p.m. on July 4 by allowing them to hide in the container compartment of a Malaysian-registered truck.

Fazli is accused of conspiring with him to organize the alleged escape.

Pi and Pansuk, both 27, left Singapore after allegedly failing to deliver $32 million worth of goods to customers.

Pi, who was born in China’s Fujian province, was initially arrested by Singapore police on June 27.

His passport was confiscated and he was released on $15,000 bail the following day.

Pansuk was assisting the police in their investigations and returned his passport on June 30.

The couple became unreachable and allegedly fled Singapore illegally on July 4.

Arrest warrants and Interpol red notices were then issued against the couple.

Royal Thai Police told police here the pair may be staying at a hotel in Johor Baru. The police then asked their counterparts in Malaysia to locate them.

The couple were arrested on August 11 and handed over to police here that day.

Pi and Pansuk first appeared in court on August 12, when they were each charged with three counts – two of cheating and one of leaving Singapore illegally.

They are accused of being involved in a conspiracy to deceive Tradenation and Tradeluxury clients between January and June.

The amounts allegedly at issue were not disclosed in court documents.

The couple allegedly tricked the victims into believing they would be sold luxury watches and handbags, but had no intention of delivering the items.

Both were denied bail after a judge agreed with the prosecution that they were at risk of fleeing.

Their cases were adjourned for a pre-trial on October 11.

Profits elude Amazon India despite $6.5 billion investment: Bernstein

Amazon is falling behind rival Flipkart in India as it faces an unfavorable regulatory environment and challenges spreading to smaller cities, according to a report by US research group Bernstein.

India is a popular market for global internet companies, but difficult to unlock.

“Who can forget Jeff Bezos’ visit in 2014 atop a colorful truck announcing a $2 billion investment? But nearly a decade later, Amazon India’s track record is decidedly mixed,” the report said, referring to the American founder of the global e-commerce giant.

India is one of Amazon’s largest overseas markets and also one of the fastest growing with a top-notch customer experience and a large Prime customer base. Growth has been costly at more than $6.5 billion invested to date, while profitability remains elusive (minus 5-10% earnings before interest, taxes, depreciation and amortization margins), the report observes.

“The company also faces immense competitive pressure in fast-growing categories, a weaker value proposition in ‘new’ commerce, limited traction in Tier II/III cities, and a regulatory environment unfavorable for foreigners,” the report said.

India is one of the few major under-tapped e-commerce markets, with a retail penetration of just 5%, compared to a global average of 14%.

India’s e-commerce spending is expected to double to over $130 billion in gross merchandise value (GMV) by 2025, with online shoppers expected to reach 300 million. Growth is expected to be driven by new online shoppers, primarily from Tier II/III cities.

“In the grocery sector, we are already seeing a shift from slow e-commerce to fast/instant delivery. In fashion, social commerce and direct-to-consumer brands are growing in popularity,” the report says.

While India is a three-player market – Amazon, Walmart/Flipkart and Reliance’s JioMart – the market remains quite fragmented with significant market differences by market level, product category and distribution models. The report says Amazon leads in major categories (consumer electronics, media) and has done quite well in Tier I cities with 5 million Prime subscribers.

“Reliance leads the eGrocery/online-to-offline categories with 15,000 stores and a stronger inventory-based model,” the report said, adding, “Flipkart retained its leadership in the apparel category with a 2x size But new players like SoftBank-backed Meesho ($5 billion GMV) are gaining faster-growing Tier II/III cities where Amazon has struggled to gain traction , given the low prices and the absence of commissions.

The report says regulations do not allow an inventory-based/1P model for a foreign entity like Amazon. The company has invested in Shoppers Stop (fashion), More (groceries) and a supposed stake in Ecom Express (logistics), but integration has been limited because regulations do not allow full control, according to the report.

Reliance, Amazon’s competitor, has ramped up its e-commerce business, using its stores and an inventory-based model.

Bernstein estimates that Walmart-owned Flipkart leads India’s e-commerce market with annual sales of $23 billion in 2021. Amazon is the second-largest player with $18-20 billion in GMV last year. Trust comes next with e-commerce sales of around $4.6 billion.

“The regulatory market in India remains highly nationalized, prioritizing local companies over international entrants. Global marketplaces like Amazon are forced to run a marketplace structure in India, charging a commission on their platform (Amazon Seller Services),” Bernstein explains.

The report says that without the ability to fully operate and own a 1P business, Amazon instead turned to minority stakes in local offline retailers – More (49% stake) and Shoppers Stop (5%).

“With over 85% of our customers from Tier II/III cities/villages…we pride ourselves on being a livelihood enabler. India’s economic story for small businesses and local stores that rely on us to go online,” an Amazon spokesperson said.

“About 50% of our 1 million sellers come from Tier II/III cities, and more than 100,000 exporters sell to our customers around the world. We are excited by this momentum and remain committed to our promise to digitize 10 million micro, small and medium enterprises, generate 2 million jobs and enable cumulative exports of $20 billion by 2025,” adds the spokesperson.

“The report should be read as a whole. It positions Amazon as a market leader in some major categories with a market share similar to Flipkart and higher than JioMart or Nykaa. It is high time to appreciate the goodness that Amazon, Flipkart and Nykaa have brought to us and not demonize them,” says K Giri, Managing Director of Empower India, a think tank promoting corporate governance in the country.

Is Burberry ready for a new creative direction?

Comment

Italian fashion designer Riccardo Tisci will send his latest creations to the London catwalks in a few weeks. But will this be one of her last collections for Burberry Group Plc?

The British luxury brand is exploring a new creative path and reaching out to designers who could potentially replace Tisci, according to Women’s Wear Daily. The candidates include former Bottega Veneta star Daniel Lee, WWD reported. Burberry said it does not comment on speculation.

Tisci made the most of a tough hand at Burberry, but Jonathan Akeroyd, who became chief executive in March, may want his own pick in the crucial role of creative director. Appointed by Akeroyd’s predecessor, Marco Gobbetti, Tisci has been chief designer since 2018 and has had a respectable tenure as creative helm.

I was long skeptical of Burberry’s decision in 2018 to bring in Tisci. It fell somewhere between the pared-back minimalism of former Céline designer Phoebe Philo and the bold maximalism of Gucci’s Alessandro Michele. While it helped stabilize Burberry, it didn’t create the kind of buzz, or skyrocketing sales growth, that Kering SA achieved with Michele’s grandma chic, characterized by bold prints, logos and trendy knitwear.

That said, Tisci had a tougher job at Burberry than Michele at Gucci, the late Virgil Abloh at Louis Vuitton and Maria Grazia Chiuri at Christian Dior. These brands were already at the top of the retail pyramid, with Burberry operating at the premium level rather than the ultra-luxury level. And elevating a brand, while simultaneously reinvigorating it, is a tall order.

Nonetheless, Tisci has made some strides, such as expanding Burberry’s streetwear range, bringing back the trademark red, black, beige and white plaid, and introducing a new “TB” monogram. He also made the brand more visible by dressing celebrities such as Madonna and Beyoncé. He did all of this while navigating the challenges of the pandemic. A new designer would be able to build on this base.

Daniel Lee, who previously worked under Philo at Celine, reinvigorated Bottega Veneta, taking the brand, best known for its woven leather accessories, from classic to avant-garde. It introduced a new, more streamlined aesthetic. After the garishness of Gucci, it changed the general direction of fashion once again. New handbag shapes such as the Cassette and the soft Pouch have been well received. The Entrelac mules have also been emulated on the main street.

These clean designs would pair well with trench coats from Burberry, although Lee would also be wise to work in the Burberry check. If he could repeat the success he has had with Bottega’s line of handbags, it would boost Burberry’s efforts in accessories – the luxury industry’s profit engine. That Lee is British also helps. Akeroyd should aim to further enhance the heritage of the brand. There’s room for a British luxury powerhouse to rival its French and Italian rivals.

Lee abruptly parted ways with Kering last November, but Akeroyd is no stranger to creative talent. At Versace de Capri Holdings Ltd., he worked closely with Donatella Versace.

Luxury has been in tears for two years, but there are questions about whether this growth is sustainable, given the impact of lockdowns in China and inflation in the United States. Meanwhile, Prada SpA, a key competitor to Burberry, is becoming increasingly popular with younger shoppers.

Whether it is Tisci or another designer who presents future Burberry collections, they will do so in a more difficult context.

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

More stories like this are available at bloomberg.com/opinion

North America sees increased hiring in apparel industrial automation positions

North America extended its dominance for industrial automation hiring among apparel companies in the three months to June.

The number of roles in North America accounted for 85.4% of total industrial automation employment, up from 73.1% in the same quarter last year.

This was followed by Europe, which saw a 1.1 percentage point year-on-year change in industrial automation roles.

The figures are compiled by GlobalData, which tracks the number of new job postings from key companies in various sectors over time. Using textual analysis, these job postings are then categorized by topic.

GlobalData’s thematic approach to industry activity aims to group key company information by topic to see which companies are best positioned to weather the coming disruptions in their industries.

These key topics, which include industrial automation, are chosen to cover “any issue that keeps a CEO up at night.”

Tracking them through job postings allows us to see which companies are leading the way on specific issues and which are dragging their feet – and more importantly where the market is growing and contracting.

Which countries are seeing the fastest growth in industrial automation job openings in the apparel industry?

The fastest growing country was the United States, which saw 69.6% of all industrial automation job openings in the three months ending June 2021, rising to 84.8 % in the three months ending June this year.

Next come Belgium (up 1.2 percentage points), France (0.7) and Switzerland (0.2).

The top country for industrial automation jobs in the apparel industry is the United States, which saw 84.8% of all advertised jobs in the three months ending June.

What are the most important cities and locations for factory automation workers in the garment industry?

Some 13.1% of all industrial automation jobs in the apparel industry were advertised in Portland (US) in the three months to June.

Next come Manhattan Beach (USA) with 9.9%, Moreno Valley (USA) with 7% and Greensboro (USA) with 4.1%.

Mentions of industrial automation in filings of fashion industry companies increased by 75% between the first and second quarters of 2022.

Related companies

CCI approves purchase of Caladium’s 7.49% stake in Aditya Birla Fashion

The Competition Commission of India (CCI) has approved Caladium Investment Pte. Acquisition by GIC Investor of an approximate 7.49% stake in Aditya Birla Fashion and Retail Ltd on a fully diluted basis through a preferential issuance of shares and warrants.

Caladium Investment Pte. ltd. (Acquirer/GIC Investor) is 100% owned by Lathe Investment Pvt Ltd, which is in turn 100% owned by GIC (Ventures) Pvt Ltd (GIC Ventures).

The Investor GIC is a special purpose entity organized as a limited liability company in Singapore which is part of a group of investment holding companies managed by GIC Special Investments Private Ltd (GICSI).

Aditya Birla Fashion and Retail Ltd (Target/ABFRL) is a publicly traded company which, together with its subsidiaries, is engaged in the manufacture and retail of branded clothing, footwear and accessories (AFA).

AFA operates across India through its retail stores, as well as distribution through its exclusive outlets and Pantaloons stores, multi-brand outlets, stores in departmental stores, own online retail platforms and its third-party e-commerce marketplaces.

OLAM AGRI HOLDINGS

CCI also approved the acquisition of shares in Olam Agri Holdings Pte. Ltd by SALIC International Investment Company

The proposed combination relates to the acquisition of a 35.43% stake in Olam Agri Holdings Pte. ltd. (Olam Agri / Target) by SALIC International Investment Company (SIIC/Acquirer).

SIIC is an unlisted limited liability company based in Riyadh, Saudi Arabia. It is fully owned and controlled by Saudi Agricultural and Livestock Investment Corporation (SALIC).

SALIC is a Saudi investment company, active in the agricultural and food industries with investments both in Saudi Arabia and other countries. SIIC was created to hold the international investments of SALIC.

Olam Agri is a company incorporated and based in Singapore and operates as a merchant and processor of agricultural products. It is active across the entire agriculture value chain – farming, sourcing, wholesale, processing, refining and distribution. More specifically, Olam Agri, both directly and indirectly, is involved in the sale of various agricultural products including rice in India at both wholesale and retail level.

ADITYA MARKETING-UMANG MERGER

ICC has approved the merger of Aditya Marketing and Manufacturing Pvt Ltd with Umang Commercial Company Pvt Ltd.

Umang Commercial Company (Acquirer) is part of the Aditya Birla Group. The acquirer is an investment holding company and holds interests in various entities on behalf of Kumar Mangalam Birla and/or his family. The acquirer is registered with the Reserve Bank of India as a Non-Banking Financial Company (NBFC).

Aditya Marketing and Manufacturing Pvt Ltd (Target) is part of the BK Birla Group, a diversified group with operations in various industry sectors. Target is an investment holding company and holds stakes in various entities in the name of the late Basant Kumar Birla and his family (BKB family). The target is registered with the RBI as NBFC.

The proposed combination involves the merger of the target into the acquirer pursuant to the Scheme of Amalgamation under sections 230 and 232 of the Companies Act, 2013 (Scheme).

Following the merger and pursuant to the plan, the shares held by the target in various entities will be transferred to the acquirer. Accordingly, the acquiring group will acquire control of the following listed and unlisted entities:

a. Padmavati Investment Private Ltd;

b. Pilani Investment and Industries Corporation Ltd;

vs. Century Textiles and Industries Ltd;

D. Century Enka Ltd; and

e. Ganesh Tubes and Services Private Ltd.

Published on

August 30, 2022

Global Surgical Apparel Industry Set to Grow $3 Billion Between 2022 and 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Global Surgical Clothing Market 2022-2026” has been added to from ResearchAndMarkets.com offer.

The publisher monitors the surgical wear market and it is poised to grow $3.04 billion between 2022 and 2026, growing at a CAGR of 14.38% during the forecast period.

The Surgical Clothing Market report provides an overall analysis, market size and forecast, trends, growth drivers, and challenges, and vendor analysis covering around 25 vendors.

The report offers up-to-date analysis regarding the current global market scenario, latest trends and drivers, and overall market environment. The market is driven by increasing stringent government regulations and rise in bacterial infections and hospital-acquired infections.

The Surgical Clothing Market analysis includes type segment and geographical landscape. This study identifies the growing number of surgical procedures as one of the major reasons for the growth of the surgical clothing market over the next few years.

Companies cited

  • AD Surgery

  • Ansel Ltd.

  • Cardinal Health Inc.

  • DuPont de Nemours Inc.

  • Dynarex Corp.

  • Medline Industries Inc.

  • Owens and Minor Inc.

  • Paul Hartmann AG

  • Priontex

  • Synergy Medical Inc.

The Surgical Clothing Market report covers the following areas:

  • Surgical Garments Market Size

  • Surgical Clothing Market Forecast

  • Surgical Clothing Market Industry Analysis

The study was conducted using an objective combination of primary and secondary information, including contributions from key industry participants. The report contains a comprehensive market and vendor landscape in addition to an analysis of major vendors.

The publisher presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources by analysis of key parameters such as profit, prices, competition and specials. It presents various facets of the market by identifying the major industry influencers. The data presented is comprehensive, reliable and the result of extensive research – both primary and secondary. Market research reports provide a comprehensive competitive landscape and in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Main topics covered:

1. Summary

2. Market landscape

  • Market ecosystem

  • Value chain analysis

3. Market sizing

  • Market definition

  • Market segment analysis

  • Market size 2021

  • Market outlook: forecast for 2021-2026

4. Five forces analysis

5. Market Segmentation by Type

  • Market segments

  • Comparison by type

  • Disposable – Market size and forecast 2021-2026

  • Reusable – Market size and forecast 2021-2026

  • Market Opportunity by Type

6. Customer Landscape

7. Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2021-2026

  • Europe – Market size and forecast 2021-2026

  • Asia – Market size and forecast 2021-2026

  • ROW – Market size and forecast 2021-2026

  • Main leading countries

  • Market Opportunity By Geographic Landscape

  • Market factors

  • Market challenges

  • Market trends

8. Supplier Landscape

  • Insight

  • Landscape disturbance

9. Vendor Analysis

  • Suppliers Covered

  • Positioning on the supplier market

10. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/6tf112

Madison Beer exploited as a Fenty Beauty ambassador: details, photos – WWD

Madison Beer has been named Fenty Beauty’s latest ambassador.

On Monday, the cosmetics line, founded by Rihanna, said the singer was its new face.

Beer also posted on her official Instagram account that she’s joined the Fenty family, using their products for the look of the music video for her new song “Dangerous,” which premiered on Friday.

“I idolize Rihanna and knowing that she created Fenty Beauty to make beauty more accessible to people of all skin types and tones is a perfect example of why,” Beer said. “These products have been created with so much thought and attention to detail, their quality is second to none. I use Fenty throughout my routine, from foundation and contour to bronzer and blush. lips. Being invited to be a part of this incredible community that she created was a real “pinch” moment for me.

Some of the products used in the video included the Eaze Drop’Lit All-Over Glow Enhancer, the latest launch in the line, as well as some of its best-selling products such as the Match Stix Correcting Skinstick, Contour Skinstick and Full Frontal Volume, Lift & Curl Mascara.

Some of the must-have products the Fenty singer suggests are Killawatt Freestyle Highlighter in Ginger Binge/Moscow Mule and Pro Filt’r Soft Matte Longwear Foundation in 280 or 260.

Beer joins a roster of stars, including Netflix’s “Outer Banks” Madison Bailey, and Netflix’s “Bling Empire” entrepreneur and reality star Kane Lim, as the new faces of Fenty Beauty in 2022.

Exclusive | “I want to dress Deepika and Ranveer in Kamal Haasan’s House Of Khaddar brand,” says brand stylist/designer Amritha Ram

Kamal Haasan took the world by surprise when he launched his clothing brand ‘KH House Of Khaddar’ or maybe it was always meant to happen considering his prowess as a fashion icon. No one can deny the fact that Indian cinema’s Ulaga Nayagan has inspired generations with her ultra-chic style – and the only person who has witnessed it up close has to be her stylist and designer Amritha Ram.

Amritha has not only styled Kamal Haasan for years but has also worked closely with the biggest stars in the South including Vikram, Jr NTR and Dulquer Salmaan. But, the same woman who has given us so many iconic looks over the years has a new role to play.

She is the one who carries Kamal’s vision in terms of branding and rebranding Khadi as a must-have fabric.

The ace designer launched ‘KH House Of Khaddar alongside Kamal Hassan in 2021 and in her chat with News18 she talks about the brand, her journey with Kamal Hassan, working with big stars in the industry and of what awaits us-

1. To begin, it is mandatory that we begin by asking you how the House of Khaddar brand came to be.
– Well, whether you call it an accident or fate, I don’t know, but I guess we got lucky with the brand. I was touring with Shruti Hassan in Hyderabad at the time and also had Big Boss, so I was doing both. While in Hyderabad I came across a community of weavers and got to see the fabric they were working with and the word exceptional would be an understatement.

I was excited and even though the person who made all the jackets for Kamal Sir was on leave, I asked the rest of the team to start working with it. With Kamal Sir it’s like he’ll never approve more than two models at a time so I kind of set it up that way but I was a bit skeptical and I ombre dyes the fabric.

So one day I showed him the fabric and told him it was Khadi and he was impressed and immediately gave me the go-ahead to make him a suit. There was no going back after that, he wanted me to design and style him for the next two weeks with the same fabric. Sir, found the material so versatile that we literally jumped at the idea of ​​having a brand that would work with such a gorgeous fabric.

2. Paris Fashion Week turned completely in favor of the brand. So did you see this coming long in advance, were you ready for this?
-I don’t mean to sound too pompous or anything, but at the expense of sounding so, we had a plan sorted for Kamal Haasan’s House Of Khaddar (KHHK). We always wanted to make it global, that’s why we had the launch in Chicago. Kamal Sir always told us we had to try more variations like denim and stretch, the denim really worked and the day we did the fittings followed by the show in Paris, I remember everyone came to us and felt the fabric. It felt so good that the fabric was finally the star of the show and getting all the love it deserved.

When you think of Khadi you think of muted shades which is exactly why we decided to make the collection pop as mentor and brand owner there was so much support from Sir which lifted our spirits and yes, the world could see the collection and appreciate it.

3. You experience so much with kadhi, which is an Indian weaving loom at its core. Have you always wanted to do something like this as a designer and stylist?
– Of course, when I was a student at the Fashion Institute of Technology in New York, my first project collection was called East Meets West and with that I was able to explore different types of handlooms but Khadi was really indecisive, I didn’t know there would be a time somewhere in the future when I would work so much with it.

4. Now we see that the brand has also dipped into denim, kind of a major departure from Khadi, right? And so much has already been done with denim, what are you doing differently?
– We tapped into the university or the Letterman, to begin with. Letterman has been around for so long, but then we thought of bringing some Letterman jackets. We also made bohemian pants with denim, which became huge – we added a bohemian touch to the denim without deteriorating it or taking away the shine of the natural fabric. We added khadi fabrics printed with the denim which gives it a great look. KHHK will continue to work with khadi, but at the same time we would also like to explore other fabrics, yes, as I said, khadi will be our main focus.

5. Moving on, you’re still styling films and managing the brand, what are the differences or similarities when it comes to doing that and how do you manage the two? And, are there any movies in the works that we should look forward to?
– Yes, I will continue to do styling for films because that’s really my thing but I will have to be a little picky when it comes to choosing projects because I have the brand now too. I have two films in preparation, one of them was produced by Vetrimaaran and yes we are going to start shooting Indian 2 which is directed by S. Shankar.

Talking about the similarities and differences, the first point is certainly that my brand is based on who we are, but when I work for films, it depends on the director and the cinematographer. The only two similar things between the two are your aesthetics and your hard work. My journey has been great and I wouldn’t want it to be any other way.

6. You got a lot of praise for ‘Vada Chennai’, a period drama you did with Dhanush. Can you tell us a bit about the whole process?
– ‘Vada Chennai’ was a journey in itself and we were all there together, it was a crazy process to be very honest. I created a dress bible for Vetrimaaran Sir with fabric cutouts and pictures. I was going to old photo studios to source these reference images, I went alone to Kasimedu to understand the differentiation of the garment and the thought process behind it. It was a very constructive process, the 90s were a very tricky time because there was so much going on and getting that on screen and finding suitable clothes was really difficult. My thank you moment from filming was when we asked Dhanush to wear a purple t-shirt and he loved it. The film is really close to my heart!

seven. You have successfully worked with all the big stars in the Tamil, Telegu and Malayalam film industries – would you say the stars are ready to experience themselves even behind the cameras?
– Oh yes, absolutely they are always trying to do something new and I have to share, someone like Dulquer is obsessed with something as small as experimenting with corks. With the number of caps and shoes he has, the world will be surprised. All the celebrities I’ve worked with have their eye on what they like and they insist on picking their own stuff, which is fantastic. Shruti Haasan, for example, likes to experiment a lot, whether it’s for film or her personal life, she adds her own charm and quirks to everything she does – people love that, don’t they?

8. Do you have a list of people you would like to work with in the future?
– I’m a director designer so I think I would really love to work with Sanjay Leela Bhansali for sure and of course Karan Johar. Also, my goal is to style Deepika and Ranveer in Kamal Haasan’s House Of Khaddar brand. They are so amazing and I really feel they are going to totally nail the look, I can’t wait to see them in our new collection.

9. Finally, to come back to House Of Khaddar, what is the future of the brand?
– So many things are waiting for us in the future, it was not easy to launch a brand in foreign soil and we were the only Indian brand in the trade exchange in the United States, so we have it in us to do it and we will. We will definitely be experimenting with more Indian fabrics and creating fusions that will be diverse in nature. And, not to mention, you can expect KHHK’s festive collection. Kamal Sir is known for doing things that have been called impossible before and his brand will too.

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Kornit Digital Ltd. (NASDAQ:KRNT) Receives Consensus Rating of “Hold” from Analysts

Shares of Kornit Digital Ltd. (NASDAQ: KRNT- Get a rating) received an average rating of “Hold” by the seven research companies that cover the business, reports MarketBeat.com. One financial analyst rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The 1-year average price target among analysts who updated their coverage on the stock in the past year is $75.60.

KRNT has been the subject of a number of research reports. Citigroup lowered its price target on Kornit Digital from $90.00 to $50.00 and set a “buy” rating on the stock in a Wednesday, July 6 research note. TheStreet downgraded Kornit Digital from a “c-” rating to a “d+” rating in a Thursday, June 2 research note. Stifel Nicolaus downgraded Kornit Digital from a “buy” rating to a “hold” rating and lowered his price target for the stock from $100.00 to $50.00 in a Wednesday July 6 research note. Needham & Company LLC raised its price target on Kornit Digital from $38.00 to $46.00 and gave the stock a “buy” rating in a Thursday, August 11 research note. Finally, Craig Hallum raised his price target on Kornit Digital from $26.00 to $32.00 and gave the stock a “holding” rating in a Thursday, August 11 research note.

Hedge funds weigh on Kornit Digital

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A number of hedge funds have recently changed their holdings of KRNT. Artisan Partners Limited Partnership increased its equity stake in Kornit Digital by 36.2% in Q2. Artisan Partners Limited Partnership now owns 3,241,469 shares of the industrial products company worth $102,755,000 after acquiring an additional 861,609 shares in the last quarter. William Blair Investment Management LLC increased its holdings of Kornit Digital shares by 192.5% during the fourth quarter. William Blair Investment Management LLC now owns 1,043,608 shares of the industrial products company valued at $158,889,000 after purchasing an additional 686,870 shares last quarter. Alliancebernstein LP increased its equity stake in Kornit Digital by 754.3% during the fourth quarter. Alliancebernstein LP now owns 739,735 shares of the industrial products company valued at $112,625,000 after purchasing an additional 653,143 shares last quarter. Artemis Investment Management LLP increased its holdings of Kornit Digital shares by 82.7% in the first quarter. Artemis Investment Management LLP now owns 1,031,789 shares of the industrial products company valued at $85,230,000 after buying an additional 466,994 shares last quarter. Finally, Meitav Dash Investments Ltd. increased its holdings of Kornit Digital shares by 54.8% during the second quarter. Meitav Dash Investments Ltd. now owns 1,090,214 shares of the industrial products company valued at $34,429,000 after purchasing an additional 385,942 shares last quarter. 92.13% of the shares are currently held by institutional investors and hedge funds.

Kornit Digital Trading down 4.7%

The NASDAQ KRNT opened at $30.31 on Friday. Kornit Digital has a 52-week low of $20.40 and a 52-week high of $181.38. The stock has a market capitalization of $1.50 billion, a price-earnings ratio of -77.72 and a beta of 1.82. The company has a 50-day moving average price of $29.86 and a two-hundred-day moving average price of $54.86.

Kornit Digital (NASDAQ:KRNT- Get a rating) last announced its results on Wednesday, August 10. The industrial products company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.06). The company posted revenue of $62.50 million for the quarter, versus a consensus estimate of $58.00 million. Kornit Digital posted a negative return on equity of 1.89% and a negative net margin of 6.29%. Kornit Digital’s revenue for the quarter decreased 29.2% year over year. During the same period of the previous year, the company achieved EPS of $0.15. As a group, equity research analysts expect Kornit Digital to post -0.93 earnings per share for the current fiscal year.

Company Profile Kornit Digital

(Get a rating)

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the fashion, apparel and home décor segments of the printed textile industry in the United States, Europe, Middle East, Africa, Asia-Pacific and internationally. The company’s solutions include digital printing systems, ink and other consumables, associated software and value-added services.

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Analyst Recommendations for Kornit Digital (NASDAQ: KRNT)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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Nerunerune DIY Candy Make Wine Flavor For Adults, Collaborate With International Fashion Magazine

Recently in Japan, there is a trend in which products loved mainly by children come out with limited versions aimed at adults. For example, for several years now, Japanese children’s favorite popsicle brand ガリガリ君 GariGarikun has had a 大人の (otona no | literally “adult”) to more complex or refined “adult” tastes. We’ve also seen how Pocky released adult versions of their popular chocolate candies with a champagne flavor or designed to be paired with whiskey or wine.

While GariGarikun and Pocky are often enjoyed by adults as well, some products are almost exclusively enjoyed by children. For example, the children’s DIY candy brand Nerunerune.

As an “educational candy” sold by Kracie Holdings Ltd, Nerunerune has been around since 1986, delighting children with its fun DIY style where you add water to different powders to create chewy or creamy textures and color changes , sometimes with molds and tools. provided you create various shapes according to a theme such as sushi or burgers.

But now it looks like even Nerunerune isn’t immune to the “grown-up” limited edition trend.

Nerunerune for adults

Literally meaning “Adult Nerunerune”, 大人のねるねるねるね otona pas nerunerunerune contains Concord red grape juice and Chardonnay white grape juice, creating “authentic red and white grape flavor” with moderate sweetness. To this, Kracie Holdings has added its own original wine flavor. The result of considerable effort, this aroma was developed by analyzing red and white wines specifically selected by a sommelier for their compatibility with Nerunerunerune. The company also changed the texture of the candy, making it chewier and lighter than the standard type, for a more sophisticated mouthfeel.

nerunerunerune_2.jpg

The graph above explains how the aroma of the wine was obtained. For red wine, ethyl cinnamate was isolated from a wine made from New Zealand-grown Pinot Noir grapes that was light and aromatic with berry notes. For white wine, citronellol was isolated from a wine made from Gewürztraminer grapes grown in France which has a tropical bouquet with hints of rose and lychee.

Collaboration with Number TOKYO

If the wine’s sophisticated flavor isn’t enough to convince you it’s an adult product, Kracie Holdings has collaborated with international fashion magazine Numéro TOKYO on a promotional video:

In addition, from September 26 to October 2, the advertising visuals you see below will be displayed in the alternative youth shopping areas of Ura-Harajuku and “Cat Street” in Tokyo’s Shibuya district. If you see them, you can use the hashtag #大人のねるねるねるね.

nerunerunerune_3.jpg

Product information

大人のねるねるねるね otona pas nerunerunerune will go on sale on September 5 and will be available at supermarkets, pharmacies and convenience stores across Japan.

Read more Japan grape stories.

– The sandy beach meets the cerulean sea in a magnificent cheesecake prepared by a Japanese culinary creator

— Diners barely realize the bounty of the Japanese cafe’s breakfast

– Woman who ate over 8,500 curry buns becomes president of Japan Curry Bread Association

  • external link

  • https://grapee.jp/en/

© Grape Japan

3 no-brainer stocks you should buy right now

Most investors know that the market has been volatile for the past few months. What’s less obvious is that a handful of big stocks have underperformed during this period for all the wrong reasons, rocked by all the back and forth. Of course, seasoned investors know it’s where and when the best bargains are often found.

With that as a backdrop, here’s a look at three obvious stocks to buy while they’re down for reasons that don’t quite make sense. Their weakness is not only temporary, but could also easily resolve sooner rather than later.

Kraft-Heinz

The recent past has been tough for all stocks, but it has been particularly tough for consumer names. Investors feared (and understandably) that runaway inflation would weigh heavily on the results of these companies. And in some cases, that’s exactly how things happened.

In many other cases, however, these organizations have taken the blows of inflation. The Kraft Heinz Company (KHC -1.29%) is one of them. Last quarter organic sales increased 10.1% year over year despite price increases of 12.4%. It’s because consumers pay higher prices — they have to eat, after all.

The company’s biggest challenges are logistical headaches and managing shifting consumer preferences from home cooking to catering. Even then, Kraft Heinz management is content with the foreseeable future. The revenue forecast for the rest of the year went from a mid-single-digit increase to a high-single-digit increase.

The kicker is the dividend. Relative weakness in Kraft Heinz shares helped the dividend yield climb to 4.2%, which is among the highest in the packaged food industry.

The affordability of this dividend payment is also not in question. The net payout of $0.80 per share in the first two quarters of the year is only about 60% of the $1.30 per share that Kraft Heinz earned during that six-month period. And the annual net income of $2.69 per share that analysts are modeling for the year means the rest of the year’s payouts should be easily covered.

Nike

sportswear manufacturer Nike (NKE -4.36%) is another name that has seen its stock suffer lately largely for the wrong reasons. Shares are down nearly 40% since November’s peak, thanks to disrupted supply chains and – now – brewing economic weakness. While the 3% currency-neutral sales growth in the quarter ending May is enviable for some for-profit organizations, by Nike’s historical standards, it’s a slump.

But take a step back and look at the big picture: it’s Nike. It is the world leader in sports footwear and one of the biggest names in the sportswear market. It’s also one of the world’s best-known all-purpose brands, consistently ranking in the top 20 and standing shoulder-to-shoulder with venerable brands such as waltz disney and Coca Cola.

This kind of reach makes a huge difference in environments that aren’t plagued by challenges like runaway inflation and broken supply chains. But these challenges are only temporary. Once they subside and Nike’s operations return to their pre-pandemic norms, look for top line growth and results to follow suit.

Indeed, the company could even come back stronger than ever. The COVID-19 pandemic has accelerated Nike’s efforts to become more self-sufficient by operating more of its own stores and expanding its own online shopping presence. To that end, 40% of its revenue now comes from direct-to-consumer sales rather than wholesale, while online sales last quarter grew 18% on a currency-neutral basis.

Etsy

Finally, add Etsy (ETSY -3.76%) to your list of obvious stocks to buy now.

Much like Nike and somewhat like Kraft Heinz, Etsy stocks haven’t had a particularly great year. Despite jumping late last month after the release of second quarter numbers that beat estimates, the stock is still down more than 60% from the November high and much closer to new lows. June over 52 weeks. In fact, all of the profit-driven upside was returned, and more.

The addition of only 6 million new buyers last quarter is also a relative disappointment; although better than expected, gross sales for the quarter in question were essentially flat year-over-year. While most investors understand the potential of an e-commerce website with a crafty, crafty feel that a rival like Amazon.co.uk simply cannot replicate, Etsy has yet to demonstrate that it can still live up to all of its previous hype.

If there was ever a time not to jump to conclusions on Etsy, this is it. Among the current sources of confusion are tax comparisons to a time when the COVID-19 pandemic was still generating much of its revenue, in addition to attracting new buyers to the site.

It’s also worth noting that Etsy imposed higher seller fees starting in April, increasing them from 5% to 6.5%. Many sellers rioted that month by halting sales for a week. Others may have left the platform altogether, seeking greener pastures (and lower selling fees) on sites like Mercari or eBay. Yet, ultimately, the higher selling fees will be invested in the growth of the platform. The increase may also leave Etsy with higher volume sellers able to fill the platform with more products, perhaps at lower prices.

It could take several quarters for this uptick to become evident. With the stock as low as it is now, the price is worth it.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a board member of The Motley Fool. James Brumley has no position in any of the stocks mentioned. The Motley Fool holds positions and recommends Amazon, Etsy, Nike and Walt Disney.

The Motley Fool recommends Kraft Heinz and eBay and recommends the following options: January 2024 Long Calls $145 on Walt Disney, January 2024 Long Calls $47.50 on Coca-Cola, January 2024 Short Calls $155 on Walt Disney and $50 Short Calls October 2022 on eBay. The Motley Fool has a disclosure policy.

Chicago luxury retailer SVRN unveils million dollar store

CHICAGO, Aug. 26, 2022 (GLOBE NEWSWIRE) — SVRN, Chicago’s multi-brand luxury retailer, announced that its West Loop storefront has now reopened with an extensive expansion and visionary renovation. Korean architecture firm WGNB, winner of Dezeen’s 2021 Emerging Interior Design Studio of the Year, oversaw the redesign, paying homage to SVRN CEO David Kim’s Korean heritage and history of perseverance that helped his family create a successful business. The Kim family has fought many battles to keep their business afloat, including burning down their first store and other rebuilds over the years due to looting and destruction. The remodel features a deliberate blend of man-made and natural shapes and materials while personifying the juxtaposition between balance and tension that helped the Kim family business grow and evolve, ultimately leading to the elevated and more conceptual SVRN. The new space elevates Chicago’s retail fashion industry, showcasing the never-before-seen approach to experimentalism and intersectionality. The storefront celebrates the remodel with a grand reopening party on September 1, 2022.

“Embodying the Eastern philosophy, SVRN’s lens would speak of collections that are not just the product of fashion and trends, but beyond clothing,” said Jonghwan Baek, Creative Director of WGNB. David Kim, CEO of SVRN, agrees with Baek’s philosophy, saying, “WGNB has been able to execute my family’s story of perseverance through an artistic lens, where building our store elevates not just the Chicago retail environment, but portrays a strong message. “

This announcement comes after 14 months of meticulous planning and design work, as well as a five-month shutdown period for SVRN. The storefront is thrilled to open and share this new experience with Chicago.

SVRN remodel details:

• WGNB’s first-ever North American project run in parallel with HNR and Helios.

• Additional expansion of 1,200 square feet.

• Materials like stainless steel and Venetian plaster are used in sync with natural volcanic rocks, blackened wood and linen, conveying a juxtaposition of intersectionality that is central to SVRN’s brand image.

About SVRN

SVRN is a luxury retail space located in Chicago’s West Loop that carries high-end brands such as Rick Owens, Maison Margiela, Jil Sander and many more. This store is the result of 40 years of activity with a history unlike any other store in our city. More than that, it’s the result of a South Korean family that immigrated to the United States with next to nothing; no resources, wealth or connections. Now considered one of the city’s only experimental fashion showcases, SVRN is a destination point in the United States for local and foreign fashion enthusiasts. With this remodel, SVRN aims to be a hub for self-expression through the intersection of fashion, art, design and culture. Feel free to access our website and Instagram. If further information is needed or if you would like to attend our grand reopening event, please contact SVRN at [email protected] or +1 (630) 441-5635.

###

Related Files

WGNB_SVRN Schematic Design Submission Package_Final.pdf

BRAND DECK REDUCED SIZE 2.pdf

Related Images

Image 1: Renovation and extension of the SVRN

Photograph of the front (west) side of SVRN’s recently completed renovation and expansion. Photos courtesy of WGNB

This content was posted through the press release distribution service on Newswire.com.

Overview of the Global Sports Sunglasses Market to 2027

DUBLIN, August 26, 2022 /PRNewswire/ — The “Global Sports Sunglasses Market (2022-2027) by Type, Gender, Distribution Channel, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.

The global sports sunglasses market is estimated at $3.78 billion in 2022 and should reach $5.19 billion by 2027 at a CAGR of 6.56%.

Market dynamics are forces that affect prices and stakeholder behaviors. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macro-economic and micro-economic factors.

There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals. As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

Company Profiles

The report provides a detailed analysis of competitors in the market. It covers the analysis of financial performance of listed companies in the market. The report also offers detailed information about recent development and competitive scenario of the companies. Some of the companies covered in this report are Adidas, Assos, Bliz, Bloc (Thinkful), Bolle, Callaway, etc.

Countries studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United StatesRest of the Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Swiss, UKRest of Europe)
  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emiratesrest of the MEA)
  • Asia Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, TaiwanRest of Asia Pacific)

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the global sports sunglasses market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification.

The matrix is ​​also used for risk analysis to understand the risk associated with each approach. The analyst analyzes the global sports sunglasses market using the Ansoff Matrix to provide the best approaches a company can take to improve its position in the market. Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the global sports sunglasses market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.
  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.
  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.
  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.

Main topics covered:

1 Description of the report

2 Research methodology

3 Executive summary

4 Market dynamics
4.1 Drivers
4.1.1 Increase in Number of Exclusive Sports Stores and Sports Equipment Outlets in Developing Countries
4.1.2 Increased awareness of eye protection during outdoor sports
4.1.3 Rising standard of living and rising fashion trends
4.1.4 Increased public investment in sporting events
4.2 Constraints
4.2.1 Availability of counterfeit products
4.2.2 Allergies linked to sports glasses
4.3 Opportunities
4.3.1 Technological innovation
4.3.2 Rise in the tendency to wear tinted sports sunglasses
4.4 Challenges
4.4.1 Lead to inconvenience and security issues

5 Market Analysis
5.1 Regulatory scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff matrix analysis

6 Global Sports Sunglasses Market, by Type
6.1 Presentation
6.2 Polarized
6.3 Non-polarized

7 Global Sports Sunglasses Market, By Gender
7.1 Presentation
7.2 Man
7.3 Woman
7.4 Unisex

8 Global Sports Sunglasses Market, by Distribution Channel
8.1 Presentation
8.2 Hypermarket/Supermarket
8.3 Specialized store
8.4 Brand outlets
8.5 Online sales channel

9 Americas Sports Sunglasses Market
9.1 Presentation
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of the Americas

ten Europe sports sunglasses market
10.1 Presentation
10.2 Austria
10.3 Belgium
10.4 Denmark
10.5 Finland
10.6 France
10.7 Germany
10.8 Italy
10.9 Netherlands
10.10 Norway
10.11 Poland
10.12 Russia
10.13 Spain
10.14 Sweden
10:15 a.m. Swiss
10.16 UK
10.17 Rest of Europe

11 Middle East and africa sports sunglasses market
11.1 Presentation
11.2 Egypt
11.3 Israel
11.4 Qatar
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA

12 APAC Sports Sunglasses Market
12.1 Presentation
12.2 Australia
12.3 Bangladesh
12.4 China
12.5 India
12.6 Indonesia
12.7 Japan
12.8 Malaysia
12.9 Philippines
12.10 Singapore
12.11 South Korea
12.12 Sri Lanka
12.13 Thailand
12.14 Taiwan
12.15 Rest of Asia Pacific

13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1M&A and investments
13.3.2 Partnerships and collaborations
13.3.3 Product Developments and Improvements

14 company profiles
14.1 Adidas
14.2 Assos
14.3 Blize
14.4 Blocking (Reflection)
14.5 Bolle
14.6 Callaway
14.7 Costa
14.8 Dirty dog
14.9 Julbo
14.10 Kaenon
14.11 Native Glasses
14.12 Nike
14.13 Oakley
14.14 COP
14.15 Polaroid Glasses
14.16 Prosum
14.17 Rawlings
14.18 Ray-Ban
14.19 Rev
14.20 Rudy
14.21 Smith Optics

15 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/m186ff

Media Contact:
Research and Markets
Laura Woodsenior
[email protected]

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Launch of the Arthur Ashe collection ahead of the US Open – WWD

Jack Carlson is a busy guy.

Not only is he the co-founder and creative director of the fashionable brand Rowing Blazers, but he is also the creative director of Warm & Wonderful, Gyles & George and Arc En Ciel by LeSportSac. And now Carlson has turned his sights to the tennis market as Creative Director of the Arthur Ashe brand.

Carlson has teamed up with Jeanne Moutoussamy-Ashe and the Arthur Ashe estate, as well as former Kith Karl-Raphael Blanchard, on a new tennis and lifestyle brand named after the legendary athlete. Ashe was the first black man to win the US Open and Wimbledon, and was also a civil rights champion at home and abroad. He was also a style designer.

“You have Fred Perry, a British tennis lifestyle brand named after Fred Perry. And Lacoste, a French brand dedicated to the legacy of Rene Lacoste. But there has been no American equivalent. Who better to represent the United States than Arthur Ashe,” Carlson said. “Arthur Ashe has been a hero of mine for a long time. His icy demeanor, effortless style, scholarly approach to sport, drive to win, and determination to stand up for social justice resonate deeply with me. The opportunity to work to create this brand has been a dream come true.

Later in his playing career, Ashe had his own clothing brand, but after his retirement this was discontinued as he focused more on health initiatives, Carlson said.

Blanchard said the brand is meant to “commemorate one of our black heroes who embodied style and grace on and off the court.” He was known for his clean aesthetic in his early years which morphed into flashier styles in the 70s.

The brand offers performance and lifestyle products.

The Arthur Ashe collection will include sports and leisurewear for men and women, including tennis polo shirts, shorts, skirts, sweatshirts, t-shirts, knitwear and accessories, all intended to celebrate the style of ‘Ashe. It includes a reproduction of the United States Davis Cup team warm-up suit he wore during the awards ceremony at Wimbledon in 1975. Prices will range from $25 to $265 and part proceeds will go to the Arthur Ashe Legacy Fund at UCLA (Ashe’s alma mater), and Social Change Fund United, a non-profit organization created by NBA stars Carmelo Anthony, Chris Paul and Dwyane Wade to support issues affecting the community black.

The line will launch online at Arthur Ashe and Rowing Blazers locations as well as two pop-up stores at 2 Rivington Street in New York and on the grounds of the US Open in Flushing, NY.

When a luxury brand hits the refresh button after 20 years

AMPM’s newly furnished store in Delhi’s DLF Emporio mall has no door. The hallway is built like a maze, separating you from the din of the outside world. Inside, you see a well-lit retail store that has more empty space than the everyday luxury brand’s clothing and accessories.

“We declutter,” says Priyanka Modi, Founder and Creative Director of AMPM. “This is how we celebrate our 20th anniversary.

AMPM is one of the rare local brands to have quietly made a name for itself. Ankur and Priyanka Modi, sitting in a small but eye-catching boutique on the corner of Delhi’s Khan Market, launched the brand two decades ago into a very new category for the Indian consumer, everyday luxury. Over the next decade, without much pomp of large billboards and advertising, the brand managed to capture the attention of the buyer who wanted to live inside garments made with luxurious fabrics and narrate the history of India through intricate embroidery and embellishments. The clothes looked modern but traditional.

Read also: “Luxury shopping must be experiential”

Priyanka Modi, Founder and Creative Director of AMPM

Hoping to reach more consumers, designers slowly began to move away from their core belief of everyday luxury, creating semi-formal, even couture lines. “A lot of it was for commercial interests,” admits Priyanka. But about three years ago, the label started considering going back to its roots and rebranding, starting with a new logo, closing stores (they closed nine of their 12 stores across the India; the other three are in Delhi), and to reorganize stores and collections. That’s a big risk, especially if you’re an already established name with a clientele spread across the globe.

In an interview with mint, Priyanka Modi talks about refreshing after 20 years, decluttering and future plans. Edited excerpts:

It’s been 20 years… how does it feel?

As if we were just getting started.

After two decades of creating a brand, you have completely redesigned it. Isn’t it risky?

Every once in a while, to take a leap forward, you have to take a few steps back. About three years ago, we started thinking about what lies ahead for the brand. What were our challenges and what were our advantages? Where did we see each other? It took a lot of courage to analyze our past. We understood that if we were really going to evolve for the future, we had to be honest with ourselves and lay bare our losses and mistakes. with our victories. We started the brand by giving people something relaxed and stylish, a luxury they could experience every day. We realized we wanted to go back to that premise…to operate from our absolute core, unfiltered and unwavering.

Your store has more free space than usual with limited products on display…

Even though we were in the process of designing a retail store, one of the first things we decided to do was end the idea of ​​it being one. It couldn’t seem transactional. It couldn’t be typical. We were therefore inspired by a real house, my house… minimal, with an emphasis on materiality. It shows how little you need to do to create something luxurious. Conventional retail science suggests that we need to display more, to sell more. Most of us have blindly followed this rule of thumb without questioning it. This time we challenged it. We decided that we are not just a luxury offering and therefore need to illustrate it, but also that the product is meticulously designed and detailed and everyone should have their space to shine.

So even though we had doubled our space from its original size, we have halved the merchandise on display, giving the customer the ability to properly view each product.

Has your approach to design also changed with this redesign?

We are working to bring it back to its original promise. The promise of “casual, elegant everyday luxury” we started with and we ensure that every product and every collection is carefully filtered through this lens. It’s about less clutter and more conservation.

What does it take to create a new brand identity after building a 20-year legacy?

Madness and a lot of courage.

And how have you seen the luxury client evolve in 20 years?

Oh, consumption has evolved remarkably. With the advent of social media, global travel and online shopping, luxury buyers now have excellent access to the whole world. Where before style meant “fit in”, now it is a means of expression and allows you to stand out. Your personal style is based on individualism and uniqueness.

And there’s more than enough choice, enough noise and exposure, which makes the customer equally demanding. They travel the world and live multi-faceted lives. So it behooves designers, in general, to allow their transitional lifestyles, products that can take them from day to night, from work to vacation, or even from season to season.

Future plans?

More product lines not limited to clothing. Accessories are already part of the current launch. The jewels will come next, followed by the house. And yes, I’m hoping for an international store soon.

Read also: Why H&M invests in mobile wear

Actress Gina Rodriguez embodies the new face of Anne Klein

Fronts Fall/Winter 2022 Campaign Launch in Harper’s Bazaar

NEW YORK, August 24, 2022 /PRNewswire/ — Iconic American Women’s Fashion Brand Anne-Klein teams up with the Golden Globe Award-winning actress Gina Rodriguez for its Fall/Holiday 2022 campaign, which will launch in the September issue of Harper’s Bazaar.

Rodriguez is best known for her starring role as Jane in the television series Jane the Virgin. Named “Next Big Thing” and one of “Top 35 Latinos Under 35” by The Hollywood Reporter, Rodriguez has also starred in several feature films, including Filly Brown (2012), Deepwater Horizon (2016), Ferdinand (2017), Annihilation (2018), Miss Bala (2019), Someone Good (2019), Scoob! (2020), and voiced the titular character in the Netflix animated action-adventure series Carmen Sandiego.

Rodriguez was chosen not only for her acting prowess, but also for her commitment to philanthropy and female empowerment. She chairs her own We Will Foundation which was founded with her sisters, positioned to empower young Hispanic youth through arts and education and has advocated for a seat at the table for Latina women in the world of production Hollywood.

“Gina exemplifies the Anne Klein brand ethos as she is a leader in her industry and a strong advocate for her community,” said Effy Zinkin, Chief Operating Officer at WHP Global, owner of the Anne Klein brand. “We are honored to have her as the face of our new campaign and as a partner to help advance the brand’s mission to encourage, empower and engage women through content and causes that create and foster the community.”

“I am thrilled to partner with the Anne Klein team and support their efforts to impact future women’s communities,” Rodriguez adds. “I feel blessed to be able to help champion the voices and art of the Latinx community and to partner with like-minded brands that can bring real change.”

Anne Klein’s Fall 2022 campaign was shot in New York City by an award-winning photographer Marc Seliger, who is known for his portraits commemorating some of the biggest names in pop culture on the covers of Rolling Stone, Vanity Fair, Italian VOGUE, Harper’s Bazaar, ELLE and GQ. Rodriguez wears Anne Klein’s Fall 2022 ready-to-wear, shoes, handbags, jewelry, eyewear, watches and outerwear collections. The new fall collection will be available in early September at major retailers including Macy’s, Dillard’s, Belk and online at Nordstrom, Amazon and AnneKlein.com.

Additionally, Rodriguez will support the brand’s cause partner by modeling the winning t-shirt design for Anne Klein’s college design competition which benefits the Fashion Scholarship Fund (FSF), a dedicated national non-profit partner. to sustain, nurture and honor the future. of fashion. The winning design was created by an FSF Fellow, recent SCAD graduate, and Porto Rico native, Valeria Nicole. The commemorative t-shirt will be on sale at Macy’s and AnneKlein.com with a campaign beginning in the October issue of T, The New York Times Style Magazine.

Rodriquez follows the model and the activist Joan Petits as the next star talent of the Anne Klein brand which highlights the dynamic woman every season. New talent will be announced for Spring ’23 and Fall ’23 as part of the two-year global initiative.

To find out more visit anneklein.com.

About Anne Klein

Anne Klein is an iconic women’s fashion brand founded in 1968, serving women around the world with classic American style. The brand’s namesake, Anne Klein herself, started the brand to create stylish sportswear for women and revolutionize the way women think about and shop for clothes. Now owned by WHP Globalthe Anne Klein brand continues to dress women who make an impact on the world, with products sold everywhere North America, ChinaKorea, The Philippines, Mexico and other countries around the world. For more information, visit www.anneklein.com@AnneKlein on Facebook or @AnneKleinOfficial on instagram.

About WHP Global

WHP Global is a leader New York based company that acquires global consumer brands and invests in high-growth distribution channels, including digital commerce platforms and global expansion. WHP owns ANNE KLEIN®, JOSEPH ABBOUD®, LOTTO®, JOE’S JEANS®, WILLIAM RAST®, TOYS”R”US®, BABIES”R”US®, and a controlling interest in fashion brand ISAAC MIZRAHI®, collectively the brands generate around USD $4.5 billion in global retail sales. The company also owns PST+a turnkey direct-to-consumer digital e-commerce platform for brands, with full in-house operations including technology, data analytics, logistics, creative and digital marketing and WHP SOLUTIONS, a sourcing agency in Asia. For more information, please visit www.whp-global.com.

Media Contacts:
Anne-Klein
ATELIER Creative Services, Inc.
Colette Siperly
[email protected]

WHP Global
Jaime Cassavechia
646-701-7041
[email protected]

SOURCEWHP ​​Global

Vow Bridal & Formal Las Vegas Market kicks off with big numbers

Kitty Chen Couture at VOW Bridal & Formal Las Vegas in August 2022. @formalmarkets

International Market Center (IMC) and VOW expanded the already successful Atlanta bridal show and brought a formal fashion market back to the West Coast. VOW Bridal & Formal Las Vegas premiered last week with much higher numbers than expected.

VOW Bridal & Formal Las Vegas filled the Expo at World Market Center Las Vegas from August 15-17 with over 130 individual collections for retailers to view, filling a void for a formal market in the West.

“Buyers needed a bridal and formal sourcing opportunity on the West Coast, and the positive response to the first-ever VOW Bridal & Formal Las Vegas was even better than we imagined,” said Caron Stover. , IMC senior vice president, apparel. . “The ability to connect West Coast brands to domestic shoppers and vice versa makes VOW in Las Vegas a necessary sourcing destination for western-based bridal and formal markets.”

Buyers from 41 states and six countries felt the same way, expressing their excitement for a new regional show.

“I’m so excited that bridal exhibitors now have a market on the West Coast,” said retailer Irene Jochen of Fashion Corner in Sunnyside, Washington. “I’ve been in the industry for 39 years and absolutely see VOW Bridal & Formal Las Vegas as a show I would return to.

Laurie Dickman, owner of Laurie’s Bridal & Formal in Scottsdale, Ariz., said the West Coast “desperately needs this market.”

“I found almost everything I was looking for, the layout was easy to navigate, and it was very easy to do all of my work here at VOW Bridal & Formal Las Vegas,” Dickman added.

Exhibitors were equally excited to expand into a new region.

“It’s been a long time since we’ve seen a bridal market this size in Las Vegas,” said Maribel Diaz of Lotus Threads. “The first VOW Bridal & Formal Las Vegas was amazing and I see a lot of potential in this show going forward.”

In addition to individual collections, retailers were able to preview upcoming trends in the VOW Mannequin Garden and with live presentations on opening day. The next edition of the market will be back in Atlanta in March 2023. VOW plans to return to Las Vegas next August.

See also from GDA:

The best luxury stocks to buy in 2022

As with any economic downturn, the recent recession has brought out the best in some businesses and the worst in others. While some companies have thrived by focusing on value and cost-cutting measures, other luxury goods stocks have struggled to find their footing in this new economy.
Also, while consumers may be more frugal these days and less willing to splurge on luxury goods, that doesn’t mean demand for all luxury items has completely dropped. In fact, according to market research firm Euromonitor International, global spending on luxury goods is expected to grow at a compound annual growth rate of 6% through 2021. Even so, some luxury stocks have held up better than others. others to this evolution towards value and performance. consumption-based.

When it comes to luxury goods, investors are spoiled for choice. From amber-focused stocks to those focused on caviar and other fish roe, there are plenty of opportunities for anyone looking to invest in the high-end market.
But with so many different types of companies making their presence felt in the space, it can be hard to know which stocks might offer the best opportunity right now.

This article takes a look at some of the top luxury goods stocks that investable assets can buy today.

Tapestry, Inc. (TPR)

In a letter sent to investors on Monday, Barclays equity analysts raised the target price they had previously set for Tapestry (NYSE:TPR) from $39.00 to $43.00, as reported in an article published by The Fly. Compared to the most recent price at which the company’s shares traded, the target price provided by Barclays represents a possible upside of 16.75%. At present, Tapestry Stock represents an excellent investment opportunity. Recent events have aroused the curiosity of a significant portion of research analysts working at TPR.

In a research report released by the company on Friday, May 13, Robert W. Baird lowered his price target for Tapestry shares from $55.00 to $45.00 in a research report. The study has been distributed. In a research note released Friday, UBS Group raised its price target for Tapestry from $31.00 to $37.00 and called the company “neutral.” In a research report published on Wednesday, June 15, Jefferies Financial Group raised its price target on Tapestry from $30.00 to $45.00 in a research report that was. in the same report. In a July 7 statement, Wells Fargo & Company reduced its “overweight” rating and price target on Tapestry from $45.00 to $40.00. Additionally, the price target has been reduced from $45.00 to $40.00. Goldman Sachs Group reduced Tapestry’s target price from $39.00 to $35.00 in a research note released Thursday, July 21.

In addition, the investment bank gave the company a “neutral” rating. Eleven market watchers argue for buying the stock, while only five believe investors should hold onto their current holdings. According to information made available by Bloomberg, market analysts have a consensus rating of “Moderate Buy” for the stock, with an average price target of $47.24. The Effectiveness of Using Tapestry Stock On Monday, trading on the NYSE TPR began at a price of $36.63 and continued throughout the day. The quick ratio is 0.95, the current ratio is 1.75, and the debt ratio is 0.73. All these figures are relative to the total amount of debt. All of these figures should be interpreted in light of the lump sum due. The price/earnings ratio is 11.66, the growth price/earnings balance is 0.77 and the beta value is 1.36. The company is currently valued at $9.27 billion on the market.

During its 52-week trading range, Tapestry hit an all-time low of $26.39 and an all-time high of $47.05 at various times. The current price of the stock is $32.98 and $34.51 above its 50-day and 200-day simple moving averages, respectively, at the time of writing. Because the holidays are approaching, it’s high time to refresh your collection of tapestries. On Thursday, August 18, Tapestry (NYSE: TPR) announced its most recent results for its most recent fiscal quarter. Earnings per share for the quarter were reported by the luxury accessories company at $0.78, $0.01 higher than the consensus estimate of $0.77 per share for earnings in the quarter. Actual revenue for the quarter was $1.62 billion, which was lower than the average market expert forecast of $1.64 billion for the quarter. Tapestry earned a return of 34.37% on its equity investment, while the company’s net margin was 12.81%. Tapestry revenue increased 6% from the same quarter a year ago.

Compared to the prior year results for the same quarter, the company reported earnings per share of $0.74. According to industry analysts, Tapestry is expected to earn earnings per share (EPS) of 3.8 for the current fiscal year. News that Tapestry’s board of directors had approved a share buyback program with a maximum spending limit of $1.50 billion was revealed in an announcement released by the company on May 12. Under the terms of this repurchase authorization, the high-end accessories retailer is entitled to acquire up to 18% of its shares in the public market and can do so at any time. When a company announces its intention to buy back its debt, it is usually a signal that the board of directors believes that the stock is trading at a price lower than its true value. Indeed, the repurchase of shares is an expensive business. Comment on the Tapestry of Hedge Funds, there is a list here where to find Tapestry and Tapes TPR shares have been bought and sold by several prominent investors over the past few months. Brown Brothers Harriman & Co. increased its holdings of Tapestry shares by 340.7% in the first three months of the year. The value of the 661 shares of luxury accessories retailer that Brown Brothers Harriman & Co. now owns is $25,000, and the company currently owns those shares. The purchase of 511 additional shares made it possible to achieve this objective.

In the first three months of 2018, Capital Analysts LLC paid nearly $28,000 to buy a new investment in Tapestry. This was done for the purpose of buying the asset. Ronald Blue Trust Inc. purchased a new investment in Tapestry during the second fiscal quarter for nearly thirty thousand dollars (USD). During the fourth quarter of 2018, Confluence Wealth Services Inc. made a new investment in Tapestry in the amount of approximately $33,000 for an equity stake in the company. Last but not least, during the first quarter of 2018, AllSquare Wealth Management LLC purchased a new investment in Tapestry for nearly $39,000. This is certainly not the least of their accomplishments. Hedge funds and many other institutional investors own 89.75% of the outstanding shares.

The distribution of luxury accessories and branded leisure products is the main objective and specialization of the company. Coach, Kate Spade and Stuart Weitzman are the names of the three distinct divisions that make up the company. Wallets, money clips, bracelets, cosmetic cases, and novelty items such as address books, time-saving devices, travel gadgets, sketchbooks, wallets, Key chains and charms are examples of the types of products that fall into the women’s accessories category. Wallets, money clips, bracelets, and cosmetic cases are examples of items that fall into the category of men’s accessories.

Compagnie Financière Richemont SA (CFRUY)

Compagnie Financière Richemont SA (OTCMKTS:CFRUY), which thirteen rating agencies now monitor, received a recommendation that is, on average, “Moderate Buy”, as reported by Bloomberg. Nine separate financial analysts rated the stock as a buy or hold; eight of these analysts recommended buying the stock. The company’s one-year average stock price target is currently set at $140.43 per share, according to analysts who wrote about the company a year earlier. Recently, the stock in question has received a lot of attention from various market analysts.

Societe Generale indicated in a research note published on Friday July 1 that it would reduce its target price for Compagnie Financière Richemont shares from CHF 150 to CHF 130. This change was communicated in a note published on Friday. In a research note published on July 19, Deutsche Bank Aktiengesellschaft lowered its “buy” rating and price target on Compagnie Financière Richemont shares from CHF 155 to CHF 145 in a research note. The research note was published in response to Compagnie Financière Richemont’s earnings report. Switzerland was where the report was printed. In a research note published on July 18, UBS Group lowered its “buy” rating and price target on Compagnie Financière Richemont shares from CHF 133 to CHF 131 in a research note.

The research note related to Compagnie Financière Richemont shares. The research note addresses the subject of business. In a research report released Friday, May 27, Royal Bank of Canada lowered its price target for Compagnie Financière Richemont. The new target price is CHF 120, compared to CHF 148 previously. Despite this decision, the bank maintained that it would give the company an “outperforming” rating. In a research report published on Monday, May 23, the Compagnie Financière Richemont share confirmed the “stock market performance” rating it had previously assigned to the Compagnie Financière Richemont share. Telsey Advisory Group released this report. A decline of 0.6% was observed across the entire Richemont financial group. When the market opened on Monday, the price of a share of CFRUY was $11.66.

The past 200-day moving average of the company’s stock price is $11.66, while the past 50-day moving average is $10.92. Compagnie Financière Richemont’s lowest stock price the previous year was $9.29, while the highest stock price last year was $15.67. The debt ratio is 0.30, the quick ratio 1.74, the current ratio 2.42 and the general liquidity ratio 1.74. The Richemont Financial Group: A Concise Overview of the Organization La Compagnie Financière Richemont SA, specializing in luxury goods, operates in several different locations around the world.

These regions include the Americas, Europe; Middle East; Africa; and Asia. The company is present in several different markets, including those of specialist watchmakers, jewelry houses and Internet distributors, and this is one aspect of its business. In addition to jewelry, it designs, manufactures and sells luxury watches, clocks, writing instruments, clothing, leather goods and accessories.

7 For All Mankind and Splendid are some fashion occupants at Row DTLA – WWD

The roster of tenants at Row DTLA, a 32-acre complex in a worn industrial neighborhood near downtown Los Angeles, looks like a who’s who of creative types.

Among the warehouse maze’s first tenants were 7 For All Mankind and Splendid, who moved in in 2013 before most of the project was fully unveiled five years ago. Both labels are housed in 40,000 square feet of office space in a former warehouse structure that has an artsy vibe.

“The space offers a central location, beautiful natural light, creative spaces, plenty of gathering space, and access to unique shops and restaurants on The Row,” said Francesca Toninato, Global Managing Director of 7 For All. Mankind. “All this is conducive to the creative work of fashion brands.”

Other fashion entities include Shein, which has a significant presence, and Shopify, which has a prime location on the ground floor of another building with an adjoining photo studio. Adidas has been in the complex for four years and Athletica has hosted events there. On the entertainment side, Kimmelot, the media company created by Jimmy Kimmel and his associates, is a tenant.

Row DTLA, which is a set of eight warehouse buildings that looks like a mini-town inside a big city, attracts tenants not only for its creative vibe, but also for its safety factor.

Security is an issue that is becoming increasingly important as crime has increased dramatically in Los Angeles. A great advantage of the Row DTLA is that it has a large parking structure located within the fenced compound. Additionally, private shuttles take employees nearly two miles to Union Station, downtown Los Angeles’ station, which is a hub for light rail transit and a Metrolink commuter train to surrounding areas. .

Atlas Capital Group is the New York-based investment, development, and property management firm that launched the project in a complex that originally housed a commodity market, warehouses, and a railroad terminus. About 10 years ago, Atlas became interested in industrial buildings when Jeffrey Goldberger, a director of Atlas Capital, came across the complex built between 1917 and 1923. He envisioned the area as the LA equivalent of the Meatpacking District of Manhattan.

In 2015, Atlas Capital purchased six warehouse structures, which formed the backbone of the property. He later bought two more buildings that were once occupied by American Apparel, where the t-shirt company had its massive factory and headquarters before filing for bankruptcy in 2015 and 2016.

This ficus has been moved to form a place at Row DTLA.

Courtesy of Row DTLA

One of the first things Atlas Capital did was build an adjacent 4,000-space multi-level car park, which provides two hours of free parking for shoppers and restaurants and secure daily parking for workers. It is one of the largest parking structures in Los Angeles and provides a sense of security for people who don’t want to walk far from their car to their office. The complex is fenced off from the rest of the gritty neighborhood, which is home to a Greyhound bus station, another large produce market, and several single-room hotels in front of tents for unhoused residents on the sidewalk.

As part of the recreation of the complex, a central plaza was created by moving an electrical substation to one corner of the development. Then, from another section of the property, a 40-foot ficus tree was uprooted and moved to the new plaza, where a circular wooden bench was built around the towering greenery. It is now a focal point of the complex and a pleasant place to relax.

Creative offices are complemented by independent restaurants and retail spaces housing outposts that sell clothing, furniture, ceramics, homewares, wine and beauty products. They all face a tree-lined thoroughfare that makes a visitor feel like they’re walking through a tree-lined section of SoHo. On Sundays, there is a Smorgasburg Food Market at the 7th Street Produce Market, originally called LA Terminal Market.

“There are a lot of content opportunities here because people can control the space,” said Karen Yi, director of brand marketing and events for the Row DTLA. “We do a lot of photo shoots on campus.”

The Row DTLA started to fill up nicely after it opened. But then the pandemic hit and things got pretty tough, said Chris Kitchen, director of asset management for Row DTLA. Even before the pandemic, one of The Row’s major tenants, San Francisco-based Tartine Bakery, with 40,000 square feet, closed its LA Manufactory bakery and food court in late 2019 after just 11 months there.

And J Brand moved on as the label diversified from wholesale operations to direct-to-consumer sales. “It was tough,” Yi said. “A lot of business here thrives on people coming to their office. This has made it difficult for our small independent tenants.

Agreements have been reached with some tenants, Yi said. But the economy has rebounded, and now nearly 80% of the complex is rented, and new people continue to move in.

Earlier this year, Revolve, the online clothing company launched in 2003, reclaimed considerable space for an auxiliary office.

The Revolve team now occupies the former J Brand space, then some with 48,000 square feet where designers, photographers and staff work in offices with polished concrete floors, wide square-paned windows and high ceilings .

Prior to the move, Revolve had its subsidiary office in the Los Angeles Fashion District less than a mile away, where its staff worked on four floors of the Gerry Building, a 1940s Streamline Moderne structure dedicated to showrooms and to offices. But he needed a more spacious and contiguous space to coordinate activities.

Mitch Moseley, CEO of Revolve’s own brands division, said the company was looking for office design that inspired creativity and valued safety. “Our priorities have become a reality with Row’s secure campus and vibrant culture driving the move,” he said.

Modephile office

Part of the Fashionphile office at Row DTLA.

Courtesy of Fashionphile

Fashionphile, a luxury handbag and accessories resale site, moved in a few years ago after scouting for space for a regional tech office.

“We saw a few spaces and then went to The Row and said, ‘This is our home,'” said Sarah Davis, Founder, President and Chief Creative Officer of Fashionline, who noted that they also had a pop-up store last year on line. “We thought this was the perfect place for us. The energy here is the kind of energy we wanted for our digital and creative team. »

Today, fashion tenants occupy 187,000 square feet of the complex.

Q2 2022 sales of US retail chain Ross Stores at $4.6 billion

U.S. discount department store chain Ross Stores, Inc. reported earnings per share for the second quarter (Q2) ended July 30, 2022 of $1.11 on net income of $385 million. These results compare to $1.39 per share on net income of $494 million for the 13 weeks ended July 31, 2021. Sales for the second quarter of 2022 were $4.6 billion versus 4 .8 billion over the prior year period.

Same-store sales fell 7% on top of a solid 15% gain in the second quarter of 2021, which was the strongest period of last year, the company said in a press release.

Ross Stores, Inc. reported earnings per share for the second quarter (Q2) ended July 30, 2022 of $1.11 on net income of $385 million. These results compare to $1.39 per share on net income of $494 million for the 13 weeks ended July 31, 2021. Sales for the second quarter of 2022 were $4.6 billion versus 4 .8 billion over the prior year period.

For the six months ended July 30, 2022, earnings per share were $2.08 on net income of $723 million. These results compare to earnings per share of $2.73 on net income of $971 million in the first half of 2021. Sales for the first six months of 2022 were $8.9 billion, with comparable store sales down 7% from a 14% gain in the first half of 2021. first half of 2021.

Barbara Renter, General Manager, said: “We are disappointed with our business results, which have been impacted by the growing inflationary pressures our customers face as well as an increasingly promotional retail environment. Earnings exceeded our guidance range, primarily due to lower incentive costs resulting from the below-plan performance. »

She continued: “The 11.3% operating margin in the second quarter was down from 14.1% in the prior year period, reflecting the deleveraging effect of lower store sales. comparables, higher markdowns given underperforming sales and continued headwinds from rising freight costs that only started to rise in the second half of 2021. These expense pressures were partially offset by lower incentive and COVID costs.

Rentler further noted, “During the second quarter, we repurchased 2.9 million shares of common stock for a total price of $235 million. As previously announced, we expect to repurchase $950 million of common stock in fiscal 2022 under our two-year, $1.9 billion repurchase program that extends through financial year 2023.”

Looking ahead, Rentler commented: “Given our first half results, as well as today’s increasingly challenging and unpredictable macroeconomic landscape and more promotional retail environment, we believe that it is prudent to adopt a more cautious outlook for the rest of the year. While we hope to do better, we now expect third quarter same store sales to decline 7% to 9% from a strong 14% increase last year. For the fourth quarter, comparable store sales are expected to decline 4% to 7%, on top of a 9% increase for the same period a year ago.

She continued, “If the second half performs in line with these updated sales assumptions, earnings per share for the third quarter are expected to be $0.72 to $0.83 versus $1.09 last year and $1.04 to $1.21 for the fourth quarter compared to $1.04 in 2021. Based on our first half results and second half guidance, earnings per share for fiscal 2022 should now range between $3.84 and $4.12 versus $4.87 last year.

Rentler concluded: “We are facing a very challenging and uncertain macroeconomic environment which we believe will continue to weigh on our clients’ discretionary spending. While 2022 will likely remain a challenging year for our business, we believe our value-driven business model and strong financial position will allow us to manage these economic pressures and rebound over time.

Fibre2Fashion (KD) News Desk

World’s largest sovereign wealth fund says cybersecurity is top concern

Cybersecurity has eclipsed tumultuous financial markets as the top concern for the world’s largest sovereign wealth fund, as it faces an average of three “serious” cyberattacks every day.

The number of major hacking attempts against Norway’s $1.2 billion oil fund, Norges Bank Investment Management, has doubled in the past two to three years, according to its chief executive Nicolai Tangen.

The fund, which reported its biggest half-year dollar loss last week after inflation and recession fears rocked markets, experiences around 100,000 cyberattacks a year, of which it classifies more than 1,000 as serious, according to its leaders.

“I’m more concerned about cyber than markets,” Tangen told the Financial Times. “We see a lot more attempts, more attacks [that are] increasingly sophisticated. »

The fund’s top executives even worry that concerted cyberattacks could become a systemic financial risk as markets become increasingly digital.

Trond Grande, its deputy chief executive, pointed to the 2020 attack on SolarWinds, a software provider, by Russian state-backed hackers that allowed them to breach several US government agencies, including the Treasury and the Pentagon. , and a number of Fortune 500 companies, including Microsoft, Intel and Deloitte.

“They estimate that there were 1,000 Russians [involved] in this attack, working in a coordinated manner. I mean, Jesus, it’s our whole building on one attack, so you’re up against some formidable forces there,” he said.

Cyberattacks targeting the financial sector have increased sharply in recent months. Malware attacks rose 11% globally in the first half of 2022, but doubled in banks and financial institutions, according to cybersecurity specialist SonicWall. Ransomware attacks fell 23% globally, but increased 243% against financial targets over the same period.

Perpetrators can range from private criminal groups to state-sponsored hackers. Russia, China, Iran and North Korea are the states that most actively support cyberaggression, according to Brian Connor, CEO of SonicWall. “As the sanctions increase, the need for money also increases,” he said.

A cybersecurity expert who advises another sovereign wealth fund said the “threat landscape” for such groups was “enormous”.

“When it comes to ransomware, about half of network intrusions are phishing attempts and the other half are remote access attacks using stolen credentials. You also have insider threats [involving] someone with a thumb drive, and sometimes people who have access to it are just bribed,” he added.

In the financial sector, vulnerabilities in banks, exchanges and critical financial infrastructure such as clearing houses have been a focus of national security agencies, such as Quantum Dawn, the biannual US cyber warfare exercise.

However, investment firm executives have also become increasingly concerned about cybersecurity in recent years, with some warning that the dangers are underestimated and lamenting the rising costs of protecting against attacks.

In the Nordic region, rising tensions with Russia following its invasion of Ukraine have heightened risks in the digital sphere. “With the financial situation that Russia finds itself in and as the sanctions increase, the Nordic countries are part of this” bloc that imposes sanctions on Moscow, Connor said.

JPMorgan analysts pointed to an upsurge in cyberattacks following Russia’s invasion of Ukraine in a recent report, and warned that “critical industries in the United States are on high alert, particularly energy and finance, facing the possibility of retaliatory attacks as Western sanctions weigh on the Russian economy”.

The report stressed that the dangers were vast and long-term, and would only increase in the years to come.

NBIM was established in the mid-1990s to invest revenues from the Norwegian oil and gas industries. It has grown to own the equivalent of around 1.5% of all listed companies globally. The quasi-index fund is housed within the central bank of Norway and its overall investment mandate is set by the Ministry of Finance.

Additional reporting by George Steer in London

Cotton mills plan to halt production due to low demand and war in Ukraine


Rising cotton prices, weak demand for yarn due to reduced production by the garment industry and rising inventories have forced cotton mills across the country to consider ceasing production from Monday, according to industry sources.

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First published: Sunday, August 21, 2022. 5:36 PM IST






























Hailey Bieber’s gold hoop earrings are from this affordable luxury brand that Meghan Markle loves – see photos






Nathalie Salmon




Hailey Bieber the style is second to none, so it’s no surprise that when she posted a photo of her latest swoon-worthy gold hoop earrings on Instagram…we were instantly obsessed.

The 25-year-old model took to the social media platform to show off the gold jewelery which turned out to be from the British cult brand Missoma. Hailey posted behind-the-scenes photos from a shoot for her new Rhode skincare range. The style icon opted for the brand’s 18k gold-plated “Medium Chunky Ridge Hoop” earrings, from the brand’s collaboration with influencer Lucy Williams.

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