Tag Archives: Clothing & Accessories (TRBC level 4)

UPDATE 1-Fashion group Tod put Instagram star Chiara Ferragni on its board | Instant News


* Shares in Tod’s jump more than 5% after the announcement

* The company aims to win over young people to drive growth (Adds details)

ROME, April 9 (Reuters) – Italian fashion group Tod’s said on Friday that it is appointing Instagram star and influencer Chiara Ferragni as a board member, stepping up its efforts to win over the younger buyers driving the sector’s growth.

The luxury leather goods maker shares jumped more than 5% after the announcement of Ferragni, a 33-year-old Italian digital entrepreneur with more than 23 million followers on his Instagram account where he shares fashion and style advice and raises awareness about social issues. .

“We believe that Chiara’s knowledge of the world of youth, combined with the experiences of other board members, can build thinking focused on solidarity with others, with a strong focus on the younger generation, who, now more than ever, need to be heard,” Tod said. .

Tod’s, known for his shoes, launched a new strategy in late 2017 to change his brand and appeal to younger consumers, but the COVID-19 pandemic has hampered his efforts. Sales fell by nearly a third in 2020 due to lockdowns and falls in tourism, marking the fifth consecutive year of annual sales decline.

“Ferragni’s entry into Tod’s board will lead to increased brand visibility, and investors hope this will help in driving group sales in today’s challenging market,” said a Milan-based trader.

Generations Z and Y, born after 1995, will meet about two-thirds of total demand in the luxury goods sector by 2025, up from about 45% in 2019, consultants Bain said in its latest estimate.

“Chiara’s knowledge of the youth world is invaluable,” said Diego Della Valle, Tod’s founder and top shareholder.

Reporting by Claudia Cristoferi; Edited by Giulia Segreti and Pravin Char

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The pandemic gives a modern twist to vintage French clothing sales | Instant News


PARIS (Reuters) – At the Artcurial auction house overlooking a closed boutique on the Champs Elysees street in Paris, vintage fashion expert Clara Vivien oversees the sale of hundreds of Chanel jackets, shoes and jeweled accessories – all online.

Paris may be the fashion capital of the world, but the third COVID-19 lockdown is once again sending luxury lovers who have spare time and money to spend on their screens in search of their next vintage Chanel dress or Hermes handbag.

Vintage is already enjoying a revival, Vivien said, driven by the growing discomfort with “fast fashion” among consumers and increasing environmental awareness. But the pandemic is shifting more and more online.

“Vintage is exploding in the secondhand market,” says Vivien. “People can’t get into boutiques so shop at online auctions.”

Handbags sell very well. “People buying Chanel bags or Hermes bags today are delighted to know that their investment hasn’t stopped growing, and with the pandemic escalating with no end in sight.”

Sales of online vintage clothing and clothing more than quadrupled at online auctions in France in 2020 compared to pre-pandemic levels to 6.2 million euros, according to online auction house aggregator Interencheres.

Antoine Saulnier, an auctioneer at Gros & Delettrez, said sales of vintage clothing that before the pandemic probably attracted 100 online shoppers now attract five or ten times that number.

As a result, prices have risen on some items, said Saulnier as he prepares to sell nearly 600 Vuitton artifacts this week.

One must-know collector is Olivier Chatenet, a flamboyant 60-year-old stylist who spent his youth exploring flea markets and auction houses of the French capital in the Drouot neighborhood with his father.

Her personal collection is a treasure trove of Ungaro dresses, Chloe’s blouses and Sonia Rykiel coats. Several years ago he sold the entire Yves Saint Laurent collection – 4,000 items in all.

“I try to be careful and buy at the right price,” said Chatenet. But he admits that he is not always successful.

“When the auction begins, when you have an item in front of you and you are taken over by an excessive desire to own it, you end up buying more than you intended.”

Reporting by Elizabeth Pineau; Written by Richard Lough; Edited by Alex Richardson

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‘Xinjiang cotton is my love’: Patriots on show at China Fashion Week | Instant News


BEIJING (Reuters) – Designer Zhou Li takes the stage to applause after a runway show at China Fashion Week with a political prop: a cotton plant bouquet.

“As far as I know, I think Xinjiang cotton is my lover, my love, which means I am so grateful it has brought me such happiness,” Zhou, 56, told Reuters after his performance on Tuesday in Beijing. .

Zhou, the chief designer and founder of Chinese fashion brand Sun-Bird, is a supporter of a patriotic boycott targeting several major western clothing brands in China who have expressed concern over alleged human rights abuses in Xinjiang province.

She said her outfit on show on Tuesday, which features a chic minimalist design with ruffles and ancient Chinese characters, uses Xinjiang cotton exclusively.

“For our Chinese designs, I must be right to support the Xinjiang people,” he said.

H&M, Burberry, Adidas and Nike were among those affected by a consumer boycott in China after their comments about alleged human rights abuses in Xinjiang resurfaced on Chinese social media last week.

Backlash has put brands in an awkward position given the importance of the market in China, where news and social media are tightly controlled by the Communist Party-controlled government and patriotic campaigns targeting foreign brands are commonplace.

“First of all, as everyone knows, this is a false statement (from the brand),” said 19-year-old fashion model Zhao Yinuo outside of the event. “But of course I can’t really say too much about this because it involves political issues.”

“I have a sense of national pride,” he said.

The European Union, United States, Britain and Canada last week imposed sanctions on Chinese officials, accusing them of human rights abuses in Xinjiang. China retaliated with its own sanctions against lawmakers and academics.

Xinjiang produces about 20% of the world’s cotton.

Some researchers and lawmakers say Xinjiang authorities use a forced labor program to meet the needs of seasonal cotton picking. China strongly denies these claims, saying all workforce in Xinjiang is based on agreements and contracts.

“I don’t believe our Chinese Communist Party would do such a thing,” said a 19-year-old student surnamed Li at the fashion event. Our nation is very united.

Reporting by Cate Cadell and Nanlin Fang; Edited by Raju Gopalakrishnan

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UPDATE Fashion retailer Primark 1-AB Food stopped placing new orders in Myanmar | Instant News


(Adding details)

LONDON, March 31 (Reuters) – Primark Associated British Foods owner said the fashion retailer had stopped placing new production orders in Myanmar following a military coup last month.

“Primark has now stopped new orders in Myanmar,” said a spokesman for AB Foods.

The prime source of 21 production sites in Myanmar. That compares with 527 in China and 127 in India.

The retailer’s move follows Sweden’s H&M and Italy’s Benetton Group which stopped placing orders in Myanmar earlier this month. (Reporting by James Davey; editing by William James)

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Mr. Price S.Africa receives approval for the acquisition of Power Fashion | Instant News


South African apparel and homewares retailer Mr Price, seen in Cape Town, South Africa, November 26, 2020. REUTERS / Mike Hutchings / File Photo

JOHANNESBURG (Reuters) – South African budget retailer Price Group said on Tuesday it had received all approvals to acquire retailer Power Fashion in a deal likely to reach $ 105 million.

The low-cost clothing and household appliance retailer said the acquisition, which will expand its market share in budget retail, would take effect from April.

Price said earlier this month it would buy privately owned kitchen appliance company Yuppiechef to increase its online presence and premium offerings.

Reporting by Tanisha Heiberg; Edited by Kim Coghill

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