Retail News Flash vom 16.2.2024
Shownotes
S.Oliver as well as Esprit announce record losses. While Esprit also looses turnover, S.Oliver could raise turnover instead.
"The deal is the latest change at The Body Shop International Limited under the new ownership of private equity firm Aurelius, who snapped up the business from Natura &Co S.A for £ 207 million in November 2023. The Body Shop is an omnichannel business company with own stores, e-commerce websites, international franchises and wholesale customers. Headquartered in London, The company operates in 89 markets and employs around 7000 people. Of the approximately 2,500 stores, 900 are operated by the company itself, while the remainder are managed by franchise partners. The German-based private equity firm Aurelius has reportedly signed an agreement with an international family office to pursue a strong turnaround strategy. This includes the partial sale in most European countries but also in parts of Asia. The UK is to be excluded from the sale and the franchise partners will not be affected. The company intends to focus on strategically important markets but also on strengthening digital platforms and developing new sales channels." "Douglas currently operates 1850 stores in 22 countries across Europe and employs around 18,000 people. In the 2022/23 financial year, Douglas generated sales of 4.1 billion euros, an increase of 12.1%. The company’s goal is to reach the 5 billion sales mark by 2026. The financial year got off to a positive start thanks to the good results of the omnichannel strategy: Store sales (net) increased by 7.1% while the e-com business grew by 10.7% compared to the previous year. Douglas generates around a third of its sales online, which is why the expansion of brick-and-mortar stores is part of the strategy for the coming years: more than 200 stores are to be opened by the end of the 2025/26 financial year – half of them in Central Europe. In addition, renovation and modernization work is planned for 400 locations. Douglas is aiming to return to the stock market soon and preparations are said to be in full swing. The time could come in just a few weeks. According to reports, shares worth around one billion euros are to be issued. The prerequisite is a stable geopolitical situation, as crises and military conflicts largely deter investors. According to Volker Bosse, analyst at Baader Bank, there is little competition due to the low number of IPOs, but also a high level of attention. Due to the realignment of the company, Douglas was delisted from the stock exchange in 2013 by financial investor Advent and the founding Kreke family as a minority shareholder and a majority stake was sold to private equity firm CVC in 2017. Before that, Douglas, whose roots go back to 1821, had been listed on the stock exchange as a family business since 1966." "Chanel has emerged victorious in a lawsuit against luxury re-seller What Goes Around Comes Around (WGACA). The resolution follows six years since Chanel initiated the trademark case in a New York court back in 2018. The dispute revolved around WGACA’s use of a hashtag combining both company names to promote its Chanel items, which Chanel argued amounted to unauthorised use and trademark infringement. Chanel asserted that this practice created confusion among consumers, potentially leading them to perceive an unauthorized affiliation with the renowned French luxury house.
On Tuesday, a jury ruled in favour of Chanel, awarding the luxury brand 4 million dollars in damages for unfair competition and false advertising. Chanel, known for its assertiveness in trademark infringement cases, demonstrated its resolve by engaging in a six-year trial to substantiate its claims." "In January, it was announced that the South Korean e-commerce group Coupang Inc. would take over the ailing British online fashion retailer Farfetch. Coupang confirmed its commitment to provide Farfetch with access to fresh capital of 500 million US dollars (462 million euros). The takeover of Farfetch by the South Korean company Coupang has far-reaching consequences.
Kering, the parent company of fashion houses such as Gucci, Yves Saint Laurent, Balenciaga and Bottega Veneta, is said to have terminated its contract with the luxury e-commerce platform, according to various industry magazines. According to the reports, Kering will stop selling its brands on Farfetch in the second quarter of the year
However, according to a document obtained by the industry magazine Business of Fashion (BOF), Farfetch is planning to work with third-party boutiques to continue to gain access to the brands in the Kering portfolio. The aim is for retailers to continue uploading products from Kering brands to the platform without Farfetch working directly with the luxury goods group.
According to the industry magazine Women's Wear Daily, Kering in turn described Farfetch as merely a ""small player"" in the Kering universe at a conference on Thursday. E-commerce accounted for around twelve percent of the conglomerate's total turnover in 2023."
"In the 111th year of its existence, the first branch outside Austria is now opening at Munich's Franz Josef Strauss Airport. A touch of Vienna in soft pink and wonderfully fragrant fits perfectly at the airport. ""Franchise partner is Andreas Reichert, Managing Director of Allresto Flughafen München Hotel und Gaststätten. The story began in 1913 with Josef Prousek and his wife Rosa. He dedicated the color scheme to her name, which was inspired by his favorite opera by Verdi. Of the eleven branches that opened in 1939, some are still in operation today, for example in Mariahilfer Straße and Bognergasse. The large number of corner outlets is striking - the aim was to have as much display space as possible for the pastries. In 1943, the first two generations wrote down all the pastry recipes for their descendants. To this day, no older cream slice recipe has been found anywhere in the world. Dominik Prousek, the fourth generation of the traditional Aïda company, is now making the popular Viennese coffee house culture even better known outside Austria." "DM INVESTS 1 BILLION EUROS IN REMODELING ALL STORES IN GERMANY February 8, 2024 By 2030, all 2100 dm stores are to be equipped with the new store design for a special shopping experience. The launch has already taken place at the Durlach-Center in Karlsruhe, Germany.
By 2030, all 2100 dm stores are to be equipped with the new store design for a special shopping experience. The launch has already taken place at the Durlach-Center in Karlsruhe.
Each newly designed store is modeled on a tour of a city that you discover as a tourist. Like on a cognitive map, customers can discover the individual product areas, comparable to the sights of a city. It starts at the entrance with the piazza, then becomes cozy with bar stools in the photo printing area. In the new concept special attention has been paid to children: A separate zone for playing has been planned and there is a changing station for the little ones. Children’s fashion will be presented on trees in future. While the little ones play, parents will have undisturbed shopping time. This helps to extend the time spent in the store.
Another new feature is the expansion of the home decoration area: in future, dm will not only offer household goods, but will also contribute to a sense of well-being in the home. The company employs more than 50,000 people in Germany. In Germany, profits rose by 14.8 percent to 11.4 billion euros. Across Europe, around 4.5 billion euros were added, as the company announced in fall 2023." "The first flagship store opens at 134 Bond Street in London.The store has around 150 sq m and is chiseled from silver-blue travertine, reflecting the long-lasting environment. The space is made up of monochrome marble blocks, brass elements and wooden pieces, while the furniture elements are made from recycled plastic from compact disc cases. The soft atmosphere is created by the natural light – the focus is on privacy and therefore well-being.
Jil Sander is an international luxury brand based in Milan that is characterized by design, quality and functionality. The brand was founded in 1968 by Jil Sander and was known for the exchange with artists, musicians and photographers who contributed their creativity. Since 2017, the company has been managed by Lucie and Luke Meier and was acquired by the OTB Fashion Group in 2021."
Wilson Airless Gen1 Basketball arrives 02.16.24. The first-of-its-kind 3D printed basketball, available to the world for the first time. Rather than being inflated, the Airless Gen1 Basketball relies on a 3D-printed polymer lattice structure to replicate the bounce, flight, and feel of a traditional basketball. The form of the ball features 8 panel-like lobes and a familiar seam structure. Hexagonal holes across the surface allow air to pass through freely.
https://www.textilwirtschaft.de
https://www.across-magazine.com/the-body-shop-sells-part-of-its-european-and-asian-business/
https://cpp-luxury.com/chanel-wins-lawsuit-against-luxury-re-seller-what-goes-around-comes-around/
https://www.across-magazine.com/traditional-viennese-confectioner-aida-starts-expansion-in-germany/
https://www.across-magazine.com/jil-sander-opens-its-first-store-in-the-united-kingdom/
https://www.instagram.com/p/C3I8_LLPNeP/?igsh=MTZlOXkyaTZvaHhueg==
https://www.wilson.com/en-us/explore/basketball/airless-prototype
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