Retail News Flash vom 04.10.2024

Shownotes

English version:

Snipes enters partnership with the parisian football club Paris Saint Germain and becomes official sponsor.

20 stores in Austria will be closed over the next 24 months and the company is withdrawing from the Eastern European business.

Central Group will take over Magazine zum Globus AG.

LVMH announced that it will sell Off-White LLC to Bluestar Alliance, a brand management company whose portfolio includes labels such as Tahari, Bebe and Scotch & Soda.Well, not quite, but at least 15 former S&S stores in Germany are being taken over by the GUESS brand. The Scotch & Soda parent company Bluestar Alliance - which has just taken over the Off-White brand from LVMH - has announced that the business in Germany is to be relaunched with a new partner in the foreseeable future.

The traditional Austrian coffee house Aida opens its first location in Berlin, which is located at the central station together with Relay. So enjoy your coffee & read!

Openings in Vienna: Action, Moscot, Epitome, Silhouette and Paul.

Contemporary fashion brand All Saints has opened its first standalone store in Egypt at Cairo’s Mall of Arabia, one of the country’s largest shopping malls.

British luxury streetwear Represent lands in Los Angeles and opens first boutique ever. This shall not be the last one.

Moncler opens largest store in NYC in the General Motors building on Fifth Avenue in 2026.

LVMH is launching itself into the non-alcoholic business. Their portfolio already includes brands such as Moet Chandon, Dom Perignon, Krug and Veuve Cliquot. Not to mention Château d'Yquem and Château Cheval Blanc, as well as the vineyard recently acquired in Burgundy for an incredible price: 15.5 million euros for 1.3 hectares of vines. But the world's largest champagne producer has decided to invest in non-alcoholic sparkling wine. A clear sign that the non-alcoholic segment is enjoying growing international appeal when even a giant like LVMH decides to focus on it.

links:

https://www.press.snipes.com/snipes-official-culture-and-community-partner-von-psg/

https://www.derstandard.at/story/3000000238144/palmers-erwartet-zweistelligen-millionenverlust-filialzahl-sinkt?ref=instagram

https://www.handelszeitung.ch/unternehmen/central-group-ubernimmt-warenhausbetrieb-von-globus-die-hintergrunde-753247?utm_source=linkedin&utm_medium=social&utm_campaign=Bilanz-channel-post

https://www.businessoffashion.com/articles/luxury/lvmh-sells-off-white-brand-to-bluestar-alliance/?utm_source=linkedin&utm_medium=post&utm_campaign=luxury

https://www.linkedin.com/posts/dominik-prousek-6b28a44a_wiener-tradition-in-berlin-die-weltweit-activity-7243940547613147136-Yr8I?utm_source=share&utm_medium=member_desktop

https://epitome.inc/de/

https://ww.fashionnetwork.com/news/Allsaints-opens-first-standalone-in-egypt,1668049.html#chanel

https://ww.fashionnetwork.com/news/British-luxury-streetwear-represent-lands-in-los-angeles,1620272.html#chanel

https://fashionunited.com/news/retail/moncler-to-open-its-largest-store-in-new-york-city/2024093062153

https://www.instagram.com/reel/DAOEhfYuhbH/?igsh=MWNrYjg0bG10ejhvbw==

https://www.repubblica.it/il-gusto/2024/10/01/news/lvmh_scommette_su_bollicine_dealcolate_una_bottiglia_110_euro_vino_alcohol_free-423529735/