【第63期| 2月15-21日 】
1、Museum of Art Pudong cooperates with Tate Modern and Tate Britain
Museum of Art Pudong, designed by French architect Jean Nouvel and located in Lujiazui of Shanghai, has announced that it will start operation from summer of 2021. It is reported that there will be the treasure of Tate Modern and Tate Britain being represented, as well as a major exhibition on the theme of “Light”.
The director of Museum of Art Pudong said that the cooperation between two parties is based on the ‘3+1+2’ model: Tate provides consultation for the next three years and holds an opening exhibition for Museum of Art Pudong. And ‘2’ indicates the possibility of further jointly exhibitions in the future.”
In the future, Museum of Art Pudong will not only have modern and contemporary art like Eliasson, but also classical exhibits like Constable and Monet. It will include classical, contemporary, new media, installation art and so on as it tries to be an “audience-centered gallery” in the next three years.
2、Newest photos of “Moving Castle” in Nagoya Ghibli Theme Park
Nagoya Ghibli theme park in Japan has been much anticipated by manga fans since it first appeared in public three years ago. Ghibli theme park has announced that it will open in Aichi-ken in next fall.
It will mix elements from classic Ghibli manga films such as Princess Mononono, My Neighbor Totoro and Kiki’s Service. One of the most notable is “Howl’s Moving Castle”, which is about 16 meters high and resembles a 4-5-story building, with the decoration of “rotating cannon on the roof”. In addition, visitors can also enjoy the lifelike interior.
Gindis家族日前与合作伙伴一起斥资900万美元收购了去年9月申请破产的美国折扣百货Century 21的知识产权，并计划在韩国重启Century 21百货，未来还将扩张至中国、加拿大和澳大利亚等市场。
创立于1961年的Century 21总部位于纽约，在美国拥有13家门店，由Ginis家族经营长达60年，奢侈品折扣力度通常高达50%，深受韩国消费者欢迎。据悉，Gindis已聘请拥有丰富经验的Coach原高管Marc Benitez为Century 21总裁。
3、Bankrupt US discount department Century 21 sets to relaunch in South Korea
The Gindis family has spent $9 million with partners to acquire the intellectual property of Century 21, the US discount department store that filed for bankruptcy in September 2020. It plans to relaunch Century 21 in South Korea and expand into markets such as China, Canada and Australia.
New York-based Century 21, founded in 1961 and run by the Ginis family for 60 years, has 13 stores in US and discounts on luxury goods often reached 50%, and has high reputation in Korean. Gindis has hired Marc Benitez, former leaders in Coach, as president of Century 21.
英国高端百货John Lewis近日宣布了全新的扩张战略，将扩大时尚和美妆业务，在4月前会陆续迎来50多个新品牌入驻，例如Mango、Banana Republic、Arc’teryx、Rapha、Champion和Napapijri等，具体确认入驻的美妆品牌则暂未公布。
此外童装也是该百货将押注的方向，除Mango、Scotch & Soda和Fat Face的童装外，还有Hugo Boss、Timberland、DKNY等品牌。
4、John Lewis is expanding its fashion and beauty business, with 50 new brands to be introduced
British high-end department John Lewis announced a new expansion strategy to expand its fashion and beauty business. By April, it will have more than 50 new brands, such as Mango, Banana Republic, Arc’teryx, Rapha, Champion and Napapijri.
The details are yet to be announced. Children clothing is another area the department store is betting on. In addition to children clothing under Mango, Scotch & Soda and Fat Face, there are other brands such as Hugo Boss, Timberland and DKNY.
春节前夕，金沙中国有限公司（Sands China Ltd.,）在澳门综合度假村举行了首期“伦敦澳门人”(Londoner®Macao)的开幕仪式，开幕式上还播放了其全球大使大卫•贝克汉姆的特别致辞视频。
5、Sands China launches first phase of the Londoner Macao
Sands China Ltd., launched the first phase of The Londoner® Macao with an opening ceremony at the integrated resort during the Spring Festival, featuring a special video message from Sands Resorts Macao global ambassador, David Beckham.
The Londoner Macao is Sands China’s bold British-themed reimagining of the Sands® Cotai Central integrated resort. Offering the best of British history and culture alongside a traditional yet contemporary hospitality experience, The Londoner Macao will continue to open progressively throughout 2021.
6、Amazon has unveiled the design plot for its second headquarters that looks like ice cream
Amazon released recently its second headquarters’ design plot in Arlington, Virginia, designed by NBBJ, which debuts with the double appearance “ice cream”. The whole building is surrounded by garden with lush trees and has two walking channels. He core idea is to blend in nature into the noisy city life.
The building consists of three office buildings, each of which has 22 floors and a total of 80,000 square meters. In addition to the work area, the community business and green space for employees will be created and open to the public on weekends. Construction of Amazon’s second headquarters is expected to begin in 2022 and be completed by 2025.
有关Supreme 2021春季系列，时尚市场一直在持续关注中。近日，情报账号 @supreme_leaks_news称，Supreme将在今季与知名动漫IP《忍者神龟》展开合作，或将让四位「神龟武者」穿上Supreme单品，为人们的童年回忆带来新体验。
1、Supreme is releasing the TMNT series
The fashion market has been keeping the eye on Supreme’s Spring 2021 series. According to @supreme_leaks_news’s report, Supreme is teaming up with the iconic anime IP TMNT and possibly putting up their products on four TMNT to bring back childhood memories.
同时情人节系列还包括了全新的Ultra Boost 4.0，拥有黑白两种配色，并在侧边鞋面三条杠上增加了爱心的设计元素。据悉，情人节系列鞋款现已登陆Adidas品牌官网。
2、Adidas Originals releases Swarovski series for Valentine’s Day
Adidas Originals has released its Valentine’s Day series in collaboration with Swarovski, updating the style of Samba. The series features leather uppers and removable Swarovski crystal pendants on the laces.
The Valentine’s Day series also includes the new Ultra Boost 4.0, which is available in black and white and features a heart icon on the three bars. The Valentine’s Day series is now available on Adidas’ official website.
3、Uniqlo parent company set to expand children clothing business
Japanese Fast Retailing Group is expanding into the children clothing market, with its core brand Uniqlo launching a joint development with luxury brands in March in its Spring/Summer 2021 products, and GU has entered baby clothing in February.
Fast Retailing Group said that while the clothing market is shrinking year by year, the demand for children clothing has yet been strong for a long time. In the future, Fast Retailing Group will change their target from children clothing to old men clothing gradually, making the full use of rich product line.
据悉，继Gucci和Bottega Veneta后，开云集团旗下奢侈品牌Saint Laurent也于日前正式登陆天猫开设官方旗舰店，发售成衣、手袋、鞋履和配饰全线产品，以及Saint Laurent最新推出的新年限定系列。这意味着开云集团成为历峰集团后，又一个全面站台阿里巴巴的奢侈品集团。
4、Saint Laurent has officially opened its flagship store at Tmall
Following Gucci and Bottega Veneta, Kering Group’s luxury brand Saint Laurent has launched an official flagship store on Tmall, offering a full range of ready-to-wear, handbags, shoes and accessories, as well as Saint Laurent’s latest New Year limited series. This means Kering Group has became another platform supporting Alibaba’s luxury goods group after Richemont Group.
5、Omega opened official online flagship store in China
Recently, Omega under Swatch Group officially opened online flagship store in China. It launched “Beijing 2022” special Hippocampus series 300 meters diving watch and gift box through the flagship store to pay tribute to the Beijing Winter Olympic Games.
In 2019, Omega also opened a pop-up store in Tmall to exclusively sell customized watches for Beijing Winter Olympics.
该季度，Canada Goose净销售额同比增长4.8%至4.74亿加元，其中，中国大陆市场DTC(直营)业务的销售额增长了41.7%。Canada Goose正在加大对于中国市场的投入。上月，Canada Goose与中国设计师及品牌首位特邀客座设计师陈安琪的联名系列正式上线。
6、Direct sales of Canada Goose in the mainland of China increased 41.7% y-o-y
Canada Goose reported key results for its fiscal third quarter of 2021 (ended 27 December 2020), quarterly revenue and profit both exceeding prediction, helped by surging online sales and rising demand for luxury parkas in China.
Net sales for Canada Goose increased 4.8% to C$474 million in Q3, with sales from its DTC(direct-owned) business in the mainland of China up 41.7%. Canada Goose is increasing its investment in China market. Last month, Canada Goose launched a joint series with Chinese designer and the brand’s first guest designer, Angel Chen.
法国奢侈品牌Chanel位于巴黎旺多姆广场的旗舰店将交由业内顶级建筑设计师Peter Marino进行翻新，期间品牌会在巴黎Rue de La Paix开设一家主要发售珠宝产品的临时门店。
Chanel入驻旺多姆广场已有25年，旗舰店的翻新工作将于2022年完成，以纪念品牌首个高级珠宝系列“Bijoux de diamant”诞生90周年。
7、Chanel’s flagship store in Place Vendome of Paris will be renovated
French luxury brand Chanel will open a temporary jewellery store in Rue de La Paix during the renovation of its flagship store in Place Vendome of Paris. And the whole renovation will be under the hand of Peter Marino, one of the top architects.
Chanel has been in Place Vendome for 25 years. The renovation would be finished in 2022 to mark the 90th anniversary of the brand’s first haute jewelry series- Bijoux de Diamant.
Celine将于近日在北京SKP开设Celine Homme限时概念店，展出Celine Homme 2021春夏“The Dancing Kid”特别精选系列单品。
8、Celine will open a pop-up store in Beijing SKP to launch a new menswear collection
Celine Homme’s limited time concept store will be opened in SKP, Beijing recently, to display the special selected series of Celine Homme’s “The Cancing Kid” in spring and summer of 2021.
The limited time concept store takes a short trip as the design theme, and sets up ribbon arch and exhibition platform with metal and primary colors intersecting, which recreates the atmosphere of this season’s Castelet racing track show in France for consumers. Celine’s exclusive racing car specially customized by the brand will also appear.
Vans日前正式发布与潮牌Opening Ceremony首个全球系列，产品涵盖服装、鞋履和配饰全品类，系列产品于2月19日在Vans官网、线下门店和部分批发合作伙伴处发售。自2014年以来，Vans就一直与Opening Ceremony合作，首个合作为Glitter运动鞋。
9、Vans will launch its first global series with Opening Ceremony
Vans has officially launched its first global series with the fashion brand Opening Ceremony, covering clothing, shoes and accessories. The series of products were launched on the official website of Vans, offline stores and some wholesale partners on 19 February. Since 2014, Vans has been working with Opening Ceremony, the first of which is Glitter sneakers.
法国设计师品牌Maison Margiela成都银泰中心新店于近日正式开业，由荷兰建筑师Anne Holtrop设计，是继Maison Margiela上海芮欧百货店后，第二家在中国采用该设计概念的店铺。逾180平方米的店铺内将发售Maison Margiela男女混合系列，包含男女成衣、配饰、鞋履、小型皮具，以及珠宝、眼镜和香水。
10、Maison Margiela Chengdu Yintai Center new store opens
Maison Margiela, a French designer brand, opened its new store in Chengdu Yintai Center recently. It was designed by Dutch architect Anne Holtrop. It is the second store in China to adopt the design concept after Maison Margiela Shanghai Réel department store.
More than 180 square meters of shops will be available for sale of Maison Margiela men and women mixed series, including menswear, accessories, shoes, small leather goods, as well as jewelry, glasses and perfume.
11、Burberry prepays 300 million pounds loan
Burberry announced recently that it had prepayed the 300 million pound loan it applied for from the government due to the epidemic last year, and thus obtained about 7 million pounds of commercial interest rate relief.
In the three months to 26 December last year, Burberry’s revenue fell 4% year-on-year to 688 million pounds, and same store sales fell 9%, but Asia Pacific market including China saw strong growth of 11%.
意大利品牌Stone Island与Bluebell Group合作，在新加坡开设了第一家概念店。新店位于城市标志性购物中心Marina Bay Sands内，114平方米的空间由全球所有石岛旗舰的工业设计师Marc Buhre设计。这家商店收藏了一系列石岛和石岛影子项目的收藏品。
12、Stone Island opens store at Marina Bay Sands in Singapore
The Italian brand Stone Island opened its first concept store in Singapore, in partnership with Bluebell Group. Located inside the city’s iconic shopping mall, Marina Bay Sands, the 114 square meter space is designed by Marc Buhre, the industrial designer of all Stone Island flagships around the world. The store houses a series of Stone Island and Stone Island Shadow Project collections.
The Marina Bay Sands concept store marks Stone Island’s further expansion into the Southeast Asia market. It made €240 million (S$385,584,000) in profits during the pandemic-stricken year of 2020. Last December, it was acquired by Moncler, another global purveyor of performance outerwear, as part of a billion-dollar deal.
13、LA PERLA opens at Lee Gardens in Hong Kong of China
Renowned Italian luxury lingerie brand LA PERLA announced the opening of its new boutique at Lee Gardens, Causeway Bay in Hong Kong of China.
The elegant décor of the boutique reflects the brand’s unique aesthetic philosophy, merging distinctive Italian opulence and exquisite craftsmanship. Fully embracing the LA PERLA’s unique style and values, the boutique’s welcoming ambience offers customers a one-of-a-kind unforgettable experience as they indulge in the comfort of the cosy velvet sofas and textured carpets.
1、Estee Lauder has entered the $100 billion club for the first time in its history
Thanks to the positive performance, Estee Lauder Group shares recently surged 2.35% to $279.23, along with market capitalization reached $101.2 billion, breaking the 100 billion mark and set the new record high.
For the three months to 31 December 2020, Estee Lauder Group sales rose 4.9% from a year earlier to $4.853 billion, while net profit jumped more than 56% to $877million, far exceeding analysts’ forecasts. The beauty giant performed best in Asia Pacific, including China, with sales up 34.5% from a year earlier to $1.775 billion.
2、China will become the world’s largest consumer of jeans by 2023
China will overtake US to become the world’s largest consumer of jeans by 2023, with each Chinese consuming an average of one pair of jeans a year, according to data released by Euromonitor International.
Between 2014 and 2018, the top five jeans brands in China were Lee, Levi’s, Uniqlo, Calvin Klein and Heilan House, while the total market share of the five brands was only 10.8%, leaving nearly 90% of the market taken by traditional jeans brands and others’ channel.
3、China has become France’s largest beauty export market for the first time
China has become France’s largest export market for beauty products for the first time, according to figures released by FEBEA on 7 February. French total sales of beauty exports in 2020 were 15.7 billion euros, down 11.8% from 2019. Beauty is France’s second-largest export sector after the aerospace industry.
Notably, French exports to China have increased by nearly 20.7% over the past 12 months. A quarter of French lipstick exports go to China, followed by strong growth in French soap exports around the world. China led worldwide export market with 22% sales growth, followed by Europe with 19% growth.
4、The world’s largest perfumer Coty invests heavily in Hainan
Caroline Andreotti, executive vice president of global travel& retail for beauty company Coty Group, said recently that the company will increase its investment in duty-free channels in China in 2021.
Andreotti said the Hainan duty-free market has been a big driver of its revenue growing in China, with its duty-free revenue in China growing in the triple digits. Andreotti added that setting up domestic duty-free channels in places like Hainan is “another way for us to reach the mainland of China consumers.”
Andreotti said that while continuing the historic partnership with China Free Trade Group, the Group is also open to the idea of partnering with a new operator, noting that the regional marketing and the duty-free channel team still need to work closely together to ensure that the design and display of duty-free stores are consistent with those of duty-tax stores.
潮牌Off-White经销商意大利New Guards集团首席执行官Andrea Grilli近期表示，目标是在5到10年内帮助Off-White实现年销售突破10亿欧元的目标。
5、Off-White aims to achieve annual sales of 1 billion euro in five years
Andrea Grilli, chief executive officer of New Guards Group, the Off-White distributor, recently said that the goal is to help Off-White achieve its annual sales target of more than 1 billion euros in five to ten years.
He revealed that after Off-White launched its home service business last year, it will enter new areas this year. Although the group does not disclose the specific sales data of off white, some people in the industry expect that the sales volume of the brand in 2020 will be about 400-450 million euros.
6、Sales of Gucci cosmetics in China increased by more than 400%
Coty, the US beauty group, recently released key financial data for the second quarter of fiscal year 2021. Although the overall sales decreased by 16%, the operating profit increased by 7% year on year.
CEO Sue Nabi revealed that during the period, the group’s classy beauty business continued to perform strongly in the Chinese market, especially the two brands Gucci and Burberry. The sales growth of Gucci cosmetics in China alone was more than 400%, and Burberry beauty business in China also rose 48%.
7、Retail sales in Hong Kong of China fall more than 24% in 2020
According to the latest data released by relevant organizations in Hong Kong, the total retail sales in Hong Kong fell by 13.2% in December last year, which is significantly larger than the 4.1% decline in November, and has declined year-on-year for 23 consecutive months.
In 2020, the total retail sales of Hong Kong fell by 24.3% year on year, which has been falling for two consecutive years, the largest annual decline since 1981. However, PwC expects total retail sales in Hong Kong to pick up this year and grow by 15% to HK $376 billion.
8、Champion’s parent company may withdraw from European market
,American clothing group HanesBrands announced recently that it is evaluating its European business or will sell it as a package. About 1200 jobs would be affected. The specific plan will be released in May.
In the three months ended 2 January, HanesBrands Group’s total revenue was $1.8 billion, up from $1.75 billion in the same period last year, with a loss of US $332 million. Its annual sales fell 4.3% to $6.6 billion, with a net loss of $75.5 million.
9、Anta’s market value surpasses lululemon and becomes the third largest sportswear group in the world
It’s reported that the share price of domestic sportswear giant Anta Group has surged 107% in the past year, with a market value of HK $398.9 billion, three times that of Li Ning. It is also the most profitable clothing company in China, surpassing lululemon and becoming the third largest sportswear group in the world.
In the third quarter of last year, Anta, the group’s main brand, returned to a low level, and the number of units was growing, with FILA increasing by 20% to 25%. The departments where brands such as Descent, Kolon Sport and Sprandi are located also rose by 50% to 55%.
报告期内，Coach、Kate Spade和Stuart Weitzman三个品牌的营业额均有所改善，电商业务实现三位数的同比增长，中国业务录得超过30%的强劲增幅。
10、Coach’s parent company’s revenue in China rose more than 30% in the second quarter
Tapestry Group released its second quarter performance report on 4 October. In the three months ending 26 December last year, the group’s sales fell 7.21% year-on-year to $1.685 billion, while its net profit increased 4.55% to $311 million, exceeding analysts’ expectations.
During the reporting period, the turnover of Coach, Kate Spade and Stuart Weitzman all improved, the e-commerce business rose with a three digit year-on-year growth, and the Chinese business recorded a strong growth of more than 30%.
11、La Chapelle may lose $1.8 billion last year
La Chapelle recently announced that the net assets attributable to shareholders of listed companies are expected to be negative by the end of 2020, or a loss of 1.3 billion yuan to 1.8 billion yuan.
According to the relevant provisions of the Listing Rules of Shanghai Stock Exchange, the A shares of La Chapelle may be subject to “delisting risk warning” by Shanghai Stock Exchange, and the A shares held by Xing Jiaxing, the controlling shareholder and actual controller of La Chapelle, and Shanghai He Xia, the person acting in concert, may be auctioned.
Investment and Financing
美国奢侈品线上交易平台1stDibs或将在今年进行IPO，已委托银行负责筹备相关事宜，估值至少为10亿美元。1stDibs由Michael Bruno于2001年创立，总部位于纽约，于2013年转型为线上交易平台，主要发售来自全球各地的家具、珠宝、艺术品和古董奢侈品等，商品数量超过100万件，目前由美国私募基金Insight Partners控股。
1、Luxury ecommerce platform 1stDibs may seek an IPO valued at at least $1 billion
US luxury ecommerce platform 1stDibs, is likely to launch IPO this year, having commissioned banks to organize it at a valuation of at least $1 billion. Founded by Michael Bruno in 2001 and headquartered in New York, 1stDibs was transformed into an online ecommerce platform in 2013.
It sells more than one million pieces of furniture, jewelry, art and antique luxury goods from around the world. It is now controlled by US private equity fund Insight Partners.
地产大亨Reuben Brothers（鲁本兄弟）斥资约1亿欧元收购了威尼斯市中心最具标志性的酒店之一Baglioni Hotel Luna。
Baglioni Hotel Luna是威尼斯最古老的地产之一，历史可以追溯到12世纪。酒店占地90000平方英尺，靠近威尼斯的各大主要历史和艺术景点，距离圣马可广场（Piazza San Marco）50米，对面是圣乔治岛（San Giorgio Island）。
2、Real estate giant Reuben Brothers has bought one of Venice’s oldest properties for 100 million euros
Real estate giant Reuben Brothers have bought one of the most iconic hotels in central Venice, the Baglioni Hotel Luna, for about 100 million euros.
Baglioni Hotel Luna is one of the oldest properties in Venice, dating back to the 12th century. Covering 90,000 square feet, the hotel is close to Venice major historical and artistic attractions. 50 meters from Piazza San Marco and the opposite is San Giorgio Island.
德国运动用品公司Adidas (阿迪达斯) 宣布计划出售或剥离旗下表现不佳的运动老牌 Reebok（锐步)。据银行消息人士透露，这笔交易的价值约为10亿欧元。
业内人士认为，阿迪达斯的选择包括将锐步剥离为一家独立上市公司，或将其出售给其他品牌集团，最有可能的对象是Vans和The North Face的母公司、美国户外运动服饰公司VF Corporation。另据英国《金融时报》此前的消息，其他潜在的收购方还包括中国的安踏体育（Anta Sports），私募基金Permira和Triton。另外，在疫情前美国品牌管理公司Authentic Brands Group也表示有意向收购锐步。
3、Adidas confirmed the sale or divestiture of Reebok at a price of about 1 billion euros
Adidas, a German sporting goods company, has announced plans to sell or spin off Reebok, its old, underperforming sports brand. According to bank sources, the deal is worth about 1 billion euros.
Before the epidemic, Adidas valued the sale of Reebok at about 2 billion euros, according to German business media Manager Magazin.
Adidas said it had decided to launch a formal process to spin off Reebok as part of the group’s five-year plan to be announced on 10 March. On the same day, Adidas will also release its performance data for fiscal year 2020. In addition, starting from the first quarter of fiscal year 2021, the company will no longer release Reebok’s performance report.
Industry insiders believe that Adidas’s choices include divesting Reebok into an independent listed company or selling it to other brand groups. The most likely target is the parent company of Vans and the North Face, VF Corporation, an American outdoor sports apparel company. Other potential buyers include China’s Anta Sports, private equity funds Permira and Triton, according to Financial Times. In addition, prior to the epidemic, American brand management company Authentic Brands Group also indicated its intention to acquire Reebok.