After Half A Year Of H&M, The Turnover Is &Nbsp.
Hennes&Mauritz, the world's second largest apparel retailer, and Italy luxury brand The cooperation series of Versace (Versace) will be launched in the global market this Thursday (November 17th). According to media reports, this cooperation will continue until 2014, with a target sales volume of US $700 million. This will be the eighth time for H&M to involve luxury brands in cross-border cooperation.
H&M has been famous fashion designer in France since November 2004, France. extravagant Brand Chanel (Chanel) Originality Karl Lagerfeld, Chief Executive (KarlLagerfeld), has launched a series of cooperation with StellaMcCartney, CommedesGar ons, JimmyChoo, Lanvin and other fashion brands.
The apparel retailer has sold high-end designs at a low price in the form of "condescending" and launched a cross-border cooperation in the apparel retailing industry. This year, TargetCorp., a large department store in the US, joined the Italy brand Missoni to launch a series of cooperation.
Analysts said consumers responded enthusiastically to such cross-border cooperation, and each cooperation series triggered a sensation of snapping up queues. On the one hand, H&M's own turnover is rising. On the other hand, the major brands that cooperate with it also take this opportunity to get the media exposure and enhance the image in the eyes of consumers, which is equivalent to a free publicity.
Next stop: TomFord
According to foreign media reports, H&M's next partner is Gucci, the former designer of TomFord.
When asked to cooperate with a senior designer who is nearly 50 years old, MargaretavandenBosch, creative director of H&M, replied, "Ford is an interesting brand, and I don't mind his age."
The clothing company revealed that it had not contacted the designer, and TomFord declined to respond.
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