Take Stock Of Major Events Of The Week: What'S Wrong With The Unfashionable Fashion Circle?

Last week, the fashion circle was not very smooth. Many top brands were leaving, and the group also had to lay off. A flagship store in Shanghai was closed and Hugo Boss continued to deteriorate because of the Sino US market, and announced that it would lower the price of the Asian market. LV

There are so many bad news in a week. What's going on in fashion circles?

Hugo Boss will cut its Asian market price and CEO will resign.

Recently, Hugo Boss, a second-line luxury brand, released its earnings data showing that the Chinese and US markets that began to turn bad in the three quarter of the year are still deteriorating so it is expected that the core earnings of the current 2016 fiscal year will fall 10%+.

In this regard, the brand announced that it would lower the commodity prices in Asian markets.

Because of the decline in performance, Claus-Dietrich Lahrs, who has been working in Hugo Boss for 8 years, announced that she would resign from the post of CEO. After leaving office, the executive responsibility of the vacancy will be managed by the board members until the new candidate appears.

Switzerland

A few days ago, Reuters reported that the world's second largest luxury group, the peak group, plans to cut 350 positions in Switzerland headquarters.

This is mainly related to the global economic weakness, especially the slowdown in China's economic growth and anti-corruption.

According to the third quarter earnings report of the peak group, the challenges brought by the Hongkong and Macao region made the total sales volume of the group in the three quarter decrease 4% to 2 billion 930 million euros.

Sales in the Asia Pacific region fell by 9% compared with the same period last year, and the sales growth in the Japanese market also slowed down by the decrease in Chinese tourists.

Dunhill design director quit

Dunhill, the British luxury menswear brand, has announced that John Ray, the design director who has worked for three years, is about to leave. At present, the brand has yet to find a candidate to take over the John.

It is reported that the termination of cooperation is a joint decision made by both sides. The autumn series will be the last work of John Ray in Dunhill.

Dunhill's CEO Fabrizio Cardinali said, "thank John Ray for its dedication, support and excellent performance in developing the brand, but also stressed that the brand's business strategy will still focus on creating quality gentleman brand clothing."

Ralph Lauren global brand president resigns

Ralph Lauren global brand President Christopher Peterson will leave in May 31st this year.

The brand also said that Peterson will complete the pition of responsibilities with CEO Stefan Larsson.

It is reported that Vitoria's Victoria (s Secret) is going to open a direct store in China. The address is LV's shop on the huaibao square on the Huaihai Road in Shanghai, which will be closed. Victoria's store will be renovated on the 28 day of LV 2, and the shop date is still undecided.

It is worth mentioning that China is the fourth country to open a direct store. After that, ladies can really buy the hidden underwear that they dream of.

3 Chinese designers were selected for the LVMHPrize youth Designer Award

Recently, the LVMH Prize youth designer Grand Prix announced the list of candidates in 2016, and a total of 23 candidates were selected.

The finalists were selected from more than 1000 entry forms. They came from 11 countries and regions.

Three Chinese designers were selected. They were Wang Fengchen, Chen Xuzhi and Liu Min.

Sure enough perfume is good to sell Alexander McQueen and then push the new perfume.

Recently, Alexander McCune (Alexander McQueen) announced that it would return to the high profit perfume market and launch a perfume called McQueen Parfum to launch a brand new perfume.

This perfume, called McQueen Parfum, is a rare perfume of high concentration, designed by creative director Sarah Burton, inspired by autumn series.

The new perfume will be sold in Harold department store in March 1st, facing the high-end market with a capacity of 50 euro for 350 euros.

It is reported that the company expects sales of perfume in the first year to be 5000 $10 million.

It looks as if the perfume market will do well this year. 2 weeks ago, Lauren Ralph Lauren also announced the launch of perfume to attract the Millennials.

Kate Spade acquisition personalized

The US luxury fashion brand Kate Spade &Co. has completed the acquisition of Bag Bar, which includes the intellectual property rights and related business assets of the latter. The seller is D.H. Designs LLC, and the paction price has not been disclosed.

The move hints at Kate Spade's determination to further customize the accessories market.