IKEA'S $190 Million Stake Is Fast Fashion H&M.

01 Topshop announced that it would close Tmall stores or venture out of the Chinese market.

According to the fashion business news, Topshop announced in Tmall yesterday that it will close Tmall flagship store and make a full shop clearance immediately due to the adjustment of its international business strategy.

Topshop originally planned to open the first flagship store in mainland China in Shanghai in September this year, but it has already died.

In August of this year, Topshop announced the termination of cooperation with China's franchise partners.

Since 2014, Shang pin has helped Topshop to test the Chinese market through the electricity supplier channel, and reached an agreement in December 2016. It has exclusively operated Topshop in China's whole channel, and once planned to open 80 brand stores in the mainland of China.

02 China has become L'OREAL's second largest market in the world.

L'OREAL Group CEO Jean Paul Agon said in an interview recently that China has become the group's second largest market in the world, and that in the 40 years of its career, a large part of its focus is on the Chinese market.

It is reported that L'OREAL group has decided to take part in the first China International Import fair to be held in Shanghai, so as to enable more Chinese consumers to understand and contact the group's brand products.

In the third quarter ended September 30th, L'OREAL Group sales increased by 7.5% to 6 billion 470 million euros, far exceeding analysts' expectations of 5.9%, a ten year high.

In the first 9 months of this year, L'OREAL Group sales increased by 6.8% to 19 billion 860 million euros compared to the same period last year, the most notable growth in Asia Pacific region including China, and 23.3% to 5 billion 342 million euros.

03 Canada Goose 32 million 500 thousand Canadian dollar acquisition shoe company Baffin

Canadian luxury, according to foreign media.

A recent announcement announced that it had acquired Canadian Footwear Company Baffin for 32 million 500 thousand Canadian dollars, with cash from existing cash and the issuance of 1 million 500 thousand Canadian restricted subsidiary voting rights to the seller. The acquisition will provide infrastructure and professional knowledge for Canada Goose's footwear industry.

Dani Reiss, chief executive of Canada Goose, said it had known for many years Paul Hubner, President of Baffin, and looked at the prospect of its innovative outdoor products.

Baffin was founded in 1979, and its footwear products, like Canada Goose's down products, are very cold resistant. It's one of the options for people to go to polar regions.

It is reported that after the completion of the paction, Baffin will continue to operate independently as a wholly-owned subsidiary of Canada Goose.

04 IKEA's $190 million stake in Sweden's fast fashion H&M

IKEA holding company Interogo recently invested 1 billion 700 million Swedish kronor, or about 190 million US dollars, to buy H&M group shares.

At present, Interogo owns 10 million 180 thousand Mobile shares of H&M group through its subsidiary IH CAPITAL HC1 AB, accounting for 0.6% of the total share capital and 0.3% of the voting rights.

It is noteworthy that Interogo spokesman Anders Bylund denied that the investment was to help H&M group privatize, and said that after the assessment, the investment in H&M group was a long-term financial investment.

05 Finland fashion brand Marimekko profits rose 44% in the third quarter

In the three months ended September 30th, Marimekko sales increased by 10% to 29 million 800 thousand euros, and operating profit rose 44% to 6 million 300 thousand euros.

In the first nine months of this year, the brand sales increased by 13% to 82 million 100 thousand euros, sales growth in all markets, retail sales increased by 11%, wholesale sales in Finland increased by 26%, and wholesale sales in the Asia Pacific region rose 20%.

As China becomes more and more important to the luxury fashion industry, Marimekko will further increase its marketing investment and accelerate its entry into the online market.

06 Avon AVON's third quarter net profit soared nearly 10 times.

In the third quarter ended September 30th, the sales of Avon AVON of the cosmetics group decreased by 2% to US $1 billion 350 million compared with 1 billion 380 million US dollars in the same period last year, and net profit soared nearly 10 times to 112 million US dollars.

AVON CEO Jan Zijderveld said the group needed time to pform and restructure in order to reverse the decline and admits its dissatisfaction with the quarter's performance. However, the measures taken have been effective. It is expected to reduce US $400 million in the next three years for unnecessary growth.

07 affected by Sears bankruptcy, Champion parent company's third quarter profit fell by more than 15%.

In the third quarter ended September 29th, the Hanesbrands sales of Chao brand Champion parent company increased by 2.7% to 1 billion 850 million US dollars compared with the same period last year, and net profit fell by 15.7% to 171 million US dollars from the Sears bankruptcy, which is lower than that of Wall Street analysts.

The chief executive, Gerald W. Evans Jr., said that although the US retail environment was still challenging, the group's overall performance was good, especially the Champion brand, with a 40% increase in revenue during the period.

08 American Apparel parent company third quarter sales growth 5%

Canadian apparel manufacturer Gildan Activewear released its quarterly results for the year ended September 30th, with sales rising 5.3% to 754 million US dollars, gross margin 29% and net profit 1.5% to 143 million US dollars.

Among them, including American Apparel

Sales increased by 12.1%, partially offset the 16.6% drop in sales in other clothing and underwear sectors.

At present, the integration of American Apparel and Gildan group business has basically been completed, and the next step will further expand the business of e-commerce.

09 in the first three quarters of the year, net profit fell 89%, closing nearly 300 stores.

According to the 2018 third quarter earnings report released by the precious birds, its operating income fell 0.52% to 2 billion 302 million yuan in the first three quarters, and its net profit plummeted from 89.14% to 16 million 59 thousand and 100 yuan, with a net loss of about 42 million 591 thousand and 300 yuan after deducting non recurring gains and losses.

Under the influence of restructuring and restructuring, the main brand of the bird is accelerating its closing business. It has opened 516 stores, closed 804 stores and closed 288 homes.

10 True Religion CEO announces retirement

True Religion, the high-end jeans brand in the United States, has announced that the current CEO John Ermatinger will retire and be temporarily replaced by Chelsea Grayson, the former chief executive of American Apparel. The board is looking for the long-term successor of the position.

John Ermatinger joined True Religion in 2015, prior to being the chief executive officer of Tommy Hilfiger Asia Pacific and the president of the Asia Pacific region of Gap group.

Since last year, Chelsea Grayson has been a member of the board of True Religion and chairman of the board of auditors.

11 MCM will cancel membership discount in disguised price rise 15%

According to the fashion business news, the German luxury brand MCM, which is currently controlled by Korea Companies, will cancel its membership discount from November 20th, and will increase its price by 15% in disguised form.

Up to now, MCM has not responded to the news.

In order to get into the $1 billion club as soon as possible, MCM announced the appointment of Dirk Sch nberger as the first creative director in early October.

Although the group belonging to MCM is not listed and does not disclose its performance, according to industry sources, sales in MCM 2016 are about $700 million, and it is expected to reach US $1 billion in 2020. Currently, there are about 500 sales outlets in 40 countries.

12 Pharrell Williams will launch a joint series with Chanel.

Following last year's three party joint venture with Adidas and Chanel

After a positive response, Chanel announced that it will launch a joint series with hip-hop musician Pharrell Williams recently. It is scheduled to be released at the end of this year with the Chanel 2018/19 early spring vacation series.

In fact, Chanel and Pharrell Williams have maintained close ties. Pharrell Williams has been the leading actor in the advertisement Reincarnation, which was personally directed by Chanel creative director Karl Lagerfeld 2014.

13 after Coca-Cola, the Pacific bird launched a joint venture with P & G cross-border.

The domestic clothing brand Taiping bird today released its P&G x Peacebird, which is launched with the global daily giant Procter & Gamble across the border on the WeChat public. The products include sweaters with the brand logo of P & G.

And windbreaker jackets, ranging from 400 yuan to 1700 yuan, are now on sale at Taiping bird's official website and offline designated stores.

14 Japan's cross-border electricity supplier market in China has exceeded 100 billion yuan this year.

According to Nikkei Chinese news, Japan's Ministry of economy and industry calculates that the size of the cross-border electricity supplier market in Japan to China in 2018 is expected to grow 25.9% to 1 trillion and 633 billion 900 million yen, or 101 billion 300 million yuan, to maintain an annual growth rate of about 20% by 2021.

According to other statistics, the export volume of cosmetics in Japan increased by 48.6% to 343 billion 300 million yen from January to August this year, and the export volume of cosmetics in mainland China doubled.

15 in order to compete for "double 11" traffic, Jingdong set up a live broadcast base.

According to the Beijing business daily, in order to meet the upcoming "double 11", Jingdong has quietly set up a live broadcast base, providing live anchors for live broadcasters, and some businessmen and branding merchants send samples to the live broadcast base.

According to Luojia, general manager of marketing department of Fashion Mall of Jingdong mall, there are 60 net red and 150 stores in the first phase of live base, and 30 hosts will be on the same line.

16 Amazon shares fell 20% in October and evaporated nearly 200 billion dollars.

According to foreign media reports,

At the end of October, it released a three quarter earnings report of net sales of US $56 billion 576 million and net profit increased by 1026%, but it did not reverse the decline of its share price in October. In the past October, its share price fell by more than 20%, and its market value also evaporated nearly 200 billion US dollars.