Jiangnan Buyi Acquired Established&Sons; Hermes Distribution System Is Sued

In March 2024, Jiangnan Cloth and Global Design Distribution (GDD) announced that they had jointly completed the acquisition of British contemporary avant-garde furniture design brand Established&Sons (E&S), and Jiangnan Cloth and GDD jointly held most shares of E&S. This cooperation will become an important milestone in the process of E&S brand development. The two sides will jointly introduce excellent resources for brand development, accelerate the brand to provide more excellent products and services for the global design market, and promote the brand business development into a new stage.

Cowboy retailer Guess plans to acquire Rag&Bone through a joint venture with brand management company WHP Global. It is reported that the transaction to acquire the brand is expected to be completed this quarter. In addition, Guess also plans to include Rag&Bone's business in Chile and Peru, promote its core business in the fourth quarter, and reserve some additional funds. Provide funds to shareholders. Recently, Guess agreed to pay a special dividend of $120.8 million. The brand side said that Paul Marciano, the co-founder and chief creative officer of Guess, has "fully engaged" in the work of Rag&Bone, which is the first time that the company has acquired an external brand in 43 years.

On March 20, Taobao Fashion New Power Week held the first "Night of Celebrities" fashion festival in Hangzhou, where hundreds of stars and celebrities came to the scene. Celebrities and celebrities gathered on the night of the "Night of the Red Man". Zhang Dada hosted the event on the spot. Lin Yun, Song Yanfei, Xing Fei, Xu Mengjie, Wu Yuheng, Zhang Yaqin, Teng Zewen and other stars attended the event. There were also celebrity anchors such as Lie'er Baobao, Xia Shiwen, Lu Qingyi and Taobao shopkeepers. The "Night of Celebrities" is a super celebrity event in the apparel industry, gathering the most influential people and brands in the domestic fashion apparel industry. On the spot, Taobao presented the most valuable series of annual awards in the clothing industry, including the annual influential celebrity, the annual cutting-edge celebrity, etc. It is worth mentioning that Taobao also awarded the annual Guofeng Hongren Award for Guofeng, an emerging track, and arranged a wonderful 12 Huashen Guofeng catwalk at the "Night of Hongren". At the event site, Taobao also signed the "T1000 New Red People Plan" with six MCN institutions.

Swarovski recently released its 2023 annual performance report. The company's sales reached 1.832 billion euros, with a steady growth of 4% at a fixed exchange rate, and comparable sales increased by 10%. In the context of slowing growth of the global luxury market, Swarovski's strong performance is far higher than the market level. In addition, the company's EBIT before restructuring costs was corrected for the first time since 2019. The strong performance in the fourth quarter has become the key driving force for the overall performance in 2023. The quarterly sales increased to 9%, and the EBIT before restructuring costs reached the highest level since the third quarter of 2018. "The strong performance of this year's business further confirmed the effectiveness of LUXignite's strategy, as well as the lasting appeal of our iconic brand image and exquisite craftsmanship," said Mr. Alexis Nasard, CEO of Swarovski, "In 2024, we will focus on the prudent implementation of the strategy, continue to focus on the brilliant creativity of product series and communication activities, and further strengthen the investment in retail networks and major brand activities."

Recently, Hermes, a French luxury goods company, was sued in California, and was accused of only allowing customers with enough purchase records to buy its well-known Birkin bag. On March 19, California residents filed a federal class action lawsuit in San Francisco, accusing Hermes of violating the anti-monopoly law by tying a product with other products purchased by customers. The lawsuit pointed out that the salesmen of the company promoted this sales mechanism by urging customers to buy shoes, scarves, jewelry and other goods to obtain the opportunity to buy Birkin bag. According to the lawsuit, Birkin bag usually costs thousands of dollars each. Consumers cannot buy Hermes' Birkin bag online, and the company's store will not display this bag for sale. Usually, only those consumers who are deemed worthy of buying Birkin bag will get the opportunity to show Birkin bag to them, which means Hermes' salesmen do not earn commissions from selling Birkin bag, Instead, he was instructed to use this classic handbag as a way to coerce consumers to buy matching goods. Hermes and the plaintiff's lawyer have not commented on this matter.

Recently, J. Jill released financial data. According to the data, for the quarter ended February 3, J Jill's net profit was $4.8 million, or 33 cents per diluted share, while its net profit in the fourth quarter of fiscal year 2022 was $1 million, or 7 cents per share. Adjusted fourth quarter EBITDA (profit before interest, depreciation and amortization) was $17.6 million, compared with $15 million in the same period last year. As sales and profits exceeded expectations, investors pushed J.Jill's share price up 6.1%, or $1.51, to $26.24 as of Wednesday noon. J. Claire Spofford, president and CEO of Jill Inc., said in a statement on Wednesday: "We are pleased with the strong performance in 2023, and the fourth quarter and full year performance exceeded our expectations. We will continue to implement a strict operating model, while investing in capital and operating expenses, which we believe will support initiatives to promote profitable sales growth.

Shanghai Sukaitai Hotel cooperates with the art trend brand Farmer Bob to launch the limited theme room of "adventure". The guestroom is fashionable, comfortable and full of vitality. The guestroom furniture is made of natural materials, wooden furniture, metal line lamps, and light green diatom mud walls, which are unique and warm. Minimal space, full of texture of daily details, bring pleasing healing power. From April 1, 2023 to April 30, 2024, we will search for the meaning of travel together with Shanghai Sukaitai Hotel and FARMER BOB, and go on a wonderful adventure. When staying in Shanghai Sukaitai Hotel and FARMER BOB "Adventure" limited theme suite, you can enjoy the brand limited set, including pillowcases, slippers, bathrobes, bath towels, bottle covers, the latest FARMER BOB 9th generation adventure series blind box, and enjoy the surprise afternoon tea with the theme of "Love Volcano" in the lounge on the first floor of the hotel. More exciting limited products and information can be obtained at the official WeChat mall of Shanghai Sukaitai Hotel.

Dita, a luxury glasses brand in Los Angeles, USA, launched 2024 Asia limited capsule series. This series not only continues Dita's traditional avant-garde and elegant style, but also brings a new experience to Asian people who pursue high quality life with its unique brand concept of "becoming a school of their own". Instead of relying only on the nose rest to adjust and fit the face contour, the Dita 2024 Asia Limited Capsule Series has improved the comfort of wearing through carefully designed details, while maintaining a high-level fashion sense. This Dita 2024 Asia limited capsule series is the first time that the Dita brand has launched specifically for Asian face types. There are 26 types of this series, which will be launched irregularly. Since March, Dita has taken the lead in launching several pieces, including optical glasses and sunglasses.