Ermenegildo Zegna 2018 Profits Up, Group Invests in Key Markets

MILAN — Reporting an uptick in net profits last year, the Ermenegildo Zegna Group is setting the foundations for further growth as it strengthens its omnichannel approach and continues to build its main market, China, while investing in other key regions, including the U.S. and South East Asia.
In the 12 months ended Dec. 31, net profits rose 3.6 percent to 34 million euros, compared with 32.8 million euros in 2017. Earnings before interest, taxes, depreciation and amortization edged up 0.7 percent to 143 million euros, a margin of 12.3 percent on sales.
Revenues declined 2 percent to 1.16 billion euros, compared with 1.18 billion euros. At constant exchange rates, sales inched up 0.4 percent.
Gildo Zegna, chief executive officer of the Ermenegildo Zegna Group, told WWD that he had a positive view of the performance last year, which was affected by a general slowdown in the international economy, currency fluctuations and weak demand in Europe and the U.S. The two regions were dented by slow tourist traffic, especially from China, as the Chinese now prefer to shop in Asia.
The men’s wear group can leverage the “advantage of being already well-known there,” said Zegna, who was in New York to celebrate the official opening

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Florsheim

Gant to Celebrate 70th Anniversary in Overseas Markets

Gant is gearing up to celebrate its 70th anniversary, but the festivities will be centered around its strongest markets in Europe and Asia rather than where it all started: Connecticut.
The brand traces its roots to 1949 when Bernard Gantmacher, an immigrant from the Netherlands, and his two sons, Marty and Elliot, opened a shirt factory in New Haven, Conn., and began selling a button-down shirt to the broader American market. It was embraced early on by the Ivy League students at the East Coast universities and soon became a key part of the preppy uniform.
But for the last decade, the brand has been owned by the family-owned Swiss company Maus Frères, which also owns Lacoste and Aigle. Its net sales in 2014 were $ 1 billion. And while it has a presence in 70 countries and operates 93 stores, its U.S. distribution is limited to mainly e-commerce, and four full-price stores and two outlets.
Under former chief executive officer Patrik Nilsson, the brand three years ago set into motion a plan to reintroduce Gant to its home country. But those efforts largely failed and the company is retrenching and refocusing its energies internationally.
Nilsson exited the brand last June and Brian Grevy, the chief

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Florsheim

Gaumont’s ‘The Emperor of Paris’ Pre-Sells to International Markets (EXCLUSIVE)

Jean-Francois Richet’s crime thriller “The Emperor of Paris” has been pre-sold by Gaumont to major territories. The crime thriller stars Vincent Cassel as Francois Vidocq, a real-life ex-convict who became a police detective during Napoleon’s reign. The cast includes Olga Kurylenko, August Diehl, Freya Mavor, Fabrice Luchini and James Thierée. Gaumont, which is hosting screenings […]

Variety

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Changing Markets Foundation Drags Viscose Into Sustainability Spotlight

Fashion has a dirty secret and its name is viscose, according to a new report by Changing Markets Foundation, an organization that campaigns for better corporate practice in the clothing industry.
In its latest report, issued this week, the group outlined viscose’s damage to the eco-system, and the fashion industry’s failure to address the problem.
According to the report, the global viscose market is worth $ 12 billion dollars and is set to reach $ 15.9 billion by 2021.
Following investigations into viscose’s supply chain, Changing Markets Foundation found that factories, with the majority located in China, were dumping untreated wastewater into nearby bodies of water, while toxic runoff destroyed local agriculture.
As a result of the investigations, Changing Markets has released Roadmap, a set of guidelines for brands to clean up viscose’s damage. Seven retailers have endorsed the Roadmap, including Inditex, Asos, Marks & Spencer, H&M, Tesco, Esprit and C&A.
Campaign director Nusa Urbancic said while major high-street retailers who command a large share of the market are working toward sourcing responsible viscose, the industry still needs to address this key issue.
“It’s time for luxury brands, high-street retailers and online stores to wake up and ingrain responsible sourcing into their policies. It’s a shame that most brands have so

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TideBuy Black Friday Sale 90% Off+ Extra Coupon

Wall Street: U.S. Markets Try to Rally After Monday’s Plunge and Global Selloff

The Dow Jones Industrial Average and other major U.S. stock indices on Tuesday tried to buck the global downturn of the past 24 hours and recover some of Monday’s historic losses. The Dow was down more than 500 points just after the 9:30 a.m. ET opening bell but quickly recovered and moved into positive territory. […]

Variety

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HanesBrands Markets New Maidenform and Playtex Items With Curvy Customers in Mind

CURVES AHEAD: Body confidence is very much de rigueur on social media, in advertising and on the runway. Just ask Jennifer Aniston, Chloë Grace Moretz, Khloé Kardashian and Karrueche Tran who have recently spoken out about fat-shaming.
Trying to be proactive, HanesBrands has introduced more full-figure and plus-size pieces under its Maidenform and Playtex labels. In an effort to appeal to Millennials who are said to prefer the term “curvy,” the company is pitching these new products as Maidenform Curvy and Playtex Love My Curves. After a year of research, the company said women who fit that description want intimate apparel that does not compromise fit, selection, color or style. Playing to that concept, Maidenform Curvy shapewear is designed for women whose dress sizes range between 16 and 30. It is sold in department stores and online, with retail prices starting at $ 44. Playtex Love My Curves, meanwhile, is available in sizes up to a G cup with retail bra prices starting at $ 42.
With these line extensions, both brands are trying to gain more sales in a burgeoning sector. For the 12 months ended June 2017, 30 percent of the combined dollar volume of bras, panties and shapewear stemmed from plus-size purchases,

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Seoul’s Night Markets Yield Unexpected Knockoffs

SEOUL — The Dongdaemun night market — a district of buildings here that sells goods well into the wee hours — has begun shilling the unexpected.
Market buildings like Doota and Migliore are venerable mazes of trendy clothes offered at a cheap-fix price. Other buildings wholesale designs as well, with buyers pouring into the markets past dusk while inventory workers haul weighty, plastic-wrapped bundles of garments over their shoulders as they arrive straight from factories.
While facsimiles of Gucci’s ruffle dresses and Céline’s shirting are on offer, there are also replicas of logo merchandise for sale.
While a visit to Dongdaemun in past years may have yielded copies of megabrands with particular resonance in Asia — Louis Vuitton, Chanel and Christian Dior included — these labels are no longer the market’s sole focus.
Now smaller, high-fashion labels are subject to imitation as well — as evidenced during a visit by WWD this week. At buildings like Maxtyle and Pyeonghwa Fashion Town, T-shirts and accessories bearing the names of Marques’ Almeida, Marni, Margaret Howell, Rochas, Acne Studios, Philipp Plein, Off-White and the skate brand Palace were spotted on racks. Most designs are priced under 50,000 Korean won, or about $ 44.
Some copies, like those of Off-White, take care to replicate the brand’s logo design. Others

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Milanoo.com Ltd

Propagate to Recut Cheddar’s Financial News for International Markets

Propagate, the independent studio run by Ben Silverman and Howard T. Owens, has cut a deal with digital network Cheddar to reformat the startup’s youth-targeted financial news content and ship it overseas. The companies will initially produce a weekly 45-minute show called “Cheddar World,” which will be an edited-down version of Cheddar’s existing content customized for… Read more »

Variety

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Teotihuacan Mexico City Markets & Food Experience

Teotihuacan Mexico City Markets & Food Experience


Brace yourself for a BIG day of all things Mexican on this Mexico City tour that includes sipping sacred Aztec drinks climbing the Sun Pyramid carousing through street markets negotiating the city’s public transit system visiting a factory that makes cactus candy and dining with a local family.
List Price: $ 78.00
Price: $ 78.00