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ECommerce Coordinator – Pedestrian TV

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Now Hiring an Ecommerce Coordinator | This luxury fashion brand is on a rapid growth trajectory both locally and internationally. This position is a great opportunity for an extraordinary talent to gain experience in e-commerce in a growing environment. Based out of their headquarters in Alexandria, you will be mentored by some of the brightest names in luxury fashion.

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THE ROLE

  • Manage the e-commerce inbox according to luxury brand service standards, including managing customer feedback and proactively analyzing customer behavior through to management feedback.
  • Coordinate the shipment of orders through our retail network and warehouse.
  • Handle customer service requests from all phones and emails (and webchat in 2022)
  • Monitor packaging supplies and report replenishments to management as required.
  • Support the ecommerce manager in achieving weekly and monthly sales goals as well as any specific ecommerce project.
  • Work with internal teams – especially with retail and marketing – and be able to both collaborate and work independently as needed.
  • Manage sales in the point of sale (1-2 days a week)
  • Welcome buyers and marketing / PR contacts in the showroom.
  • Provide occasional assistance to management

Our dream candidate looks something like this:

  • Demonstrated experience in customer service and sales.
  • Familiarity with ecommerce platforms – ideally Shopify.
  • You are a clear communicator, both written and oral.
  • Great attention to detail, exceptional organizational skills and efficiency in juggling a number of tasks simultaneously
  • A positive and energetic attitude combined with good listening skills
  • Being able to think outside the box and go beyond what is sometimes required.
  • Initiative and ability to solve problems and provide effective solutions to daily tasks.
  • You’re not afraid to roll up your sleeves and make it your own, but you also enjoy working collaboratively with others

In return, there is a tight-knit collaborative team who are very engaged and love what they do. This is a successful, dynamic and fast growing luxury brand – with a move to new pending offices and international growth – this is an exceptional opportunity to work with one of the brightest names. of the Australian luxury space.

Burberry buyers buy goods in Paris and Milan, not London | Burberry group

Tourists hope to hang on Burberry products are heading to Paris and Milan rather than London, while luxury shoppers face steep price increases as costs rise, according to the British fashion brand.

Burberry, which is considering a return to the “Britishness” of the 167-year-old company in a refocusing under new managing director Jonathan Akeroydsaid American tourists to Europe fueled a double-digit increase in store sales in the three months to the end of September.

While the UK has performed well in Burberry’s European operations, its chief financial and operating officer, Julie Brown, said the UK government’s decision to no longer allow tourists to reclaim VAT on commercial purchases had hurt Britain’s status as a holiday shopping destination.

“There has been an increase in the number of tourists, especially Americans, but not to the same degree as before,” she said. “More tourists are going to Paris, Milan and continental Europe. Duty-free shopping was a real incentive for the luxury shopper to come to the UK.

“The UK is doing well, but we are now seeing that tourists tend to go more to mainland Europe, which is also impacting other industries, including hospitality and hospitality.”

The company said tourism growth in the Europe, Middle East, India and Africa (EMEIA) region had more than doubled in the six months to the end of September, in turn doubling its share of sales to over 40%. of the total for the Region.

Burberry reported an 11% increase in same-store revenue in the three months to the end of September as shoppers purchased the brand’s signature luxury handbags and trench coats. First-half revenue was £1.34 billion, with EMEIA growing by a quarter over the period.

Brown said sales of its leather goods line, led by the Lola handbag, and outerwear, rose 11% and 18%, excluding mainland China which was down. affected by Covid restrictions.

Former Versace boss Akeroyd, who joined Burberry in March, was due to give more details on Thursday of new plans to build Burberry into a £5billion global luxury brand within five years.

The company, which operates 454 stores, concessions and franchises around the world, said the new plan “will refocus on Britishness and strengthen our connection to British design, craftsmanship and culture”.

Akeroyd and new creative chief Daniel Lee aim to double sales of leather goods, footwear and women’s ready-to-wear, and increase outerwear revenue by half, in the medium term.

The objective is also to increase sales of accessories to represent more than 50% of total revenues in the longer term. Accessories currently account for approximately 36% of sales.

“We are a brand with a very strong history, we are the UK’s largest luxury brand with over 160 years of history,” Brown said. “We [will be] focusing on our modern British luxury positioning and bringing all our products to their full potential.

Recycled Ocean Plastics Market Forecast to 2028

ReportLinker

The market for recycled ocean plastics was valued at $14,432. 91 million in 2022 and is expected to reach 23,579 USD. 40 million by 2028; it is expected to grow at a CAGR of 8.5% from 2022 to 2028.

New York, Nov. 16, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Recycled Ocean Plastics Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Resin Type and Application” – https://www. reportlinker.com/p06363001/?utm_source=GNW

Concerns about plastic pollution are increasing due to its negative impact on living organisms. Tons of plastic waste dumped into the oceans and waterways every year is hampering the marine ecosystem.

As a result, various manufacturers are focusing on recycling ocean plastic waste and turning it into useful products such as shoes, bags, luggage, wallets, and clothes. A wide range of plastic resins can be obtained after recycling ocean plastic waste and includes polyethylene, polypropylene, polystyrene, polyvinyl chloride and polyethylene terephthalate.

The growth of the recycled ocean plastics market is primarily attributed to the growing awareness of environmental sustainability and the growing demand for recycled ocean plastics from the footwear, apparel, and packaging industries. Additionally, many governments and non-profit organizations are taking initiatives to increase the recycling of plastic waste that ends up in oceans and landfills.

These government regulations enhance the growth of the market. Emerging applications of recycled ocean plastics in food packaging will provide lucrative opportunities for recycled ocean plastics manufacturers during the forecast period. Collecting marine plastic litter is a complicated process. High-tech equipment is needed to collect floating plastics in oceans and seas. Hence, various challenges associated with waste collection and disposal are hampering the growth of the recycled ocean plastics market.

The global recycled ocean plastics market, by resin type, is segmented into polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polystyrene (PS) and others. The polyethylene terephthalate segment held the largest market share in 2021.

Polyethylene terephthalate is the most used plastic because it is transparent, strong, light and 100% recyclable. Polyethylene terephthalate bottles collected from the ocean are used for recycling purposes.

Due to the increased demand for packaged foods and beverages, polyethylene terephthalate is used for food packaging and bottling applications. Government initiatives regarding plastic recycling and high financial investments are propelling the demand for recycled polyethylene terephthalate.

In 2021, Asia-Pacific held the largest revenue share of the global recycled ocean plastics market. The regional market, by country, is segmented into Australia, China, India, Japan, South Korea and Rest of Asia Pacific.

With a growing population in the region, the footwear, packaging and construction industries are growing rapidly. The presence of well-established footwear, apparel, and packaging companies in the region is significantly driving the demand for recycled ocean plastics.

The construction sector in Asia-Pacific countries has a lot of potential. Construction is an essential industry that contributes significantly to the economic growth of the region.

The rise of urbanization has led to an increase in construction activities for residential purposes. Recycled ocean plastics are used in the construction industry. It is used in road development, facade design, roof design and as a material for doors and windows. Wide applications of recycled ocean plastics in the construction industry are further fueling the growth of the recycled ocean plastics market in the region. Additionally, regional manufacturers produce environmentally friendly products to reduce the carbon footprint. For example, Covestro, Huafeng and Cyclone jointly developed a solution to sustainably produce high-quality sports shoes. Such developments drive the growth of the market.

Aquafil SpA; BIONIC; Tide Ocean SA; Oceanworks; Textile Santanderina; Consider plastics; OceanYarn; Waste2Wear; Unifi, Inc.; and SABIC are among the players operating in the recycled ocean plastics market. These companies make significant investments in R&D to develop innovative products that meet the emerging needs of consumers. Market players operating in the recycled ocean plastics market are focused on providing high-quality products to meet customer demand.

The overall global recycled ocean plastics market size has been derived using primary and secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Additionally, several primary interviews were conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. Participants in this process include industry experts such as vice presidents, business development managers, business intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts and key opinion leaders, specializing in the recycled ocean plastics market.
Read the full report: https://www.reportlinker.com/p06363001/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001

Estée Lauder to buy fashion brand Tom Ford for $2.8 billion

Nov 15 (Reuters) – Estee Lauder Cos Inc (EL.N) said on Tuesday it has agreed to buy U.S. fashion brand Tom Ford for $2.8 billion, its biggest deal to date, adding a range of beauty and clothing products to the Clinique brand owner’s portfolio. .

So far, luxury companies have enjoyed steady demand for their products, but cracks are starting to appear as decades-high inflation forces some customers to tighten their wallets. Read more

Estee said this month that U.S. retailers were cutting inventories of its products on fears of slowing demand and lowered its full-year forecast, hurt by lockdowns in China.

While Estee Lauder already sells Tom Ford beauty products and perfumes, the deal has raised some eyebrows on Wall Street.

“Given the strength of Tom Ford Beauty, particularly in EL’s most important long-term growth market in China, we understand the lure of the deal, but running the fashion business leaves some questions. “, wrote Raymond James analyst Olivia Tong in a note dated November 14.

The deal is the latest in a series of acquisitions by Estee Lauder, including taking over skincare brand owner Ordinary Deciem last year for around $1 billion. (https://reut.rs/3tqhWrK)

As of Tuesday’s close, Estee shares have fallen 17% since talks with Tom Ford were reported by the media in August.

Tom Ford entered into exclusive negotiations with Estee Lauder last week, beating competing offers from firms such as Gucci owner Kering SA (PRTP.PA), the Financial Times reported on Friday.

Estee plans to fund the transaction through a combination of cash, debt and $300 million in deferred payments to sellers that mature beginning in July 2025, the company said.

Chief Executive Tom Ford will continue to be the brand’s creative visionary.

Perella Weinberg Partners LP served as financial advisor to Estee, while Paul, Weiss, Rifkind, Wharton & Garrison LLP served as its legal advisor. Goldman Sachs & Co. LLC was Tom Ford’s financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP was its legal advisor.

Reporting by Granth Vanaik, Deborah Sophia and Manya Saini in Bengaluru; Editing by Shailesh Kuber and Maju Samuel

Our standards: The Thomson Reuters Trust Principles.

Global luxury goods market expected to grow 21% in 2022 to reach €1.4 trillion – WWD

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MILAN — Despite all the uncertainties, the global luxury industry continues to grow and is expected to grow even further in 2023 and into 2030.

According to the latest luxury research from Bain & Company in collaboration with Fondazione Altagamma, presented in Milan today, the global luxury goods industry as a whole is expected to reach a market value of around 1.4 trillion dollars. euros in sales in 2022, up 21% compared to the previous year. .

In particular, personal luxuries the industry is on track to see its revenues jump 22% to 353 billion euros in 2022 compared to 2021.

The performance in the last quarter of this year will largely depend on the gradual lifting of COVID-19 restrictions in China and the confidence of European and American luxury consumers in the face of rising inflation.

The personal luxury market is expected to grow by at least 3-8% next year, even if global economic conditions slow, and by 2030 the market value is expected to climb to around 550-570 billion. euros, an increase of 60% or more compared to 2022.

The luxury market is expected to be more recession-proof next year than during the 2009 global financial crisis.

“In the second half of 2008, consumer confidence in luxury was down and there was a dose of luxury shame, while customer attitude is now different, and sustained almost everywhere, with big tickets and choice high in products,” said Federica Levato. , a partner at Bain & Company, leader of its EMEA Luxury Goods and Fashion practice, and co-author of the report.

Additionally, Levato pointed to a larger and more global customer base, as the Chinese market was still small in 2008 and 2009.

She also noted that companies, having weathered COVID-19, are more prepared to directly engage customers and continue to invest in activations and marketing, in digital and physical technologies, even in the face of high inflation and a rising costs, which lead to their profitability. to decrease slightly due to sales growth, after an unprecedented increase in 2021.

“The new wave – the new wave – of the luxury goods market will require evolving amid disruption, adapting amid uncertainty, and expanding creativity across the board – while developing new trends and concepts,” said Claudia D’Arpizio, a Bain & Company partner, head of Bain’s global luxury and fashion products practice and lead author of the study.

In the coming years, Gen Z and “Gen Alpha” spending is expected to grow about three times faster than other generations through 2030, accounting for one-third of the market. This is partly due to an earlier attitude towards luxury, with Gen Z consumers starting to buy luxury items around three to five years earlier than Millennials, and Gen Alpha is expected to behave similarly. .

Levato said companies will now have to deal with new priorities: ESG, creativity chain, technology and data. “These areas are rich in opportunity for luxury brands, but investments for future growth are crucial.”

The study also points to other key trends, such as a return to brick-and-mortar retail, which was “not unexpected,” Levato said. “We have taken this into account in previous estimates, estimating that when tourism restarts, it would be normal to return to the shops.”

The United States and Europe have shown strength, but there are also new markets that show potential, such as Southeast Asia and Korea. India and emerging countries in Southeast Asia and Africa have significant potential, even if they need to improve their infrastructure, the study indicates.

China remains crucial for the luxury market, but its performance is still below 2021 figures, due to ongoing restrictions, and is expected to recover between the first and second half of 2023.

The consumer base of the luxury market is expanding with some 400 million consumers in 2022 which is expected to increase to 500 million by 2030. The upper and upper end of the luxury market has grown and accounted for approximately 40% of the market value in 2022 against 35% in 2021.

Levato said all luxury categories are now back to 2019 levels or better, with hard luxury, leather goods and apparel leading the post-pandemic resurgence.

“There is a shift to the ‘post-streetwear’ era, which retains certain elements such as gender fluidity, occasionless clothing, inclusiveness and sports inspiration, but goes beyond its codes of style through new and improved techniques, materials and functionality, such as sartorial and casual integration, high-tech and durable fabrics,” concluded Levato.

Dolphin Entertainment Adds Socialyte Influencer Marketing Powerhouse

MIAMI, November 14, 2022 /PRNewswire/ — Dolphin Entertainment, Inc. (NASDAQ: DLPN) has added leading influencer marketing agency Socialyte to its family of top entertainment marketing agencies. New YorkSocialyte joined Los AngelesInfluencer marketing agency Be Social within Dolphin, alongside leading entertainment PR firms 42West, Shore Fire Media and The Door, and creative agency Viewpoint.

Launched in 2011, Socialyte is an influencer marketing powerhouse, with teams in New York, Los Angeles, Miami and Nashville representing some of the most sought-after creators, from digital-only talent to celebrity talent. Socialyte has a client list of over 125 market-leading influencers, including Jana KramerLauren Bushnell Lane Catt Sadler, Mary Fitzgerald and Wendy Nguyen from Wendy’s Lookbook, to name a few. Socialyte secures thousands of talent campaigns each year with leading brands like Amazon, American Express, Bose, Cartier, Dyson, Honest, Olay, Target and more.

Lytehouse, Socialyte’s sister agency, represents some of the world’s most iconic brands, providing the full spectrum of influencer campaign services, from strategy and casting, to execution and delivery, with in-depth analyzes and reports. The company delivers hundreds of campaigns a year, with current and recent clients including Airbnb, Amazon, American Express, Anne TaylorBeauty Armani, Audi, Boll & Branch, Clarisonic, Conde NastEtsy, Keurig Dr Pepper, Michael Kors, Nutribullet, Perrier, Prada, Ralph Lauren and W hotels.

“Socialyte’s customer list speaks for itself, and we are thrilled to welcome the company to the Dolphin family,” said Dolphin CEO. Bill O’Dowd. “Led by an absolutely terrific management team with deep industry experience, Socialyte has an excellent reputation for top-notch customer service. From Socialyte’s base to New York and the Be Social base at Los Angeleswe believe we have established the absolute leader in the bi-coastal influencer marketing market.”

“Influencer marketing is a high growth area for the industry in general, and for Dolphin in particular,” O’Dowd continued. “We now have enormous scale in this incredibly fast growing vertical, which offers clients a greater choice of influencer partners, unparalleled expertise in the fashion, beauty, lifestyle and entertainment industries , and the ability to expand rapidly into new platforms and influencer groups through a dynamic and evolving marketplace.”

Evan LuzzatoChairman of Socialyte, adds, “The group of marketing companies that Dolphin has under one roof is amazing, each of them a leader in their respective industry. The depth and breadth of their relationships in all major areas of lifestyle and entertainment is unparalleled. . We ultimately decided to join Dolphin because we know it will unlock the greatest potential for Socialyte and Lytehouse, for the benefit of the creators we represent, as well as our big-name brand clients. For more than a decade, Socialyte’s work has helped shape influencer marketing, and the global creator ecosystem. This partnership will allow us to shape the industry for many years to come.”

Socialyte will work alongside new sister agency Be Social, a leading, full-fledged influencer marketing agency based in Los Angeles. Be Social manages nearly 100 top designers, including Remi Ishizuka, Becca Tilley, witney carson, Christine The, and The LadyGang, and runs influencer campaigns for a variety of top brands, including Canva and Lulu’s. Together, Be Social + Socialyte represent over 200 talented creators with hundreds of millions of social media followers. Socialyte and Be Social operating under one roof immediately create a bi-coastal combination unmatched within the influencer marketing industry.

By joining Dolphin’s super group of entertainment marketing agencies, Socialyte now has access to the resources and connections of leading PR firms 42West (film + TV), Shore Fire Media (music) and The Door (food, hotel and consumer), as well as award-winning creative agency Viewpoint. Together, the Dolphin companies represent over 1,000 clients, including global celebrities, feature films, TV series, streaming services, musicians, venues, festivals, video game publishers, teams and leagues from eSports, culinary celebrities, hotels, toy companies, consumer brands and Web3 Projects, plus award campaigns for nominees in over 100 Oscar, Emmy and Grammy categories in 2022 alone .

“I am beyond thrilled to work alongside the incredible businesses at Dolphin Entertainment, including Ali and the team at Be Social as well as the best PR firms in the entertainment industry,” said Socialyte President, Sarah Boyd. “Not only will the synergies between our businesses enable us and our customers to continue our success, but with the power of the entire Dolphin team behind us, we can now better bring the unlimited creative ideas and ambition to life. of our talents.”

Socialyte and its team of 40 employees will continue to operate under their own name from Dolphin’s New York and LA offices, with Sarah Boyd remaining as CEO, and its entire management team and staff were welcomed into the Dolphin family of agencies. Furthermore, the president of Socialyte Evan Luzzato will continue as an advisor to the CEO of Dolphin Bill O’Dowd.

K&L Gates LLP served as legal counsel to Dolphin Entertainment. FTI advised Socialyte on the transaction, and Rooney Nimmo was legal counsel for Socialyte.

About Dolphin Entertainment

Dolphin Entertainment is a leading independent entertainment production and marketing company. Through our subsidiaries 42West, The Door, Shore Fire Media and B/HI (a division of 42West), we provide expert strategic marketing and advertising services to many leading brands, both individual and corporate, in the film, television, music, gaming and hospitality industries. All three PR firms were ranked among the most recent Observer “Power 50” PR firms in United States. Viewpoint Creative and Be Social complement their efforts with full-service branding and production capabilities, as well as social media and influencer marketing services. Dolphin’s legacy content production company, founded by the Emmy-nominated CEO Bill O’Dowd, has produced several award-winning feature films and digital series, and recently entered into a multi-year deal with IMAX to co-produce feature documentaries. In early 2022, Dolphin launched WCIP (pronounced We Come In Peace), its new marketing, consulting and communications agency focused solely on the development and commercialization of blockchain, metaverse and Web3 projects and initiatives, for current clients. and future, as well as investments in owned projects. To learn more, visit: https://www.dolphinentertainment.com.

About Socialyte

Socialyte is a digital influencer and celebrity management agency that has been at the forefront of influencer management since its inception in 2011. Socialyte exclusively represents over 100 sought-after creators, from digital-only talent to celebrity talent, facilitating sponsorships, brand licensing, and a creative strategy to build influencer partnerships in the digital space. Lytehouse is a full-service creative influencer marketing agency that helps brands meet and exceed their business goals through the power of digital influence. Comprised of casting directors, talent strategists, brand partnership managers and leading creative producers, Lytehouse works with brand partners at every stage of the influencer marketing campaign process to provide digital strategy to 360 degrees that achieves brand goals.

Dolphin Fun SOURCE

Retailer Joules announces plans to appoint directors

VS

National fashion brand Joules has announced plans to appoint directors after failing to secure a funding deal to shore up the business, putting around 1,600 jobs at risk.

The company revealed last week that he was in discussion with a number of investors trying to raise funds after a mild autumn and the loss of consumer confidence which weighed on its sales.

But on Monday, he said those talks had failed and Interpath Advisory’s administrators would take control to protect its creditors.

Garden Trading, Joules’ furniture and fixtures business, will also file for administration.

Shares in the company have been suspended “pending further clarification of the company’s financial situation”, the London Stock Exchange said.

The value of its shares has fallen 93% this year, from around 140p in January to 9p at the end of last week.

Once a beloved brand of the Prince and Princess of Wales, Joules began life selling designer clothing and accessories at horse and country shows in the late 1970s.

Tom Joule, son of company founder Ian, successfully oversaw its transformation from a niche brand to a high street staple, and Joules opened its first store in 2000.

It now has 132 stores plus four concessions and three franchise stores across the UK, meaning its collapse would leave more units empty on Britain’s high streets.

The company listed its shares on the London Aim Junior Stock Market in 2016 and was then valued at £140m.

But despite the success of its colorful ranges of country casual wear, Joules has struggled in recent months as cautious consumers cut back on spending.

In August it warned it was facing an annual loss due to high levels of discounting, which had squeezed its margins and left it at risk of defaulting on debt obligations.

A potential takeover deal with Next, which had been announced earlier this year, also fell apart in September.

Victoria Scholar, head of investments at Interactive Investor, said the company had become the latest victim of the wider demise of the UK high street.

“Joules has struggled with squeezed household budgets after post-pandemic and war-induced inflation supercharged the cost of living, leaving far less money for retail spending,” he said. she declared.

“The latest UK retail sales figures underscore the difficulties facing stores across Britain, with a 6.9% year-on-year fall in October, as sales retail are still languishing below their pre-covid February 2020 levels.”

But Susannah Streeter, senior investment and market analyst at Hargreaves Lansdown, said Joules failed to keep up with changing fashion trends.

“Joules might have weathered this particular storm if its product lines had been more diverse and design teams had followed the trends,” she said.

“The clothing retailer, once the darling of the outdoor ensemble, had become stuck in a rut – as sportswear took over as casualwear for the younger generation and even Joules’ core customers , began to fall in love with the staples of her floral and fashion ranges.

Others have suggested that Joules could still be bought out by a rival.

Sarah Riding, retail partner at law firm Gowling WLG, said: “Given the surprising acquisitions and strategic partnerships that have been struck in the retail industry recently, there should be at least one some optimism that another industry player will come to the rescue of a brand. that still resonates with consumers.

Blue dial watches for women: Favorites | Most Wanted Products

Can we elevate blue dial watches to the same level as white and black dial watches? For decades watchmakers have embraced blue, and for some brands it has become a defining characteristic. Talking about the color blue has a calming effect because it is found naturally in water as well as in the sky. Given the fascination finance nerds and rich men have with wristwatches, it’s hard to believe they ever went out of fashion for men. Women have also always been fans of high-end watches, but it looks like we’re only just starting to talk about it. Women are a rapidly growing and highly opinionated consumer segment, as the headlines of almost every major media proclaim. Many brands have taken the lazy “pink and shrink” approach to women’s watches. Moreover, some renowned watchmakers have designed these blue dial watches especially for women. Without delay,
Here is our list of the 8 best blue dial watches for women:

This women’s analog Timex watch is ahead on this list of best blue dial watches for women priced below 3k. This blue dial Timex watch comes in a perfect gift box which makes it a perfect gift. Perfectly crafted, this Timex watch features a beautiful thin silver metal bracelet. Finally, the bracelets of this watch give the watch a head start. Wearing this watch with a good evening outfit will surely make you look a class apart.

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Let’s talk about some of the best blue dial watches for women. First up is this Fastrack Fundamentals Analog Blue Dial Women’s Watch. Moreover, this sturdy watch is made of high quality stainless steel, which makes it more durable. Its dial is blue which harmonizes perfectly with the silver metal bracelet. The dial however is solid brass 36mm in diameter. Moreover, wearing this watch in your everyday outfit at your office or going to college will surely give you a stylish look.

Moving along this list of the best blue dial watches for women is this Daniel Klein analog blue dial watch for women. Moreover, this Daniel Klein watch is unique in its own way. With blue straps and a blue dial, this watch is perfect for someone who loves the color blue inside and out. Moreover, its minute and hour hands are made of high quality material which looks exquisite and adds to the elegance of this watch. Moreover, this watch is also water resistant up to 30 meters and also comes with a 2-year manufacturer’s warranty.

Sonata Essentials Analog Blue Dial Women’s Watch

Next on the list of best blue dial watches for women is this essential blue dial watch from Sonata. Sonata is one of the oldest and best known names in the Indian watch market. This watch from Sonata will surely make you realize its value and build quality. Moreover, this watch is made of supreme quality stainless steel, which makes it very durable. This old-school retro look watch will surely give you back that old 90s charm. However, this Sonata watch can also be a perfect gift for your parents on their birthdays or anniversaries.

Click here for the price.

Compared to other watches on this list, this Sonata watch has a bit large dial, which makes it look better than others. The silver-lined Sonata has a metal chain bracelet that perfectly complements its blue dial. Moreover, its beautiful blue dial also features engraved floral patterns to make it more elegant and attractive. However, available at such an affordable rate on various e-commerce sites, buying this watch should be on your priority list.

Agree on this price list of blue dial watches for women with the next Swisstone analog women’s watch, this blue dial watch from Swisstone is currently available at very affordable prices online. However, this blue and silver watch from Swisstone is one of the best watches available at this price. The thin metal bracelet of this watch perfectly complements the beautiful blue dial. Talking about its dial, the blue dial of this watch is adorned with a beautiful tulip to give it a more elegant and unique look.

This floral fashion women’s watch has taken this list of the best blue dial watches for women to another level. Setting high standards, this watch is also made of high quality metal and the high quality mechanism is used inside its machine to make it stronger and more durable. The design of the rose gold metal bracelet also gives this Timex watch a look worthy of admiration. Additionally, this Timex floral watch also has a gorgeous black and yellow texture on the dial to give it a more premium look. This Titan floral fashion watch will also be a perfect gift for your wife, girlfriend or mother.

Towards the end of this list of the best blue dial watches for men, the following product is considered one of the most stylish wristwatches here. The strap of this beautiful Chumbak forest jade wristwatch is made of PU and leather. The textured strap of this wristwatch is one of the most attractive features of this watch. It has an exquisite texture feel that you don’t often see in watches at this price point. Additionally, the rose gold case of this wristwatch from Chumbak is 24cm wide and the straps are 3.5cm wide. Wearing this Chumbak wristwatch with any of your casual or formal outfits will surely enhance your look even more.

Blue Dial Watches for Women – FAQs

  1. Does a watch with a blue dial go with everything?
    As stated earlier, blue is complemented by almost every other color on the color wheel. Depending on the case material, you can wear the watch on a silver, yellow gold or rose gold bracelet. You don’t have to worry if you prefer straps with rubber, leather or fabric straps.
  2. What is the best color for a watch face?
    Black is one of the best watch face colors because black dial watches usually have white or luminous minute and hour hands, making it easier to tell the time in low light and dark conditions. poor visibility. Black is the best dial color overall.
  3. How do blue watch hands get their color?
    Blue is usually obtained by electroplating or spray painting. As a result, only high-end brands insist on flame bluing of each hand and hand screwing, making it a highly desirable feature of luxury watches.

DISCLAIMER
: The Times of India reporters were not involved in the production of this article. The prices of the products mentioned in the article are likely to evolve with the offers.

Tesla stock sheds more than 5% this week as CEO Elon Musk ends another Twitter rollercoaster week

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By Claudia Assis

On Monday, shares of the electric car maker fell below $200 for the first time since June 2021 – and they are still stuck there at the end of the week

Tesla Inc.’s stock has fallen 5.5% this week, underperforming both the broader stock market and its automaker peers as Chief Executive Elon Musk ends another rollercoaster week at the helm. of Twitter Inc.

Tesla (TSLA) stock fell below $200 on Monday for the first time since June 2021, and on Wednesday fell to its lowest level in nearly two years.

See also: Tesla stock removed from Wedbush’s Best Ideas list following Twitter debacle; deal is ‘anxious cycle for investors to navigate’

The stock has recovered ground over the past two sessions, up nearly 8% over the period, but remains below $200 on Friday.

The S&P 500 index gained 5.9% this week, with General Motors Co. (GM) and Ford Motor Co. (F) rising more than 5% and 7% respectively.

Earlier in the week, a Kelley Blue Book survey focused on car purchases found that Tesla fell from sixth to fifth place in the ranking of the most purchased luxury brands.

In the third quarter, 12% of all luxury car buyers considered a Tesla, down 3 percentage points, Kelley Blue Book said. It was the largest quarterly loss of any luxury brand, he said.

“Intensified competition from other automakers now offering EVs, price hikes and a lack of new products as the market is plagued by new EVs may be behind Tesla’s cooling off. “, said the organization. “CEO Elon Musk’s controversial $44 billion acquisition of Twitter and provocative political commentary may also have contributed to Tesla’s downfall.”

Related: Rivian shows ‘improvement’ but Wall Street remains cautious on stock

Amid an erratic week at the helm of Twitter, which included launching and then removing features and leaving other key employees, Musk told Twitter employees he sold Tesla stock to fund the deal. and “saving” the social media company.

Also read: Elon Musk says Twitter bankruptcy ‘not out of the question’ as more top executives leave: reports

Filings related to the first of the sales showed earlier this week that Musk had so far sold around $3.95 billion worth of Tesla stock.

-Claudia Sitting

 

(END) Dow Jones Newswire

11-12-22 0839ET

Copyright (c) 2022 Dow Jones & Company, Inc.

Warren Buffett’s Berkshire Hathaway cuts its stake in US Bancorp

At Warren Buffett’s Berkshire Hathaway (BRK.B (opens in a new tab)$303.20) reduced its stake in long-time holding American bank (USB (opens in a new tab)$44.87) by more than half.

Buffett, who is chairman and chief executive of Berkshire Hathaway, has been reducing his holding company’s exposure to financial stocks — and banking stocks in particular — for years. And while US Bancorp’s position has not been immune to a recent downsizing in the Berkshire Hathaway Stock PortfolioBuffett left it virtually untouched.

That is, until now.

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Berkshire Hathaway has sold 56% of its position in the country’s fifth-largest bank by assets, a new regulatory filing (opens in a new tab) revealed. Buffett’s conglomerate now owns 52.5 million USB shares, or 3.5% of the regional lender’s outstanding shares. That’s down from an 8.1% stake before the sales.

Berkshire Hathaway’s USB stock was worth $2.4 billion at Thursday’s close and now represents just 0.7% of Berkshire Hathaway’s stock portfolio. That’s down from 1.8% before Buffett cut the stake.

Berkshire, the bank’s former largest shareholder, now drops to fourth place behind asset management giants Vanguard, BlackRock and State Street Global Advisors.

Buffett first bought USB in 2006

Without being sentimental or anything, US Bancorp is one of the oldest holdings in Berkshire Hathaway’s portfolio. Warren Buffett first bought shares in the nation’s largest regional lender in the first quarter of 2006. And while he’s always been tight-lipped about USB’s stance, Buffett’s stock in recent quarters hinted that something like this could be on the horizon. .

After all, Buffett cut Berkshire Hathaway’s USB stake by 5%, or 6.6 million shares, in the second quarter of 2022. He also cut the stake in each of the first three quarters of 2021.

Admittedly, Buffett had gradually reduced Berkshire Hathaway’s exposure to USB. But those scissors were in stark contrast to what he’s done with so many other Berkshire bank stocks.

Above all, he took a hatchet from them.

In just a few moves, Berkshire Hathaway dumped what remained of its stake in Wells Fargo (WFC (opens in a new tab)) in the first quarter of 2022, and liquidated positions in JPMorgan Chase (JPM (opens in a new tab)), Goldman Sachs (GS (opens in a new tab)), PNC Financial Services (ANC (opens in a new tab)) and Travelers (TRV (opens in a new tab)) over the past two years.

Certainly, Warren Buffett is not done with the actions of the big banks. Bank of America (BAC (opens in a new tab)) is Berkshire Hathaway’s second holding after Apple (AAPL (opens in a new tab)). The second largest bank in the country by assets represents 10.2% of the total value of Berkshire’s portfolio.

Berkshire Hathaway also owns 55.2 million shares in Citigroup (VS (opens in a new tab)), a position that Warren Buffett initiated in the first quarter of 2022. At 0.8% of the portfolio, Citigroup is one of Berkshire Hathaway’s 15 largest investments.

Other financials stocks in Berkshire Hathaway’s equity portfolio include American Express (AXP (opens in a new tab)), Bank of New York Mellon (BK (opens in a new tab)), MasterCard (MY (opens in a new tab)), Visa (V (opens in a new tab)) and Allied Financial (ALLY (opens in a new tab)), among others.

What it all means

The bottom line is that US Bancorp stock has been a long-time laggard in the market, so perhaps we shouldn’t be too surprised that Warren Buffett has decided it’s time to lighten the position significantly. We’ll learn more about what the world’s biggest long-term investor has been up to when Berkshire Hathaway releases its third quarter buys and sells on Monday, November 14.

For now, all we can say for sure is that Berkshire Hathaway stock has been a market-beating buy this year. Operating profit rose 20% in the third quarter, helping to strengthen BRK.B’s position as one of best stocks to buy for a bear market.

It’s also fair to assume that this isn’t good news for USB stock. If Warren Buffett’s recent history with big bank stocks offers any kind of guide, Berkshire Hathaway may soon be putting even more USB stocks on the market.

The size of the solid sulfur market worth $4.9 billion by 2031

Portland, OR, Nov. 11, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the strong surf market generated $3.4 billion in 2021 and is expected to reach $4.9 billion by 2031, growing at a CAGR of 3.7% from 2022 to 2031. changing market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.

Get Free Sample PDF Brochure @ https://www.alliedmarketresearch.com/request-sample/17862

Report coverage and details:

Report cover Details
Forecast period 2022–2031
Year of reference 2021
Market size in 2021 $3.4 billion
Market size in 2031 $4.9 billion
CAGR 3.7%
Number of pages in the report 299
Segments Covered Application, end user industry and region.
Drivers Increase in standard of living
Growth of the construction sector in both developing and developed countries
Opportunities High demand for solid surfer in the textile industry
Increase in fashion awareness among people
holds back Inhalation of sulfur particles can cause lung cancer and other respiratory disorders.


COVID-19 scenario:

  • The COVID-19 outbreak has negatively impacted the growth of the global solid surfers market, owing to the prevalence of lockdowns in various countries around the world.
  • The shutdowns have resulted in the shutdown of various manufacturing facilities including those in textiles, agrochemicals, metal mining and others. These industries have made extensive use of the solid surfer and hence its reduced demand during the pandemic has negatively impacted the growth of the market.
  • In addition, the shortage of labor and essential raw materials due to severe import and export restrictions during the pandemic further aggravated the impact on the market.
  • These restrictions were imposed by the government in order to curb the spread of the virus during the pandemic. However, the market should recover quickly.

The report offers detailed segmentation of the global Solid Surfers market based on application, end-user industry, and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.

Request customization with detailed analysis of the impact of COVID-19 in the report @ https://www.alliedmarketresearch.com/request-for-customization/17862

Based on applications, the agrochemical segment held the dominant market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The sulfuric acid synthesis segment, on the other hand, is expected to quote the fastest CAGR of 4.1% during the forecast period.

Based on end-use industry, the agriculture segment held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the period of forecast. The chemical segment, on the other hand, is expected to quote the fastest CAGR of 4.0% during the forecast period.

Based on region, the Asia-Pacific market held the dominant market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. Also, the same segment should cite the Fastest CAGR 4.0% over the forecast period. The report also analyzes other regions such as Europe, North America and LAMEA.

Key players analyzed in the Global Solid Surfers Market report are Abu Dhabi National Oil Company, Alfa Aesar, Thermo Fisher Scientific, Inc., Bharat Petroleum Corporation Ltd, ChemPoint, Enersul Limited Partnership, Georgia Gulf Sulfur Corporation, HJ Baker, kuwait petrol corporation. , Merck KGaA, motiva enterprises llc, Repsol, Shell Plc., sinopec shanghai petrochemical co., ltd., TCI America, Valero Energy Corporation.

The report analyzes these key players of the global Solid Surfers market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.

You want to access statistical data and graphs, strategies of the main players: https://www.alliedmarketresearch.com/solid-sulfur-market/purchase-options

About Us

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.


        

FIGS, INC. Management’s discussion and analysis of financial condition and results of operations. (Form 10-Q)

You should read the following discussion and analysis of our financial condition
and results of operations together with our condensed financial statements and
related notes included elsewhere in this Quarterly Report on Form 10-Q, as well
as our audited financial statements and related notes included in our Annual
Report on Form 10-K for the year ended December 31, 2021, filed with the
Securities and Exchange Commission ("SEC") on March 10, 2022 (the "2021 Annual
Report on Form 10-K"). This discussion contains forward-looking statements based
upon current plans, expectations and beliefs involving risks and uncertainties.
Our actual results may differ materially from those anticipated in these
forward-looking statements as a result of various factors, including those set
forth in Part II, Item 1A. "Risk Factors" and other factors set forth in other
parts of this Quarterly Report on Form 10-Q.

Our mission is to celebrate, empower and serve those who serve others.

We are a founder-led, direct-to-consumer healthcare apparel and lifestyle brand
that seeks to celebrate, empower and serve current and future generations of
healthcare professionals. We are committed to helping this growing, global
community of professionals, whom we refer to as Awesome Humans, look, feel and
perform at their best-24/7, 365 days a year. We create technically advanced
apparel and products that feature an unmatched combination of comfort,
durability, function and style, all at an affordable price. In doing so, we have
redefined what scrubs are-giving rise to our tag-line: why wear scrubs, when you
can #wearFIGS?

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Contents

We have revolutionized the large and fragmented healthcare apparel market. We
branded a previously unbranded industry and de-commoditized a previously
commoditized product-elevating scrubs and creating premium products for
healthcare professionals. Most importantly, we built a community and lifestyle
around a profession. As a result, we have become the industry's
category-defining healthcare apparel and lifestyle brand.

We generate revenue by selling technically advanced apparel for the modern
healthcare professional. Our offerings include scrubwear, as well as lifestyle
apparel and other non-scrub offerings, such as lab coats, underscrubs,
outerwear, loungewear, compression socks and footwear. We design all of our
products in-house, leverage third-party suppliers and manufacturers to produce
our raw materials and finished products, and utilize generally shallow initial
buys and data-driven repurchasing decisions to test new products. We directly
and actively manage every step of our product development and production process
to ensure that our extremely high quality standards are met. We also have an
efficient merchandising model-due to the largely non-discretionary,
replenishment-driven nature of scrubwear, we maintain lessened inventory risk
driven by a relatively high volume of repeat purchases and a focus on our core
scrubs offerings. We primarily market and sell our products through our digital
platform, consisting of our website and mobile app, to a rapidly growing
community of loyal customers.

At September 30, 2022, we had approximately 2.2 million active customers. Our
customers come to us through word of mouth referrals, as well as through our
data-driven brand and performance marketing efforts. See the section titled "Key
Operating Metrics and Non-GAAP Financial Measures" for a definition of active
customers.

In the three and nine months ended September 30, 2022we had the following results compared to the same periods in 2021:

•Expanded our community of active customers by 23.6%, from approximately 1.7 million to September 30, 2021 to about 2.2 million to September 30, 2022;

•Net revenues increased from $102.7 million to $128.6 million for the three
months ended September 30, 2022, and from $290.9 million to $360.9 million for
the nine months ended September 30, 2022, representing 25.2% and 24.1%
year-over-year growth, respectively;

•Gross margin decreased 2.1 percentage points from 72.7% to 70.6% for the three
months ended September 30, 2022, and 1.8 percentage points from 72.6% to 70.8%
for the nine months ended September 30, 2022;

•Net income (loss) decreased from $7.0 million to $4.0 million for the three
months ended September 30, 2022, and increased from $(22.2) million to $17.8
million in the nine months ended September 30, 2022;

•Net income (loss) margin decreased 3.7 percentage points from 6.8% to 3.1% for
the three months ended September 30, 2022, and increased 12.5 percentage points
from (7.6)% to 4.9% for the nine months ended September 30, 2022;

•Adjusted EBITDA decreased from $22.2 million to $21.0 million for the three
months ended September 30, 2022, and from $73.3 million to $67.5 million for the
nine months ended September 30, 2022, representing an Adjusted EBITDA Margin of
16.4% and 18.7%, respectively;

• Cash flow from operating activities decreased by $52.5 million at ($39.9) million for the nine months ended September 30, 2022; and

• Free cash flow decreased by $50.5 million at ($44.1) million for the nine months ended September 30, 2022.

See the section titled "Key Operating Metrics and Non-GAAP Financial Measures"
for information regarding Adjusted EBITDA, Adjusted EBITDA Margin and free cash
flow, including reconciliations to the most directly comparable financial
measures prepared in accordance with U.S. generally accepted accounting
principles ("GAAP").

                                       19

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Contents

COVID-19 and macroeconomic update

During the quarter ended September 30, 2022, while the ongoing COVID-19 pandemic
and the global macroeconomic environment have continued to negatively impact
global supply chains and cause challenges to logistics, including elevated ocean
freight transit times and elevated ocean and air freight rates, we began to see
some improvements in ocean freight rates, transit times and reliability, as well
as increased ocean freight capacity, compared to the first half of 2022.

To date, we believe we have generally managed effectively through COVID-19
supply chain challenges, including as a result of the largely non-discretionary,
replenishment-driven nature of scrubwear. As we continued to seek to timely and
cost effectively fulfill orders and ship products to our customers, in the
quarter ended September 30, 2022 we continued to take measures to mitigate the
impact of global supply chain challenges on our business. For example, to meet
our customers' expectations, we continued to ship goods earlier from our
manufacturers and suppliers when possible to largely mitigate delays. We have
also continued to use more expensive air freight, which, along with continued
elevated ocean freight rates, increased our cost of goods sold. We expect we
will continue to contend with elevated ocean and air freight rates and COVID-19
related supply chain challenges, and we intend to continue to use air freight
and incur air freight expense from time to time and until supply chain
challenges further normalize.

In the quarter ended September 30, 2022, we also continued to see sales trends
soften due to adverse macroeconomic factors such as sustained inflationary
pressures on consumer spending, which impacted our customers more than expected
and resulted in sales below our expectations. While we believe our largely
non-discretionary, replenishment-driven business model is resilient in
challenging macroeconomic environments, we are not completely immune to current
macroeconomic pressures, which we expect to affect our results of operations in
the near term.

We also continued to experience higher than expected inventory receipts and
inventory on hand, as a result of unanticipated improvements in ocean transit
times and sales below our expectations, which in turn resulted in increased
costs associated with storing such inventory. As a general matter, our inventory
investments will fluctuate with the needs of our business. For example, entering
new locations and expanding to new categories require additional investments in
inventory. Shifts in inventory levels may result in fluctuations in the
percentage of full price sales, levels of markdowns, merchandise mix, as well as
gross margin. We plan to address our increased inventory by better coordinating
shipments from our manufacturers where possible, accounting for improving
transit days in our launch calendar, managing future inventory purchases and
through promotional strategies. Nevertheless, because more than 85% of our
production utilizes our main scrubwear fabric technology FIONx and a substantial
amount of our revenue is generated by our core scrubwear styles in core colors,
which are in demand year-round, we can hold greater inventory without
significant risk of obsolescence or exposure to seasonality, and are generally
able to time the sourcing of our raw materials and manufacture of our core
scrubwear styles in core colors without being solely dependent on cyclical
demand trends.

We continue to monitor the impacts of current macroeconomic conditions. An
economic slowdown or recession, financial market volatility, changes in the
labor market, geopolitical tensions, continuing supply chain disruptions, a
reduction in consumer spending or an inability for our suppliers, vendors or
other parties with whom we do business to meet their contractual obligations,
could negatively impact our business and results of operations.

Key factors affecting our performance

We believe that our performance and future success depend on a number of factors
that present significant opportunities for us. There have been no material
changes to such factors from those described in our 2021 Annual Report on Form
10-K under the heading "Key Factors Affecting Our Performance." Those factors
also pose risks and challenges, including those discussed in Part II, Item 1A.
"Risk Factors" of this Quarterly Report on Form 10-Q.

Components of our operating results

Net income

Net revenues consist of sales of healthcare apparel, footwear and other products
primarily through our digital platform. We recognize product sales at the time
control is transferred to the customer, which is when the product is shipped to
the customer. Net revenues represent the sale of these items and shipping
revenue, net of estimated returns and discounts. Net revenues are primarily
driven by the growth in the number of active customers, the frequency with which
customers purchase and the average order value ("AOV").

                                       20

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Contents

Cost of Goods Sold

Cost of goods sold consists principally of the cost of purchased merchandise and
includes import duties and other taxes, freight-in, defective merchandise
returned by customers, inventory write-offs and other miscellaneous shrinkage.
Our cost of goods sold has and may continue to fluctuate with the cost of the
raw materials used in our products and freight costs.

Gross profit and gross margin

We define gross profit as net revenues less cost of goods sold. Gross margin is
gross profit expressed as a percentage of net revenues. Our gross margin has
fluctuated historically and may continue to fluctuate from period to period
based on a number of factors, including the timing and mix of the product
offerings we sell as well as our ability to reduce costs, in any given period.

Functionnary costs

Our operating expenses include selling, marketing, and general and administrative expenses.

Sale

Selling expenses represent the costs incurred for fulfillment, selling and
distribution. Fulfillment expenses consist of costs incurred in operating and
staffing a third-party fulfillment center, including costs associated with
inspecting and warehousing inventories and picking, packaging and preparing
customer orders for shipment. Selling and distribution expenses consist
primarily of shipping and other transportation costs incurred in delivering
merchandise to customers and from customers returning merchandise, merchant
processing fees and packaging. We expect fulfillment, selling and distribution
costs to increase in absolute dollars as we increase our net revenues.

Marketing

Marketing expenses consist primarily of online performance marketing costs, such
as retargeting, paid search and product listing advertisements, paid social
media advertisements, search engine optimization, personalized email and mobile
push notifications through our app. Marketing expenses also include our spend on
brand marketing channels, including billboards, podcasts, commercials, photo and
video shoot development, expenses associated with our Ambassador Program and
other forms of online and offline marketing. We expect our marketing expenses to
increase in absolute dollars as we continue to grow our business.

General and administrative

General and administrative expenses consist primarily of employee-related costs,
including salaries, bonuses, benefits, stock-based compensation, other related
costs and other general overhead, including certain third-party consulting and
contractor expenses, certain facilities costs, software expenses, legal expenses
and recruiting fees. We expect our general and administrative expenses to
increase in absolute dollars as we continue to grow our business. We also
anticipate that we will continue to incur significant additional legal,
accounting, insurance, investor relations and other expenses to support our
operations as a public company, including costs associated with our compliance
with the Sarbanes-Oxley Act.

Other Income (Loss), Net

Other income (loss), net consists of interest income or expense associated with
debt financing arrangements, amortization of debt issuance costs and interest
income earned on investments, as well as gain or loss on foreign currency,
primarily driven by payment to vendors for amounts not denominated in U.S.
dollars.

Provision for income taxes

Our provision for income taxes consists of an estimate of federal and state income taxes based on current federal and state tax rates, adjusted for credits, deductions and uncertain tax positions.

Seasonality

Unlike the traditional apparel industry, the healthcare apparel industry is
generally not seasonal in nature. However, we historically have generated a
greater proportion of net revenues, and incurred higher selling and marketing
expenses, during the fourth quarter of the year compared to other quarters, in
part due to our decision to conduct select promotions during the holiday season,
and we expect these trends to continue.

                                       21

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Contents

Operating results

Three months completed September 30, 2022compared to the three months ended September 30, 2021

The following table sets forth information comparing the components of our results of operations for the periods indicated and our results of operations as a percentage of net revenues for the periods presented.

                                                    Three months ended                              Three months ended
                                                       September 30,                                  September 30,
                                                  2022               2021                      2022                        2021
                                                      (in thousands)                        (as a percentage of net revenues)
Net revenues                                  $ 128,589          $ 102,696                            100.0  %                100.0  %
Cost of goods sold                               37,756             27,991                                29.4                    27.3
Gross profit                                     90,833             74,705                                70.6                    72.7
Operating expenses
Selling                                          31,940             19,945                                24.8                    19.4
Marketing                                        20,031             15,779                                15.6                    15.4
General and administrative(1)                    27,652             28,430                                21.5                    27.7
Total operating expenses                         79,623             64,154                                61.9                    62.5
Net income from operations                       11,210             10,551                                 8.7                    10.3
Other income (loss), net                            605               (933)                                0.5                   (0.9)
Net income before provision for income taxes     11,815              9,618                                 9.2                     9.4
Provision for income taxes                        7,771              2,664                                 6.0                     2.6
Net income and comprehensive income           $   4,044          $   6,954                              3.1  %                  6.8  %


(1) Includes stock-based compensation expense of $9.0 million and $7.3 million
for the three months ended September 30, 2022 and 2021, respectively.

Net income

                   Three months ended
                     September 30,            Change
                  2022           2021           %
                     (in thousands)

Net income $128,589 $102,696 25.2%


Net revenues increased by $25.9 million, or 25.2%, for the three months ended
September 30, 2022, compared to the same period last year. The increase in net
revenues was driven primarily by an increase in orders from existing and new
customers and, to a lesser extent, an increase in AOV.

Cost of Goods Sold

                         Three months ended
                           September 30,             Change
                        2022           2021
                           (in thousands)
Cost of goods sold   $ 37,756       $ 27,991           34.9  %
Gross profit           90,833         74,705           21.6  %
Gross margin             70.6  %        72.7  %      (210) bps


Cost of goods sold increased by $9.8 million, or 34.9%, for the three months
ended September 30, 2022, compared to the same period last year. This increase
was primarily driven by an increase in the total number of orders in the third
quarter of 2022 as compared to the same period in 2021.

                                       22

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Contents

Gross profit increased by $16.1 million, or 21.6%, for the three months ended
September 30, 2022, compared to the same period last year, primarily due to the
increase in the total number of orders, compared to the same period in 2021.

Gross margin decreased by 2.1 percentage points for the three months ended
September 30, 2022, compared to the same period last year. The decrease in gross
margin was primarily related to an increase in freight-in driven by increased
utilization of more expensive air freight and elevated ocean freight rates and,
to a lesser extent, a higher mix of promotional sales and product mix shift.

Operating Expenses

                                  Three months ended
                                    September 30,            Change
                                  2022           2021          %
                                    (in thousands)
Operating expenses:
Selling                       $   31,940      $ 19,945       60.1  %
Marketing                         20,031        15,779       26.9  %
General and administrative        27,652        28,430       (2.7) %
Total operating expenses          79,623        64,154       24.1  %


Operating expenses increased by $15.5 million, or 24.1%, for the three months
ended September 30, 2022, compared to the same period last year and, as a
percentage of net revenues, decreased by 0.6 percentage points, primarily driven
by a decrease in general and administrative expenses as described below.

Selling expense increased by $12.0 million, or 60.1%, for the three months ended
September 30, 2022, compared to the same period last year and, as a percentage
of net revenues, increased by 5.4 percentage points. The increase in selling
expense as a percentage of net revenues was primarily driven by higher
fulfillment expenses, including increased storage costs and, to a lesser extent,
higher shipping expense as a result of rate increases.

Marketing expense increased by $4.3 million, or 26.9%, for the three months
ended September 30, 2022, compared to the same period last year and, as a
percentage of net revenues, increased by 0.2 percentage points. The increase in
marketing expense as a percentage of net revenues was primarily due to increased
investment in digital marketing, particularly within our social media channels.
This increase was partially offset by leverage in brand marketing, particularly
asset creation, as compared to the same period last year.

General and administrative expense decreased by $0.8 million, or 2.7%, for the
three months ended September 30, 2022, compared to the same period last year
and, as a percentage of net revenues, decreased by 6.2 percentage points. The
decrease in general and administrative expense as a percentage of net revenues
was primarily due to an update to our accrual methodology for charitable
donations, reimbursements of legal fees, and the absence of payroll tax expense
associated with our follow-on offering in the prior year. This was partially
offset by increased public company costs.

Other Income (Loss), Net

                                 Three months ended
                                   September 30,               Change
                                  2022             2021          %
                                   (in thousands)
Other income (loss), net   $     605             $ (933)      (164.8) %

Other income (loss), net increase for the three months ended September 30, 2022compared to the same period last year, mainly due to an increase in our interest income due to higher interest rates.

                                       23

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  Table of Contents

Provision for Income Taxes

                                   Three months ended
                                      September 30,             Change
                                    2022            2021           %
                                     (in thousands)
Provision for income taxes    $    7,771          $ 2,664       191.7  %


Provision for income taxes increased by $5.1 million, or 191.7% for the three
months ended September 30, 2022, compared to the same period last year,
primarily due to an increase in non-deductible stock-based compensation expense
and shortfall on the tax deductions related to stock-based compensation. The
non-deductible stock-based compensation expense and shortfall on the tax
deductions related to stock-based compensation resulted in an effective tax rate
of 65.8% for the quarter, up from the same period last year.


Nine month period ended September 30, 2022compared to the nine months ended September 30, 2021

The following table sets forth information comparing the components of our results of operations for the periods indicated and our results of operations as a percentage of net revenues for the periods presented.

                                                    Nine months ended                                     Nine months ended
                                                      September 30,                                         September 30,
                                                 2022               2021                            2022                         2021
                                                     (in thousands)                               (as a percentage of net revenues)
Net revenues                                 $ 360,937          $ 290,892                                   100.0  %                100.0  %
Cost of goods sold                             105,325             79,674                                       29.2                    27.4
Gross profit                                   255,612            211,218                                       70.8                    72.6
Operating expenses
Selling                                         80,801             56,282                                       22.4                    19.3
Marketing                                       56,263             42,107                                       15.6                    14.5
General and administrative(1)                   84,142            118,280                                       23.3                    40.7
Total operating expenses                       221,206            216,669                                       61.3                    74.5
Net income (loss) from operations               34,406             (5,451)                                       9.5                   (1.9)
Other income (loss), net                           683             (1,001)                                       0.2                   (0.3)
Net income (loss) before provision for
income taxes                                    35,089             (6,452)                                       9.7                   (2.2)
Provision for income taxes                      17,294             15,700                                        4.8                     5.4
Net income (loss) and comprehensive income
(loss)                                       $  17,795          $ (22,152)                                    4.9  %                 (7.6) %


(1) Includes stock-based compensation expense of $26.3 million and $68.3 million
for the nine months ended September 30, 2022 and 2021, respectively.

Net Revenues

                   Nine months ended
                     September 30,            Change
                  2022           2021           %
                     (in thousands)
Net revenues   $ 360,937      $ 290,892       24.1  %


Net revenues increased by $70.0 million, or 24.1%, for the nine months ended
September 30, 2022, compared to the same period last year. The increase in net
revenues was driven by both strong AOV growth and an increase in orders from
existing customers and new customers.

                                       24

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  Table of Contents

Cost of Goods Sold

                          Nine months ended
                            September 30,             Change
                         2022           2021
                           (in thousands)
Cost of goods sold   $ 105,325       $ 79,674           32.2  %
Gross profit           255,612        211,218           21.0  %
Gross margin              70.8  %        72.6  %      (180) bps


Cost of goods sold increased by $25.7 million, or 32.2%, for the nine months
ended September 30, 2022, compared to the same period last year. This increase
was primarily driven by an increase in the total number of orders in the nine
months ended September 30, 2022 compared to the same period in 2021.

Gross profit increased by $44.4 million, or 21.0%, for the nine months ended
September 30, 2022, compared to the same period last year, primarily due to the
increase in the total number of orders, compared to the same period in 2021.

Gross margin decreased 1.8 percentage points for the nine months ended
September 30, 2022, compared to the same period last year. The decrease in gross
margin was primarily related to an increase in freight-in driven by higher
utilization of more expensive air freight and elevated ocean and air freight
rates.

Operating Expenses

                                  Nine months ended
                                    September 30,           Change
                                 2022           2021           %
                                   (in thousands)
Operating expenses:
Selling                       $  80,801      $ 56,282        43.6  %
Marketing                        56,263        42,107        33.6  %
General and administrative       84,142       118,280       (28.9) %
Total operating expenses        221,206       216,669         2.1  %


Operating expenses increased by $4.5 million, or 2.1%, for the nine months ended
September 30, 2022, compared to the same period last year and, as a percentage
of net revenues, decreased by 13.2 percentage points, primarily driven by a
decrease in general and administrative expenses as described below.

Selling expense increased by $24.5 million, or 43.6%, for the nine months ended
September 30, 2022, compared to the same period last year and, as a percentage
of net revenues, increased by 3.1 percentage points. The increase in selling
expense as a percentage of net revenues was primarily driven by higher
fulfillment expenses, including increased storage costs, and, to a lesser
extent, higher shipping expense as a result of rate increases.

Marketing expense increased by $14.2 million, or 33.6%, for the nine months
ended September 30, 2022, compared to the same period last year and, as a
percentage of net revenues, increased by 1.1 percentage points. The increase in
marketing expense as a percentage of net revenues was primarily due to increased
investment in brand marketing, including increased investments in our Ambassador
Program and offline marketing.

General and administrative expense decreased by $34.1 million, or 28.9%, for the
nine months ended September 30, 2022, compared to the same period last year and,
as a percentage of net revenues, decreased by 17.4 percentage points. The
decrease in general and administrative expense as a percentage of net revenues
was primarily due to a decrease in stock-based compensation expense.

                                       25

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  Table of Contents

Other Income (Loss), Net

                                Nine months ended
                                  September 30,              Change
                                2022            2021           %
                                  (in thousands)
Other income (loss), net   $    683          $ (1,001)      (168.0) %


Other income (loss), net increased for the nine months ended September 30, 2022,
compared to the same period last year, primarily related to an increase in our
interest income driven by higher interest rates as well as a decrease in
interest expense related to our revolving credit commitment fee.

Provision for Income Taxes

                                  Nine months ended
                                    September 30,           Change
                                 2022           2021          %
                                   (in thousands)
Provision for income taxes    $  17,294      $ 15,700       10.2  %


Provision for income taxes increased by $1.6 million, or 10.2% for the nine
months ended September 30, 2022, compared to the same period last year,
primarily due to an increase in non-deductible stock-based compensation expense.
Our effective tax rate was 49.3% for the nine months ended September 30, 2022,
up from the same period last year primarily due to the impact of non-deductible
stock-based compensation.

Key Operating Parameters and Non-GAAP Financial Measures

We report our financial results in accordance with GAAP. In addition to the
measures presented in our financial statements, we use the following key
operational and business metrics to evaluate our business, measure our
performance, develop financial forecasts and make strategic decisions. We
believe the non-GAAP financial measures, Adjusted EBITDA, Adjusted EBITDA Margin
and free cash flow, are useful in evaluating our performance. Our non-GAAP
financial measures should not be considered in isolation from, or as substitutes
for, financial information prepared in accordance with GAAP.

Active customers, net revenue per active customer and average order value

The number of active customers is an important indicator of our growth as it
reflects the reach of our digital platform, our brand awareness and overall
value proposition. We define an active customer as a unique customer account
that has made at least one purchase in the preceding 12-month period. In any
particular period, we determine our number of active customers by counting the
total number of customers who have made at least one purchase in the preceding
12-month period, measured from the last date of such period.

                              As of September 30,
                        2022                        2021
                                (in thousands)
Active customers      2,154                        1,743


We believe the growth in our net revenues per active customer demonstrates our
increased value proposition for our customer base. We define net revenues per
active customer as the sum of total net revenues in the preceding twelve month
period divided by the current period active customers.

                                          As of September 30,
                                            2022              2021
Net revenues per active customer    $      227               $ 219


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Contents

We define average order value ("AOV") as the sum of the total net revenues in a
given period divided by the total orders placed in that period. Total orders are
the summation of all completed individual purchase transactions in a given
period. We believe our relatively high average order value demonstrates the
premium nature of our product. As we expand into and increase our presence in
additional product categories and price points as well as expand
internationally, AOV may fluctuate.

                              Three months ended                 Nine months ended
                                 September 30,                     September 30,
                                2022             2021             2022            2021
Average order value     $      112              $ 102      $     112             $ 102

Adjusted EBITDA and Adjusted EBITDA margin

We calculate Adjusted EBITDA as net income (loss) adjusted to exclude: other
income (loss), net; gain/loss on disposal of assets; provision for income taxes;
depreciation and amortization expense; stock-based compensation expense;
transaction costs; and expenses related to non-ordinary course disputes.
Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net
revenues.

Management believes that excluding certain non-cash items and items that may
vary substantially in frequency and magnitude period-to-period from net income
provides useful supplemental measures that assist in evaluating our ability to
generate earnings, provide consistency and comparability with our past financial
performance and facilitate period-to-period comparisons of our core operating
results as well as the results of our peer companies.

There are several limitations associated with using Adjusted EBITDA and Adjusted EBITDA margin as analytical tools, including:

• other companies may calculate Adjusted EBITDA and Adjusted EBITDA margin differently, which reduces their usefulness as a comparative measure;

• Adjusted EBITDA and Adjusted EBITDA margin do not reflect other income (loss), net;

•Adjusted EBITDA and Adjusted EBITDA margin do not reflect any gain or loss on disposal of assets;

•Adjusted EBITDA and Adjusted EBITDA margin do not reflect our tax provision, which reduces the cash available to us;

•Adjusted EBITDA and Adjusted EBITDA Margin do not reflect recurring, non-cash
expenses of depreciation and amortization of property and equipment and,
although these are non-cash expenses, the assets being depreciated and amortized
may have to be replaced in the future;

•Adjusted EBITDA and Adjusted EBITDA margin do not reflect the impact of stock-based compensation expense;

•Adjusted EBITDA and Adjusted EBITDA margin do not reflect transaction costs; and

•Adjusted EBITDA and Adjusted EBITDA margin do not reflect unusual course litigation expenses.

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Contents

The following table reflects a reconciliation of Adjusted EBITDA to Net income
(loss), the most directly comparable financial measure prepared in accordance
with GAAP and presents Adjusted EBITDA Margin with Net income (loss) margin, the
most directly comparable financial measure prepared in accordance with GAAP:

                                               Three months ended                           Nine months ended
                                                  September 30,                               September 30,
                                             2022               2021                     2022               2021
                                                                (in thousands, except margin)
Net income (loss)                        $   4,044          $   6,954                $  17,795          $ (22,152)
Add (deduct):
Other income (loss), net                      (605)               933                     (683)             1,001
Provision for income taxes                   7,771              2,664                   17,294             15,700
Depreciation and amortization expense(1)       479                365                    1,287              1,021
Stock-based compensation and related
expense(2)                                   9,082              8,683                   26,335             70,415
Transaction costs                                -                800                        -              1,139
Expenses related to non-ordinary course
disputes(3)                                    254              1,791                    5,458              6,207
Adjusted EBITDA                          $  21,025          $  22,190                $  67,486          $  73,331

Net revenues                             $ 128,589          $ 102,696                $ 360,937          $ 290,892
Net income (loss) margin(4)                    3.1  %             6.8  %                   4.9  %            (7.6) %
Adjusted EBITDA Margin                        16.4  %            21.6  %                  18.7  %            25.2  %

(1) Excludes amortization of debt issuance costs included in “Other income (loss), net”.

(2) Includes stock-based compensation expense and social charges related to the stock award activity.

(3) Represents certain legal fees incurred in connection with the litigation
claims described in the section titled "Legal   Proceedings" appearing in this
Quarterly Report on Form 10-Q.

(4) Net profit (loss) margin represents net profit (loss) as a percentage of net revenues.

Free Cash Flow

We calculate free cash flow as net cash provided by operating activities reduced
by capital expenditures, including purchases of property and equipment and
capitalized software development costs. We believe free cash flow is a useful
measure of liquidity and an additional basis for assessing our ability to
generate cash. There are limitations related to the use of free cash flow as an
analytical tool, including: other companies may calculate free cash flow
differently, which reduces its usefulness as a comparative measure; and free
cash flow does reflect our future contractual commitments and it does not
represent the total residual cash flow for a given period.

The following table provides a reconciliation of free cash flow to net cash (used in) provided by operating activities, the most directly comparable financial measure calculated in accordance with GAAP:

                                                          Nine months ended
                                                            September 30,
                                                         2022           2021
                                                           (in thousands)
Net cash (used in) provided by operating activities   $ (39,881)     $ 52,504
Less: capital expenditures                               (4,256)       (2,008)
Free cash flow                                        $ (44,137)     $ 50,496


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Cash and capital resources

As of September 30, 2022 and December 31, 2021, we had $155.6 million and $195.4
million of cash and cash equivalents, respectively. Since inception, we have
financed operations primarily through cash flows from operating activities, the
sale of our capital stock and borrowings under credit facilities.

In December 2020, we entered into a credit agreement with J.P. Morgan Chase
Bank, N.A., providing for a revolving credit facility in an initial amount of up
to $50.0 million (the "2020 Facility"). On September 7, 2021, we terminated the
2020 Facility.

In September 2021, we entered into a credit agreement with Bank of America, N.A.
providing for a revolving credit facility in an amount of up to $100.0 million
(the "2021 Facility"). The 2021 Facility will mature in September 2026. As of
September 30, 2022, we had no outstanding borrowings under the 2021 Facility
(other than $4.4 million of outstanding letters of credit) and available
borrowings of $95.6 million.

See Note 8 to our summary financial statements included elsewhere in this Quarterly Report on Form 10-Q for more information regarding the 2021 facility.

Our cash requirements have primarily been for working capital and capital
expenditures. We believe that existing cash and cash equivalents and available
borrowings under our 2021 Facility, if needed, will be sufficient to support our
working capital and capital expenditure requirements for at least the next 12
months. Our future capital requirements may vary materially from those currently
planned and will depend on many factors, including our rate of revenue growth,
the timing and extent of international expansion efforts and other growth
initiatives, the expansion of our marketing activities and overall economic
conditions. To the extent that current and anticipated future sources of
liquidity are insufficient to fund our future business activities and cash
requirements, we may be required to seek additional equity or debt financing.
The sale of additional equity would result in additional dilution to our
stockholders. The incurrence of additional debt financing would result in debt
service obligations and the instruments governing such debt could provide for
operating and financing covenants that would restrict our operations. There can
be no assurances that we will be able to raise additional capital when needed or
on terms acceptable to us. The inability to raise capital, if needed, would
adversely affect our ability to achieve our business objectives.

Historical cash flows

The following table summarizes our cash flows for the periods presented:

                                                                         Nine months ended
                                                                           September 30,
                                                                     2022                2021
                                                                          (in thousands)
Net cash (used in) provided by operating activities              $  (39,881)         $   52,504
Net cash used in investing activities                                (4,756)             (2,008)
Net cash provided by financing activities                             2,789              75,325
Net (decrease) increase in cash, cash equivalents, and
restricted cash                                                  $  (41,848)         $  125,821


Operating Activities

Cash (used in) provided by operating activities consists primarily of net income
adjusted for certain items including depreciation and amortization, stock-based
compensation expense and the effect of changes in operating assets and
liabilities.

Cash (used in) provided by operating activities decreased by $92.4 million for
the nine months ended September 30, 2022, compared to the same period last year.
The decrease in operating cash flows was primarily due to a net change in
operating assets and liabilities of $92.8 million driven by higher inventory
purchases of $62.4 million, the timing of payments against accrued expenses of
$7.5 million, the timing of cash collections related to accounts receivable of
$6.9 million, and the timing of income tax payments of $6.9 million during the
comparable nine month period in 2021.

Investing activities

Cash flows used in investing activities relate to capital expenditures and other investing activities.

                                       29

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Contents

Cash used in investing activities increased by $2.7 million for the nine months
ended September 30, 2022, compared to the same period last year. The change in
investing cash flows was primarily due to an increase in capital expenditures
and cash used for the purchase of held-to-maturity securities.

Capital expenditures during the nine months ended September 30, 2022 were primarily related to capitalized software development costs, hardware purchases and warehouse machinery purchases.

Capital expenditures during the nine months ended September 30, 2021 were primarily related to purchases of computer equipment, furniture and fixtures, and included capitalized software development costs.

Fundraising activities

Cash flows from financing activities consist primarily of proceeds and payments related to transactions involving our common shares, borrowings and fees associated with our existing line of credit.

Cash provided by financing activities of $2.8 million for the nine months ended
September 30, 2022 was primarily attributable to proceeds from the exercise of stock options and stock purchases by employees.

Cash provided by financing activities of $75.3 million for the nine months ended
September 30, 2021 was attributable to proceeds from our IPO, capital
contributions and proceeds from stock option exercises, partially offset by tax
payments related to net share settlements on restricted stock units and payments
of IPO issuance costs, net of reimbursements.

Contractual obligations and commitments

There have been no material changes in our contractual obligations from those described in our 2021 Annual Report on Form 10-K.

Refer to Note 9 to our condensed financial statements appearing elsewhere in
this Quarterly Report on Form 10-Q for commitments entered into during the nine
months ended September 30, 2022.

Significant Accounting Policies and Estimates

Our condensed financial statements and the related notes thereto included
elsewhere in this Quarterly Report on Form 10-Q are prepared in accordance with
GAAP. The preparation of financial statements requires us to make estimates and
assumptions that affect the reported amounts of assets, liabilities, revenue,
costs and expenses and related disclosures. We base our estimates on historical
experience and on various other assumptions that we believe to be reasonable
under the circumstances. Actual results could differ significantly from our
estimates. To the extent that there are differences between our estimates and
actual results, our future financial statement presentation, financial
condition, results of operations and cash flows will be affected.

Our critical accounting policies are described under the heading "Management's
Discussion and Analysis of Financial Condition and Results of
Operations-Critical Accounting Policies and Estimates" in our 2021 Annual Report
on Form 10-K, and in Note 2 to our condensed financial statements appearing
elsewhere in this Quarterly Report on Form 10-Q.

Recent accounting pronouncements

Refer to Note 2 to our condensed financial statements appearing elsewhere in
this Quarterly Report on Form 10-Q for a discussion of accounting pronouncements
recently adopted and their impact to our financial statements.

© Edgar Online, source Previews

Best Caps for Men: Top Picks | Most Wanted Products

A good cap can benefit you and can also help you look good. They can completely transform the look of an outfit in an instant. There are a plethora of caps available, so you can easily find one that matches your attire. To help you, here is a compiled list of the 8 best caps for men in India. However, baseball caps, despite being made of heavy wool blends, were worn only for sport when they were first introduced in the late 19th century. However, by 2022, the adaptability and style of the cap has become greater than ever. Sweat-wicking nylon caps for running and cycling are one end of the spectrum, while corduroy and logo styles are on the other.

However, considering all the useful points and style statements, here are some of the best men’s caps available.

Congratulations!

You have successfully voted

Boldfit Unisex-Adult

To start on this list of the most stylish caps for men, here is the Boldfit Unisex Mesh Cap. This black cap is made of good quality mesh material and will surely give your outfit a cool and funky look when worn with black denim pants and a t-shirt. Moreover, this cap comes with an adjustable buttoned strap at the back, which surely makes it easier to adjust its size. It also has a good quality embroidered logo on the front which will keep your head comfortable in hot and humid weather.

Puma Metal Cat Forest Night Cap

The Puma men’s cap is one of the most stylish men’s caps available on this list of best men’s caps in India. This basic gray cap is made of 100% cotton with a good quality metal Puma logo as well as premium stitching in the same color which makes this men’s cap even more exclusive. Its 100% cotton fabric makes it comfortable to wear in all seasons. It comes with manually adjusted velcro straps at the back, making it a perfect fit for any shape or size.

Click here to buy some of the best men’s caps at attractive prices.

Generic Unisex Cotton Blend Cap

Next on this list of trendy caps for men is this gorgeous basic black cap from Generic. This unisex cap from Generic is exclusively made for you in a beautiful cotton fabric to keep your summer style game going. Made of high quality fabric which contains 100% cotton and no polyester. Also, if you are a person who likes to train outdoors and want to wear a cap that is both lightweight and durable every day, this is the one for you. This Generic cap comes with a beautiful embroidered NY logo on the front. Plus, this unisex Generic cotton-blend cap is sure to be treasured.

Nike cap in polyester and cotton for men

This black cap from Nike is next on the list. Nike is known for making some of the best accessories for men. However, their accessories are a little more expensive than others, but they ensure that they provide high quality material that will surely last for a long time. However, speaking of this cap from Nikel, this cap comes with a Velcro strap on the back and a Nike brand logo on the front. This black cap will, however, go well with your black printed t-shirt and a pair of raw denim.

Handcuffs Unisex cap

Next is this stylish Menottes Hat Lapel Cap. Handcuffs have created this wonderful gray colored cap keeping in mind some of the most essential features of a men’s cap. The features taken into consideration when making this cap are its quality, size and design. The three departments were brilliantly covered by Handcuffs. It is made from 100% premium cotton, which makes this cap durable and lightweight. Plus, its classic sports structure design makes this cap a step ahead of others. Wearing it will surely give you a funky and stylish look.

Click here for the price.

Vritraz Sports Unisex Adjustable Caps

Wearing this rugged looking blue Vritraz cap will add a unique touch to your outfit. Strong blue colored stitching that blends seamlessly with the black color elevates the classic black rebel logo on this cap from Vritraz. Moreover, these Vritraz baseball caps are second to none as they contain only the finest cotton fabric and adhere to the highest quality standards. This high quality will last a long time and feel great against any personality. However, this cap also comes in a variety of colors, so you can find one that matches your style. However, it is also very comfortable due to its adjustable fittings. Unique, adjustable styles ensure a secure fit on any head size. As a result, this Vritraz cap is suitable for all age groups.

Drunk unisex cotton cap

Moving forward on this list of the best and most stylish black caps for men. This stylish baseball cap from Drunken is simply designed to give your style statement a touch of simplicity and elegance. This beautiful gray and black flat head baseball cap is entirely made of high quality cotton, which makes it very resistant. Talking about its design, the gray-black color branding on the front says “Fuck What People Say”. In addition, this logo is perfectly placed in the center of the cap to make it more attractive.

Unisex Adult Nike L91 Sports Cap

Next on this list is this cap for men. If you’re wondering why you won’t find good Nike caps for men, this cap might solve your problem. This simple white colored cap from Nike is available at an affordable price online. However, this cap is a complete product if you are eager to buy something that will best suit your training or any sports activity. Made of pure cotton and quality mesh, this cap is used by several top athletes during their matches and training sessions.

Best Caps for Men – FAQs

  1. What color goes best with caps?
    The most common color for caps is usually dark colors. As a result, black, white, brown, beige, gray, and navy blue are some of the best cap colors.
  2. Why do men wear their caps backwards?
    Seekers initially wore caps backwards on the baseball field to prevent the brim from interfering with their protective masks. Since then the trend has taken hold and nowadays people wear caps backwards just to look funky and stylish.
  3. What is the best material for a cap?
    Cotton in caps is one of the best materials for caps. Caps are also made of polyester and synthetic, but cotton caps are considered the best.

DISCLAIMER
: The Times of India reporters were not involved in the production of this article. The prices of the products mentioned in the article are likely to evolve with the offers.

Alfa Romeo tops luxury segment in JD Power’s US Sales Satisfaction Index study

AUBURN HILLS, Mich., November 9, 2022 /PRNewswire/ —

  • Alfa Romeo finished first among luxury brands, up nine places and 25 points from 2021 – the biggest improvement in the luxury segment
  • Dodge ranked second among mainstream brands, up nine spots from 2021
  • Jeep®, Ram rank sixth and seventh respectively among mainstream brands. all eligible Stellantis brands scored above the mass market average
  • Chrysler brand ranked 11th among mass-market brands and up 28 points from 2021 – biggest improvement in mass-market segment

Alfa Romeo led the way for luxury brands and all Stellantis brands as the top luxury brand in the JD Power 2022 US Sales Satisfaction Index (SSI) Study.™

The iconic brand saw the biggest jump in the luxury 14-brand segment, compared to last year’s survey, rising 25 points to a score of 833. Alfa’s eight-spot jump Romeo since ninth place is leading the luxury brand category.

“Our product quality and customer service are top priorities for Alfa Romeo, and we are truly proud to see that our efforts have placed the premium brand at the top of the luxury brands in the Sales Satisfaction Index. JD Power,” said Larry Dominique, SVP, Head of Alfa Romeo North America. “We are focused on continuously improving the overall customer experience of owning an Alfa Romeo, and this speaks to our intense focus on improving the dealership component.”

Alfa Romeo’s success was complemented by the performance of other Stellantis brands, as Dodge jumped 20 points and two places from last year to finish second among mainstream brands. Chrysler also improved – the latter’s 28-point rise marking the biggest increase in the mass-market segment.

Jeep® and Ram ranked sixth and seventh respectively among mainstream brands, indicating the first time in the study’s history that all eligible Stellantis brands scored above their segment averages.

The JD Power 2022 US SSI study measures satisfaction with the sales experience among new-vehicle buyers and those who visit a dealership, solely to purchase a vehicle elsewhere. Buyer satisfaction is based on six factors: delivery process, dealership staff, deal development, document completion, dealership facility, and dealership website. Rejector satisfaction is based on five factors: seller, price, facility, stock variety, and negotiation.

SOURCEStellantis

WHP Global signs agreement to bring Joseph Abboud brand to China

NEW YORK, November 9, 2022 /PRNewswire/ — WHP Global (“WHP”), one of the world’s largest and fastest growing global brand management companies, today announced that it has signed a long-term license with China’s leading luxury fashion retail YouXiang (“YX”) to market and distribute the Joseph Abboud brand in China across all distribution channels, including e-commerce, stand-alone retail, in-store, and wholesale/franchise. The launch of the brand in Greater Chinaslated to launch in spring 2023, will feature a full collection of men’s apparel, footwear, bags, luggage and accessories.

“We look forward to partnering with YouXiang as we focus on expanding Joseph Abboud’s reach across international and digital channels,” said Stanley Silverstein, Chief Commercial Officer of WHP Global, owner of the Joseph Abboud brand. “YouXiang has successfully brought some of the most well-known high-end fashion brands to Chinamaking them the perfect partner to help us reach millions of consumers in one of the fastest growing fashion markets in the world.”

“We are thrilled with this partnership as Joseph Abboud is a globally recognized menswear brand with tremendous opportunity in China“said the founder of YouXiang Jack Lee. “We intend to take full advantage of our authority to bring high-end fashion brands into the Greater China market as well as our growing retail presence to build a strong business with WHP Global. »

An iconic American menswear brand founded in 1987, Joseph Abboud offers a modern take on traditional and personalized menswear with timeless designs that suit all men. Joseph Abboud is a top-selling brand at Men’s Wearhouse with a strong bespoke Made in America business operated from the long-standing Joseph Abboud factory in New Bedford, Massachusetts. The brand has seen strong growth across its core collections, including bespoke, special occasion and back-to-office apparel, and has a loyal and growing customer base in the United States and abroad.

Founded in 2008, YouXiang is an exclusive distributor of premium European brands providing complete supply chain, marketing, customer service and logistics in the China market. The company reaches millions of consumers through its own retail channels with high-end stores such as VIA DANTE, UDX and Aquascutum, and as an authorized distributor for brands such as Armani, Michael Kors, Moncler, Theory, TOD’s, Versace and YSL, which together generate more than $750 million in annual sales.

About WHP Global

WHP Global is a leading New York-based company acquiring global consumer brands and investing in high-growth distribution channels, including digital commerce platforms and global expansion. WHP owns JOSEPH ABBOUD®, ANNE KLEIN®, JOE’S JEANS®, WILLIAM RAST®, LOTTO®, TOYS”R”US® and BABIES”R”US®, as well as a controlling interest in the ISAAC MIZRAHI® brand. Together, the brands generate approximately US$4.5 billion in global retail sales. The company also owns PST+a turnkey direct-to-consumer digital e-commerce platform for brands, with full in-house operations including technology, data analytics, logistics, creative and digital marketing and WHP SOLUTIONS, a sourcing agency based at Asia. For more information, please visit www.whp-global.com.

Media Contact:

WHP Global
Jaime Cassavechia
EJ Media Group
(212) 518-4771 x108
[email protected]

SOURCEWHP ​​Global

N Vogue: A Synopsis of Ye’s Fashion Fall | Culture


Ye, officially known as Kanye West, has had a turbulent year so far. He date Julia Fox, market in a Balenciaga fashion show during Paris Fashion Week and lost several relationships with fashion brands.

Ye has a history of mental illness, and his divorce from Kim Kardashian — and Kardasian’s recent relationship with Pete Davidson — appears to have sent Ye into a downward spiral. People feel grief in different ways, but Ye took things in the wrong direction and became a very controversial figure in the world of fashion. I love drama, so of course I had to get in on the action and give a breakdown of all the events leading up to Ye’s ultimate fashion demise that cost Ye fame. $1 billion.

The beginning

It all started during Paris Fashion Week when Ye decided to hold an impromptu Yeezy Season 9 fashion show. He made its debut a t-shirt with the pope on the front and “White Lives Matter” on the back during the show. Ye and Candace Owens wore the t-shirt along with some of the models that walked the runway.

Before the show, Ye gave a speech in which he alluded to his struggles with Difference. The Yeezy Gap contract was to last until 2030. However, Ye’s lawyers accused Gap of not properly distributing Yeezy Gap products in its stores, and Gap did not open the dedicated Yeezy Gap stores in 2021 as reported in their contract. However, it’s still unclear who dumped whom and ended the decade-long partnership.

Nonetheless, the designer and rapper’s ‘White Lives Matter’ t-shirt has angered many on social media, including ‘Vogue’ editor-in-chief Gabriella Karefa-Johnson, who Express his concerns about the t-shirt. Ye clapped back at the criticism with a slew of tweets and Instagram posts blasting Karefa-Johnson and anyone who supported his thoughts on the matter. This further angered other celebrities and social media users such as Hailey Bieber and Gigi Hadid, who then wrote their own posts supporting Karefa-Johnson. While the situation was tense, Ye’s controversial actions had only just begun.

The middle

After the Yeezy fashion show, Ye made a interview with right-wing journalist Tucker Carlson, which aired in early October on Fox News. In the interview, Ye commented on his divorce from Kardashian, his “White Lives Matter” shirt, abortion rights, and Lizzo’s weight, among other topics. As Newsweek points out in its article About the interview, it is unclear where Ye got the stats he mentioned throughout the interview.

Ye’s Fox News interview wasn’t the only time he opened up about his political and social views in the week following his fashion show. He also tweeted anti-semantic comments after Sean “Diddy” Combs tried to intervene during Ye’s reaction on social media to criticism of the “White Lives Matter” shirt.

Ye continued this hateful rhetoric in the resulting multiple interviews, which piqued the interest of anti-semantic extremist groups. That’s when Ye’s social media charade went from funny to a little creepy, and the fashion industry started to take notice. The brands that have partnered with Ye have started to take a step back and evaluate the partnerships they had.

The ultimate end

Instagram and Twitter were fed up with Ye’s anti-semantic behavior and suspended his accounts following his hateful message against Jews on October 8. “Vogue” editor-in-chief Anna Wintour also cut ties with Ye, announced he was no longer part of the publication’s inner circle, and deleted all of Yeezy Season 9. track content from their Vogue Runway app and “Vogue” website. Next, Balenciaga announcement that they want nothing more to do with the rapper and designer, and that they would end all future projects they had planned with him.

Following Balenciaga’s actions, a laundry list other companies have also dropped Ye, such as his finance company, JP Morgan, his talent management company, Creative Artists Agency, and Madame Tussauds, which announced they were removing his wax figure from the London museum.

Finally, after much persuasion and after Ye taunted them in an interview, adidas called Ye as well. They immediately ended the production and distribution of Yeezy products.

After all the brand closures, hoping to rekindle some fashion connections, Ye decided to aim for a collaboration with Skechers and showed up at their Los Angeles office uninvited and unannounced. He was escorted out and Skechers – founded by Robert Greenberg, who is Jewish – made a statement that they would cease all interaction with Ye.

The future

The actions of the rapper and designer cost him a lot of money and fame. However, maybe after a break from social media, Ye can regain some composure and publicly apologize for his actions. I wish the best for Ye, and hope that in the future he finds someone else to manage his social media platforms.

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After Kanye, will Adidas have a golden age?

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Adidas AG confirmed on Tuesday that Bjorn Gulden, the outgoing CEO of rival Puma SE, will succeed Kasper Rorsted as head of the sportswear giant. His first task: fill the €1.8 billion ($1.8 billion) hole left by the end of Adidas’ longtime partnership with disgraced musician Kanye West. That’s what RBC revenue analysts estimate its Yeezy label generated for Adidas in 2021, accounting for 45% of the company’s net profit.

Adidas pointed out that it is the sole owner of all Yeezy designs. This leaves the door open to bring the shoes back in another form. But Yeezy without Ye seems problematic for two reasons.

First, some consumers may see the continuity of styles — even without the Yeezy name — as not going far enough to distance Adidas from its former collaborator. Further negative reactions could put increased financial pressure on the company. On the other hand, those still loyal to Ye may not purchase the revived designs as they are no longer associated with the star.

Gulden, however, has a track record that could help Adidas find a way forward. He has rejuvenated Puma since his arrival in July 2013: sales have more than doubled over the period to reach 6.8 billion euros in 2021. He increased the operating margin to 8.2% last year, against 2 .1% in 2013. Puma shares have outperformed Adidas by around 62% on a total return basis in the nine years since Gulden signed.

Puma, formerly controlled by Gucci owner Kering SA, has remained a fashion-forward sportswear company. Unlike Adidas, it quickly capitalized on Gen Z’s desire for retro 1990s styles, from chunky sneakers to logo sweatpants and shoulder bags. Rihanna launched her Fenty line with Puma in 2016. She also unveiled a three-way collaboration with fashion house Balmain and supermodel actress Cara Delevingne in late 2019. Earlier this year, Puma launched a yoga collection with her respectful of the environment.

While Adidas has made strides in recent years in football and running, it has fallen behind in more fashion-focused areas. The loss of Yeezy only amplifies this failure.

Gulden could help reinvigorate that part of the business, especially in shoes. On the one hand, it could more effectively exploit the Adidas archives. Womenswear is another opportunity for him: it accounts for only about a quarter of sales at Adidas and rival Nike Inc, compared to 50-60% in the traditional footwear and apparel market, according to Redburn analysts. Here, Adidas has a connection with Beyonce’s Ivy Park, which has yet to reach its potential.

That’s not to say that Gulden, a former professional football and handball player, can’t make performance sportswear and apparel either. In fact, he built that side of Puma’s business. He recruited Beyonce’s husband, Jay-Z, as the creative director of Puma’s basketball operations. And he doesn’t come to Adidas as a foreigner: he worked for the company for seven years in the 1990s.

Since Adidas first announced it was in talks with Gulden on Nov. 4, its shares have jumped about a quarter. Reopening hopes in China also helped push the stock higher.

There remains the question of scale. Adidas’ sales are almost three times greater than Puma’s, which makes its recovery more difficult. And changes to Adidas’ product line, especially sneakers, won’t happen overnight.

However, Adidas must learn to live without Ye. Investors hope the new CEO can transform the company as he revitalized Puma.

More from Bloomberg Opinion:

The Adidas-Kanye divorce will be expensive: Andrea Felsted

Liverpool’s sale highlights football’s financial fickleness: Alex Webb

• Red Bull billionaire’s secret recipe for success: Chris Bryant

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

More stories like this are available at bloomberg.com/opinion

Blavity Inc.’s AfroTech Conference Reveals Top List

LOS ANGELES, Nov. 06, 2022 (GLOBE NEWSWIRE) — Blavity Inc.the company behind AfroTech, 21Ninety, Travel Noire, Shadow and Act and Blavity News, today revealed the lineup for the AfroTech Conference – a global gathering of inclusive technology companies and innovators. This year’s event expands to Austin, bringing together more than 300 brands and thousands of black professionalsmany of which shape Equity Initiatives and DEI at America’s Largest Companies including Amazon, vmware, Google, American Express, Selling power, Apple, Difference, dream city,Intuitive and Shopify and more. AfroTech Conference returns in person, November 13-17, 2022, at the Austin Convention Center.

The AfroTech conference will also host key innovators and entrepreneurs from the technology, entertainment and business sectors. This year, the AfroTech conference will also feature its inaugural music experience, with special musical performances by down, bias, MELA, DJ MOMA, Chef Cleopatra, Zaytoven, The Trio of Sauces, and more, including a performance of Wales to Official AfroTech Party.

Highlights include:

  • NASCAR driver Bubba Wallace will speak in partnership with DoorDash discuss strategies to thrive while being the First, being the Only, and being Different in your industry, company or board.
  • Rapper and businessman Chamillionaire will take the stage with Silicon Valley Bank to share his journey from rap star to successful founder and investor. He will discuss his entrepreneurial ventures, investment philosophy, and how he works to make the tech ecosystem more inclusive and accessible to the Black community.
  • Marc CubanGovernor of the Dallas Mavericks professional basketball team National Basketball Associationco-founder of Mark Cuban Cost Plus Drug Company and investor on ABC’s Shark Tank, Haywood L. Perry III and Ansley Carlisle of Mark Cuban Companies will share information about their journeys to entrepreneurship and how they support founders and emerging investors today.
  • Creative director, activist and fashion designer Aurora James will be joined on stage by the CEO and founder of Blavity Morgan DeBaun to discuss how to hold companies accountable.

Web3 companies and startups will have the opportunity to pitch their company and product(s) to be voted on in the final, where they will compete to win a grand prize of $50,000 at the AlphaNoire™ Web3 pitch contest final. disney will host a screening of Black Panther: Wakanda Forever, which will begin with a fireside chat with the star of Black Panther: Wakanda Forever Dominique Thorne (Riri Williams).

“We continue to tackle the diversity divide in Big Tech and AfroTech Conference serves as a destination for those fueling more inclusivity in the industry. As we return in person, our mission remains the same: to further build the Black Silicon Valley helping fast-growing companies effectively hire Black professionals and close the wealth gap,” said Morgan DeBaun, CEO and Founder of Blavity Inc. “We are excited to announce our largest lineup of speakers and diverse brand partners who seek to engage in meaningful discussions about technological disruption and black innovation. I am excited about the insights, funding, and career advancement that will come from this experience and look forward to enhance the celebration with our first-ever music festival from Afro-Latin and Black artists.

More than 100 speakers will attend this year’s AfroTech conference, which will cover hot topics such as: Securing the Bag: Navigating Technology from Cradle to Career; Climbing to the top of the technological ladder for engineers and managers; Web3, Crypto and the Dark Economy: Unlocking Inclusive Access with a New Wave of Commerce; Inclusive product design: what it is and why it matters, and more.

The programming news follows the conference’s recently announced move to Austin, TX to accommodate the thousands of attendees expected to experience the AfroTech conference in person for the first time in two years.

The AfroTech 2022 conference will see the activation of new and existing partners this year, including VISA, Riot Games, Meta, In effect, Selling power, Technology Unit, Intuitive, Expedia Group, Apple, Dell, DoorDash, American Express, Difference, Amazon, and more.

The full agenda for the AfroTech 2022 conference is now online HERE – The program will include panels and Q&A with speakers such as:

  • Marc CubanGovernor of the Dallas Mavericks professional basketball team National Basketball Associationco-founder of Mark Cuban Cost Plus Drug Company and investor on ABC’s Shark Tank
  • Bubba Wallace, driver – NASCAR with DoorDash
  • Anré Williams, Chief Executive Officer of American Express National Bank and President of Business Services Group – American Express
  • Cristina Jones, Engagement Office Manager – Salesforce.org
  • Krista Bourne, COO – Verizon Consumer Group
  • Arlan Hamilton, Founder and Managing Partner – Backstage Capital
  • Benjamin Bronfman, Founder and CEO – Electric Tree
  • Nikki Forman, Amazon DEI Global Communications Manager – Amazon
  • Rob Collier, General Manager – Rally
  • Aurora James, Founder and Director – Fifteen Percent Pledge, Brother Vellies
  • Ruben Harris, President and CEO – Career Karma Inc.
  • Chelsea Roberts, Chief Operating Officer – HBCU Venture Capital
  • Daquan Oliver, Founder and CEO – WeThrive Education
  • Samir Goel, co-founder and co-CEO – Esusu
  • Felecia Hatcher, CEO – Black Ambition
  • Frederick Hutson, President and CEO – Pigeonly
  • Hope Wiseman, Founder and CEO – WISECO
  • Iman Abuzeid, MD, Co-Founder and CEO – Incredible Health
  • Isaac Addae, Ph.D., Chief Strategy Officer – Pivot Technology School
  • Julia Collins, Founder and CEO – Planet FWD
  • Melissa Bradley, Founder – 1863 Ventures
  • Travis Holoway, Co-Founder and CEO – Solo Funds
  • Telva McGruder, Director of Diversity, Equity and Inclusion – General Motors
  • Tanya Van Court, Founder and CEO – Goalsetter
  • Jasmine Crowe-Houston, Founder and CEO – Goodr

To purchase your tickets for the AfroTech 2022 conference, please visit https://experience.afrotech.com/tickets/and to stay up to date with speaker announcements and entertainment, follow @afro.tech on Twitter.

ABOUT BLAVITY INC.

Blavity Inc. is a technology and news media company founded in 2014 around a simple idea: to empower black millennials to tell their own stories. Today, we’re home to the largest network of lifestyle platforms and brands serving Black Millennials and Gen Z through original content, videos and unique experiences. The company has become a leader in the black media market, reaching over 250 million millennials per month through our growing portfolio of brands, including Blavity News, 21Ninety, AfroTech, Travel Noire, Shadow & Act and Blavity TV.

Journalists interested in covering the event can request credentials here. Please note that an application does not guarantee entry.

Contact information:
Metro public relations
[email protected]

Elisabeth Schmidt
Vice President of Marketing and Communications
[email protected]

This content was published via the newswire.com press release distribution service.

Elmet Technologies: ready for new growth

LEWISTON – As the incandescent light bulb began to disappear from our lives in the early 2000s, Philips Elmet’s future was not so bright.

Parent company Philips would phase out production of tungsten filament bulbs in favor of more efficient LED bulbs as consumers begin to make the switch. This, in turn, reduced the importance of the Lisbon Street manufacturing plant to the Dutch-based conglomerate. After 60 years of owning the installation, Philips Lighting wanted out.

Known as Philips Elmet for decades, the Lisbon street manufacturer was at one time the No. 1 supplier of tungsten bulb filaments in the world. Sun Photo Diary

Fortunately for the employees and the factory, the company has always produced non-illuminated products. “We were able to survive as a stand-alone company without making light bulb filaments,” said Marc Lamare, vice president of sales and marketing at Elmet Technologies. “Thus, in the early to mid-2000s, Philips authorized the takeover of the company by the management team of the time, with a major majority investor: Jack Jensen.”

Jensen was Philips’ vice president of sales and marketing for the lighting division and was originally from Maine. At the time he was cited as saying that the company’s lobby was “old, run down, and tired” and reflected the company’s old-fashioned industry. He therefore revamped the hall and the image of the company, emphasizing innovation and technological growth.

BACK TO BASICS

Lamare, who has worked at Elmet for 39 years, said it was time to get back to basics. For Elmet, bases are two metals from the periodic table of chemical elements: tungsten (atomic number 74, symbol W) and molybdenum (atomic number 42, symbol MO). These are the two central elements around which the company bases the majority of its products.

Tungsten is the strongest metal in the world with the highest tensile strength. It is very dense and has the highest melting point of all metals. Molybdenum has similar properties, but to a lesser degree. Elmet Technologies is very familiar with tungsten and molybdenum and is the only fully integrated US manufacturing facility for flat and round tungsten and molybdenum products.

Leo Wainwright, a heavy wire specialist, made tungsten wire last week at Elmet Technologies in Lewiston. Daryn Slover/Sun Diary

This gives them a huge advantage, because there are very few other sources of pure tungsten and molybdenum in this country, especially owned and operated by the United States, and the applications for the metals are huge and growing rapidly.

Elmet has the experience and machinery to take tungsten and molybdenum powder, which is semi-refined, and process it into wire, plate, sheet and foil, cubes and spheres. It does this by rolling it under pressure and heat treating it. The company also manufactures alloys from the metals as customer demand and applications increase.

Lamare said that historically the biggest market for these products was for high-temperature furnaces and it still is today. When one door closes, another opens.

As the demand for tungsten filaments for light bulbs has died out, semiconductors have largely supplanted vacuum tubes, although tubes are still made and used in some applications. Semiconductors are made from tungsten and molybdenum, and with no less than six companies building nine new chip factories in the United States, you can expect strong demand for these materials.

Auburn’s Silia Ndunga works with tungsten wire last week at Elmet Technologies in Lewiston. The thread that Ndunga works with is 1/1000th of an inch thick. Daryn Slover/Sun Diary

Intel is building four factories in the US, Micron is building a massive factory in New York, Samsung is building a factory in Texas, Taiwan Semiconductor Manufacturing Co. is building a factory in Arizona, GlobalFoundries plans to build a factory in upstate New York and Texas Instruments opened a factory in Texas.

Tungsten and molybdenum also have applications in the medical field. Their density makes them effective at blocking X-rays, so they are used in imaging devices and radiation oncology equipment. And their high tensile strength – meaning they don’t stretch easily – make them sought after for the growing application of surgical robotics being pursued by major companies such as Stryker, Medtronic, Intuitive Surgical and Johnson & Johnson. .

OWNERSHIP CHANGES LEAD TO TURBULENT TIMES

Elmet Technologies experienced two other ownership shake-ups, one in 2006 when a sale to a Boston company fell through, and another in 2008 when private equity firm Liberty Lane Partners took over. Liberty Lane Partners has invested heavily in a potential Apple switch to a new type of phone screen called sapphire crystal, which is made in high-temperature furnaces made from tungsten and molybdenum. But when Apple shut down the project at the last minute, Elmet was left with millions of dollars worth of tungsten and molybdenum purchased in anticipation of the change.

Essentially, Liberty Lane Partners handed over control of Elmet to the banks, whose goal was to recover as much money as possible. They marketed it, but the only potential buyers wanted to sell off the assets and close the doors.

“It was a time when the business was very likely to fail and disappear,” said Elmet chief financial officer Derek Fox. The bank was about to be liquidated and the management team was nervous.

“Employees didn’t even know what was really going on behind closed doors,” Lamare said. “We were afraid to show up and find the doors locked by the banks.”

Lamare said the management team at the time knew the company had more potential as a permanent entity and did not want the approximately 150 employees to lose their jobs. They found Peter Anania, chairman and president of the Portland company Anania & Associates Investments Co. Talks began in December 2014 and on January 23, 2015, Anania & Associates was the new majority shareholder and remains so today.

Executives at Elmet Technologies in Lewiston are, from left, chief financial officer Derek Fox, owner of Anania & Associates Peter Anania and vice president of sales and marketing Marc Lamare.

In 2020, Anania & Associates acquired another Lewiston-based manufacturer, Poly Laboratories.

Lead investor Peter Anania likes to say “we don’t flip companies”. Instead, he said, they enjoy helping a business grow, create value and create jobs in Maine.

Over the next seven years, Elmet Technologies did well, according to Lamare. “We’re profitable, we’re growing like crazy.”

Elmet Technologies has 170 employees at its single production facility in Lewiston and aims to grow to 225. The company has 25 vacancies and is willing to train people for them. Starting pay is over $20 an hour with a full benefits package and no college degree required.



Like virtually every business today, hiring enough people remains a dilemma. The CFO fears they may have to turn down millions of dollars in business if they can’t hire enough people. One client actually offered to send workers from one of their facilities to help get the job done.

Elmet’s human resources manager said applicants just need to want to work hard, not physically hard, but work hard. Some basic math skills will also be helpful.

With the right staff, the company’s future looks bright.

“A lot of what we were able to do was build on existing customers and expand their offerings,” Lamare said, noting that Elmet’s online presence draws dozens of inquiries every day from the whole world.

The company supplies engineered products and materials to the military and defense industries and, combined with aerospace, is the fastest growing market for the manufacturer. When an Alabama company selling tungsten closed down a few years ago, Boeing had to find another source and came knocking on Elmet’s door. The aerospace giant remains a customer.

Adam Kobel of Auburn works with a molybdenum plate last week at Elmet Technologies in Lewiston. Daryn Slover/Sun Diary

Lamare said the development of alloys has expanded their offerings and opportunities, as they are cheaper and easier to work with than pure form.

In 2019, U.S. Senator Susan Collins, R-Maine, helped Elmet Technologies secure a $4.2 million contract from the Department of Defense to develop tungsten heavy alloy and molybdenum products for the military.

Elmet also manufactures components for diodes and builds a dedicated proprietary production line for a medical original equipment manufacturer. How they do it is secret and they are held to strict specifications. There are other new apps that are also quiet – things that management said they couldn’t discuss at this time.

Speaking of secrets, Elmet officials said they are working and supporting the “next level” of alternative energy development, but won’t say what or with whom.

“The people at this company have always been customer focused and delivering quality products, working hard, leveraging technology,” Lamare said. “I think that’s been the driving force behind this business for a long, long time, before I even got started. . . and I really think that’s what helped us stay here and succeed.


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Best New Arrivals on Amazon | November 2022

As POPSUGAR editors, we independently curate and write things we love and think you’ll love too. If you purchase a product that we have recommended, we may receive an affiliate commission, which in turn supports our work.

Whether it’s trending fashion, the latest beauty drops, or finds for the home and kitchen, Amazon’s new arrivals section is the place to find the coolest products on the market. It’s a great place to discover some great picks, even before they go viral on TikTok. Amazon is one of our favorite places to buy just about anything, but sorting through all of its offerings can be overwhelming. As your personal shopping expert, we’re here to help you find what’s worth it, and we’ve picked out the best new arrivals on Amazon this month.

Embrace the cozy season with a candle that smells like Christmas in a jar from Snif or a luxuriously soft maxi dress, both of which are featured on this year’s Oprah Favorite Things. Looking to ditch your soda habit for something healthier? Now is your chance to try out the editors’ favorite Olipop. The brand has released a new flavor inspired by apple cider just in time for the holiday season! Boost your wellness regimen with Kourtney Kardashian Barker’s Lemme gummies. We’ve also found plenty of fall fashion choices, like chunky textured sweaters, tailored faux leather pants, a cable knit sweater dress, and even a stylish shoulder bag that’s perfect for a night out. Shop our top picks ahead of time.

Bottega Veneta favors “value over volume” – WWD

Bottega Veneta handbags are made in days, not hours, and some are now guaranteed for life.

Italian luxury brand CEO Bartolomeo “Leo” Rongone unveiled the new service program during WWD’s Apparel and Retail CEO Summit, noting that some of Bottega Veneta’s signature bags can be brought in for free refreshment and repair, and will be replaced free of charge. in some cases.

Called “Certificate of Craft,” the program launches this month. The service also provides courtesy loaner handbags in cases where repairs are lengthy, he said. According to a statement released after the event, the certificate is offered via a physical card associated with the serial number of the bag in question.

“We believe that real luxury is tied to the notion of time,” Rongone said during an onstage conversation with Luisa Zargani, WWD’s Milan office manager.

He asked a colleague in the audience to hoist the brand’s hand-woven Kalimero bag, a bucket style that takes around 55 yards of calfskin and is created without any seams. Rongone noted that the artisan simply changes the pressure of the weaving process to achieve the curved parts.

Bottega Veneta’s Kalimero bag on the Spring 2023 show.

Therefore, “no two bags are the same”, and if a craftsman falls ill before the bag is finished, Bottega Veneta must wait until he returns to work to finish the object, he said. note.

“Use your product longer; keep it forever,” he urged. “We consistently favor value over volume.”

So how will Bottega Veneta, part of French listed luxury group Kering, continue to grow its business as it encourages a more restrained but elevated consumer brand?

Rongone argued that its value proposition was “engaging a wider audience” and its customer base was growing.

“Certainly one of the most genuine links to sustainability is using the product longer, not replacing it. That level has a lot more impact,” he explained. “We all want to be successful in our lives. But do you want to be remembered for being the greatest? Or the most impactful?”

The executive thanked Bottega Veneta’s new creative director, Matthieu Blazy, who was promoted to the top job in November 2021 after Daniel Lee was ousted, for embracing the legacy of “extraordinary craftsmanship” from the brand and challenged the artisans of its leather goods workshop in Montebello to push techniques to new limits.

These include clothes that Blazy called “perversely commonplace”: blue jeans, T-shirts and flannel shirts made of leather treated to look like those made of knitted or woven fabrics. Wearing some of the leather jeans on stage, Rongone praised the “constant caress of nubuck leather” for the enjoyment of the wearer.

He called the brand non-conformist since, unlike most luxury brands, it has no logo.

Additionally, in 2021, Bottega Veneta raised eyebrows and made headlines for withdrawing from Instagram, which has become the dominant channel for many fashion brands.

“We do this to keep creativity at the center. Creativity drives us much more than the media,” he explained.

Instead of social media, Bottega Veneta promotes what Rongone called “cultural affinity platforms.” A recent example was the dinner the Italian brand hosted during New York Fashion Week at popular second-hand bookstore The Strand, along with a limited-edition leather redesign of its signature tote bags.

“In a time of high digital visibility, we wanted to give importance to the physical, to the paper, to a bookstore that probably has more than 100 years of history,” he said.

Despite abstaining on social media, Rongone described a “fantastic” relationship with Gen Z customers.

He described the relationship brands have with customers on Instagram as “one to many…You’re talking to someone.”

If that’s taken out of the equation, people are free to talk about brands. “Gen Z loves these conditions. They love talking about us. They share opinions, ideas and we like to learn,” he enthused.

The executive also insisted that the absence of a logo is a plus in the face of this generation of consumers.

“They want to be themselves. So it may seem strange in reality, but the lack of a logo has been one of the biggest and most important levers of engagement with young people,” he said.

Rongone pointed to several strong historical ties between Bottega Veneta and New York. The wife of one of the founders lived in Manhattan in the late 60s and was hired by Andy Warhol to answer the phone at The Factory “and say, ‘I don’t speak English,'” thus serving as a “filter for the sought-after art superstar.

The Italian brand, founded as a collective of artisans in 1966, opened its very first store on Madison Avenue in New York in 1972, at a time when the brand was gaining fame for its distinctive leather weave and slogan “When your own initials are sufficient.”

“They strongly believed that they were creating a brand that celebrated the uniqueness, the quality of people,” Rongone said. “The founders had this idea in mind to create this extraordinary and luxurious brand, and to celebrate individuality, what we now call diversity.”

Kering in talks to acquire Tom Ford, according to WSJ

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Kering is in advanced talks to acquire Tom Ford, the the wall street journal reported Thursday. The French luxury group, which owns brands such as Gucci, Balenciaga and Saint Laurent, could strike a deal soon, according to the report, which cites unnamed sources.

news that Goldman Sachs was exploring a potential buyer for Tom Ford was first reported this summer. In August, Estée Lauder reportedly explored a deal to buy the American brand for 3 billion dollars, with a particular interest in its beauty activity, of which it already holds the license. In June, Estée Lauder told an investor meeting that she planned to make the Tom Ford Beauty license a billion-dollar business.

Much of Tom Ford’s sales come from its strong licensing business, including beauty, fragrances and eyewear, sources said in August, while men’s and women’s ready-to-wear represent 20% of sales. Annual sales are around $805 million, according to Euromonitor International. Tom Ford did not respond to immediate requests for comment. Kering declined to comment.

Under Kering, Tom Ford, best known for his menswear, would be well placed to expand his womenswear and accessories business. The designer’s involvement would be a selling point for an acquisition, analysts said Business in vogue in August. Mario Ortelli, managing partner at Ortelli & Co, also pointed to the brand’s “material size, elite positioning and phenomenal licensing activity” as areas of interest for potential buyers.

A Kering ownership would be something of a homecoming for Ford, which reinvented the Gucci brand while serving as its creative director from the 1990s to the mid-2000s. Kering, which posted quarterly revenue gains of 14% to 5 .13 billion euros in October, is considering mergers and acquisitions. During the company’s 2021 annual results, François-Henri Pinault, CEO of Kering said that the company is actively exploring acquisition opportunities.

In September, Tom Ford back at New York Fashion Week after backing out of a show in February, citing supply chain issues. The show looked like some kind of send off, Business in vogue‘s Christina Binkley reported at the time. This year he also resigned from his role as president of the CFDA.

Comments, questions or comments? Email us at [email protected].

More on this topic:

What is Tom Ford worth?

With the future in the air, Tom Ford delivers a melancholic start to New York

Thom Browne is the next president of the CFDA, after Tom Ford

What Infosys Earnings Say About the Health of the MSP Market

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Managed service providers are uniquely positioned to shine a light on IT priorities. A recent earnings call from IT services firm Infosys highlighted areas where customers can cut services spending ahead of macro concerns.

While the company made some big deals, there were signs of slowing growth in a few of the industries the company serves, according to Infosys chief financial officer Nilanjan Roy, speaking last month at the call for the company’s second quarter results for the period ending September 30. .

Although Infosys’ customers in the retail segment focused more on digital consumer engagement, supply chain transformation and legacy modernization, there were “a few pockets of downturn” in fashion apparel retail and general merchants, Roy said, according to a SeekingAlpha transcript.

Similar downturns have hit the mortgage segment of the financial services and communications sector. Small verticals within the company, like high tech which covers AI, automation and big data, should also increase caution around discretionary spending. In some cases, this has resulted in delays in closing transactions.

However, some of the industries that Infosys serves do not appear to be encumbered by major macroeconomic trends. In manufacturing, customers have focused technology spending on security, cloud migration and broader transformation initiatives with no signs of slowing down, according to the company.

Overall, Infosys’ quarterly revenue reached $4.56 billion, up 18.8% year-over-year.

Slowing growth has been a theme this earnings season. AWS, Microsoft and Google Cloud experienced slower growth rates this quarter. Amid dampened spending trends, some companies have offered to help by working with customers on lower the costs in order to increase retention.

PSM Health

For managed services this quarter, overall growth is still strong — but slowing, according to Scott Bickley, practice leader focused on vendor management and contract review at Info-Tech Research Group.

Bickley pointed to a few different reasons for this. On the one hand, trading margins increased post-pandemic in 2021 and are now returning to pre-pandemic levels. Staff attrition may also be partly responsible. Some managed service providers have reached attrition levels of up to 70%, which has negatively impacted contractor turnover and quality, according to Bickley.

However, managed service providers are well positioned to fill the voids during the tech talent crisis, but that’s only if they can also find and retain talent.

As macro headwinds mount and skilled IT resources become scarce for the vendor community, IT organizations are looking to outsource more than ever – this is creating a perfect storm resulting in higher prices, less transparency in vendor contracts suppliers and a more challenging overall environment,” Bickley said in an email.

This could bode well for the MSP community, as in tough economic times, companies are looking to outsource their IT needs to provide a more flexible cost and organizational structure, Bickley said.

This year, the IT services market is expected to reach $1.3 trillion thanks to investments in business transformation, cloud migration and managed services, according to Gartner data. In 2021, total spending on IT services reached $1.2 trillion.

Growth is expected to slow further in 2023 to 8.5%, reflecting expectations that businesses will normalize the pace of spending after the pandemic-driven acceleration,” Gunjan Gupta, chief analyst at Gartner, said in an email. .

For MSP, it will be essential to remain agile and prepare for changing cycles.

“All vendors should plan for lengthened sales cycles, slower decision-making and delayed implementation of projects that have already been signed on, especially for more complex, multi-year transformations,” Bickley said.

MySize Inc strengthens its presence in the European fashion industry, thanks to extensive SaaS products

MySize Inc (NASDAQ:MYSZ) said that following its recent acquisition of Spanish company Naiz Fit, it expects to generate high-margin software-as-a-service (SaaS) revenue in Europe and globally through to its expanded portfolio of fashion technologies. offers, including its sizing solutions.

According to Airport City, other Israel-based MySize growth drivers potentially include Naiz Fit’s smart catalog, a new SaaS product expected to launch soon with an installed base of customers, as well as MySize’s FirstLook smart mirror, which should generate recurring monthly leases and subscription revenue.

MySize CEO Ronen Luzon said Europe is leading the fashion world and top European fashion brands are using Naiz Fit’s platform as a personal size concierge.

READ: MySize acquires Spain’s Naiz Fit to become fashion industry’s leading digital measurement provider

“We believe retailers and fashion brands around the world are looking to what is successful in Europe. MySize can now leverage its European headquarters in Spain to better reach and serve a global customer base, creating solid and steady growth. for our high-margin SaaS fashion technology solutions,” Luzon said in a statement.

According to MySize, Naiz Fit customers include Desigual, Moschino, El Ganso, Philosophy, Alberta Ferretti, Silbon, and Boglioli Milano, among others.

The European apparel market – estimated at US$397 billion in 2022 – is larger than the US market, valued at $312 billion. Fashion markets in Italy and Spain are valued at $90 billion and $30 billion, respectively, according to MySize.

Contact the author at [email protected]

Ralph Lauren redesigns the Polo logo for the first time in a new digital collection with Fortnite • TechCrunch

Ralph Lauren, a legendary brand known for its preppy, traditionally East Coast designs, isn’t exactly the first retailer that might come to mind when you think of tech or the Metaverse. Perhaps that’s why the company decided to shake things up and make a foray into the virtual world, yesterday announcing a partnership with one of the most popular video games in the world, Fortnite.

It’s a big step for the brand, which is redesigning its iconic Polo logo for the first time in history to commemorate the new collection, including apparel and accessories. And it comes at an inflection point for the web3 space, which has seen a significant pullback in investment as companies debate whether the vision of a blockchain-based metaverse is sustainable in the long term or was just a trend in the age of the pandemic.

Ralph Lauren’s redesigned Polo logo for his collection featuring Fortnite. Picture credits: Ralph Lauren

However, the game has been a relative bright spot for blockchain companies and tech startups more generally building virtual worlds amid a market downturn, which could explain Ralph Lauren’s enthusiasm to launch the new collection this month.

The collection, which is inspired by the aesthetics of game design, will launch in the Fortnite Item Shop on November 5, with a physical apparel collection available for purchase in the real world on November 2. Other products are expected to launch globally in December.

While Fortnite’s metaverse isn’t actually built on the blockchain, this news marks a symbolically significant milestone in fashion’s continued adoption of web3 and its adoption by a growing customer base that would spend at least $60 billion a year on games. It’s also intriguing, perhaps promising, that the fashion world is expanding beyond what often looks like a tight-knit clique of people who keep and reap the social benefits of fashion for themselves. Brands are realizing that there is a lot of potential in expanding access and growing their customer base through technology.

Lauren is now following in the footsteps of Gucci and Balenciaga paving the way for sewing into the digital realm. In a statement given to TechCrunch, David Lauren, director of brand and innovation at Ralph Lauren, said the latest collection was designed with the metaverse in mind first and represented a “completely new take on the Ralph Lauren brand.

“Ralph Lauren has always crafted dreams and created new worlds, and today our collection with Fortnite will deliver a one-of-a-kind experience to a new community of next-generation gamers and consumers,” said David Lauren, adding that the company looks forward to “continuing to lead digital exploration”.

Ralph Lauren will also host activations for the partnership, including an interactive Twitch livestream on Nov. 3 at 1:00 p.m. EST, which Kelly Link and SypherPK will host, and witness a musical performance by Polo G. He is also expected to be the first brand of luxury to co-host a Fortnite player tournament, another smart marketing strategy to meet customers where they already are.

“Authentically expressing yourself is central to the player experience inside Fortnite,” said Adam Sussman, President of Epic Games. He added that the two companies together “resulted in an inspired campaign and a timeless look that Fornite players everywhere are sure to love.”

“I’m so happy to see Ralph Lauren’s outfits in Fortnite”, player Sommerset, who will also participate in the livestream, TechCrunch said. “Not only do I love their Polo look, but being able to use them in the game that I love is extremely exciting.”

This is the first time that Ralph Lauren has first designed a collection digitally, then created physical garments based on those designs. He also plans to sell physical replicas of the boot from the real-life digital design of the game.

Elsewhere, Ralph Lauren has received praise for its latest collections, including a partnership with historically black colleges and universities (HBCU) and its Spring/Summer 2023 collection, which saw the mark present in California for the first time. What’s next for the brand? We might see a crypto-inspired capsule launch in Miami or a runway collection presented at Disrupt 2023, inspired by startups, and by us, of course.

Alright, I’m kidding. Maybe. After all, the tech world could do with a little sewing.

Net worth and deceased husband

If you are also addicted to reality show as i am, you know Dubai Bling is the latest and greatest Netflix TV binge watch.

The new show dropped on October 27, and people can’t stop talking about it, which is understandable. Dubai Bling follows a group of socialites living their best life in the United Arab Emirates, following with all the glitz, glamor and drama that comes with life in the “City of Gold”. There can never be enough parties, high-level fashion, or petty brawls when you have more money than you know what to do with.

Speaking of the rich and famous, Loujain “LJ” Adada is one of the show’s newest stars, and this fabulous (and very beautiful) woman is estimated to be the second richest person in the bunch. Described by netflix as “outspoken, assertive and not shy to speak her mind”, LJ has worked hard to achieve success since she was just a teenager.

Here’s everything to know about her rise in Dubai, her work and her relationship with her late husband.

LJ is a model.

Born in California, she grew up in her native country, Lebanon. As a student in Beirut, LJ was interested in fashion, photography and travel, for Reality information.

She started her career in the modeling industry quite young, landing her first magazine ad at just 14, according to Reality Infoand she made a name for herself in the entertainment world at the age of about 21, by The movie addict. LJ also entered television around this age, hosting “Energy Spin Magazine”, which was the music program of MTV Lebanon, by Reality info.

When LJ was 25, she left the working world to marry her billionaire husband, Walid Juffaliin 2012.

But, perhaps thanks in part to his new stint in Dubai BlingLooks like LJ is back on her modeling game these days – her Instagram is full of model pics, and it looks like she recently modeled for Ounass.

She was married to a billionaire businessman.

Walid Juffali was born into one of Saudi Arabia’s wealthiest families and his family runs one of the largest conglomerates in the Middle East, worth around $9 billion, according to The Telegraph. He was also chairman of EA Juffali and Brothers, Saudi Arabia’s largest private company, chairman of W Investments (his company), and chairman of Saudi American Banks and Saudi Cement Company.

Walid and LJ tied the knot in 2012 in an estimated $10 million wedding in Venice, Italy, per Arab weddings. He was 60 and she was only 25, and at the time Walid was still married to American supermodel Christina Estrada. Taking a second wife was permitted under Saudi law, says 2008 report law and society study.

Walid was also married to a woman named Basma Al-Sulaiman until 2000 when the couple divorced. Christina also filed for divorce when she found out about Walid’s marriage to LJ.

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Walid was diagnosed with cancer shortly after marrying LJ and died in 2016.

She is mom.

Walid and LJ had two daughters together before his death, Talia and Lana. It’s unclear how old Talia is, but Lana was born in 2016. They both look quite young here:

She actually wrote sweet tribute on the anniversary of Walid’s passing, saying “it’s been almost 6 years without you and my daughters without their father and there won’t be love for anyone like the love I had for you 🙏🏻 your love for life is unforgettable and you passed it on to your daughters ❤️ 🙏🏻.”

LJ said Mary of the Rock that she and her daughters enjoy cooking and dancing together. Ah!

She’s a great yogi.

LJ says also says Mary of the Rock that her ideal “me time” means yoga. “I feel a sense of harmony and connection with the world that pervades my awareness,” she added.

His net worth is quite high.

Yes, it is estimated between 3.8 and 4 million dollars, depending on Arab affairs. The outlet dubs LJ the second richest actor of Dubai Blingand indicated that she inherited the middle finger $$$ when Walid died. The movie addict says she got about $1.1 million from her estate.

But LJ also made a lot of money during her years as a model. And with her 187,000 (and growing) IG followers, let’s be honest…she’s probably making a lot of money from brand deals.

I can’t wait to see what happens with LJ during Dubai Bling!

Luxury leaders must lead rather than follow sustainable fashion

The luxury industry is talking more and more about sustainability. For example, it points to measures to improve conditions for workers, to more closely control the origin of its fabrics and other materials, and advertises initiatives to encourage the recycling of clothing. But in the end there is often a tension because sustainability is based on transparency and the mystery of luxury values.

However, it does not have to be so. According Gachoucha Kretzmarketing professor at HEC Paris business school, the two have more in common than meets the eye. She argues that by building on this connection, the luxury industry can not only survive growing demands for greater sustainability, but thrive. This will, of course, require becoming more transparent than has been the case before in this industry. But she thinks discerning customers will appreciate knowing where the items they buy come from so much that luxury brands may actually charge more for their pieces. There are already signs of this happening. Earlier this month, the FinancialTimes reported that luxury brands, including Chanel and Louis Vuitton, were raising their prices, not just because of inflation, but “to preserve the appeal of their products”. Meanwhile, other fashion players appear to be taking steps to counter the industry’s poor image. Gabriela Hearst, artistic director of Chloe and head of her own eponymous label, was recently cited by the same newspaper saying: “We belong to nature, it does not belong to us”. It also achieved B Corp status – which involves opening the books to external auditors and forcing the company to focus not only on shareholders but also suppliers, employees and other stakeholders – for the company. , which is owned by Richemont of Switzerland.

One of the most common criticisms leveled at the luxury market, especially the fashion industry, is that seasonal cycles cause buyers to acquire too many items. But, Professor Kretz says some companies are already starting to respond to this. Adopting a strategy around “hero products” – items for which a brand is particularly known, such as quilted bags from Chanel or horse bridle-inspired leather goods from Hermès – allows them to avoid having to constantly introduce new lines. Instead, he encourages customers to focus on key, “classic” pieces.

Another approach is to support the reuse of elements. So far, much attention has focused on the ability of clothing manufacturers to use recycled materials. But there is growing interest in repurposing the original items themselves, with online marketplaces – such as Communal changing room — popping up to meet demand. And Professor Kretz says it will be interesting to see how well luxury goods companies drive traffic to these sites.

Yet another approach is to rent property. Celebrities often borrow or rent jewelry to wear to high-profile events. But the idea is spreading. For instance, Decathlonthe French company known for its sporting goods, offers a subscription service.

While she points out that these evolving business models demonstrate how fashion and luxury can still juggle the circle of sustainability, Professor Kretz is not unaware of the challenges that other parts of the fashion industry pose. For instance, Zarawhich is part of the Spanish Inditex group, continues to attract millions of customers to its fast fashion philosophy, while the Chinese company shein took the idea further, using algorithm-based recommendations to encourage more purchases. She also thinks the coming years are going to be tougher for brand extensions, the generally more accessible ranges developed by luxury companies as an entry point for new customers, because of concerns about sustainability without raising prices. The same could also apply to retail brands.

With climate change also blurring seasonal boundaries as brands can no longer rely on selling winter coats, for example, at the end of summer it should be obvious to all business leaders to this sector that producing more goods and selling to more people is not the answer. Not so long ago, companies thought it was enough to have corporate social responsibility departments and claim that their packaging was environmentally friendly. Today’s discerning customers demand something much more holistic, starting with knowing where and how something was made. As a result, successful luxury and fashion companies will make sustainability a key part of their strategic thinking.

5 black women on life in London over the decades

I grew up in Hackney with no immediate friendship group, so I would go to raves with my older sister and her friends or hang out with my younger sister and her friends. I had locs at some point, cut them off and started doing perms at home using a “Just For Me” kit. My ends were frazzled, and to add insult to injury, I dyed them blonde too, which didn’t age well. I have always loved fashion and remember going to Probito just off Oxford Street and buying some Dolce & Gabbana jeans. They had a high waisted skinny fit and everyone had to know they were designer so I wore them with cropped jackets to show off the back pocket logo.

Later, I worked at Harrods as an Yves Saint Laurent brand ambassador. At work, you’re the alien (not intentionally) – people have different upbringings. They don’t understand the smell of your food or other cultural differences, but my food was still well, and I never struggled to recognize and love my darkness.

At 37, I’m married, I’ve found God, and I’m the founder and editor of GRACE Magazine, a digital publication about faith, fashion and lifestyle. I also wrote a book about my story – Seventy: A Work in Progress.

London in the 10s, remembered by Erika Cudjoe

I don’t recommend moving to London in your twenties unless you have family in the city. When I was 20, I held two jobs – one at my college and another at Mecca Bingo. Eventually, college got too exhausting, so I left. I’m so glad my aunt in South London asked me to move in with her and later found me social housing because renting a room was not this.

London was not an easy place to make friends if you weren’t a student. Back then it was just me and my cousin – I really looked up to her. We spent Friday nights in clubs and bars in Shoreditch, Piccadilly Circus and Leicester Square, and sometimes went to student parties, but the atmosphere is so different now. I don’t really like clubbing anymore.

Dating wasn’t hard for us – we were skinny, bellies out, and the boys were staring at us. We had more important things to think about, but we wanted to have fun, you know? Seriously, I just wanted a guy to take care of me. I actually dated a guy for three years – he was cool.

High-end brands are setting up shop in Queenstown

Three well-known high-end brands are setting up shop in the heart of Queenstown’s CBD, which a local lettings agent says is ideal for the downtown retail mix.

Australian footwear and clothing company RMWilliams opens around next month on the corner of Rees and Beach streets.

And, just along Rees St, American brands Calvin Klein, famous for its jeans and underwear, and lifestyle design brand Tommy Hilfiger opened in the former Bank of New Zealand building around February .

The brands, which share a parent company, will each occupy half of the ground floor while Tommy Hilfiger will also occupy the mezzanine.

The building was leased through local Bayleys consultant Chris Campbell, who also negotiated the sale of the property for $17million last year.

RMWilliams, meanwhile, is linked to Perth-based landlord Fiveight, who bought the corner building for $32.5million last year in a deal brokered by local Colliers agents , Mark Simpson and Rory O’Donnell.

Colliers business broker Mary-Jo Hudson believes those behind the three new stores will have gained confidence with DFS Group by committing to a 1,800 square meter CBD store, which opens today in the O’Connells building (see below).

“The good thing is that these retailers come in kind of mid-range and above.

“And in terms of some of the brands that are in DFS, they’re also luxury brands, and other than Louis Vuitton, we’ve never really had those luxury brands.

”So we’re kind of appealing to a much wider market – we’re going a lot higher up the high end, which is good for the downtown business mix. ”

Hudson admits the CBD street works have been “quite strenuous”, but says once they’re done it will be a friendlier area, which will complement new retailers.

[email protected]

Doors ready to open

DFS Group’s new T Galleria by DFS store finally opens in Queenstown today.

The group took possession of two floors of the renovated O’Connells building on Camp St.

In all, there will be more than 120 international and New Zealand brands, including Chloé, Stella McCartney, Kenzo, Tom Ford, Givenchy, La Mer and Gucci Beauty.

To mark today’s grand opening, from 11am local artist Jessica Winchcombe has been commissioned to create a custom abstract work live in store over the weekend.

His piece will be available to bid through a silent auction on the GalaBid app – the link, app.galabid.com/dfsqt, will go live this morning.

All proceeds from the auction will go to the Sustainable Queenstown local impact initiative.

[email protected]

Jenna Lyons Reveals Why She’s Joining ‘Real Housewives of NY’

Jenna Lyons is not your average housewife.

She’s partied at the White House, her clothes have been on the backs of some of the world’s most famous women – and she’s got a whole cult following of women who pair sequined skirts with twinset sweaters.

But five years after stepping down as president of J. Crew, a multimillion-dollar gig that took her around the world and saw her reign as New York’s queen of cool by the end of the 2010s, Lyons just started filming the rebooted “Real Housewives of New York”. (She’s not a housewife either, but that’s never stopped Bravo before.)

Lyon has a legion of fashionable followers who were surprised by the news. In fact, even she admits to being shocked by the casting announcement.

“When they asked me to join them, I said, ‘Are you kidding?’ the 54-year-old told Page Six. “The me of 10 years ago would have been like ‘No way!’ she wouldn’t have believed [I’m doing this].”

“The me of 10 years ago would have been like ‘No way!’ she wouldn’t have believed [I’m doing this]”Lyons said of his shocking decision to join ‘Real Housewives of New York’.
Tamara Beckwith/New York Post

There were audible gasps at BravoCon when Lyon was revealed as one of new cast members by Andy Cohen earlier this month, along with creative director Sai De Silva, model Ubah Hassan, home improvement guru Erin Dana Lichy, influencer Lizzy Savetskyfashion publicist Jessel Taank and brand marketing professional Brynn Whitfield.

The show is getting a makeover of sorts – cleaning house and bringing in a whole new cast for the very first time.

“At J. Crew, every day was the same. I knew what was on my schedule — and not only that, I was in charge of a business and a staff, American-style,” Lyons said of his big change. “Now is the time to try something different and challenging.”

Lyons said of her friend Anna Wintour of Vogue:
Lyons said of her friend Anna Wintour of Vogue, “She’s made it very clear how she feels about this type of show.”
Getty Images for W magazine

So will she knock over a fully loaded table? “Wait and watch!” she joked. “No, but there will be a drama. There are certainly actors whose personalities arrive five minutes before them.

She admitted her old Vogue editor friend Anna Wintour wouldn’t think highly of the reality TV stint. “She’s made it clear how she feels about this type of show,” Lyons said. “But my job isn’t fashion related anymore, although I still love clothes – don’t get me wrong, you should see my closets.”

Lyons dated jewelry executive Courtney Crangi (far left) from 2011 to 2017 after she was married to artist Vincent Mazeau, with whom she had son Beckett (second from left).
Lyons dated jewelry executive Courtney Crangi (far left) from 2011 to 2017 after she was married to artist Vincent Mazeau, with whom she had son Beckett (second from left).
Paul Bruinooge/Patrick McMullan

Lyons practically invented the high-low aesthetic, mixing khakis and sequins, T-shirts and statement necklaces and, as she once wore to a Met Gala, denim jackets and evening skirts in satin. You can still see its influence on a certain race of women: the slightly cropped trousers, the trench coat draped over the shoulders, the pop of fluorescent color. (She now makes gray hair look cool.)

She was Michelle Obama’s go-to fashion inspiration during her years in the White House, and the J. Crew items worn by the First Lady sold out steadily.

But by 2017, J. Crew’s sales were in the doldrums, and after 27 years in the business, Lyons was out.

For the 2012 Met Gala, Lyons paired a hot pink evening skirt with a J. Crew denim jacket.
For the 2012 Met Gala, Lyons paired a hot pink evening skirt with a J. Crew denim jacket.
Penske Media via Getty ImagesImages

The company revealed in its regulatory filing that she would receive her full $1 million salary for one year after leaving the company, plus health care.

A few months after leaving J.Crew, Lyons broke up with girlfriend Courtney Crangi; the two had been together since 2011, when Lyons dated after being married to artist Vincent Mazeau for nine years. (The former couple have a son, Beckett, now 16, who won’t be on RHONY, she said firmly.)

“I had a girlfriend, a huge job and three assistants and they all left,” she told Elle UK in January 2021. “I wasn’t in control of my finances or paying my bills… There may have been collection notices.”

The mix of prints, like the leopard and the medallion, has become a signature.
The mix of prints, like the leopard and the medallion, has become a signature.
Billy Farrell/BFA.com

She sold the stunning Catskills home she split with Crangi, for $850,000 in October 2020, but still lives in a million dollars loft in Soho.

Lyons initially thought her next role might be at a major fashion house.

“I remember when I left I was scared and all my friends and colleagues were like, ‘Don’t worry, the phone is going to ring non-stop’, and it’s not.” she said Page Six in December 2020.

“I thought I would get calls but there was nothing,” Lyons said on Friday.

She's given a fresh twist to old-fashioned classics like this trench coat with the way she wears them.
She’s given a fresh twist to old-fashioned classics like this trench coat with the way she wears them.
D Dipasupil/Getty Images for NYFW: The Shows

“And then all of a sudden I had nothing on the agenda and nobody was calling and nobody was cooking me lunch and nobody was inviting me anywhere and I was like ‘Whoa’,” said she added. “It was as if the bottom had dropped. I really had to come to terms with the fact that I wasn’t invited to anything because I was Jenna Lyons — I was invited to things because I was the president of J. Crew. It’s actually good math and a really healthy thing to go through.

At the time, however, it sent her into a depression. She spent a year leafing through art books sitting on her couch.

“Now I can look back and say…I was really struggling,” Lyons said. “I was just exhausted. I went from having every minute of every day on my calendar packed, so much so that I had a bathroom built next to my office” – so she didn’t have wasting time running from his office to a ladies’ room down the hall.

Lyons joins Sai De Silva (second from left), Brynn Whitfield, Jessel Tank, Erin Dana Lichy and Ubah Hassan (not pictured: Lizzy Savetsky).
Lyons joins Sai De Silva (second from left), Brynn Whitfield, Jessel Tank, Erin Dana Lichy and Ubah Hassan (not pictured: Lizzy Savetsky).
Charles Sykes/Bravo

And while Lyons told The Cut last year, “I still don’t know: am I gay, am I bi? I don’t know if it really matters,” she won’t reveal if they’re dating and said it wouldn’t be a plot on RHONY either: “They’re very respectful of my personal life.”

Yet she goes down in history as New York’s first openly gay housewife.

“I was lucky to come out later in life,” Lyons said. “I only received support.” However, she thinks some viewers might not be ready for her.

She came out after being married to artist Vincent Mazeau for nine years.
She came out after being married to artist Vincent Mazeau for nine years.
Patrick McMullan via Getty Images

“I know some people aren’t going to like me or understand me, but I’m ready for this…everyone has something to say, but I’m going to keep my eyes forward.”

She’s done TV before, of course. There was a guest spot on Lena Dunham’s hit “Girls,” as well as her own HBO show “Stylish with Jenna Lyons,” on which she took the cameras behind the scenes as she launched her business, “LoveSeen Lashes”, now available on Target and on Goop.com. She also has a line of furniture with Roll & Hill.

The day she spoke with Page Six, Lyons said she was still slightly dizzy from a dentist appointment that day. She was born with a genetic condition called pigment inconsistencia, which can cause abnormalities in the skin, teeth and hair. As a child, she said, her teeth were “shaped like cones.”

“I know some people aren’t going to like me or understand me, but I’m ready for this,” Lyons said of RHONY fans.
Tamara Beckwith/New York Post

“I grew up with horrible teeth and horrible teasing. I didn’t smile – ever”, she wrote about Instagram back in August. “Today, after 6 years, 13 surgeries, many pictures of Julianne Moore, I got my new teeth. Sinus lifts-bone grafts-infections-removal-anesthesia-pain. It was crazy…”

“I still have the bottom row to do,” she told Page Six. “My doctor said it would take about 15 more months.”

It’s all part of “reinventing Jenna,” who now finds herself following in the footsteps of RHONY legends like Bethenny Frankel, Jill Zarin and Dorinda Medley.

There were audible gasps at BravoCon when Lyons was revealed as one of the new cast members by Andy Cohen earlier this month.
There were audible gasps at BravoCon when Lyons was revealed as one of the new cast members by Andy Cohen earlier this month.
Charles Sykes/Bravo

“I looked at them, they were part of New York. I once saw Dorinda running past my office while they were filming,” she told the Post. “But it was a very specific Upper East Side New York that they portrayed. This new ‘Real Housewives’ is much more diverse.

So far, Lyons told the ‘Friend of a Friend’ podcast that she’s had a “wonderful” response to the RHONY news, with people “coming out of the woods.” She thought about the decision with her closest friends and family, some of whom may appear on the show, she said.

“My life over the past five years has been full of things I’ve never done before, things that scared me! And that’s pretty remarkable.

And Lyons knows she will forever be associated with that era of J. Crew, like it or not. “I once met Molly Ringwald and told her I was a big fan of ‘The Breakfast Club’ and she rolled her eyes, and I get it,” she told Page Six. “I understand [J. Crew] that’s what people see with me.

Sports-Inspired Clothing Market by 2022: Exciting Size, Business Improvement, Supply and Opportunities 2029 | Adidas, Li Ning, Under Armor


Reading time:3 minutes, 39 seconds

New Jersey (USA) – The Sports Inspired Apparel Market report offers a unique perspective on the global market. Analysts believe that changing consumption patterns will greatly influence the overall market. The research report provides executive summary for a brief overview of the global Sports-Inspired Apparel Market. It explains the various factors that constitute an important part of the market. It includes market definition and scope with a detailed explanation of market drivers, opportunities, restraints, and threats.

Get a sample report with charts and a table:

https://a2zmarketresearch.com/sample-request

“The Sports Inspired Apparel market size was estimated at a reasonable USD Million in 2021 and is projected to reach a healthy USD Million in 2022, and is expected to grow at a steady CAGR to get a significant USD Million by 2029.”

The sports-inspired apparel market player with the greatest technological innovation will gain the largest market share. Top Companies in this report are: Adidas, Li Ning, Under Armour, Nike, Puma, New Balance, Kswiss, Mizuno, Asics, Ecco, China Dongxiang, Skecher, Xtep, Peak, Anta, 361°

Sports Inspired Apparel Market Overview:

The Sports Inspired Apparel industry report provides a comprehensive analysis of the Sports Inspired Apparel market including its definition, size, growth and key segments. The report analyzes the sports-inspired apparel industry landscape, including key drivers and restraints. The report also examines the opportunities available in the Sports Inspired Apparel market including new product developments, market expansions, and market growth during the forecast period. Some of the current text comes from the previous paragraph, and the body of the current text continues; the report has been prepared based on the current data of the Sports-Inspired Apparel market.

Segmentation

The market is driven by the need for advanced technological applications of sports-inspired apparel in various fields. The main reason for the growth of the sports-inspired clothing market is the increasing use of sports-inspired clothing in various applications.

Type

amateur athletics
Professional sports shoes

Application

Retail stores
Online channels

The sports inspired apparel market has been studied across the Americas, Asia-Pacific, Europe, Middle East, and Africa based on region. The Americas are further explored in the Sports-Inspired Apparel report in Argentina, Brazil, Canada, Mexico, and the United States. The United States is further explored in the Sports-Inspired Apparel report in California, Florida, Illinois, New York, Ohio, Pennsylvania and Texas. Asia-Pacific is further analyzed in the Sports-Inspired Apparel report in Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand. Finally, Europe, the Middle East and Africa are studied in more detail. Report on sports-inspired clothing in France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates and United Kingdom.

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Report on the cumulative impact of COVID-19 on sports-inspired clothing:

Our ongoing research into reports of sports-inspired apparel amplifies our research framework to ensure inclusion of underlying issues related to COVID-19 and potential pathways forward. Additionally, the updated study provides insights, analysis, estimates, and forecasts, considering the impact of COVID-19 on the Sports-Inspired Apparel market.

The Porter Matrix evaluates and ranks sports-inspired apparel vendors in the market based on business strategy (industry coverage, business growth, financial viability, and channel support) and apparel product satisfaction sports-inspired (ease of use, product features, value for money, and customer support) that helps businesses make better decisions and better understand the competitive landscape.

Sports Inspired Clothing Market Share Analysis: Knowing the Sports-Inspired Apparel market share gives an idea of ​​the size and competitiveness of the vendors for the reference year. It reveals the characteristics of the sports-inspired apparel market in terms of accumulation, dominance, fragmentation and fusion.

The report answers questions such as:

  1. What is the Sports-Inspired Clothing market size and global market forecast?
  2. What are the inhibiting factors and impact of COVID-19 on the global sports-inspired apparel market during the forecast period?
  3. Which products/segments/applications/areas to invest in during the forecast period in the Global Sports Inspired Apparel Market?

4. Which modes and strategic moves are suitable for entering the global sports inspired apparel market?

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‘It won’t tell you anything useful’: How Palace turned product descriptions into art | Fashion

Palace, the London skate label founded in 2009, is widely known for two things: the prominent triangular logo – or “tri-ferg” – that features on its t-shirts, and its collaborations. Over the past few years, they’ve worked with everyone from Stella Artois, Harrods and Ralph Lauren to Cîroc, Umbro and, most recently, Gucci. But, for superfans, there’s something else: product descriptions.

We all glance at these short texts every time we shop online. These are the words that tell us about the shape of a sweater, how a boot closes, what shoes to wear with a midi dress. But a Palace product description is different. It won’t tell you anything useful, and the text is rarely about clothes. Instead, it’s random, conscious thoughts, with jokes, commentary on the news cycle, stoned humor and life advice, all in all caps. To take an example, a product description for a red long-sleeved T-shirt reads:

Another, for the blue hoodie, reads:

A page from the book, with a product description for a Ralph Lauren shirt. Photography: Phaidon

It’s not, like most brands, the work of a team of e-commerce copywriters. They are written by Lev Tanju, co-founder of Palace. Do most Palace fans know that? “I think they think I’m smarter than that,” Tanju said. “There are always tweets like ‘who the fuck writes this? They are amazing.’ Nobody knows that this is the person who owns the company.

Tanju’s product descriptions will soon be common knowledge. A book, Palace Product Descriptions: The Selected Archive by Lev Tanju will be published by art publishers Phaidon this week, collecting more than 3,000 product descriptions in a distinguished-looking tome, with thematic chapters (“news and current affairs”) , “romance”, “tag”), an index (N for Nando’s, R for Rizla) and an introduction by scholar and poet Sam Buchan-Watts. This is of course part of the gag. “It’s so dumb, the content, so I wanted it to have a legit publisher because it would make it funnier,” Tanju says.

Palace Product Descriptions: The Selected Archives by Lev Tanju.
Palace Product Descriptions: The Selected Archives by Lev Tanju. Photography: Phaidon

A somewhat masculine humor – one that puts the world right around a pub table with beer coasters and pint ales – is at the heart of Palace. Product descriptions have been like this since the beginning of the brand, when a friend of Tanju’s suggested it. But, as the brand has grown, so has Tanju’s workload. Now, he’ll often write them all at once before a new collection drops on the site on a Friday morning, and it’s partly that pattern that prompted the book. “I was like, ‘you know what, I should put my name on [this], it’s something to be proud of,” he says. “There were a lot of late Thursday nights where I could just relax.”

A page from the book, with a product description for a Moschino shirt.
A page from the book, with a product description for a Moschino shirt. Photography: Phaidon

The product descriptions included in the book relate to the immediate surroundings of Tanju. “[Looking through it], I would remember the flight I was on when I watched the movie I was talking about or the cold knives and forks on the plane or whatever,” he says. “It’s quite funny.” The turmoil of the past decade, including Brexit and Covid, is also covered. Would Tanju accept something like Liz Truss’ recent resignation? “Yeah, but I wouldn’t go straight into politics. I could write something about ‘oh, maybe I should quit’. I really like hot topics, so when you read them, you know what’s going on.

A lot has happened since Palace launched in 2009. Tanju, a former skater – they are still the board sponsor for 13 professional skaters – started the brand as a way to support and sponsor skate teams. He is now at the stage where he has the power to collaborate with a mega-brand like Gucci and put the double G logo on everything from a skateboard to a football shirt covered in a strawberry print.

Tanju says the Italian brand was a revelation because it put creativity first. “It’s the opposite of how most brands operate, starting with margins and pricing. You can craft a motorcycle if you wish. (He did – the Palace Gucci Moto Guzzi could be yours for £42,500).

An image of the Palace Gucci collaboration.
An image of the Palace Gucci collaboration.

Tanju says some people are now going to the palace site just to read the descriptions, not buying anything. He describes it as “cool”, in part because it shows the absurdity of this format. “There are all these jokes people write on websites about products that nobody cares about,” he says. “At the end of the day, it’s a sweater, you know, so why does this information even exist?”

Does he have a favorite product description he wrote? “’Squid yes. No octopus.’ [for a T-shirt in 2019]. I always put them in the same boat. Then I was in Spain one day and I was like ‘fuck man, octopus is horrible and squid is nice’. Plus, octopuses are smart.

This article was last modified on October 27, 2022. The vodka brand that partnered with Palace was Cîroc, not Absolut as an earlier version stated.

Descriptions of Palace products: the selected archives by Lev Tanju is published by Phaidon, £34.95

Raffles makes its North American debut in Boston

International hospitality brand Raffles Hotels & Resorts makes its North American debut.

Known for its iconic Raffles hotel in Singapore, first opened in 1887 and still serving as a waypoint for cosmopolitan jet-setters today, the brand has since opened a string of other luxury properties across the country. Asia and Europe.

Now, Raffles will bypass the major metropolises and luxury hotel scenes of Los Angeles, New York, Chicago and Miami to instead open its first North American location in Boston, the land of pilgrims and birthplace of Dunkin’ Donuts.

The new mixed-use building, developed by hoteliers Gary Saunders of Saunders Hotel Group and developer Jordan Warshaw of Noannet Group, occupies a prime location at 430 Stuart Street, within walking distance of Copley Square, the Public Gardens, the South End and from Back Gare de la Baie. Stonehill Taylor designed the hotel rooms, Rockwell Group designed the residences and several building amenities such as the spa and fitness center, Paolo Ferrari designed a bar area, and the architectural team (yes, that’s the name of the company) led the building, well, overall architecture.

The newly developed mixed-use building will include hotel rooms as well as condos.
Binian Studios
Stonehill Taylor designed the hotel rooms, Rockwell Group designed the residences
Stonehill Taylor designed the hotel rooms, Rockwell Group designed the residences.
Binyam Studios
The hotel is expected to open next May.
The hotel is expected to open next May.
Stonehill Taylor

“[We] bidding on the site in 2011 with the idea of ​​putting some stories on the site and doing a mid-priced hotel,” Warshaw said. But after four years of zoning and permitting, the courtship of various hotel brands had begun.

“All the high-end brands are interested…but we really fell in love with Raffles as the perfect partner for the site,” he said.

“Some luxury brands looked at our plans and said things like, ‘You need to change that, or we need to have a chandelier ten feet inside the door,’” Warshaw said. “But Raffles told us that their brand standards must have an incredible level of service, architecture, design and atmosphere, and that each hotel reflects its neighborhood.”

“It was going out on a branch one way, because the [larger international] brands are better known in the US and may have more European locations than people know,” Warshaw said. “Raffles is very well known to international travelers but not as well known to less international travellers.”

Raffles Boston is the most expensive real estate development per square foot in the city's history.
Raffles Boston is the most expensive real estate development per square foot in the city’s history.
Rockwell Group
The 35-story glass skyscraper will have 145 hotel keys and 112 residential units.
The 35-story glass skyscraper will have 145 hotel keys and 112 residential units.
Binyam Studios
Seventy-five percent of the units have already been sold.
Seventy-five percent of the units have already been sold.
Rockwell Group

After a year of construction delays related to Covid and the supply chain, the Raffles Boston is set to open in May 2023. And with seven months to go, a 35-story glass skyscraper, which contains 145 hotel keys as well as 112 residential units, is already breaking records.

With an average selling price of $3.8 million, the Raffles Boston is the most expensive real estate per square foot in Boston history and, according to Sue Hawkes, managing director of exclusive residences marketing agent The Collaborative Companies, inventory is already 75% sold out.

“There have been one-off high sales in the city that are exemplary, but to have a building this close to selling at this volume and price is quite extraordinary,” Hawkes said.

And despite Raffles’ international connotation, Hawkes shared that no buyer is international. Almost all of them, in fact, hail from the greater Boston area.

“Historically, Boston has never been a mass international shopping location like Miami, New York or San Francisco,” Hawkes said. “It’s very provincial. These [buyers] are all local.

Amenities include 24-hour concierge, 24-hour valet parking, butler services, sommelier wine selection services, nutritionist and wellness consultations, housekeeping, privileged access at the hotel spa, and much more.
Amenities include 24-hour concierge, 24-hour valet parking, butler services, sommelier wine selection services, nutritionist and wellness consultations, housekeeping, privileged access at the hotel spa, and much more.
Rockwell Group
The hotel will also become one of the best wedding venues in the city.
The hotel will also become one of the best wedding venues in the city.
Rockwell Group

Hawkes believes the building’s success with sales “wasn’t just about the finishes and the kitchen”, but had more to do with the “intangible but significant” amenities: dedicated 24-hour concierge, doorman and 24-hour security. – hourly valet parking, butler services, wine selection services by a sommelier, nutritionist and wellness consultations, housekeeping, privileged access to the hotel spa, etc. Residents will also benefit from a Pied-à-Tier reciprocal use program, through which nights in an owner’s unit can be exchanged for nights in select Raffles, Fairmont and other Accor hotels and residences in the world.

The arrival of Raffles Boston also marks a new chapter in the city’s special events and wedding landscape. Located on the 19th floor and accessible from the Sky Lobby, the hotel’s event spaces will offer panoramic views of the Boston area, from the financial district to Cambridge. In addition to a 3,000 square foot ballroom, five additional meeting rooms, including a boardroom and smaller breakout rooms, will provide residents and hotel guests with a range of options internal for entertainment and business events. There will be a total of six food and drink venues throughout the building, including a ground floor patisserie, a rooftop terrace and three separate restaurants.

In all the premises, the promoters have however taken care to favor smaller and bookable common areas.

“If you think of a Back Bay townhouse, you don’t walk into these cavernous rooms,” Warshaw said. “Each floor can have four smaller rooms, a few different living areas, dining areas. We have divided this building into a lot of intimate spaces as opposed to large common spaces. We have captured the spirit of a Back Bay brownstone in a 400 foot glass tower.

That spirit is what Warshaw and his partners hope to make Raffles Boston an instant classic.

“Bostonians don’t like buildings that could be easily dumped in Chicago, LA or Dubai,” Warshaw said. “So we really sympathized with Raffles because they encouraged us to do something very Bostonian.”

While Boston has a reputation for being a bit salty and perhaps a bit mired in its own history (there’s something about the illegality of Happy Hours that still seems vaguely puritanical), the city is also part of a select group of international destinations that have two Four Seasons, two Ritz-Carltons and, soon, a Raffles, an honor not even New York can claim.

Main ESG risks in fashion and why it matters – WWD

Fashion has practically understood ESG disclosures – reporting them in a multi-page company sustainability reports — but still needs to understand the latest ESG risks.

If viewed in isolation, corporate self-disclosures can falter in comparison to valuable public data collected from many stakeholders, according to environmental, social and governance risk intelligence firms. ESG risk (including everything from greenwashing to privacy breaches) is grounded in credit risk management, but today’s corporate disclosures may be more for looks and a rebrand of corporate social responsibility, say some experts.

A growing number of companies, including RepRisk, FactSet, Moody’s ESG Solutions, Net Purpose, Preqin and Sentifi, are moving into the ESG risk data territory. Meanwhile, social media listening platforms (first used to weeding out internet trolls) are now at full throttle in the real-time ESG risk intelligence space, quietly working with the biggest brands. luxury. (An example being the British company Crisp).

ESG risk intelligence is only advancing in light of ongoing fashion setbacks, including forced labor in the cotton fieldswage theft and other pressing concerns.

The great risks of fashion

Fashion is not for the faint hearted when it comes to ESG risk.

RepRisk is an ESG data provider sifting through real-time ESG risks from a variety of locations, analyzing 100,000 internet sources including media, non-governmental organizations, social platforms, governments and regulators in 23 languages . But the company doesn’t even look at company-provided disclosures and dismisses corporate sustainability reports as a risk in its own right, verifying information through artificial intelligence and machine learning.

“We have been doing this kind of work for over 16 years. Access information at the local level and in the languages [data sources in different languages] is essential for the early warning signals that we can provide to clients,” Alexandra Cichon, executive vice president of RepRisk, told WWD.

In Cichon’s words, RepRisk aims to “be a mirror of the business”, providing its clients with insights from external stakeholders, 70% of which are from the financial services industry. Over its decade in business, RepRisk has provided information to BlackRock, JP Morgan and other financial institutions.

Companies try to meet the wishes, desires and expectations of consumers. ESG data from RepRisks maps risk factors against globally accepted frameworks, including the standards of the United Nations Global Compact and the Accounting Standards Board for Sustainability. RepRisk has assessed the risks on companies like Boohoo, for example, four years before material losses occurred and can identify ESG-related reputational risks for today’s top performers. For Shein, this may include a current “average” risk exposure score of 46 (out of a score of 0-100, 100 being the highest risk) covering fears of privacy, misleading communication and issues labor, according to an October report provided to WWD. .

Overall, RepRisk determined that one in five ESG failures is attributed to “greenwashing” – a recurring trending event.

“Greenwashing is one of the most important topics in ESG today,” Cichon continued. “It’s not a topic that exclusively affects the fashion industry or the fast fashion industry,” she clarified, adding that transparency is an important topic that is growing alongside increased awareness. consumers and regulators.

However, some fashion categories may be more prone to certain risks.

Based on a two-year sample of risky incidents for 15 fashion companies across the fast fashion and luxury categories, RepRisk has identified a number of fundamental ESG risks spanning the entire value chain . Animal abuse and social discrimination were only seen in the luxury categories. Meanwhile, fast fashion has seen a higher number of greenwashing, forced labor and negative community impact.

“For fast fashion, poor employment conditions still seem to be the top ESG issue,” Cichon said. “There was a noticeable increase in these conditions at the start of the pandemic in 2020, which overlapped with health and safety concerns. For luxury fashion brands, [it’s] animal abuse and social discrimination – or allegations of racism.

These data platforms provide fashion companies with the information needed to identify and manage risks before they materialize.

Is ESG more or less the same?

The U.S. Securities and Exchange Commission is seeking to draft frameworks for more consistent climate reporting, but critics have expressed concern.

A July report from major accounting firms found that the ESG disclosures provided by companies were insufficient because companies “disclosed selectively”. The report argues that without professional help, ESG data is subject to greater variability and less scrutiny.

What makes ESG management different this time around? Opinion leaders have weighed in on the changes underway.

“Unlike CSR, which is often philanthropic in nature, ESG reductions [to] at the heart of companies’ business models,” said Lauren Densham, head of impact and ESG at alternative asset management firm Energize Ventures. “It all depends on how you create value by managing the environmental, social and governance factors that are important to your business and its key stakeholders. This is a significant and fundamental change from the status quo, especially in certain industries like apparel, where industry-wide collaboration will be essential.

Elisa Niemtzow, vice president, consumer sectors and membership at Business for Social Responsibility, said that while it is possible to see ESG as a new brand of CSR, the long-term evolution that the ‘ESG means is a move beyond a risk-based approach to an “opportunity and impact-driven focus” that engages business leadership to find solutions across all business functions. business.” For example, when a business reduces waste related to product returns or unsold inventory, it is not about managing disposal risks or maximizing product recycling , but to leverage multiple functions to address the root causes of oversupply – like sending inflated quantities to every door, or inaccurate forecasts, or overinvesting in non-modular products that cannot be modified to more easily meet needs of are consumers.

“The reality is that greenwashing can manifest in many ways, so the key is to question the data, ask for supporting documentation, and do your own analysis,” said Alix Lebec, Founder and CEO of Lebec Consulting, who believes in the need for unified sustainability reporting and disclosures.

How SAP Helped a Major Apparel Manufacturer Stay Trendy with Global Customers

If there’s one universal truth, it’s that fashion is capricious.

In the apparel industry, what is fashionable one day may be out of style the next. So, if you’re a apparel manufacturer, you need the most efficient, responsive, and innovative operation possible. This way you can keep up with ever-changing demand and stay on trend with your retail customers – like Crystal International Group, Ltd. (Crystal) accomplished with great success.

Founded in Hong Kong in 1970 by Kenneth and Yvonne Lo, Crystal has grown from a small workshop with a few sewing machines and knitting looms for the production of sweaters to a world leader in clothing. Today, the company has 20 self-contained manufacturing plants in five countries, with approximately 70,000 employees. Each year, Crystal ships over 450 million garments — and we’re not just talking sweaters.

The company manufactures lifestyle clothing; Jeans; intimate; outerwear; sportswear for the biggest brands, such as adidas, Nikeand PUMA; and, yes, jerseys for international brands, including UNIQLO, Differenceand H&M more L Brandswho operates Victoria’s Secret.

The company is more than a leading manufacturer. He is also a social and environmental leader. In fact, Crystal was ranked 17e out of 50 in Fortune magazine”change the world” listing.

The purpose of enhancing the outfit

Efficiency, responsiveness, innovation – as well as quality – are at the heart of Crystal’s concerns. And that applies to all aspects of the operation, including manufacturing and business processes.

In terms of manufacturing, the company is always looking to strengthen its ability to meet customer requirements. What will it take to meet the product specifications? Are there better ways to source and use raw materials? How can manufacturing processes and workflows in general be accelerated and streamlined? At the same time, the company wishes to continue to develop solutions to reduce discharges that may impact the environment.

On the business side, efficient processes contribute to Crystal’s order fulfillment, order-to-cash cycle, and other factors that can affect its bottom line and customer satisfaction.

The wires are out of place

Until recently, manufacturing facilities were “stand-alone” without a significant exchange of information between the facilities and the head office. Manufacturing was not fully integrated with the company group’s enterprise resource planning (ERP) solution. For example, disparate ERP solutions were used to meet local requirements in China, often creating duplication. As a result, it was difficult to get real-time operational information to help make better decisions about production improvements, scheduling, inventory, deliveries, etc.

On the manufacturing and business side, employees faced many labor-intensive manual processes that slowed down work. In business, there were time-consuming checks and balances, such as bank reconciliations. Management lacked visibility at period end — to name a few challenges.

The latest digital products

Working with platinum partner SAP DynaSys Solutions Ltd., Crystal implemented an end-to-end intelligent enterprise solution to improve its operation. The solution relies SAP S/4HANA for fashion and verticals, in addition to SAP SuccessFactors, SAP Intelligent Robotic Process Automation, SAP Business Technology Platform, SAP Manufacturing Execution and SAP Manufacturing Integration and Intelligence.

So what have these SAP tools added to the Crystal wardrobe or business? Plenty. The company has benefited from the ability to gather real-time information from its facilities for better understanding. Other benefits include improved end-to-end engagement with employees, such as alignment of employee databases and improved governance.

Integration is the new black

A host of labor-intensive processes spanning ERP, finance, and HR are now accelerated and streamlined through automation. Shop floor operations are integrated with SAP ERP in real time. Vendor invoicing is integrated with SAP payment processes. Data objects required from SAP and non-SAP systems are integrated, creating a central clearinghouse repository.

Karl Ting, IS Managing Director, Enterprise Information Services, Crystal International Group

International Crystal Group

The company is more efficient and responsive, with more time to innovate. “As a fast fashion company, we need innovative and dynamic solutions to seize ever-changing market opportunities and drive our business growth in sync with our priorities,” says Karl Ting, SI, Managing Director, Business Information Services, at Crystal. “SAP solutions have helped us succeed.”

All of this led Crystal to become a proud participant of the SAP Innovation Award 2022.

To learn more about this achievement, including their metrics for using SAP solutions, read Crystal’s SAP Innovation Awards pitch deck.

Column: How TikTok changed fashion

These days, you can’t scroll very far on TikTok without seeing at least one shopping or a slew of “outfits of the day.” Brands are now rushing to get their products trending and dumping their PR budgets for the most famous influencer to spring from their new line.

And once the right video reaches the right audience, the fire ignites.

Your everyday lines aren’t the only ones entering this new fashion playground. Designer brands like Prada and Yves Saint Laurent have recruited popular TikTok designers to be their ambassadors. Attracting the younger generation has never been more important, as these high-end brands have not only started streaming their Parisian fashion shows on the platform, but they have also started scouting their models. In today’s world, if you’re into fashion, you’re on TikTok.

Since TikTok went mainstream during the height of the COVID-19 pandemic, exposing people to cooking ideas, book recommendations, dances and more to pass the time, it’s spawned something new. : the micro-trend.

One day, the new ultra mini UGG boot is the new must-have shoe for fall. Next week, the Adidas Samba sneaker took the off-duty model look to new heights. Next month, a $300 denim skirt could be a wardrobe staple you can’t live without. This revolving door of trends is neither sustainable nor good for your bank account.

Even with record inflation and a faltering economy, shopping persists. You wouldn’t think rent and grocery prices skyrocket when a small country-sized Aritzia package lands on an influencer’s doorstep. Or when people you follow insist that Mirror Palais, a brand that rarely drops below the $400 price tag, is worth it when it’s definitely not.

Now, I want to make it clear that I’m not talking to you from my platform and embarrassing you for designing your wardrobe as you wish. I am an avid shopper myself and have fallen victim to many TikTok trends. I want to encourage smart and thoughtful shopping.

Emphasis on intelligence.

I present to you the construction of a capsule wardrobe: the relatively new direction of the fashion industry. Brands such as Djerf Avenue, Guest in Residence, Helsa, Outdoor Voices, Reformation and Girlfriend Collective have appeared on the scene with one demand: that customers buy their sustainably and ethically sourced and produced products and wear them forever.

These designers observed how celebrities would be seen wearing an expensive item, TikTok would go crazy for it, and fast fashion brands such as Shein and Zara rushed to make knockoffs that would fly off the shelves to be found in thrift stores and the donation bins a few months later.

Guest in residence, the creative baby of top model Gigi Hadid, has the mission of creating “future legacies”. Girlfriend Collective makes their activewear from post-consumer recycled water bottles, fishing nets and fabric scraps. Reformation encourages its customers to return the clothes they have purchased so that they can make new clothes from old materials.

The goal of brands is no longer to mimic trend cycles and overproduce. The United States alone disposes of more than 16 million tons of textiles per year, and most of it ends up in landfills. The goal now? Help save our planet and create timeless pieces.

The next time you browse your For You page, I urge you to try and ignore the next video you see claiming that the jacket they’re wearing is a must-have for the season. If you find yourself losing sleep over it, sift through Poshmark or another second-hand source for a lookalike. Ask yourself if you’ll be wearing the jacket in a year or two.

Retail therapy can mean more than just selecting “confirm order” after a tough week. This can mean being aware of what you consume and feeling good about the steps you are taking to protect the environment.

TikTok has definitely revolutionized the fashion industry. Think of that scene from “The Devil Wears Prada” where Miranda Priestly lectures Andy Sachs about the roots of her fashion decisions and the legacy of the cerulean blue sweater. It’s unlikely that the accessory or clothing choices we make now were determined solely on TikTok.

So while the platform gave us micro-trends that turned out to be fun but unsustainable, it also gave birth to limitless creativity, the highest degree of self-expression, and most importantly, a vision of brands committed to producing staple products that can be passed down from generation to generation.

So say goodbye to overconsumption and hello to Miranda Priestly-level insight.

@MaddieWhitaker7

[email protected]

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Luxury hotel brands say they’re creating a whole new cruise category: Travel Weekly

DeeAna Archer, owner of Sugar Land, Texas-based Archer Luxury Travel, is thrilled to sail on the first ship in the Ritz-Carlton Yacht Collection.

She’s booked the Owners Suite on the sleek 298-passenger Evrima for a Bahamas cruise in February and is looking forward to posting photos on Facebook.

These posts, she said, will undoubtedly lead to an increase in the number of her luxury customers booking the hotel brand’s cruise line. His proof? She booked two cabins on the Evrima after only announcing she was sailing on it. And so far, most of its customers who book these yacht experiences have never been on a cruise.

“They want a more personalized luxury experience, and currently the Ritz-Carlton Yacht is delivering that,” Archer said, adding that those customers also want a cruise experience without “everyone else.”

The Ritz-Carlton Yacht Collection, which just put its first ship into service on October 15 after nearly two years of delay, is part of a group of luxury hotel companies that are looking to the sea.

Four Seasons became the latest, announcing late last month that it was launching a line of yachts starting with a 190-passenger vessel. Aman will also enter the cruise industry; he is building a 100-passenger yacht in a joint venture with Cruise Saudi called Project Sama. The two hotel brands plan to launch these ships in 2025.

A common thread among attendees is that none use the word “cruise” in their name, and at least two actively distance themselves from the concept.

Aman Group CEO Vlad Doronin said the Sama project is “ultimately creating a whole new category in on-water discovery”. Is this a cruise? “No,” he said, instead calling the product “similar to a private superyacht.” He said he expected the yacht product to appeal to those who want to “see the world from this new perspective”, including those who know Aman.

Four Seasons Yachts was announced at the Monte Carlo Yacht Show on September 27, deliberately at a yacht event, not a cruise conference, said Larry Pimentel, CEO of the new venture and longtime executive of the l cruise industry that was last at the helm of Azamara. .

“We may be on a cruise, but we’re not a cruise line,” he said. “There are so many differences, whether it’s the design or how we’re going to go to market. It’s a hybrid design. It takes the best of passenger transport and the best of yachting and combines both elements in something that has created, really, a genre, maybe even a niche, that… has no equal.”

Four Seasons Yachts’ first ship will cost $4.2 million per stateroom, Pimentel said. For comparison, the expedition ship Crystal Endeavor (soon to sail for Silversea as Silver Endeavour), considered one of the most expensive expedition cruise ships, is said to have cost just under $2 million. dollars per berth.

One thing that sets the Four Seasons product apart from even luxury cruise ships, he said, is its space per passenger. Compared to similarly sized luxury vessels, such as the 32,000 gross ton, 458 passenger Seabourn Quest, the Four Seasons Yachts vessels will weigh approximately 33,000 gross tons and accommodate 190 passengers.

The Ritz-Carlton Yacht Collection is not opposed to using the C-word in its marketing, but it has made it clear that this is not a traditional cruise, with its brand statement proclaiming that she “opens the way to a new era of yacht styling”. cruise.”

Reinvent the wheel? Not enough

Not everyone thinks that these hotel brands should distance themselves from the products that are already successful there.

Eric Goldring, luxury specialist and owner of Goldring Travel, based in Truckee, Calif., said the biggest problem he sees with these brands is that they are hotels venturing into a business whom they do not know and whom it would be wise to bring. seasoned cruise executives who are not trying to create a “floating hotel”.

“It has to be a cruise line first and operate with those who can do it,” he said. “In other words, it’s fine to say, ‘That’ll be cool,’ but you have to know that it can be built and has legs to last over time.”

Goldring said its customers have been asking about these crossings, including the Evrima, which has just made its debut on a crossing from Barcelona to Rome. “I have told all my clients that there is no advantage in being the first [the hotel cruise lines] figure things out,” he said. “My job is to make sure my clients’ desires are exceeded, not frustrated.

Steve Orens, president of Plaza Travel in Woodland Hills, Calif., has booked a cruise on the Evrima four times, all but the last canceled due to construction delays or Covid. He sails the ship in December and is eager to experience the Ritz-Carlton’s product and service at sea. But like a new restaurant, he wants to give the line time to show how a hotel company runs a cruise ship before to give it a review.

“They do a great job of hotel management, and [cruise lines] always have a hotel manager on cruise ships,” Orens said. “We’ll see how they can replicate or deliver that experience at sea.”

Christian Sauleau, the retired former executive vice president of operations for luxury brands including Silversea Cruises, Crystal and Regent Seven Seas, said running a ship is different from running a hotel. For example, the crew lives on a ship, which requires different team effort and attention for employees.

Although these brands have the clout of a household name, they will still have to work out the issues with their new products, he said.

“The thing is, waiting [from guests] will be higher. They expect the Four Seasons,” he said. “If it’s a new brand, you can have excuses. If you’re the Four Seasons, we expect you to deliver right away.”

Someone please help Kanye West before he loses everything

Musical genius and fashion icon Ye, formerly known as Kanye West, keeps saying and doing outrageous things that seriously threaten the survival of his brand. His self-destruction is public and painful to watch. It’s getting worse. It’s probably about to be cancelled. Someone, anyone, please help him before he does irreparable damage to his legacy and his billionaire empire.

Why does Ye keep behaving so erratically? Because he has a disability. The 24-time GRAMMY Award winner was public about his bipolar disorder. Fans and others in his industry understood this and therefore excused some of his behaviors, but many lack patience. I feel like a lot of people don’t see bipolar disorder as a disability. They should. The Americans with Disabilities Act and the Social Security Administration have officially declared it so.

Full disclosure: I’m one of Kanye’s biggest and most loyal fans. Unlike many others I chat with and enjoy music with, I refused to give up on Ye because I empathize that he is not in control of his illness. I often tell friends, fleeting fans, and critics that we shouldn’t give up on someone who has this particular disability. Fewer and fewer people are willing to stand with me in support of West. I lose credibility. As for all artists (not just Ye) behaving recklessly, I stopped trying to convince myself and others to separate the art from the artist, because that leads to complicity and the durability of the damage.

Of course, Kanye and I have never spoken or met; I was only in the audience at six of his concerts. I nonetheless care deeply for him as a person, a brilliant artist, and a black man who must navigate two racist industries (music and fashion) that systematically disadvantage creative people of color.

I must admit that I was deeply disappointed when I saw pictures of him wearing a White Lives Matter t-shirt at Paris Fashion Week earlier this month. Appearances in his Make America Great Again hat and its weird bromance with President Donald Trumpas well as his failed campaign to become president of the United Statesso many times confused me and other fans.

Also quite disturbing was that of Ye harassment of ex-wife Kim Kardashian and actor Pete Davidsonher now ex-boyfriend. Tweeting that he would go “death con 3 on the Jewish people” was horrifying, as was the disgusting and inaccurate explanation he offered for the death of George Floyd. Floyd’s family is now sue West for $250 million for those remarks he made on the podcast Drink champions. In a live interview with Piers Morgan, Kanye says President Joe Biden’s refusal to accept Elon Musk’s advice is “fucking retarded”. West later argued that his mental health issues allowed him to use those words.

You recently purchased Talk, a conservative social media platform that aims to be a “non-cancellable” alternative to Twitter. Free speech is unquestionably important, but a platform like Parler will do more harm than help for West. He needs more accountability, not less. Being canceled anywhere but Talk will ultimately not be good for his long-term mental and emotional well-being, and certainly not for his career.

Kanye’s downward spiral is extremely difficult to observe. He deserves empathy and help, but must also be held accountable for the destruction he causes in the lives of others and in his industries. He doesn’t seem to care. Is it because he Actually doesn’t care, or is it because of his bipolar disorder? I believe it’s the latter. Are there really no more friends, family members, influential industry colleagues, doctors, therapists, members of the legal team, trusted financial advisors, partners commercial or sponsors who can persuade Ye to get the help he needs?

Earlier this year I watched the docuseries ‘jeen-yuhs: a Kanye trilogy’ on Netflix, which received a Primetime Emmy nomination. It was mostly an inspirational and musically exciting reminder of why I fell in love with Kanye. But I also felt deep sadness seeing what happened to Ye’s mental and emotional health after the death of his mother, his most trusted accountability partner. Seeing the erosion of Ye’s friendships over time also saddened me. As I suspect that was the case for most viewers of the documentary, I wondered who was left. I want his friends and colleagues to intervene before he totally loses everything and everyone, including himself.

I care first and foremost about Kanye and the people his behaviors hurt, but let’s get down to business. Too few American billionaires are black – according Forbes, Ye is one of them. His deal with Adidas is said to be worth $1.5 billion. Online shoe retailers say Kanye’s recent controversies haven’t had a negative effect sales of his line of Adidas Yeezy sneakers, at least not yet. Despite this, the partnership seems threatened with collapse. “FUUUUUUCK ADIDAS I AM ADIDAS ADIDAS RAPED AND STOLEN MY DESIGNS” West posted on Instagram in response to a CNBC article about Adidas revising and potentially ending their relationship with him. If the company abandons Ye, he will no longer be a billionaire, Forbes reports.

The luxury fashion brand Balenciaga is done with West. Following his anti-Semitic remarks and the Paris Fashion Week white clothes fiasco, a Vogue spokesperson announced that neither the magazine nor its editor Anna Wintour will work with Ye again in the future. Although not attributed to a specific incident, his very public breakup with JPMorgan Chaseour country’s largest bank, is another recent example of a highly publicized dissolution of a business relationship.

Last month, Ye told retail apparel giant Gap he terminated their contract for a business partnership that was to last until 2030 because the company failed to fulfill its obligations. In a note to employees, Gap CEO Mark Breitbard offered a different explanation. He noted that West and the company “share a vision to bring high-quality, cutting-edge, utilitarian design to all…the way we work together to achieve that vision is misaligned.”

The instability of his deal with Adidas, combined with the collapse of other business partnerships, is likely to lead to significant financial problems for one of the world’s most talented creatives. If he doesn’t get the challenge, support and treatment he so obviously needs, I’m afraid his music will no longer be played on radio stations and elsewhere. Because I love him and recognize that he has no control over his mental illness, I desperately want someone to help save Kanye from himself. I most certainly would if I could.

Knitting brands that make sustainability sexy

Sustainability hasn’t always been a particularly sexy topic for the luxury fashion industry. And yet, brands are increasingly finding ways to make this a more exciting – and urgent – ​​issue. One such area of ​​innovation is knitting, where brands are adapting techniques and designs to create pieces in a more conscious way, while helping the industry move closer to a closed-loop model.

Take Gabriela Hearst, who created a blue and black graphic sweater and cardigan from recycled cashmere for Fall Winter 22. Or Emporio Armani, who introduced more sustainable yarns in its collections over the past few years, and this season has made a turtleneck from recycled wool. And Zegna’s #UseTheExisting campaign centers on reclaiming fibres, yarns and fabrics from the production process, using them for upcycled wool or cotton sweaters.

Herno Responsible Wool Standard knit jumper, £290. Bode Responsible Wool Standard Jacket, $980. Re/Done recycled Levi’s jeans, £380 © Spela Kasal

“We are convinced that sustainability is an essential transformation project for the company of fashionsays Claudio Marenzi, CEO of Herno. The Italian fashion brand, founded in 1948, committed 8% of its 2010 turnover to making its headquarters and logistics subsidiaries fully energy self-sufficient, and uses materials such as Econyl and recycled nylon satin . For his Globe label, Herno uses a dye-free and sustainable wool blend, as in his responsible wool knit sweater, which is adorned with the words “Take Care of Your Future”. “We believe [sustainability] is an opportunity for cultural growth and training, but also for sensitivity and conscious choices, both corporate and personal,” adds Marenzi. “These are the same choices that globally determine the end of fast fashion in favor of a balanced and quality purchase.”

Denzil Patrick embroidered patchwork jumper in recycled cashmere and wool, £895, and unsold Japanese denim Ted jeans, £195

Denzil Patrick embroidered patchwork jumper in recycled cashmere and wool, £895, and unsold Japanese denim Ted jeans, £195 © Spela Kasal

Emporio Armani Recycled Wool Turtleneck Sweater, £300

Emporio Armani recycled wool turtleneck sweater, £300 © Spela Kasal

Retailers are also striving to stock and sell more sustainable knits. Mr. Porter’s selection includes Karu Research, whose knitwear is handmade in India with organic Kala cotton, and New York-based Stòffa, which uses The Good Cashmere Standard-certified cashmere. Knitwear from the retailer’s own brand, Mr P, uses surplus yarns twisted with recycled and organic fibers. Porter’s Chief Purchasing Officer, Sam Kershaw, said, “Creating a more comprehensive responsible offering is essential for our customers, for whom sustainability credentials are increasingly impacting purchasing decisions. ‘purchase.

Gabriela Hearst Artet sweater in 100% recycled cashmere, £1,390, and Julio coat in 100% recycled cashmere, £2,510.  Levi's Re/Done recycled straight tapered jeans, £380

Gabriela Hearst Artet sweater in 100% recycled cashmere, £1,390, and Julio coat in 100% recycled cashmere, £2,510. Re/Done recycled straight tapered Levi’s jeans, £380 © Spela Kasal

Model, Tim Dibble at Models 1. Cast, Keva Legault. Hairstyle, Maki Tanaka using Sisley. Grooming, Victoria Martin using Boy by Chanel. Photographer’s assistant, Robert Palmer. Assistant Stylist, Ady Huq

dhanteras: Approximately Rs 40,000 cr in business expected for 2 days from Dhanteras: CAIT

Around Rs 40,000 crore in business is expected to be generated on this Dhanteras, which spans the weekend, on the back of positive consumer sentiment, the Confederation of All India Traders (CAIT) said on Saturday. Dhanteras, the first day of Diwali, is considered auspicious for buying new items, especially gold, silver jewelry, all kinds of utensils, cooking utensils, vehicles, clothes and ready clothes for use, electronic devices, electrical appliances, among others.

This year, Dhanteras is spread over the weekend, with the muhurat starting from 2:00 p.m. on Saturday to 6:00 p.m. on Sunday.

“Around Rs 40,000 crore in business” is expected over two days of the Dhanteras festival, CAIT National Chairman BC Bhartia said in a statement.

National Chairman of All India Jewelers and Goldsmiths Federation Pankaj Arora said there was great excitement among jewelry traders across the country over the sale of Dhanteras on Saturday and Sunday, for which the industry has made elaborate preparations.

There is also a demand for artificial jewelry which is also visible in the markets this year, while gold, silver coins, banknotes and idols are also likely to be purchased in large quantities on Dhanteras, a- he added.

CAD in Apparel Market Size and Forecast

New Jersey, United States – The CAD in Apparel Market is carefully studied in the report while broadly focusing on key players and their business tactics, geographic expansion, market segments, competitive landscape, manufacturing and pricing structures and of costs. Each section of the research study is specially prepared to explore key aspects of the CAD in Apparel market. For example, the section on market dynamics digs deeper into the CAD in Apparel market drivers, restraints, trends, and opportunities. With qualitative and quantitative analysis, we help you to carry out an in-depth and comprehensive research on the CAD in Apparel market. We also focused on SWOT, PESTLE, and Porter’s Five Forces analyzes of the apparel CAD market.

The major players of the CAD in Apparel market are analyzed considering their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they focus on when operating in the CAD in apparel market. Additionally, the report offers two separate market forecasts – one for the production side and another for the consumption side of the CAD in Apparel market. It also provides useful recommendations for new and established players in the apparel CAD market.

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Key Players Mentioned in the CAD in Apparel Market Research Report:

Autodesk, Browzwear, Lectra, AllCAD, Arahne, Artext, Audaces, Bontex, CadCam Technology, C-Design, Fashion CAD, Gerber Technology, Tricycle

Apparel CAD Market Segmentation:

Global Apparel CAD Market by Type:

• 3D
• 2D

Global CAD in Apparel Market by Application:

• Relaxed
• Wedding
• Evening
• Bespoke suits
• Baby clothes
• Intimates
• Swimwear

Our market analysts are experts in in-depth segmentation of the CAD in Apparel market and in-depth assessment of the growth potential of each segment studied in the report. From the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the CAD in Apparel market, considering the market potential of the various segments studied. It helps market players to focus on high growth areas of the CAD in Apparel market and plan powerful business tactics to secure a position of strength in the industry.

Apparel CAD market research is incomplete without regional analysis, and we are well aware of this. This is why the report includes a comprehensive and all-encompassing study that solely focuses on the geographical growth of the CAD in Apparel Market. The study also includes accurate estimates on the growth of the market at the global, regional and country levels. It helps you understand why some regional markets are thriving while others are experiencing declining growth. It also allows you to focus on geographies that have the potential to create lucrative leads in the near future.

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(1) A comprehensive section of the CAD in Apparel market report is devoted to market dynamics, which includes influencing factors, market drivers, challenges, opportunities, and trends.

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(3) Players can use the competitive analysis provided in the report to develop new strategies or refine their existing strategies to meet market challenges and increase their share of the CAD in Apparel market.

(4) The report also examines the competitive situation and trends and sheds light on company expansions and ongoing mergers and acquisitions in the CAD in Apparel Market. Moreover, it sheds light on the market concentration rate and market shares of top three and top five players.

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Key questions answered by the report:

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(4) What is the competitive situation in the apparel CAD market?

(5) What are the emerging trends likely to influence the growth of the CAD in Apparel market?

(6) Which product type segment will have a high CAGR in the future?

(7) Which application segment will grab a big share of the CAD industry in apparel?

(8) Which region is lucrative for manufacturers?

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Ebay pin its hopes on luxury and second-hand collectibles

“One of a kind!” said Jamie Iannone, Managing Director of eBay, pointing to the immaculate pair of custom-made Nike sneakers at his feet.

Whether it’s a genuine passion for luxury “kicks” or a desire to be trendy with the TikTok-ing Gen Z consumers that eBay wants to attract, Iannone is confident in the The booming second-hand luxury market, for items such as sneakers or watches, will help turn around the situation in the online market.

“We’re looking at Gen Z and Millennials,” he said. “The focus is more on sustainability and ‘re-commerce’. Ebay is really the pioneer. . . it gives us an opportunity.

The eBay chief hopes a return to its roots as a place for used items and collectibles, with a focus on high-end resale, will help make up for more than a decade of lost ground in e-commerce.

It comes as the company’s market value has fallen from a high of $53 billion last year to $21 billion today, following a short-lived e-commerce boom in the UK. pandemic era. In its latest results in August, it reported its fifth straight quarter of year-over-year sales volume declines. Meanwhile, its U.S. e-commerce market share has fallen from 7.6% in 2016 to 3.5% this year, according to research group Insider Intelligence.

The battle with Amazon is long lost, Iannone conceded, but he insisted the company had the “right to win” in areas more traditionally associated with the site which began as an auction platform in 1995.

“When you talk to business-to-consumer sellers who primarily sell ‘new and in-season,’ they’re more likely to sell on Amazon or Walmart,” said Iannone, a former Walmart executive.

“Ebay was trying to get into that space. I don’t think it’s a long-term place where we can win,” he added.

Iannone, a former eBay executive who left in 2009 and returned to lead the company in April 2020, said the site has instead invested in what he called “targeted” categories, rethinking Deprecated UI elements to better fit individual categories, such as jewelry.

It expects these new targeted categories to account for 50% of the company’s sales volume by 2024, up from 20% at the end of last year.

Ebay’s strategy is to tap into a luxury clothing resale scene that is expected to reach $37 billion by 2025, up from $27 billion in 2020, according to projections by research group Business of Fashion. Cowen Research has predicted that the second-hand sneaker market will become a $30 billion industry by 2030, while resold luxury watches will account for a third of all global watch sales by 2025, according to forecasts. from McKinsey.

But eBay, nearly three decades old, must overcome significant competition from younger, hipper start-ups that have a head start.

Sneaker markets StockX and Goat attracted $1.2 billion in funding between them, according to data from Alphasense. RealReal, a luxury fashion marketplace, went public in 2019 and raised $300 million, but has yet to turn a profit. Earlier this month, second-hand market Poshmark was sold to South Korean tech group Naver in a deal worth $1.2 billion.

Jamie Iannone, Managing Director of eBay, sits in a conference room
Jamie Iannone, Managing Director of eBay, said: “We are looking at Gen Z and Millennials. There is more focus on sustainability and ‘re-commerce’ © eBay

Apart from other resale marketplaces, eBay will also face direct competition from brands. Despite initial concerns that resale trends could eat away at demand for new products, high-end brands such as Balenciaga and Gucci are making attempts to offer their own resale stores.

According to ThredUp, a second-hand platform that offers its own authentication services to brands under a white-label program, 107 major U.S. brands operate their own resale stores, up from 37 at the end of last year. .

To compete with the crowd, Iannone argued that eBay’s strength would lie in cross-promotion, with trust gained in one category leading to purchases in another. He said the company’s data suggests that a shopper who buys a luxury watch costing $2,000 or more will spend about $5,000 more on watches and $5,000 on other categories on eBay.

GM221022_22X Decrease in transactions on eBay

As part of its push towards high-end resale, eBay has completed several deals in the area of ​​collectibles and authentication. It recently acquired TCGplayer, a trading card platform, for $295 million. It has also partnered with verification agencies such as the Gemological Institute of America, which assesses the authenticity of designer jewelry.

The company invests about $100 million a year in building its authentication infrastructure and has opened five “authentication centers” around the world that inspect wanted items before they are shipped to buyers.

For sneakers, this involves a 25-point process that examines the quality of materials, stitching, packaging and even smell. Once verified, a smartphone-scannable chip is attached so customers can verify details.

“The reason we’re doing this is to create a revolutionary level of trust on the platform,” Iannone said. “How do we say overwhelmingly, ‘Come to eBay, everything will work out, we’ll protect you’.”

Another facility is a 31,000 square foot trading card vault, located in Delaware, which maintains trading cards at an optimum temperature to preserve their condition.

Unlike the vast majority of eBay sales, where items are shipped, trading cards are often sold from one customer to another without ever being handled. “Let’s say a rookie had a good game. This card could be redeemed two or three times in the same day as it is now in a safe. The intersection of physical and digital things gets really interesting with the work we do there,” Iannone said.

Line chart of stock price ($) showing eBay's performance over 10 years

The company did not disclose the financial performance of its authentication and resale operation, except to say that the “collectibles” category had specifically reached $10 billion per year in gross merchandise volume, the total value of goods sold – about 10% of everything sold on eBay.

Investments in verification have gone some way to helping eBay navigate its way into the high-end resale space, said Graham Wetzbarger, founder of the Authentication Institute of America and former head of authentication at The RealReal.

“It helped regain the market share they lost in the first decade of mass-market resale,” he added.

Ebay has spent the past few years selling parts of the business unrelated to its core market following pressure from activist investors. This includes the sale of its classifieds business for $9.2 billion and its ticket resale company StubHub for $4.05 billion.

The shift to a narrower focus appears to have impressed analysts. “Ebay’s business looks remarkably like its genesis,” read a recent note from Morningstar. “A dynamic e-commerce platform connecting hundreds of millions of buyers and sellers worldwide, with a focus on used, clearance and refurbished products.”

In the highly competitive sneaker segment, eBay’s lower fees compared to rivals StockX and Goat should translate into a healthier merchandise offering, Wetzbarger said. Buyers generally don’t show strong loyalty to a particular market as long as supply is strong, he added.

“When you add up all the fees and commissions, plus shipping, eBay charges the seller less,” Wetzbarger said. “For that solopreneur, or just that hobbyist, [eBay are] hoping they will switch from other platforms to eBay to sell their items.

Find out how Web3, NFTs and the Metaverse fit into fashion – Sourcing Journal

The Council of Fashion Designers of America (CFDA) recently announced that he will celebrate his 60th birthdaye anniversary by “looking to the future” with a metaverse, Web3 and NFT show in December. While the event’s topics may be unknown to many, organizers hope to use it to show fashion players the opportunities that are becoming available in the digital world.

““Our vision at 5Crypto and with this partnership is to empower and educate Web2 brands on the unlimited opportunities Web3 presentsand create special moments that bridge the gap between consumer and crypto,” said Akbar Hamid, Founder and CEO of 5e Column and 5Crypto, a communication agency for cryptocurrency, metaverse, NFTs and consumer brands. More on Web2 versus Web3 in a moment.

The The CFDA event will include a metaverse exhibition (metaverse can mean augmented or virtual reality, or avatar/gaming reality, among others) of 60 looks from the six decades of the CFDA, as well as exclusive NFTs (non-fungible tokens) that will be auctioned.

Valentino Vettori, founder, Land of Arcadia, a platform that aims to raise awareness of sustainability and circular design, says fashion companies can start creating value and relationships with their customers through Web3, NFT and cryptocurrency. During a presentation at the recent Coterie New York show, Vettori described Web2 as a website where the brand sells to others. He then explained Web3 almost like crowdsourcing – where a brand would be owned by anyone who buys part of the business through non-fungible tokens or crypto. It could be owned by 100 people or a million people, depending on how much value someone creates for their business. Ownership is then distributed through digital assets such as NFTs, ownership of which can be tracked through blockchain smart contracts.

“NFTs can remain a simple loyalty program where if you own my NFT, you can participate in my fashion show, or if you own my cryptocurrency, you can own part of my brand,” Vettori explained. “Let’s say I pulled out some shoes and put some nice pictures on the digital contract that says if you own the shoes in the physical space, you also own them in the digital space. Once you own the shoes, you can also resell them. If it was a limited collection, it has value and now you can make money from it. Also, if you are someone with no money but have lots of friends and want to start a fashion business, you can create a brand and break it up into small pieces. And then you create crypto (Vettori says it’s not hard to do), and you fundraise technically very quickly. Before you know it, you have raised funds from your investors who are also your consumer and your community – and all transactions are tracked through their blockchain with this smart contract.

It may seem dizzying. But it also looks like it could be profitable for both retailers and brands, especially if it’s run by well-known names that already offer consumers some level of convenience. Currently, shoppers buy most of their clothes from mass merchants like Walmart and Target (22%), according to Cotton Incorporated’s 2022 report. lifestyle monitorInvestigation. This is followed by Amazon (13%), chain stores like Kohl’s (12%), department stores like Macy’s and Dillard’s (11%), discount stores like Ross and TJ Maxx (10%), specialty stores like Gap and American Eagle (9%) and fast fashion specialty stores like Zara and Uniqlo (6.6%).

Currently, most consumers prefer to buy their clothes in a physical store (58%) rather than online (42%), according to the Monitor™ search. It’s still quite traditional. But GWI, a UK-based market research firm, says more than a fifth of Gen Z and Millennials shoppers want retailers to offer AR (augmented reality) so they can digitally try out the products. The company says there has been a 29% increase in the number of VR (virtual reality) headset owners since 2020. shoppers turn to retailer and brand websites the most (35%) when researching clothing shopping ideas online, according to Monitor™ search. This is followed by social media sites (30%), e-commerce only sites such as Amazon and Net-A-Porter (28%), e-commerce only apps (27%), retailer email and brands (24%), retailers and branded apps (22%), fashion or fashion trend sites (20%), and email from e-commerce sites only.

GWI adds that brands should also enter the game world, as it predicts that players will be early adopters of the metaverse. To wit, GWI reports, 22% of consumers interested in participating in the Metaverse are already playing Minecraft.

Although some aspects of fashion’s digital future may seem too futurists, retailers and brands should note that most consumers (58%) say the past few years have changed the way they will shop for clothes in years to come, according to the Monitor™research. Almost half of these shoppers (47%) say they will buy more clothes online. And 41% say they will be more determined with the clothes they buy.

For its part, the CFDA is taking advantage of its 60th anniversary to advance the industry.

“The CFDA has always been a pioneer creative and innovative thinkingsaid CFDA CEO Steven Kolb. “And with our first metaverse exhibition and NFTs, we are entering this new era of digital transformation.”

The Cotton Incorporated Lifestyle Monitor™ is an ongoing research program that measures consumer attitudes and behaviors around clothing, shopping, fashion, sustainability, and more.

For more information on the Lifestyle Monitor™ survey, please visit https://lifestylemonitor.cottoninc.com/.

Bangladesh takes part in Fashion World Tokyo

Bangladesh participated in “Fashion World Tokyo (FaW), the largest fashion industry exhibition in Japan.

To retain the dominant market share and increase Bangladesh’s exports to the Japanese market, Fashion World Tokyo will play an important role, the government said.

The show, held from October 18 to 20, brought together all kinds of fashion garments, garments, bags, shoes, textiles, leather, fashion accessories and fashion sourcing from all over the world, with around 600 exhibitors.

Bangladesh Ambassador to Japan Shahabuddin Ahmed inaugurated the Bangladesh Pavilion on October 18 at Tokyo Big Sight, Japan.

Japan is Bangladesh’s 11th largest export destination.

In the fiscal year 2021-22, Bangladesh exported goods worth US$1,353.85 million to Japan, which is 14.38% more than the previous fiscal year.

Under the Market Development Initiative of the Export Promotion Board (EPB), Ministry of Commerce, Bangladesh, 30 (thirty) reputable exporters from the garment industry as well as leather goods are participating in this fair.

RX Japan Limited, one of the reputable event organizers in the world, is hosting the event.

The Ambassador along with other Embassy officials visited the Bangladeshi booths while Dr. Ariful Haque, Minister (Commerce) of the Embassy accompanied and introduced Bangladeshi companies as well as NRB exhibitors.

Bangladeshi exhibitors have received good responses from Japanese buyers, the Bangladesh Embassy in Tokyo said on Thursday.

On the evening of October 18, the Bangladesh Embassy in Tokyo hosted a Bangladesh FaW Networking Event at the Tokyo Big Sight Conference Tower with the participation of Bangladeshi exhibitors, Japanese companies, NRB exhibitors and of guests from Japanese entities.

Ambassador Shahabuddin Ahmed delivered a welcoming speech and asked NRB businessmen to help Bangladeshi exhibitors to expand their business in the Japanese market.

Other speakers include Toshinaga Ikue, UNIDO ITPO Tokyo, Nishizawa, Japan Chamber, Hajime Suzuki, Chief Director, International Sales, RX Japan, Mohammad Hatem, Executive Chairman, BKMEA and Embassy officials.

The networking event was moderated by Dr. Ariful Haque, Minister (Commerce) of the Embassy.

The EPB has participated in the show with a number of exporters as well as the main players in the sector for more than a decade.

Global Rugby Apparel Market Size and Forecast

New Jersey, United States – The report is a comprehensive research study on the Global rugby apparel market considering the growth factors, recent trends, developments, opportunities and competitive landscape. Market analysts and researchers have carried out an in-depth analysis of the global rugby apparel market using research methodologies such as PESTLE and Porter’s Five Forces Analysis. They have provided accurate and reliable market data and useful recommendations with the aim of helping players to better understand the overall current and future market scenario. The Global Rugby Apparel report includes an in-depth study of the potential segments including product type, application, and end-user and their contribution to the overall market size.

Additionally, market revenue based on region and country is provided in the Global Rugby Apparel report. The report’s authors also shed some light on common trading tactics that players are adopting. Major players of the Global Rugby Clothing Market and their comprehensive profiles are included in the report. In addition to this, the investment opportunities, recommendations, and trends currently emerging in the global Rugby Apparel market are mapped by the report. With the help of this report, key players in the global Rugby Apparel market will be able to take wise decisions and plan their strategies accordingly to stay ahead.

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The competitive landscape is a critical aspect that every key player should be familiar with. The report sheds light on the competitive scenario of the Global Rugby Apparel Market to know the competition at country and global level. Market experts have also provided an outline of each major player in the global Rugby Clothing market, considering the key aspects such as areas of operation, production, and product portfolio. Moreover, the companies in the report are studied based on key factors such as company size, market share, market growth, revenue, production volume, and profit.

Key Players Mentioned in the Global Rugby Apparel Market Research Report:

Adidas, Pentlands Brand, Nike, Macron, Under Armour, Castore, BLK, O’Neills, VX3, Umbro, Oxen, Playerlayer, Gilbert.

Global Rugby Clothing Market Segmentation:

Rugby Clothing Market by Application

• Men
• Women

Rugby Apparel Market by Apparel Type

• T-shirts
• Hoodies
• Shorts
• Game kit
• Off-road leisure clothing
• Others

The Global Rugby Apparel Market report has been segregated on the basis of distinct categories such as product type, application, end-user, and region. Each segment is valued based on CAGR, share, and growth potential. In the regional analysis, the report highlights the prospective region, which is expected to generate opportunities in the Global Rugby Clothing Market in the coming years. This segmental analysis will surely prove to be a useful tool for readers, stakeholders, and market players to get a complete picture of the global Rugby Clothing market and its growth potential in the coming years.

In order to estimate and verify the size of the Global Rugby Clothing Market and various other calculations, our researchers have adopted bottom-up and top-down approaches. They have used secondary research to identify key players in the global Rugby Clothing market. In order to collect key insights on the global rugby apparel market, they interviewed marketing executives, directors, vice presidents, CEOs, and industry experts. They also collected information and data from the companies’ quarterly and annual financial reports. Final qualitative and quantitative data was obtained after analyzing and verifying each parameter affecting the global Rugby Apparel market and its segments. We used primary sources to verify all breakdowns, divisions and percentages after determining them using secondary sources.

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What to expect in our report?

(1) A comprehensive section of the Global Rugby Apparel Market report is devoted to market dynamics, which includes influencing factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for the regional analysis of the Global Rugby Clothing Market where important regions and countries are assessed for their growth potential, consumption, market share and d ‘other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to develop new strategies or refine their existing strategies in order to meet market challenges and increase their share of the global Rugby Clothing market.

(4) The report also examines the competitive situation and trends and sheds light on company expansions and ongoing mergers and acquisitions in the global Rugby Apparel market. Moreover, it sheds light on the market concentration rate and market shares of top three and top five players.

(5) Readers are provided with the research study findings and conclusion provided in the Global Rugby Apparel Market report.

This Global Rugby Clothing Market Research Report Contains Answers to Your Following Questions

(A) What manufacturing technology is used for Global Rugby Apparel? What are the current developments in this technology? What trends are driving these developments?

(B) Who are the major global players in this Global Rugby Apparel Market? What is their company profile, product information and contact information?

(C) What Was Global Market Status of Global Rugby Clothing Market? What Was Capacity, Production Value, Cost and PROFIT of Global Rugby Clothing Market?

(D) What is the Current Market Status of Global Rugby Apparel Industry? What is the market competition in this industry, both at company and country level? What’s Market Analysis of Global Rugby Clothing Market by Taking Applications and Types in Consideration?

(E) What are the projections of the global Rugby Apparel industry considering capacity, production, and production value? What will be the estimate of cost and profit? What will be the market share, supply and consumption? What about import and export?

(F) What is Chain Analysis of Global Rugby Apparel Market by Upstream Raw Materials and Downstream Industry?

(G) What is the economic impact on the global rugby apparel industry? What are the results of the analysis of the global macroeconomic environment? What are the development trends of the global macroeconomic environment?

(h) What Are Market Dynamics of Global Rugby Apparel Market? What are the challenges and opportunities?

(i) What should be the entry strategies, countermeasures to economic impact, marketing channels for the Global Rugby Apparel Industry?

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Verified Market Research® is a leading global research and advisory firm that has been providing advanced analytical research solutions, personalized advice and in-depth data analysis for over 10 years to individuals and businesses seeking accurate research, reliable and up to date. data and technical advice. We provide insight into strategic and growth analytics, the data needed to achieve business goals, and help make critical revenue decisions.

Our research studies help our clients make superior data-driven decisions, understand market forecasts, capitalize on future opportunities, and optimize efficiency by working as a partner to deliver accurate and valuable insights. The industries we cover span a wide spectrum, including technology, chemicals, manufacturing, energy, food and beverage, automotive, robotics, packaging, construction, mining and gas. Etc.

At Verified Market Research, we help in understanding holistic market indicator factors and most current and future market trends. Our analysts, with their deep expertise in data collection and governance, use industry techniques to gather and review data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject matter expertise and years of collective experience to produce informative and accurate research.

Having served over 5000 clients, we have provided reliable market research services to over 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi. We have co-consulted with some of the world’s leading consulting firms such as McKinsey & Company, Boston Consulting Group, Bain and Company for custom research and consulting projects for companies around the world.

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Amazon opens a second Style fashion store

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Amazon continues its breakthrough in fashion by opening physical outlets.

The company opened an Amazon Style store in Columbus, Ohio on Tuesday. This is the e-commerce giant’s second Style store in the United States and the first in the Midwest, according to information provided to Retail Dive.

Launch of Amazon Style in Los Angeles earlier this year.

The store concept uses technology to streamline and improve the shopping experience. Customers can scan a product’s QR code using the company’s shopping app to add it to a fitting room or send the products directly to the store’s pickup counter for purchase.

Once inside a fitting room, customers find the clothes they requested, along with additional products selected by the staff. Shoppers can rate items for new products in real time and request additional styles and sizes that ship quickly.

Customers can scan QR codes to add items to a fitting room.

Image courtesy of Amazon.

Amazon Style offers clothing, accessories, bath and body products, skin care, hair care and cosmetics. Brands include Calvin Klein, Lacoste, Levi’s, BB Dakota and Dolce Vita, as well as a number of Amazon’s private labels.

As Amazon has pushed its fashion concept further, it has pulled back on other physical retail stores. The company confirmed this year that it was closing all of its 4-Star, Books and Pop Up stores. Instead, it’s pivoting to focus on its Fresh, Whole Foods marketplace, Amazon Go, Amazon Style stores, and Just Walk Out technology.

“We remain committed to building long-term physical retail experiences and technologies,” a company spokesperson said at the time.

Heat mystery box: the brand that produces luxury menswear packs for style-conscious men

Joe Wilkinson and Mario Maher are having trouble answering one of my questions. The couple talk effortlessly about Heat, their London-based ‘mystery box’ fashion business, but a flippant question about what they do when they’re not working leaves them baffled.

Indeed, for three years, Wilkinson (CEO) and Maher (Purchasing and Merchandising Director) have only had business in mind. Their “Heatboxes” – selections of discounted luxury fashion pieces – have been so successful that earlier this year they announced an investment of over £4 million from LVMH Luxury Ventures, Antler and Stefano Rosso of OTB Group (which owns Marni and Jil Sander), making it one of the fastest growing startups in the industry.

Both born and bred in Sheffield, Wilkinson and Maher possess a classic Yorkshire friendliness and unassuming warmth. They smile a lot — as they should, because at 26 and 27, they’ve built a viable business in the cutthroat fashion space and have industry behemoths prancing around for a slice of the pie.

On Mario: jacket, £1,850, Saint Laurent to flannels. T-shirt, £75, Sun. Trousers, £345, LEJ at Match Fashion. Trainers, £440, Margiela House in order to. On Joe: Jumper, £400, Acne Studios at Selfridges. Jeans, £750, Marni at Match Fashion. Shoes, £115, Birkenstock. Designer owned socks.

Conor Beary

Wilkinson and Maher rent apartments close to each other in the Nine Elms development in south London, home to the much-maligned Sky Pool that stretches into the air across two skyscrapers and the epic silhouette from Battersea Power Station. They walk the five kilometers to the office in the morning to clear their heads. “We work a lot,” concedes Wilkinson. “I like to be the first in the office. I hate not going in, turning on the lights and rolling up the blinds, and for sure I’m always the last to go. I feel like it’s the right thing to do.

Their space is tucked away in the maze of hallways at 180 The Strand, now a creative hub in its own right, home to a number of the city’s trend setters, including Samuel Ross and Grace Wales Bonner of A-Cold-Wall*. Daniel Arsham’s statue of the Pokémon Cubone poses downstairs in the courtyard, and Soho House has an outpost with a rooftop pool.

Inside their minimalist office there are clues to their line of work: a Casablanca surfboard, Yayoi Kusama skateboards, a Basquiat Bearbrick, the fuzzy numbers from MSCHF’s bill stack, and a tome by Virgil Abloh. Paintings by Nigerian skateboarder and artist Slawn adorn the walls, and Togo sofas by Ligne Roset invite you to sit down. “I’ve been getting into upholstery lately,” Maher says, finally revealing an extracurricular hobby. “I try to find antique furniture on weekends. Oddly enough, that was my source of relaxation.

Viaplay sets UK launch date – Global Briefs – Deadline

Viaplay predicts UK launch date of November 1 when Premier Sports deal closes

Viaplay has confirmed its UK launch date: November 1st. It will offer two packages: an option focused on films and series focused on Nordic storytelling, including Viaplay Originals and third-party shows, and a “Total” package as well. including sports, priced at £3.99 ($4.50) and £14.99 ($17) per month, respectively. The Total package will include Premier Sports content after Viaplay’s acquisition of the British streamer received Irish media merger control clearance this week. The deal values ​​the Setanta-owned Irish company at £30 million ($34 million). The Premier Sports channels will be rebranded as Viaplay and the Total package will include men’s FIFA World Cup and UEFA EURO Cup matches in Scotland, Wales and Northern Ireland, as well as than many other sports tournaments. The UK launch brings Viaplay’s footprint to 11 territories, with services in the US and Canada in early 2023.

Davy Chou’s ‘Return To Seoul’ is Cambodia’s international Oscar entry

Cambodia has selected Davy Chou’s Return to Seoul as its entry for the Oscar race for Best International Feature Film. The drama debuted in the Un Certain Regard section of Cannes last May with Sony Pictures Classics picking up the rights for North America, Latin America, the Middle East, Australia and New Zealand. He has since played several festivals, winning first prize in Athens. The story follows a young woman who returns to South Korea, where she was born before being adopted and raised in France, and begins a search for her biological parents in a country she knows so little about, taking her life in new and unexpected directions. In Deadline’s review, Anna Smith called it “a trip worth taking.” SPC releases December 2. Cambodia received a nomination in the international feature film race for Rithy Panh’s 2013 documentary The missing picture.

Topic among buyers for ZDF studio drama ‘Agatha Christie’s Hjerson’

US streamer Top has acquired crime drama Hjerson by Agatha Christie from German distributor ZDF Studios. The Australian company SBS also provides the show. and VOD platforms such as Google Play, iTunes and Amazon, European broadcaster Viasat World, Keshet in Israel, NHK (Japan), VR Films (India), LRT (Lithuania) and Walter Presents (UK and Ireland). The series, which was originally for TV4/C More in Sweden and won the MIPDrama Coup de Coeur and is billed as a “playful mystery drama with a contemporary meta twist – marking the first time an Agatha character Christie wins a spin-off series. Johan Rheborg stars as Detective Sven Hjerson, a former investigator who solved some of Sweden’s most serious crimes now living on the margins of society.

The Made Up Stories transformation format of the fifth season boards “Undressed”

Fifth season belonging to CJ ENM in Cannes distributing Undressedan eight-part transformation format of par Nine perfect strangers and The defeat Made Up Stories and Mother Media Group, originally for Network Ten, owned by Paramount Global, Australia. Hosted by Emmy-nominated television journalist Kathryn Eisman (TODAY Show, hello america), he delves into the psychology of fashion to explain how a person’s outward appearance can reflect their inner truth. Fifth Season has the tape and format rights and launched it at Mipcom this week. The show, Made Up Stories’ first unscripted effort, is currently streaming on Paramount+ in Australia. “As the name suggests, Undressed goes beyond traditional makeover shows as we see Kathryn meet everyday people looking for both inner and outer transformation,” said Prentis Fraser, recently promoted to President of Television Casting for Fifth Season.

‘That’s My Jam’ Spreads Across Europe Following NBCU Offers

NBCUniversal Formats Entertainment Show It’s my jam heads for Italy, Spain, Portugal and Mongolia. The musical and comedy game show was originally produced for NBC by Universal Television Alternative Studio in association with Jimmy Fallon’s Electric Hot Dog for NBC. In Italy, Endemol Shine Italy does it for the free channel Rai 2, while Spanish actor, comedian and presenter Arturo Valls (The Masked Singer) is confirmed to present a local version of the format. His production company Polvora will co-produce the Spanish series with LACOproductora, in partnership with UTAS, while Shine Iberia is preparing a version in Portugal. In Mongolia, Central TV has ordered a ten-part series to be hosted by The Mongolian Voiceof Ankhbayar Ganbold (The Mongolian Voice). A second season for NBC is currently in production in Los Angeles and filming also recently wrapped on the UK version hosted by Mo Gilligan for the BBC, which is produced by Universal International Studios’ Monkey, in partnership with UTAS. A French version, Stereo Clubbroadcast during the summer on TF1.

Antenna Studios Release Dark Drama “Save Me”

Greece’s Antenna Studios are in Cannes with a limited run of ‘visceral’ crime dramas Save me. Launching on Ant1+ this year, the series focuses on the discovery of three bodies of mutilated women in rural northeast Greece and the efforts of a city detective to prevent further murders. Based on a best-selling book by Dimitris Simos and directed by Pierros Andrakakos, Antena says the series offers “a rarely seen Greece – dark, rural and forbidden”. The eight-part series stars Danai Skiadi, Elena Mavridou, Ektor Liatsos, Ioanna Asimakopoulou, Lila Baklesi, Vaggelio Andreadaki and Mihalis Siriopoulos, and was filmed on location this year. Michael Iskas, CEO of Antenna Studio: “Save me raises the bar for European psychological thrillers as it draws its strength from a redemption story of Oedipus Rex proportions, a backdrop of local Christian and Muslim society that has never been shown before, and a dark, rural version of Greece that you won’t find in every tourist brochure.

WM Technology, Inc. Announces Third Quarter 2022 Financial Results Conference Call | national company

IRVINE, Calif.–(BUSINESS WIRE)–October 17, 2022–

WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), the leading marketplace and technology solutions provider for the cannabis industry, today announced that it will report financial results for its third quarter ended September 30, 2022 after trading on Monday November 7, 2022.

Management will host a conference call and webcast to discuss the company’s financial results at 2:00 p.m. Pacific time (or 5:00 p.m. Eastern time) the same day. Participants can register for the call here. A live webcast of the call will also be available on WM Technology’s Investor Relations website at ir.weedmaps.com.

A replay of the Q3 call will be available on ir.weedmaps.com at the end of the day on November 8.

Call Details – WM Technology Second Quarter 2022 Financial Results:

Founded in 2008, WM Technology operates the premier online cannabis marketplace for consumers, as well as a comprehensive set of e-commerce and compliance software solutions for cannabis businesses, which are sold to retailers and brands across marketplaces. legal cannabis in the United States and Canada. The company’s mission is to power a transparent and inclusive global cannabis economy.

The Company’s technology addresses the challenges faced by both consumers seeking to understand cannabis products and businesses that serve cannabis consumers in compliance with the law. Over the past 14 years, the Weedmaps marketplace has become the premier destination for cannabis consumers to discover and browse information about cannabis and cannabis-based products, enabling product discovery and pre-ordering for the pick-up or delivery by participating retailers. Weedmaps for Business is a set of e-commerce enablement tools designed to help retailers and brands get the most out of the Weedmaps customer experience, create labor savings, and manage compliance needs.

WM Technology strongly believes in the power of cannabis and the importance of enabling safe and legal access to consumers around the world. Since its inception, WM Technology has worked tirelessly to not only become the most comprehensive platform for consumers, but also to create the software solutions that power businesses compliantly in the space, to advocate for legalization, social equity and licensing in many jurisdictions, and to facilitate further learning by partnering with subject matter experts to provide detailed and accurate plant information .

Based in Irvine, CA, WM Technology supports remote work for all eligible employees. Visit us at www.weedmaps.com.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20221017005950/en/

CONTACT: Media: Travis Rexroad, [email protected]

Investor Relations: [email protected]

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CANNABIS INTERNET NATURAL RESOURCES TECHNOLOGY SOFTWARE

SOURCE: WM Technology, Inc.

Copyright BusinessWire 2022.

PUBLISHED: 10/17/2022 5:30 PM / DISK: 10/17/2022 5:32 PM

http://www.businesswire.com/news/home/20221017005950/en

Copyright BusinessWire 2022.

Infection Control Apparel Market Size | Share | Trends | Growth | Scope

New Jersey, United States,- The world Infection Control Apparel Market search by Intellect search contains all definitions, classifications, segments, applications, commitments, and market trends a user is expected to attain in the global Infection Control Apparel Market. Therefore, to define the definition, categorization, procedures, and market interactions for the Global Infection Control Apparel Industry Market, the study is essential to get started. Comprehensive business profiles of leading companies and competitors within the Infection Control Apparel international business, this unit influencing the market and establishing the necessary trends domain unit enclosed within the analysis.

Along with market forecasts, which contain market dynamics, the analysis includes Porter’s Five Forces analysis, which covers the five forces of Consumer Bargaining Power, Traffickers Bargaining Power, Threat of Substitutes, and degree of competition. System integrators, intermediaries, and the end-user unit are just a few of the various participants that make up the market theme that the unit delineates. Another very important subject of this investigation is that the degree of competition in the global Infection Control Garments market

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The global infection control garments market is bifurcated into supported segments, type, end-use, and application. By tracking the trend of growth among the many segments to know with regards to the various growth variables predicted for the entire business, you will employ many techniques to help you uncover vital application areas and, jointly, the variations of your target markets. While assessing the market competition in the Global Infection Control Apparel Market we considered the distinctive outline, business description, product portfolio, major financials, and more. of each company.

Key Players Mentioned in the Infection Control Apparel Market Research Report:

Key players:

  • Cardinal Health
  • DuPont Medical Fabrics
  • Owens and Miner
  • Medline Industries
  • 3M
  • Lindstrom
  • Ansel
  • Delta Plus
  • protection industry

Segment by types:

Segment by applications:

  • Hospitals
  • Ambulatory and surgical centers
  • Clinics

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Scope of Infection Control Apparel Market Report:

Report attribute Details
Market size available for years 2022 – 2028
Base year considered 2021
Historical data 2018 – 2021
Forecast period 2022 – 2028
Quantitative units Revenue in USD Million and CAGR from 2022 to 2028
Segments Covered Types, applications, end users, and more.
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free report customization (equivalent to up to 8 analyst business days) with purchase. Added or changed country, region and segment scope.
Pricing and purchase options Take advantage of personalized purchasing options to meet your exact research needs. Explore purchase options

Regions are covered in Infection Control Apparel Market Report 2022 to 2028

For a comprehensive understanding of market dynamics, the global infection control apparel market is analyzed across key geographies, namely: North America (United States, Canada, and Mexico), Europe (Germany, France, Kingdom United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina and Colombia), Middle East and Africa (Saudi Arabia, United Arab Emirates , Egypt, Nigeria and South Africa). Each of these regions is analyzed based on market findings across major countries in these regions for macro-level market understanding.

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Reasons why you should get this report:

It is a competitive situation to modify which gives an analysis.

By providing an advised call – creation, the company provides analytical knowledge alongside a strategic design methodology for analysis.

Researchers shed light on market dynamics such as drivers, restraints, trends, and opportunities.

We maintain a variety of relationships in our company profile with the native infection control analytical garments we offer.

Provides analysis of infection control garments.

There are major product segments that help you find out.

It provides an inordinate amount of information regarding trending factors that may have an effect on the progress of Infection Control Clothing.

Contents:

Introduction of the Global Infection Control Apparel Market

– market summary

– Scope of the report

– Hypotheses

Executive Overview

Market Research Intelligence Research Methodology

– data processing

– Approval

– Primary interviews

– List of sources of information

Global Infection Control Apparel Market Outlook

– Insight

– Market dynamics

– Drivers

– Constraints

– Opportunities

– Porters 5 Force model

– Value chain analysis

Global Infection Control Apparel Market, By Product

Global Infection Control Apparel Market, By Application

Global Infection Control Apparel Market, by Earth Sciences

– North America

– Europe

– Asia Pacific

– rest of the planet

Competitive Landscape of the Global Infection Control Apparel Market

– Insight

– Company market ranking

– Key development methods

Company Profiles

Annex

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About Us: Market Research Intellect

Market Research Intellect provides syndicated and customized research reports to clients across various industries and organizations with the aim of providing functional expertise. We provide reports for all industries including Energy, Technology, Manufacturing & Construction, Chemicals & Materials, Food & Beverage, and more. These reports provide an in-depth study of the market with industry analysis, market value of regions and countries, and industry-relevant trends.

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Affordable fashion finds for a NYC-approved wardrobe

Us Weekly has affiliate partnerships, so we may receive compensation for certain links to products and services.

We always try to dress like New York fashionistas. Even if you already are one, looking at how stylish everyone is can make you guess your outfit! City-chic fashion is a special blend of simplicity and uniqueness. You want to look like you just put an outfit together and it somehow worked out (even if you spent an hour getting dressed).

We don’t want you to spend an hour getting dressed, so we’ve rounded up 17 awesome fashion picks for you that will have you feeling NYC-chic in no time. We also kept things cheap, as not everyone has access or the funds for expensive shops. Shop below!

17 fashion finds for New York style

Tops

1. Our absolute favorite: First of all! Before buying anything else, a white shirt is a must. This Runcati collared shirt will be the most versatile piece in your wardrobe!

2. We like too : On the other hand, if you want more of a statement piece, this SOLY HUX crop top has an artistic, abstract print that we love!

3. We cannot forget: Two fashion tips that never fail? Raise the neckline and lower the shoulder seams. Try swapping out a simple t-shirt for this SweatyRocks top!

Dresses

4. Our absolute favorite: Oversize is the name of the game right now, and this Versear dress scores win after win. It looks like it was ripped straight from an art gallery in Brooklyn!

5. We also like: You’ll never go wrong with this Kaximil bodycon dress thanks to its high neck and flattering gathers. Layer any type of outerwear on top!

6. We cannot forget: You could definitely wear this R.Vivimos tie-shoulder dress to a nice event – but in true New York fashion, you should also wear it 100% more casually!

Outerwear

7. Our absolute favorite: Say hello to your new favorite fall piece. This Dokotoo jacket revisits corduroy by giving it a raw hem!

8. We also like: When the weather really cools down, it’s time to upgrade to a longer, fuzzier coat. This Angashion faux fur coat comes in so many shades!

9. We can’t forget: Winter is cold on the streets of the city – and in just about every other state. It’s time for an extra long puffer jacket – spend under $100 with this Shanfetl coat!

Trousers

10. Our absolute favorite: You can’t miss these Tronjori pants if you really want to upgrade your wardrobe. They are number one best sellers for a reason!

11. We also like: Of course, wide leg jeans are an essential part of any fashionista’s wardrobe. These Signature by Levi Strauss & Co. jeans are high quality but low priced!

12. We cannot forget: Bold dressers, this one’s for you. Check out these Mistshopy color-block pants!

Shoes

13. Our absolute favorite: Lugged-soled boots should be high on your shopping list for a NYC-worthy wardrobe. These Dream Pairs boots come in four versatile shades!

14. We also like: We also recommend a pair of modern loafers that you can dress up and down. These Aerosoles moccasins are also very comfortable!

15. We cannot forget: Of course, we always recommend sneakers. Try a pair with a platform, like these PUMA kicks!

Accessories

16. Our absolute favorite: A beanie will always add an extra layer of coolness to any outfit. This Yanibest beanie is our pick because it’s affordable and lined with satin to help protect hair!

17. We also like: Chains are all the rage lately, and they’re such an easy and inexpensive addition to any outfit. Try wrapping this KunJoe chain belt around your waist or hips!

Do you want more ? Explore all of Amazon fashion here and check out all of Amazon’s daily deals for more finds!

Looking for something else? Check out more of our favorites below:

This article is brought to you by the Shop With Us team at Us Weekly. The Shop With Us team aims to highlight products and services that our readers might find interesting and useful, such as wedding guest outfits, handbags, plus size swimwear, women’s sneakers , bridal wear and the perfect gift ideas for everyone in your life. The selection of products and services, however, is in no way intended to constitute an endorsement of Us Weekly or any celebrity mentioned in the post.

The Shop With Us team can receive products from manufacturers for free to test. Additionally, Us Weekly receives compensation from the manufacturer of the products we write about when you click on a link and then purchase the product featured in an article. This does not determine our decision as to whether a product or service is featured or recommended or not. Shop With Us operates independently of the advertising sales team. We appreciate your feedback at [email protected] Good shopping!

Mario Andretti drives a McLaren Formula 1 at 82

Mario Andretti has joked about his return to the track with McLaren CEO Zak Brown for the past two years, but on Saturday it became a reality.

Andretti, the most accomplished American driver in Formula 1 history and one of motorsport’s iconic names, climbed back into a cockpit for a lap in a modern F1 car aged 82.

“My bucket list is pretty much satisfied,” Andretti told RACER after the session. “Anything we do after that will be icing on the cake.”

Brown, who oversees McLaren’s F1 team and other company operations, arranged for Andretti to drive the 2013 McLaren MP4-28a model at Laguna Seca in Salinas, California. The two previously discussed the session during a live interview at the 2022 Miami Grand Prix in May.

2022 MIAMI GRAND PRIX:How Formula 1 racing came to Miami

AFTER:Dolphins turn first Miami Formula 1 Grand Prix into ‘Disneyland for race cars’

Back at the site of his last IndyCar race in 1994, Andretti had some fun on Saturday.

However, in typical Andretti fashion, he thought he left time on the track.

“It’s nice but obviously I left a lot on the table,” Andretti said. “It’s about getting the right gear and part of the problem for me was how my helmet was vis-a-vis my steering wheel. I couldn’t see the numbers on my downshift. In some corners I I did it well and in others I didn’t.

“Overall, though, it’s what I expected. It’s a nice feeling as a driver, so satisfying. The car just does what it needs to do.”

Retired IndyCar driver Mario Andretti exits a trailer at the Road America track in Elkhart Lake, Wisconsin June 22, 2016.

Andretti’s F1 career spanned from 1968 to 1982. He won 12 races in 128 starts and won the 1978 world championship.

Andretti also had an illustrious career in IndyCar, winning four championships. His son, Michael Andretti, is the owner of Andretti Autosport, which competes in IndyCar and various other racing series.

January 24, 1978: Mario Andretti, driving the John Player Special Lotus, takes the flag, held by racing idol Juan Fangio (1911 - 1995), to win the Argentine Grand Prix.

Andretti Autosport has tried to join the F1 grid in recent years, but to no avail. According to RACER, the Andretti tried to buy the Alfa Romeo F1 team in 2021, but the deal fell through. Andretti Autosport has since applied for an expansion slot on the F1 grid for the 2024 season. A decision from the FIA, the world’s motorsport governing body, is pending.

If Andretti Autosport has made the jump to F1, could a triumphant return to the track be in the cards for elder Andretti?

Probably not.

In addition to his racing days probably behind him, a driver must accumulate a certain number of points by competing in other series and/or testing F1 cars in order to be eligible to enter F1 – a system which has has drawn a lot of criticism after the refusal of the seven-time winner of the IndyCar race.

Although Andretti said, with a wry smile, that he was “trying to get points for my super license” by driving the McLaren around Laguna Seca.

Google and Coinbase Reach Deal, BNY Mellon Begins Crypto Custody, and WisdomTree’s Bitcoin ETF Is Declined: Hodler’s Digest, October 9-15

Coming every Saturday, Summary of Hodler will help you follow every important news that happened this week. The best (and worst) quotes, adoption and regulation highlights, major coins, predictions and more – a week on Cointelegraph in one link.

Top stories this week

Starting in early 2023, Coinbase’s payment service, Coinbase Commerce, will facilitate crypto payments for customers purchasing Google’s cloud services through an agreement between the two companies. Google will only allow certain crypto assets for payment, including Bitcoin. Initially limited to select attendees, the pay-with-crypto option will eventually expand to other customers, a Google Cloud executive told CNBC. Google Cloud has taken several more steps towards involving the crypto and blockchain industry in 2022.

BNY Mellon, America’s Oldest Bank, Launches Crypto Services

Banking giant BNY Mellon has entered the crypto custody space, offering select customers Bitcoin and Ether custody services through a new platform. The 238-year-old bank will provide accounting for customer crypto in the same way as for traditional assets, while also managing customer private keys. Roman Regelman, CEO of Securities and Digital Services at BNY Mellon, said, “With Digital Asset Custody, we continue our journey of trust and innovation in the evolving digital asset space, while embracing technology and collaborating with fintechs.”

Read also

Features

Attack of the zkEVMs! Crypto’s 10x Moment

Features

FTX Partners with Visa, BNB Chain Suffers Exploit, and Elon Musk Reverts to $44 Billion Twitter Deal: Hodler’s Digest, October 2-8

SEC Rejects WisdomTree’s Bid for a Spot Bitcoin ETF… Again

After multiple delays, the U.S. Securities and Exchange Commission (SEC) rejected WisdomTree’s Bitcoin exchange-traded fund (ETF) proposal, which the company filed in January. The SEC cited fears of market manipulation and fraud as justification for its decision, which is consistent with its previous rationale for denying spot Bitcoin ETFs. The SEC also rejected a spot Bitcoin ETF proposal from WisdomTree in 2021.

PayPal says policy to punish users for misinformation was ‘in error’

PayPal’s Acceptable Use Policy was set to change in early November to include a $2,500 fine for all platform users who promote, post, send or publish so-called “misinformation.” PayPal has since claimed that the policy provision was added in error. “PayPal does not fine individuals for misinformation and this language was never intended to be inserted into our policy,” PayPal said. The fiasco has rekindled concerns about centralized platforms among crypto users who see self-custody as an important pillar of self-sovereignty and financial inclusion.

Blockchain games and metaverse projects raised $1.3 billion in Q3: DappRadar

Data from DappRadar revealed that $1.3 billion in venture capital was invested in metaverse projects and blockchain games in the third quarter – a bright spot amid the darkness of the crypto bear market. While venture capital funding for these sectors was down 48% from the second quarter, the third quarter figure was still more than double the amount invested in all of 2021.

Winners and losers

At the weekend, Bitcoin (BTC) is at $19,665Ether (ETH) at $1,329 and XRP at $0.50. The total market capitalization is $938.70 billion, according at CoinMarketCap.

Among the 100 largest cryptocurrencies, the top three altcoin gainers of the week are Huobi Token (excl. tax) at 87.06%, TerraClassicUSD (USTC) at 63.33% and Quant (QNT) at 22.07%.

The top three altcoin losers of the week are Klaytn (KLAY) at -20.36%, Computer Internet (PKI) at -15.04% and eCash (XEC) at -14.48%.

For more information on crypto prices, be sure to read Cointelegraph’s market analysis.

Read also

Features

Attack of the zkEVMs! Crypto’s 10x Moment

Features

FTX Partners with Visa, BNB Chain Suffers Exploit, and Elon Musk Reverts to $44 Billion Twitter Deal: Hodler’s Digest, October 2-8

Most Memorable Quotes

“Ethereum is the ‘Hotel California’ of cryptocurrencies. You can check in, but you can’t check out.

Charles HoskinsonCardano Founder

“Elon Musk quotes articles on Dogecoin, you get seven times daily signups.

Alex Harperco-CEO and co-founder of Swyftax

“If we [the crypto industry] want to achieve Internet scale, we need a solution for AML/CTF compliance.

John HendersonPartner at Airtree Ventures

“A bear market is the best time to start working in crypto and find a job.

Raman Shalupau, Founder of Crypto Jobs List

“There is protection in gold. But in my opinion Bitcoin is far superior. There is math and code. It is defended by a decentralized protocol. You don’t mess with math.

Greg FossExecutive Director of Strategic Initiatives at Validus Power Corp

“It is extremely important to never forget that we have a huge responsibility that influencers do not have. They have their own risks in terms of their followers’ trust, but we have a responsibility to uphold our integrity as journalists.

Kristina Cornereditor of Cointelegraph

Prediction of the week

BTC price hits 3-week low on US CPI as Bitcoin liquidates $57 million

For most of the week, Bitcoin traded sideways, slightly favoring the decline, according to Cointelegraph’s BTC Price Index. The asset, however, suffered some price volatility on October 13, in line with the September US inflation data release. Bitcoin’s price fell nearly $18,200 after the news, but then bounced back above $19,000.

In an October 13 post, pseudonymous Twitter user Il Capo of Crypto tweeted about the possibility that Bitcoin’s decline was a bear trap, noting a potential subsequent bounce to $21,000, followed by a strong decrease.

FUD of the week

OFAC and US Treasury’s FinCEN announce $29 million in enforcement action against Bittrex

Crypto exchange Bittrex is facing charges from two different US regulators: the Treasury Department’s Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN). Regulators basically alleged that Bittrex failed to perform proper due diligence on its customers and transactions between 2014 and 2018, which allowed users from sanctioned regions to use the platform. Bittrex has confirmed that it will settle with OFAC approximately $24 million, which could also be applied as a credit for its $29 million settlement owed to FinCEN. Seeking to get out of the situation, Bittrex said it was up to date with expected standards since 2018.

$100 Million Drained From Solana DeFi Mango Markets Platform, Token Plunges 52%

Mango Markets, a decentralized financial platform running on the Solana blockchain, allegedly bled approximately $100 million from its treasury through an exploit. Someone manipulated the price data of the platform’s native MNGO asset, allowing them to borrow crypto worth far more than the value of the MNGOs they pledged. MNGO suffered a price drop of around 50% after the event was announced. Later reports saw the hacker come forward, demanding a $70 million bug reward and other conditions to return the mined funds.

CNN will shut down its NFT marketplace and refund 20%

After about four months, media outlet CNN decided to terminate its non-fungible token (NFT) project, seemingly another victim of the bear market. The media company’s NFT project, known as the Vault by CNN, essentially offered token memories of historical news events spanning decades throughout CNN’s history. The project’s roadmap called for six months of development, although the outlet has since claimed the project was a “6-week experiment,” according to an announcement from the Vault by CNN Twitter account. NFT buyers will receive a 20% refund of the price they paid to mint their NFTs, according to a CNN staffer on Discord.

Best Crypto Features

Attack of the zkEVMs! Crypto’s 10x Moment

zkEVMs are launching this month and provide a path to infinite scaling for Ethereum. But who will win the race between Polygon, zkSync, Scroll and StarkWare?

Mass adoption will be terrible for crypto

From reversible transactions to increased regulation and a rising tide of censorship, mass adoption is going to make crypto more like the systems we try to escape from.

Crypto Slowdown Isn’t Just in the Macro Environment

The global economic downturn is unlikely to have a negative long-term effect on cryptocurrency prices, even if it does influence crypto in the short term.

Editorial team

Cointelegraph Magazine writers and reporters contributed to this article.

Aditya Birla Fashion and Retail launches campaign with Ranbir Kapoor, Ananya Panday

Tasva, owned by Aditya Birla Fashion and Retail Ltd (ABFRL), a brand created in collaboration with fashion designer Tarun Tahiliani, has launched a new campaign with its brand ambassadors Ranbir Kapoor and Ananya Panday.

The campaign, ‘Ek Naya Nazariya’, will be the company’s first campaign film on a multimedia platform and will be aired on television channels. Set in a wedding house, the campaign is a conversation between Ranbir Kapoor and Ananya Panday as she experiences the nervousness of marriage, imagining the life ahead as a married couple as he playfully urges her on but sincere to see each other as two best friends starting a wonderful journey. where there will be no attempt to change the other.

It was conceptualized by Ogilvy & Mather and photographed by director Shashanka Chaturvedi and photographer Tarun Khiwal. The company said it was a contemporary take on celebrations and self-expression.

“I’m thrilled to join the company as a brand ambassador. It’s amazing how the brand makes Indian celebrations and occasions so much more elegant, modern and fresh, which is also my personal style. The campaign perfectly captures today’s India and its celebrations,” Kapoor said.

Actor Ananya Panday added, “Beginning my association with the brand’s #EkNayaNazariya campaign is very special. It captures the thought of modern India in such a beautiful way.”

Tarun Tahiliani, its design director, said, “Ranbir Kapoor and Ananya Panday capture the vision perfectly. It’s a beautiful film and they light up the screen with their presence. It’s a mix of contemporary and traditional. I couldn’t be happier to see that thought come to life with our Brand Ambassadors.”

Sandeep Pal, its CEO, added: “Our first campaign film is timely to capture the festive fervor across the country. We are sure our brand ambassadors Ranbir Kapoor and Ananya Panday will create excitement. »

According to IMARC Group, India’s textile and apparel market reached a value of $151.2 billion in 2021. It expects the market to reach $344.1 billion by 2027, posting a CAGR of 14.8% in 2022-2027.

Catch all the company news and updates on Live Mint. Download the Mint News app to get daily market updates and live trade news.

More less

Prada, Zegna, OTB, More Link for Consortium on Product’s End-Of-Life – WWD

MILAN — The Italian fashion governing body’s commitment to the sustainable advancement of the sector targets another key environmental issue: the end of life of fashion products.

Six founding members of Camera Nazionale della Moda Italiana launch Re.Crea, a consortium to collectively provide solutions and best practices to manage post-consumer fashion waste, with the ultimate goal of giving it a second life through recycling .

Founding members of Re.Crea include Prada Group, Ermenegildo Zegna Group, OTB, Moncler, MaxMara Fashion Group and Dolce & Gabbana. The initiative was presented on Friday at the headquarters of Camera della Moda here.

The move follows a 2018 European Union mandate on EPR, Extended Producer Responsibility, which asks companies to take operational and financial responsibility for managing the post-consumer and end-of-life stage. life of their products in order to help respect recycling. and recovery goals.

In 2021, textile waste in Italy amounted to 480,000 tons, including 146,000 post-consumer clothes, Camera della Moda said, citing a report published by the Ministry of Ecological Transition.

The latter institution is responsible for translating the European Union’s mandate into implementing decrees, which should be published by the end of the year.

“Italy comes second after France in applying Europe’s mandate,” said Camera della Moda president Carlo Capasa, who will also serve as president of the consortium. “I think it’s great that our Italian brands have decided to ask for a collective protocol.

“Acting as a system is a testament to the ‘generosity’ of brands and an exceptionally forward-looking attitude. You can only be sustainable if the criteria are adopted collectively,” he said.

Re.Crea is open to any Camera della Moda member interested in joining. Its board of directors currently includes Sara Mariani, director of sustainability for OTB, who has been named vice-president of the consortium; Lorenzo Bertelli, Head of CSR of the Prada Group, and Edoardo Zegna, Director of Marketing, Digital and Sustainability of the Ermenegildo Zegna Group, among others.

It will also welcome companies from outside the association, provided that their annual turnover is not less than 500 million euros.

Capasa attributed the decision to ensuring that “the consortium has common goals, including research and development goals and a common cultural mindset on the [sustainability] topic.”

Among the key functions of the consortium, R&D on key solutions to sustainably manage post-consumer fashion waste will require huge investments and Re.Crea wants to ensure that any active partner can finance the operations.

The necessary investment, financed by the members, remains to be determined as it will depend on the operational scale and scope to be defined by the decrees of the Italian government.

For example, Mariani said Italy’s first waste management target should be 15% of the total post-consumer fashion waste produced each year. In comparison, France, which launched a similar program ten years ago, currently recycles around 38% of its fashion waste.

“Our brands are about the future, it’s not just about complying with laws and regulations. … We want the experience gained on the ‘second life’ of products to be shared among associates,” said Capasa. “Tackling the end-of-life of products directly can ensure that waste management operations run smoothly, so it’s also good for brand reputation.

In order to provide effective solutions, Capasa has planned that the consortium will forge links with fashion supply chain actors active in the fields of recycling and the circular economy, as well as links with companies outside the fashion system.

Asked about leaving out the bulk of textile companies, whose waste in Italy in 2021 amounted to 284,000 tons, taking into account the limit of 500 million euros, Capasa said that other associations fashion companies were planning similar initiatives.

Re.Crea will be presented in full on October 28 at the Venice Sustainable Fashion Forum organized by Camera della Moda, industry association Sistema Moda Italia and consultancy The European House – Ambrosetti.

Waldorf Astoria set to debut in Vietnam with historic signing of Waldorf Astoria Hanoi; This latest signing continues the brand’s entry into the world’s most desirable destinations and signals optimism about the future of luxury travel.

MCLEAN, Va.Waldorf Astoria Hotels and Resortsthe iconic luxury hotel brand of Hilton (NYSE: HLT), today announced its entry into the market Vietnam with the signature of Waldorf Astoria Hanoi. The hotel, owned by BRG Group and managed by Hilton, continues the brand’s entry into the world’s most desirable destinations such as sydney, Tokyo, Jakartaand Kuala Lumpur. Scheduled to open in 2025, the Waldorf Astoria Hanoi will join Hilton’s portfolio of nine other hotels and resorts opening in Vietnam In the years to come.

Nestled in the city’s beautiful historic downtown, the future Waldorf Astoria Hanoi is a conversion of the current Hilton Hanoi Opera and will offer completely redesigned accommodations in each of its 187 rooms and suites, once extensive renovations are complete.

“Hilton is committed to being wherever our guests want to be, whatever the occasion of their stay. Introducing Waldorf Astoria Hanoi, with our long-time partner BRG Groupwill offer travelers a superior luxury option in one of the Asia Pacific most searched destinations,” said Kevin JacobsChief Financial Officer and President of Global Development, Hilton.

Bringing world-class luxury to Hanoi

Honoring the brand’s commitment to culinary excellence and innovation, the luxury hotel will also feature four world-class dining concepts, including the brand’s world-renowned lounge and bar, peacock alley, a rooftop lounge and two other distinctive restaurants. Guests can also expect beautiful event spaces totaling over 1,000 square meters and lavish holistic therapies at the award-winning facility. Waldorf Astoria spa.

‘As one of the best places to travel in the world, Vietnam has received numerous international accolades and was recently crowned from Asia Flagship destination. Through our partnership with Hilton, we are confident that Waldorf Astoria Hanoi will play a major role in accelerating from vietnam picture as one of from Asia fastest-growing destinations for luxury travelers, bolstering the appeal and growth of the country’s luxury tourism sector,” said Nguyen Thi NgaPresident, BRG Group.

The Waldorf Astoria Hanoi is a short walk from the famous An old coin and Hoan Kiem Lake. It is also close to Hanoi major commercial buildings and 27 kilometres, or 40 minutes by car, from Noi Bai International Airport. Located near the main tourist attractions of the bustling capital, including the National Museum of Vietnamese History, Ba Dinh Square and Trang Tien Squarethe hotel is ideal for travelers wishing to immerse themselves in the timeless charm and rich history of the city.

‘Each Waldorf Astoria property in our global portfolio represents an icon of world-class accentuated luxury with distinctive, tasteful experiences synonymous with our brand,” said Dino Michael, Senior Vice President and Global Head of Luxury Brands, Hilton. “The opening of the Waldorf Astoria Hanoi in 2025 will be that and more, as well as another distinguished addition to our ever-expanding portfolio in the world’s most desirable destinations.

Waldorf Astoria Hotels and Resorts operates six hotels in China, Thailand and the Maldivesand will more than double its presence in Asia Pacific over the next five years.

Notes to editors:

Waldorf Astoria Hanoi will be part of Hilton Honors, the award-winning guest loyalty program for Hilton’s 18 distinct hotel brands. Members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose almost any combination of points and cash to book a stay, an exclusive discount to members and free standard Wi-Fi.

Media Contact

Geraldine Ling

Hilton- Asia Pacific

[email protected]

The Peripheral to Chapelwaite: The seven best shows to stream this week | Television & radio

Choice of the week

The ringroad

A starry and elegant adaptation of William Gibson’s novel, this sci-fi series postulates a near future in which virtual evolution has overtaken societal development. In a town in the Blue Ridge Mountains, Flynne Fisher (Chloë Grace Moretz) and her veteran brother Burton (Jack Reynor) earn enough money to care for their sick mother by playing incredibly realistic video games. But when they’re asked to beta test a new sim, set in a dark and decimated future London, things spiral completely out of control. The series’ themes of disembodiment and the inherent disinhibition of virtuality are timely, and the multiple dystopias at the heart of the story are beautifully realized.
Prime Video, starting Friday, October 21


Chapelwaite

From left to right: Sirena Gulamgaus, Jennifer Ens, Adrien Brody and Ian HoChapelwaite Chapelwaite. Photo: Chris Reardon/Epix/Sony Pictures Television

Based on Stephen King’s short story Jerusalem’s Lot, this 10-part horror stars Adrien Brody as Captain Charles Boone, a widower with a troubled family background who moves with his three children to his former ancestral home of Chapelwaite in the small, seemingly sleepy but slightly spooky town of Preacher’s Corners, Maine. The house is custom-built for creepy leaps and creepy squeaks, and there’s unfinished business here that an increasingly anxious Boone has to deal with. The drama unfolds at what is most kindly described as a majestic pace. The scares, however, are worth the wait.
Paramount+, starting Wednesday, October 19


Intensify

Ne-Yo as Sage Odom and Christina Milian as Collette Jones in Step Up.
No more drama… Ne-Yo as Sage Odom and Christina Milian as Collette Jones in Step Up. Photography: Mark Hill/Starz Entertainment

“Choose your words carefully, Mr. Odom, because Georgia is a death row state.” As we return to High Water, Atlanta’s dance school specializing in polishing the roughest diamonds, founder Sage Odom (Ne-Yo) is in trouble. He is pressured by a prosecutor to explain his role in Ernest Octavio’s death and the haters rally. Meanwhile, his business and life partner Collette Jones (Christina Milian, replacing the tragically deceased Naya Rivera) tries to keep the show on the road, while dealing with a series of increasingly unstable artists.
Lionsgate+, starting Sunday, October 16


Unspeakable

Iman Amrani in Untold: Inside the Shein Machine.
Fast fashion… Iman Amrani in Untold: Inside the Shein Machine. Photography: Zandland films

If something sounds too good to be true, it probably is. This is evidenced by the fast-fashion brand Shein which, based on Iman Imrani’s riveting but relentlessly depressing documentary, is a resounding threat to success on almost every level. Imrani hears from the brand addicts who love its cheap and cheerful clothes and the influencers who sell the products online. She also gets the goods from the company’s terribly addictive, almost coercive website, and the brutal conditions in which the clothes are made. Capitalism at its lowest.
Every 4, from Monday, October 17


Acapulco

Everyone loves Maximo… Enrique Arrizon (left) in Acapulco.
Everyone loves Maximo… Enrique Arrizon (left) in Acapulco. Photography: Cate Cameron/Apple

A second series of this cheerful bilingual (Spanish and English) drama following the adventures of Maximo (Enrique Arrizon), a cabin boy in an upscale Acapulco resort. It’s not quite a rags-to-riches story – Maximo’s life has never been so terrible in the first place – nor is it a White Lotus-style satire on the horror of super-rich. Instead, expect good-humoured scrapes and unambiguous moral lessons, carried by an engaging cast. This season, Maximo falls in love – but there’s bad news for his family that could change everything.
Apple TV+, starting Friday, October 21


from zero

Eugenio Mastrandrea as Lino Ortolano in From Scratch.
Yes chef… Eugenio Mastrandrea as Lino Ortolano in From Scratch. Photography: Aaron Epstein/Netflix

A decidedly evasive, broad-brushed, push-button love story starring Zoe Saldana as Amy Wheeler, an American college student in rural Italy who is swept away by art, the bucolic beauty of the countryside, and , above all, by Lino (Eugenio Mastrandrea), a talented and incredibly handsome chef. The couple seem set for a lifetime of romantic bliss, but soon an unpredictable health crisis leaves Lino stricken. Will Amy’s extended family be up to it? You bet. What emerges is an uplifting, if often syrupy, drama of love, sacrifice and resilience.
Netflix, starting Friday, October 21


28 haunted days

Left to right: Ray Causey, Amy Parks and Shane Pittman in 28 Haunted Days.
paranormal activity… (left to right) Ray Causey, Amy Parks and Shane Pittman in 28 Days Haunted. Picture: Netflix

“Once we step in here, we’ll never be the same again.” We’re back in the ever-entertaining world of TV’s paranormal investigator. This time it’s a marathon of screams, cowering, and night-vision cameras as three teams of so-called seekers try to spend 28 days in a seemingly haunted place (a big old house, of course). Key to the show’s success is the seriousness with which this absurd undertaking is undertaken – the contestants are clearly all massively invested in the idea of ​​the paranormal, which adds to the fun.
Netflix, starting Friday, October 21

DBGI finalizes new deal for $20 million in revenue Various acquisitions slated to close in November

AUSTIN, TX, October 13, 2022 /PRNewswire/ — Digital Brands Group, Inc. (“we”, “us”, “DBG” or the “Company”) (NASDAQ: DBGI), a curated collection of digital-focused luxury brands, today announces that the Company and Sunnyside, LLC (“Sundry”) have revised their previously disclosed definitive acquisition agreement to require less cash and equity. to complete the transaction. The Company expects the transaction to close in November.

Various highlights of the acquisition:

“We are excited about the magnitude of revenue and positive cash flow we will achieve between the combination with the acquisition of Sundry,” said Hill DavisManaging Director of DBG.

Under the terms of the revised agreement, Diverse Member Interest Holders will exchange all such interest for (i) $7.5 million in cash, (ii) $1.0 million in equity valued at the Issue Price, and (iii) $5.5 million indebted to sellers. Please refer to the company’s current report on Form 8-K as filed with the Securities and Exchange Commission to review the details and specifics of the acquisition agreement.

AAbout Digital Brands Group

We offer a wide variety of apparel across many brands, both direct to consumer and wholesale. We created a business model derived from our creation as a digitally native vertical brand. Early digital native brands are brands founded as e-commerce-focused businesses, where online sales constitute a significant percentage of net sales, although they often subsequently expand into online sales channels as well. direct wholesale or retail. Unlike typical e-commerce brands, as a digital native vertical brand, we control our own distribution, sourcing directly from our third-party manufacturers and selling directly to the end consumer. We focus on owning the customer’s “closet share” by leveraging their data and purchase history to create personalized targeted content and seek out that specific customer cohort. We have strategically grown to become an omnichannel brand offering these styles and content not only online, but also in select wholesale and retail storefronts. We believe this approach provides us with opportunities to successfully generate lifetime value (“LTV”) while increasing new customer growth.

Forward-looking statements

Certain statements included in this release are “forward-looking statements” within the meaning of federal securities laws, including statements regarding the acquisition and the ability to satisfy the closing conditions required to complete the acquisition. Forward-looking statements are made based on our expectations and beliefs regarding future events affecting DBG and therefore involve various risks and uncertainties. You can identify these statements by the fact that they use words such as “will”, “anticipate”, “estimate”, “expect”, “should” and “may” and other words and terms of similar meaning or use of the future tense. dates, however, the absence of such words or similar expressions does not mean that a statement is not forward-looking. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied by the forward-looking statements. DBG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The potential risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include, but are not limited to: (i) the risk that the transaction will not be completed at all , which could adversely affect the price of the Company’s securities, (ii) the risk that the transaction will not be completed at the end of the business combination, (iii) the non-satisfaction of the conditions for the completion of the transaction, including the adoption of the Acquisition Agreement by the shareholders of the Company, (iv) the occurrence of any event, change or other circumstance which may give rise to the termination of the Acquisition Agreement, (v) the effect of the announcement or expectation of the transaction on Sundry’s business relationships, results and operations generally, (vi) the risks that the proposed transaction will disrupt Sundry’s current plans and operations and potential difficulties retention of Sundry employees resulting from the transaction, (ix) the outcome of any legal proceedings that may be brought against the Company in connection with the Acquisition Agreement or the transaction, (vii) the ability to maintain listing of the Company’s securities on Nasdaq, (viii) the price of the Company’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which the Company operates, variations in operating performance among competitors, changes in laws and regulations affecting the Company’s business and changes in the combined capital structure, (ix) the ability to implement business plans, forecasts and other expectations after the completion of the proposed transaction, and to identify and realize additional opportunities, (x) risks arising from the generalized epidemic of a disease or any other transmitted disease issible or any other public health crisis, including the global coronavirus (COVID-19) pandemic; (xi) the level of consumer demand for apparel and accessories; disruption of the DBG distribution system; the financial strength of DBG’s customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption and volatility in global capital and credit markets and the global supply chain; (xii) DBG’s response to changing fashion trends, changing consumer preferences and changing consumer behaviors; intense competition from online retailers; manufacturing and product innovation; growing pressure on margins; DBG’s ability to implement its business strategy; (xiii) DBG’s ability to expand its wholesale and direct-to-consumer business; retail industry changes and challenges; (xiv) the ability of DBG and its suppliers to maintain the soundness and security of computer systems; the risk that DBG’s facilities and systems and those of our third-party service providers may be vulnerable and unable to anticipate or detect data security breaches and data or financial loss; (xv) DBG’s ability to properly collect, use, manage and secure consumer and employee data; (xvi) the stability of DBG’s manufacturing facilities and foreign suppliers; DBG’s suppliers’ continued use of ethical business practices; DBG’s ability to accurately forecast product demand; continuity of the members of the management of DBG; (xvii) DBG’s ability to protect trademarks and other intellectual property rights; possible impairment of goodwill and other assets; (xviii) DBG’s ability to make and integrate acquisitions; changes in tax laws and obligations; legal, regulatory, political and economic risks; (xix) adverse or unforeseen weather conditions; (xx) DBG’s indebtedness and ability to obtain financing on favorable terms; and (xxi) climate change and increased emphasis on sustainability issues. Further information about potential factors that could affect DBG’s financial results is included from time to time in DBG’s public reports filed with the SEC, including DBG’s Annual Report on Form 10-K and reports quarterly on Form 10-Q and Form 8-K. filed or furnished with the SEC.

Important information and where to find it

This document concerns a proposed transaction between the Company and Sundry. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, securities, and there will be no sale of securities in any jurisdiction in which a such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The Company intends to file a proxy statement with the SEC. This proxy circular will be sent to all shareholders of the Company. The Company has also filed and will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of the Company are urged to read the proxy statement and all other relevant documents filed or to be filed with the SEC in connection with the proposed transaction. as they become available, as they will contain important information. on the proposed transaction.

Securityholders of the Company may obtain free copies of the proxy statement/prospectus and all other relevant documents filed or to be filed with the SEC by the Company through the website operated by the SEC at ‘address www.sec.gov.

Company filings with the SEC may also be obtained free of charge from the Company’s website. here (https://ir.digitalbrandsgroup.co/sec-filings/all-sec-filings)on the SEC’s website at www.sec.gov, or upon written request to [email protected]

Participants in the solicitation

The Company and its directors and officers may be considered participants in the solicitation of proxies from shareholders of the Company in connection with the proposed transaction. You can obtain free copies of these documents as described in the preceding paragraph.

No offer or solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor does it constitute a solicitation of any vote or approval.

Digital Brands Group, Inc. Company Contact
Hill DavisCEO
E-mail: [email protected]
Phone: (800) 593-1047

Related links

https://www.digitalbrandsgroup.co

https://ir.digitalbrandsgroup.co

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Show original content:https://www.prnewswire.com/news-releases/dbgi-finalizes-new-agreement-for-20m-revenue-sundry-acquisition-scheduled-to-close-in-november-301648880.html

SOURCE Digital Brands Group, Inc.

Naomi Watts gives Drew Barrymore a menopause facial with a striped brand – WWD

Naomi Watts took to “The Drew Barrymore Show” on Tuesday to promote her new skincare line, Stripes.

The actress shared her skincare regimen with Barrymore and highlighted the products, which are for women going through perimenopause and menopause.

“It’s called the power move,” Watts said while massaging Barrymore’s face for the segment. “And it’s called that because it has some really powerful ingredients, and here we have five different hyaluronic acids, plus ectoin and squalene, which are particularly powerful because they’re great for skin hydration. menopausal or perimenopausal.”

Naomi Watts gives Drew Barrymore a facial with products from her Stripes skincare line on “The Drew Barrymore Show” on October 11

Although Stripes officially launches on October 18, this isn’t Watts’ first foray into beauty. The actress co-founded retailer Onda Beauty in 2014. When she decided to launch Stripes as a menopause beauty brand, she partnered with biotech company Amyris, which also bought Onda earlier this year.

Drew Barrymore and Naomi Watts on

Naomi Watts joins Drew Barrymore on “The Drew Barrymore Show” on October 11, 2022.

Stripes products are presented in refillable glass containers. The first collection will include 11 products ranging in price from $40 to $85 and will be available for purchase at Onda Beauty, as well as on Amazon and the brand’s website.

“Women should feel like the conversation about menopause is normal,” Watts, who is also Stripes’ chief creative officer, said in an exclusive September interview with Beauty Inc. “That should be the end of the shame and secrecy, and the start of something new and wonderful for women.

Rolex watches: Is the Covid crisis making luxury brands out of stock?

By Avinash Prabhakar

New Delhi, Oct 12 (SocialNews.XYZ) The world’s most luxurious wristwatch brand, Rolex, is sold out in the market during the current festive season. Some Rolex watch models have a waiting period of over a year. The waiting period for professional modules varies from three to six months or even a year, indicating that this year 2022 – no deliveries can be made to customers.


Rolex stainless steel, Rolex sports model, professionals – all are facing shortage in the market in recent years.

However, the shortage of this luxury brand is not particular to India, but globally there is a shortage of Rolex watches.

Meanwhile, other luxury premium brands do not face such availability issues in India and abroad.

Rolex watches are currently hard to find in outlets at an authorized dealer in the capital and the NCR. However, several reasons like the impact of Covid or a spike in demand are attributed to the shortage of this luxury brand.

While visiting the outlet of an authorized Rolex watch retailer in Delhi, an outlet manager on condition of anonymity said that even one particular module of the Rolex could be more than a year old. waiting. The authorized dealer has three outlets in Delhi and NCR, but none currently have Rolex. Even Rolex wristwatches are not available online.

Industry experts say that as the company is not mass producing the items, there is an increase in demand after the Covid period which is not being met by the company.

Industry experts note that there has been an increase in demand after the Covid era, which has led to a shortage of supply. Simply, Rolex cannot produce as many watches as the market demands, they say. However, if the demands have increased, there is only one reason why the number of people who can afford luxury watches has also increased.

“All Rolex models are assembled by hand and of course during Covid there was a crisis of workers working in the manufacturing plants which perhaps led to such a shortage of supply,” said the store manager of the Rolex outlet, adding that this shortage is not limited to India only, but globally it is having an impact.

“We have no idea when it will be restored, but the shortage has continued since the origin around the world. The brand has been unable to meet the peak of demand after the pandemic, it that’s why we are facing such problems. But for sure the shortage is due to the increase in demand,” the dealership manager said.

“During the Covid era, supply was stopped and remaining stock was the first priority for the manufacturer to dispose of. This is why we are experiencing the shortage as it is the last quarter of the year. However, we we expect the same condition for this year and the situation may improve from next year,” said another authorized Rolex outlet manager.

“It’s hard to name an exact time, but a clear turning point came in 2016 when Rolex released the Daytona 116500LN at Baselworld. The Daytona has always been an iconic timepiece that has had a special place in history and played an important role for the Rolex brand,” writes Millenary Watches, a popular luxury watch website on its portal.

“But that was further proven when Rolex released a ceramic bezel version of the Daytona, available with a white or black dial. It wasn’t necessarily exactly when the Rolex shortage started, but it was a very clear turning point. At that time, the masses started talking about the year-long waiting lists for this model, the speculations started, and the excitement grew as those who were the first to have them further increased the demand as some people showed them on the internet and on social media,” he said.

Source: IANS

Rolex watches: Is the Covid crisis making luxury brands out of stock?

About Gopi

Gopi Adusumilli is a programmer. He is editor of SocialNews.XYZ and president of AGK Fire Inc.

He enjoys designing websites, developing mobile apps and publishing topical news articles from various authenticated news sources.

As for writing, he enjoys writing about current world politics and Indian movies. His future plans include developing SocialNews.XYZ into a news website that has no bias or judgment towards any.

He can be reached at [email protected]

‘The Shop’ releases an episode with Kanye West — Andscape

In an exclusive statement to Andscape, Maverick Carter, CEO of SpringHill Company, said that a recently taped episode of The shop featuring Kanye West will not air.

“Yesterday we recorded an episode of The Shop with Kanye West. Kanye was booked weeks ago and after speaking directly to Kanye the day before the taping I thought he was capable of have a respectful discussion and that he was ready to respond to all of his recent comments.Unfortunately, he used The Shop to reiterate more extremely dangerous hate speech and stereotypes.

We have made the decision not to air this episode or any of Kanye’s remarks. While The Shop embraces thoughtful speech and dissenting opinions, we have zero tolerance for hate speech of any kind and will never allow our channels to be used to promote hate.

I take full responsibility for believing Kanye wanted a different conversation and apologize to our guests and crew. Hate speech should never have an audience.

Sources close to the production say West has doubled his recent antisemitic remarks during the episode. Other guests include shoe designer Salehe Bembury and Jeezy, with whom West collaborated on the 2008 Grammy-nominated record “put.” LeBron James was not present during the recording.

The episode from The shop is just another incident in a series of bizarre media moments for West last week. At his recent show at Paris Fashion Week, West’s decision to debut shirts with the phrase “White Lives Matter” drew immediate criticism. Sherrilyn Ifill, former president and senior counsel of the NAACP Legal Defense and Education Fund, called West’s “dangerous” rhetoric.

Sound October 6 appearance on FOX News’ Tucker Carlson tonight featured comments on abortion in the black community, being a political outsider, Lizzo’s body and, of course, his ex-wife Kim Kardashian.

West’s social media accounts were restricted after reproducing a text conversation with Sean “Diddy” Combs on Instagram (he threatened to use Diddy as “an example” for the Jewish people) – and tweeted later that he was planning to go “death con 3 on JEWISH PEOPLE”. Tuesday, got motherboard Unaired footage from West’s interview with Carlson. The unedited clips showed West continuing to make anti-Semitic remarks.

Justin Tinsley is Senior Culture Editor for Andscape. He firmly believes that “Cash Money Records takin’ ova for da ’99 and da 2000” is the most impactful statement of his generation.

Navigating between supply and demand: “the 2019 business model is redundant”

Diversifying supply chains and accommodating new manufacturing markets are some of the key ways fashion companies can reduce lingering supply uncertainty.

That’s according to Julie Holt, Global Expo Manager of International Sourcing Expo Australia (ISEA).

Talk with rag merchantHolt said the “2019 business model is redundant” after a “confluence of events” that began with the COVID-19 pandemic.

“Whether it’s shipping raw materials or labor, changing consumer behaviors around price, opportunity, and labor participation,” a- she declared.

To combat this, Holt said brands and retailers need to restructure their supply operations.

“They need to think about consolidating their operations with others or taking over internal functions, such as raw material sourcing or delivery.

“Also, smart makers should pay attention to things like the high end of manufacturing in fashion is kind of that massive capability.”

Holt said that’s because it’s often linked to international travel – “which is very low-key; is still.”

“And that could be a way for them to unlock access to new producers or provide higher value additions to mid-range lines.”

According to Holt, this is part of understanding the underlying dynamic changes in the supply market, such as the end of monetary support from governments and the need to adapt to environmental changes.

“I mean, a lot of times I deal with companies from different countries and, you know, the power goes out,” she said.

“There’s just a big risk in some of the traditional supplier countries with things like this.

Because of all of these factors, Holt said the era of sourcing from a single region is over.

“Companies have to be really adept at moving their supply markets or pivoting very quickly – which price puts a premium on decision-making, which also ties into transparency.

“So all of these things that we’ve been talking about for years have suddenly become much more important. Not just for growth, but just for sheer survival.

With supply chains continuing to be disrupted, particularly in Asia, Holt said for Australia this means streamlining product assortments and SKUs.

“Consumer values ​​are likely to shift from price to utility, or basically to the grip of the product.”

This also includes shorter lead times based on seasonality or an accelerating trend that can attract and retain buyers with more impulse purchases.

“I think product revenue and cash flow will take priority over margin. And the recovery in sourcing countries and value segments will be complicated and uneven.

Summarizing, Holt said Australian manufacturers and importers need to consider new sourcing frontiers such as Turkey and India, which she says are known for quality, manageable production and have the capacity.

New markets for Australian garment manufacturing

According to Holt, India and Turkey are set to become the new key players in the global textile sourcing market in Australia.

Starting with India, she said the country’s prospects as a major supply and apparel market are very strong.

According to India’s Ministry of Commerce, its merchandise exports to Australia in 2021-22 grew by 168%, with similar growth in the first quarter of FY23.

India’s apparel industry is also eyeing a 20% growth in exports to Australia in 2023-24. These figures can be attributed to the India-Australia Economic and Trade Cooperation Agreement (AI-ECTA) signed in April this year.

Moreover, India’s textile tradition is revered according to Holt, while providing lasting benefits to its buyers.

“They also enjoy strong access to natural raw materials, such as silk, jute and cotton, and allow it a capacity for artisanal and handmade products,” Holt said.

“They have a comparative advantage in skilled labor, as well as access to raw materials.

They also hold strength in the value chain, Holt added, from fiber to finished products, with 95% of their production being done domestically.

“The government has invested heavily in capacity growth in technical textiles, which perhaps we don’t associate so much with India,” she continued. “But this is a new area, and it will probably affect the whole textile sector.

“The other good thing for India is that they recently concluded the economic and trade agreement with Australia – they have one pending with the UK.”

Holt went on to say that India also wants to develop integrated textile and apparel manufacturing across the country.

“It’s going to really increase capacity and capabilities and I guess different kinds of benefits with access to particular ports and trade routes.”

At the launch of the International Sourcing Expo in Melbourne in November, Julie said India’s participation was about 25% higher than ever.

“They’re really, really focused on understanding the Australian market, among other things,” Holt said. “It’s a big part of the country’s exports, I guess.

“Probably smart to try to settle in a bit of China as well.”

Along with Turkey, Holt declared itself to be one of the three main suppliers to the European Union.

“They’re watching the United States a lot,” Holt revealed. “I think Australia is now a target country for them. They’re a bit of a bridge between the East/West aesthetic – they have really quality production, they have real heritage.

“I think they have a pretty mobile workforce and great design. Enough, strong enough digital economy.

She said that regarding the ISEA events, Turkey is emerging as a growing force.

“They are bringing the Istanbul Textile and Commodity Exporters Association to the fair [this year]. There are probably 12 participating Turkish companies.

“And it’s not just about small stands. I mean, they take a major footprint on the show, because they just have so much to show, and they’re very focused on Australia.

China and the transition to sustainability

With China’s current covid-zero policy, Holt said overseas manufacturing and sourcing from Australia will shift to countries with “family ties and accessibility”. These include countries like India and Turkey.

“Similarly, I think countries like Turkey, which are trying to engage in the Australian market through their trade show presence…are probably well placed to tap into the mindset of consumers,” Holt said.

These consumer mindsets, Holt continued, “have moved away from fast fashion and more toward clothes that have a positive story behind them and are likely to be more durable.”

“India and Turkey in particular are probably keen on accepting a new type of contract, and because they are also very well known for their sustainability initiatives.”

Circular fashion is a big concern for overseas manufacturers, Holt said, playing into consumer demand for sustainable fashion that she says has grown stronger than pre-pandemic sentiment.

“I think it’s the interplay of the pandemic’s disruption to commodities and consumer sentiment, with consumers now being very mindful of what they’re wearing,” Holt said.

“Environmental and social priorities are suddenly written big – they have had nominal discussions for years. Now it’s pretty central.

As for China, Holt said the pressures should ease early next year and production will resume on some scale.

“Although I think the production of the end value of the products will happen in other countries,” she said.

“[It’s] going to be more centralized, other countries that can help not just with basic capability, but I guess more security, trade routes and logistics.

“And just because there’s a whole new program of bilateral and regional trade manufacturing agreements to be signed to stockpile capacity, it’s securing the workforce across the region.”

“So I think they’re going to be the beneficiaries of the production changes.”

The Lux Collective signs the first Southeast Asian hotel management agreement in Vietnam

A one-of-a-kind complex on stilts in Vietnam

Ho Chi Minh City, Vietnam, October 10, 2022 /PRNewswire/ — Global hotel group The Lux Collective and PQ Hai Quoc Joint Stock Company have signed a hotel management agreement build a luxury resort on stilts under the LUX* Resorts & Hotels brand on the island of Phu Quoc, Vietnam. Appointed LUXNAM* Phu Quoc, the complex is located in one of from Asia most sought-after destinations and should open at the end of 2024.

“We are honored to partner with PQ Hai Quoc Joint Stock Company to manage this notnew complex on stilts located on the remote control North Coast of Phu Quocwhich is adjacent to a UNESCO listed biosphere reserve covering over 314,000 square meters of flora and fauna, evergreen forest and dense mountain range. Inspired by the iconic Maldivian-style overwater resorts, this is a first for Vietnam and the region,” said Mr. Paul JonesCEO of The Lux Collective.

“We are delighted to be the first strategic partner of The Lux Collective in South East Asia. By collaborating with the flagship luxury brand LUX*, we envision LUXNAM* Phu Quoc become one of South East Asia top luxury resort destinations with its unique over-the-water design and extraordinary experiences,” said Mr. Duy Trangeneral manager of PQ Hai Quoc Joint-stock.

“We are proud to work with The Lux Collective on the superb LUXNAM* Phu Quoc project. We are confident that this long-term strategic alliance will help promote Phu Quoc – map it as the Maldives of Vietnam – among international travellers”, said Mr. Bao VuPresident of PQ Hai Quoc Joint-stock.

One of a kind in AsiaLUXNAM* Phu Quoc is an eye-catching overwater resort on a jungle-draped island off the coast of Vietnam. Nestled between a pristine beach and tropical jungle, the dragon-shaped resort consists of two areas connected by a 4-kilometer-long jetty over the lagoon.

An unexpected resort with a modernist Maldivian style, LUXNAM* Phu Quoc sits above the shallow waters and coral reefs of the Kien Giang Biosphere Reserve. Its design inspiration comes from Vietnamese traditions reinvented with a minimalist touch. Built in harmony with nature and biodiversity, the Group’s sustainability DNA is carefully integrated throughout the resort.

Overlooking panoramic sea views, the 126-villa resort includes 109 overwater villas (most with private pools), 13 beach pool villas, 2 penthouses and 2 beachfront pool mansions. these intimate and private one to five bedroom villas and penthouses offer the elegant comfort and personalized service that characterizes LUX*. It will also include restaurants offering innovative world-class cuisine, a spa, fitness center, four swimming pools, a children’s playground and other modern facilities and amenities. With a holistic approach to well-being and conscious travel, LUXNAM* Phu Quoc is set to define the new vision of Vietnamese luxury for international travelers and discerning locals.

SOURCE The Lux Collective

Knitwear continues to dominate exports

The knitwear segment has maintained its position as the country’s leading export earner in the garment industry and among all sectors in Bangladesh.

But the journey was not easy.

In its early years, it had to navigate through a quota system and securing raw materials was not easy as imports were the only option. He now faces growing challenges brought on by the coronavirus pandemic and Russia’s war in Ukraine.

The knitwear segment first overtook the woven sub-sector in fiscal year 2007-08 and held pole position until 2010-11.

Woven overtook the knit segment in 2011-12 and the dominance continued through 2019-20.

In 2020-21, knits overtook weaves and took back the glory. And it continued in the last fiscal year and brought in $23.21 billion, compared to $19.40 billion for the fabric.

Mainly local clothing suppliers attributed the change in fashion and style globally to the continued success of the knitwear sector

Even from July to September, the first quarter of the current fiscal year when overall export earnings showed a downward trend, the knitwear segment grew 9.40% year-on-year to 5.64 billions of dollars due to high demand amid the raging war and unprecedented growth. inflation in the euro area and the United States.

Mainly local clothing suppliers attributed the change in fashion and style globally to the continued success of the knitwear sector.

Fast fashion and casual dress have increased the use of knitwear over the past decade. Nowadays, even executives wear casual dresses in the office instead of formal outfits. Both knits and functional sportswear are used as dresses for formal events around the world.

Fashion connoisseurs prefer knitted items because they are comfortable and easy to wash. In addition, product diversification has taken place within the segment.

When Covid-19 brought the whole world to a screeching halt and severely damaged the global supply chain and businesses hit rock bottom, the country’s knitwear industry put on a surprisingly good show as Bangladesh has continued to supply clothing items to the world amid the raging flu. .

The segment also suffered damage.

The slowdown in knitwear shipping was first noticed in March 2020, when profits were a measly $1.05 billion. It fell again in April, to $180.2 million.

But it rebounded the following month as exporters clawed back $608.38 million as people were forced to spend more time indoors to avoid catching the deadly virus. Revenue soared to $1.16 billion in June.

“It was surprising that the demand for knitwear started to climb even during Covid-19 when the global supply chain came to a standstill. In fact, the export of knitwear continued to rise,” said Md Fazlul Hoque, Managing Director of Plummy Fashions, a Narayanganj-based Knitwear Exporter.

“Usage of knitwear has increased as consumers spend more time at home. During their long stay indoors, Western consumers primarily use T-shirts.”

Historically, the hosiery sector was cared for in Bangladesh due to the quota system which started in the late 1970s and was in place until 2004.

At first, knitwear manufacturers, especially those based in Narayanganj, shipped knitwear as the European Union granted the possibility of a loose and less cumbersome quota system. Thus, a strong market has been created for local knitwear.

In fact, Bangladesh made the most of the quota system, sowing the seeds for today’s gigantic knitting industry.

The EU and other developing and developed countries later relaxed rules of origin for knitwear, allowing least-developed countries such as Bangladesh to qualify for the Generalized System of Preferences in the bloc. trade even if imported cotton and yarn are used to ship exports. – oriented goods.

This has prompted knitwear producers to invest a lot of money in the sector and expand their manufacturing prowess.

Subsequently, entrepreneurs also pumped in money to produce yarn and other raw materials for the hosiery industry.

Currently, nearly 90% of raw materials are sourced locally, reducing reliance on China, a major feat for the industry as it has more than halved delivery time.

Even five years ago, the United States was not a major market for knitwear manufacturers.

“Today the United States has become a major export destination for us,” Hoque said.

Three years ago, the export of knitwear from its factory to the United States was almost nil while the world’s largest economy is now its biggest buyer.

Mohammad Hatem, executive chairman of the Bangladesh Knitwear Manufacturers and Exporters Association, said demand for knitwear has not declined despite higher inflation in the euro zone and the United States.

Competitive pricing is a major factor in Bangladesh’s success in the knitwear industry.

“The export of knitwear has been steadily increasing and the momentum will also continue in the future,” Hatem said.

Faruque Hassan, chairman of the Bangladesh Garment Manufacturers and Exporters Association, expects knitwear’s dominance in exports to continue in the coming years as raw materials are readily available and demand of casual wear has boosted the demand for knitted products.

Currently, over 1,200 knitting factories are operating in Bangladesh, employing over 14.50 lakh.

Apparel exports to the United States increased by 53.54% in the first eight months of 2022

In the first eight months (January to August) of 2022, Bangladesh continues to increase its garment exports to the United States, which remains its main export market.

According to the most recent data from the Department of Commerce’s Office of Textiles and Apparel (Otexa), Bangladeshi garment manufacturers shipped garments worth $6.64 billion, up 53.54 % compared to $4.32 billion in the same period of 2021.

Securing the third position, Bangladesh holds a 9.42% share of the North American country’s apparel market.

However, manufacturers in the country said there was a two-month gap in the release of Otexa’s data and that the global situation is a change due to economic turmoil, inflationary pressures and other issues that have resulted in lower orders which were negative. growth since September and could continue in the months to come.

In September, Bangladesh’s apparel exports to its global destinations registered a negative growth of 7.52%, following a 13-month streak of positive growth.

However, according to Otexa data, over the same period, overall apparel imports into the United States reached $69.27 billion, noting a 37.35% year-over-year increase. , compared to $50.43 billion from January to August 2021.

The data also showed that the United States’ one-month apparel export revenue in August reached $928.56 million, up from $626.25 million in the same month last year.

However, August apparel export earnings made a robust comeback from July ($693.33 million), the lowest since March 2022.

According to Otexa data, Bangladesh earned $755.94 million in January, $688.47 million in February, $1.03 billion in March, $820.52 million in April, $815 million dollars in May, $906 million in June and $693.22 million in July of this year.

According to the manufacturers, purchase orders have dropped significantly by almost 30% in the past few months due to the current geopolitical crisis, the energy crisis and global inflation.

Big brands like Walmart and GAP have postponed global orders due to overstocking of their products, manufacturers said.

Main actors

According to the data, China and Vietnam respectively occupied the first and second highest positions in the US market in August 2022.

US apparel imports from China during January-August 2022 grew by 37.17% to $15.55 billion from $11.33 billion during the same period of 2021, proclaiming the first position with a market share of 23.72%.

Vietnam exported clothing items worth $12.80 billion in January-August 2022, registering a growth of 33.62% from $9.58 billion in the same period of the year. last year, claiming a market share of 17.52%, which puts them in second position.

India secured the fourth position by exporting wearables worth $4.16 billion, registering a growth of 56.9% from $2.65 billion in the first eight months of 2022 with a market share of 5.68%.

US RMG imports from Indonesia in January-August 2022 increased by 56.47% to $3.91 billion while imports from Cambodia increased by 51.64% to 3, 04 billion during the same period, making it the fifth and sixth, with a market share of 5.54% and 4.41%, respectively.

Speaking to Dhaka Tribune, Shahidullah Azim, vice president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said those orders were placed earlier.

“We received a lot of orders earlier due to the trade wars between China and the United States, the Covid-19 lockdown and high production costs in Vietnam. But this year we are affected by war and global inflation,” he said, adding that work orders had fallen by 30% or more.

He also said that they should not just depend on the European or North American market, but rather find new markets.

East Asia, Middle East, India, etc. are big markets for clothes and the impact of the geopolitical crisis is also lower there, Azim also said, adding that they must penetrate these markets and that growth must be maintained at all costs.

However, manufacturers fear that since the number of orders has fallen, growth in September, October and November is also likely to be negative.

BGMEA Director Mohiuddin Rubel said the upward trend may not continue in the fourth quarter of 2022 due to inflation at historic lows, a Fed rate hike, a slower economic growth than projected and an anticipated recession.

In addition, unusually long summers can also affect the range of winter clothing.

“However, we observed that total exports from Bangladesh maintained significant growth through August 2022, which means that US imports from Bangladesh may remain on a positive trend through September,” he said. he adds.

In 2021, Bangladesh exported clothing items worth $7.14 billion to the United States.

Amazon Sale: Amazon Sale Today: Enjoy Up To 80% Off Home Decor Items

Amazon Great Indian Sale 2022 works successfully with all drums and reels. The sale covered nearly every product category – electronics, major appliances, laptops, smartphones, accessories, fashion, and more. It offers trendy decorative items at a considerably reduced price. You can enjoy up to 80% off home decor items during this festive Amazon sale season. From contemporary bronze metal Buddha paintings, sheer curtains to soft linens, all home décor items are available at great value prices. So, to help you choose the best decor item for your home, we’ve shared some of the best deals in the Home Decor category below.

Best Amazon Deals on Home Decor Items

This Amazon Diwali sale offers a wide range of beautiful collections from top brands, free delivery on your first order and additional savings of up to 15% with coupons on selected products. Amazon claims this is the lowest price of the year. Let us check out Amazon sale deals on home decor items.

Up to 65% off LED bulbs, smart lights and more

Team product line

Up To 59% Off Everyday Home Products

Everyday home productsTeam product line

Up to 58% off blankets and duvets

Blankets and comfortersTeam product line

Up To 72% Off Top Home Picks

Top picks for the homeTeam product line

Explore more categories on sheets.

  • Double bed sheets from Rs 199 only.
Double sheetsTeam product line

  • Drapes start at Rs 169.
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  • Idols and figurines from just Rs 49.
Idols and figurinesTeam product line

For complete information on Amazon’s sale on home décor items, click here.

FAQ: Amazon Sale Deals on Home Decor Items

Q1. What discount is available on sheets during the Indian Grand Festival Sale?

Rep. Amazon has offered up to 65% off best-selling sheets during the big Indian festival sale.

Q2. Can I get discounts on LED bulbs during the Amazon sale?

Rep. There’s up to 65% off LED bulbs, smart lights, and more during the Amazon sale.

Q3. Is the Amazon Sale discount applicable on bath towels?

Rep. Amazon Sale has covered almost all product categories of the Great Indian Festival Sale 2022. Check Amazon homepage for more details.

Disclaimer: The content above is non-editorial and produced by a third-party advertiser. Times Internet Limited/Economic Times does not guarantee, endorse or endorse the content or its authenticity. The prices of the products mentioned in the article are likely to change, in particular according to the offers offered by Amazon.

Ready-to-drink spirits products will generate $11.6 billion in growth over the next five years

There is no ready-to-drink (RTD) category slowdown. A new report from IWSR, a global leader in alcoholic beverage data and analytics, notes that the value of the category will increase by an additional $11.6 billion over the next five years.

The category’s massive growth is driven by consumer demand for more premium RTD products – within the category, value growth outpaces volume growth by 8% vs. 5%. This is largely due to new entries of spirits-based offerings and expansions of well-known premium brands. Flying Embers, Diddy’s Ciroc extension, William Grant’s bottled cocktails – all very attractive alternatives to standard hard seltzers.

In volume, the category is expected to grow by 24% over the past five years. It is significant, but moderate compared to previous years. (It’s understandable, because the last two or three years have seen a massive influx of brands trying to ride the wave of hard seltzer.)

The US still has the strongest volumes and growth, although the IWSR expects this to temper as hard seltzer continues to lose momentum.

But the category still keeps its promises. Spirits-based RTDs – particularly vodka options – are driving innovation, with 45% of category volume credited to this sub-category. This category of canned cocktails — think mini old fashioneds, mojitos, negronis, and more, as well as gin and tonics — is driving the biggest growth in the category.

The IWSR expects spirits-based RTD volumes to surpass hard seltzer by 2025. Cocktails are expected to make up 26% of the total category, compared to 20% for hard seltzer.

“American consumers have become accustomed to the convenience and variety offered by RTDs, which has increasingly led people to opt for spirit-based cocktails. This reflects the general trend of premiumization of spirits in United States and the popularity of cocktails made at the bar,” says Brandy Rand, chef

Head of Strategy at IWSR Drinks Market Analysis. “As a result, the hard seltzer volume should now

decline after hitting all-time highs, which will lead to more moderate levels of growth across the RTD

Category.”

The studio foresees growth in ten target markets: Australia, Brazil, Canada, China, Germany, Japan, Mexico, South Africa, United Kingdom and United States.

“With the RTD category firmly established and competition at an all-time high, brand owners continue to

focus on innovative products and brand extensions or partnerships to increase awareness and

Distribution. The RTD innovation that IWSR follows year by year clearly shows a fast pace of production

processing to meet consumer demand,” says Rand. “There is no single dominant type of RTD globally, which puts the category in a unique position to capitalize on local tastes and trends.”

Digging into the demographics, the report pulled up some interesting insights. 50% of consumers are influencers to buy RTDs from a well-known brand, although local product RTDs are also highly valued. Celebrity-backed brands rank lowest in terms of influence.

And, RTDs continue to drive customers away from beer – consumers will pay double for the same serving size from an RTD.

‘GMA’ Hispanic Heritage Month Inspiration List 2022: Celebrating Latino Entrepreneurs

ABC News Photo Illustration, Yamile Meza

This is an illustration for the Good Morning America inspiration list

Dollmaker creates handmade dolls inspired by Latin culture

When Yamile Meza made her first doll seven years ago, little did she know her talent would lead to a thriving business making handcrafted dolls that celebrates her Mexican heritage, as well as her mother.

Meza told “Good Morning America” ​​that she always wanted to be independent and that as a graphic designer she was always driven by a sense of creativity and her love for her culture, feelings nurtured from her young age by his mother. , who died when Meza was only 16 years old.

“I attribute my cunning to [my mother]using materials and making something out of a bunch of stuff that you wouldn’t have imagined you could make,” Meza said.

Meza decided to make her first doll for a client as part of a marketing project. It took her three days, and when she delivered the doll, the customer expressed her disbelief that Meza had made it herself and told Meza that her daughters would love it.

At the time, Meza thought the dolls would “make wonderful gifts,” so she started buying supplies and making dolls to give to friends and family. But soon she realized that people were interested in buying her dolls and even requested custom orders for holidays like Christmas and Halloween, as well as special occasions like graduations and baby showers. .

Meza said that as a child she never saw herself portrayed in dolls. Now she makes special, custom dolls for children across the United States and beyond through her company, Alfie Doll.

“A child needs to see themselves in what they are holding,” she said.

Meza said she also strives to celebrate her Mexican American heritage through dolls – from Catrina dolls (or skeleton dolls with traditional “sugar skull” faces) to celebrate Día de los Muertos, to Frida Kahlo dolls. and Mexican-themed mermaids, a fascination she had as a child.

Meza said Alfie Doll is “a celebration of both my parents” but especially his mother.

“I remember she was so proud of her roots,” Meza said. “When I can make these dolls, these Mexican dolls, I kind of celebrate her.”

PHOTO: This is an illustration for the Good Morning America inspiration list

ABC News Photo Illustration, Joanis Duran

This is an illustration for the Good Morning America inspiration list

Afro-Latina designer champions queer voices in fashion and community

The future of inclusive and sustainable fashion is rooted in Miami, Florida.

Kalani + Wolf founder Joanis Duran has unabashedly addressed inequalities faced by the BIPOC, LGBTQ+, immigrant, and Afro-Latina communities since launching the clothing company in 2017.

Duran is originally from the Hatillo San Lorenzo neighborhood in Santiago de los Caballeros, Dominican Republic, but grew up in South Florida.

To empower diverse entrepreneurs, Duran is developing the only queer and Afro-Latina retail space in Miami designated for BIPOC, LGBTQ+, and allied brands to thrive alongside his own business, which also promotes sustainability and respectful practices. the environment.

“After extensive research, we found that local retailers lacked authenticity, values ​​and knowledge of the needs of our communities,” Duran wrote on a crowdfunding site for space, which will also provide community resources. sustainability and opportunities for well-being.

“These retailers had no desire to provide sustainable services to our BIPOC and LGBTQ+ families. That’s why our mission is to share our space with authentic BIPOC and Queer designers who can meaningfully contribute to our movement and educate people. retailers who aren’t on the same wavelength, yet.”

Through these crowdfunding efforts and grants, Duran and his team have already raised $9,165 of their overall goal of $25,000.

“At the end of the day, it takes a village to make change happen,” she told “Good Morning America.” “We don’t sit back and wait for others outside of the community to make changes. No, we’re 100% shameless.”

Duran also uses her clothing business to empower her diverse customer base. The Kalani + Wolf mantra, “never apologize, never conform,” encourages consumers to fall in love with authenticity. Each handmade creation is a unique and bold statement.

Her latest release pays homage to her grandmother, “Mama Negrita”. The slogan “Negra y Bendecida”, printed on new crew-neck sweaters and streetwear, is inspired by characteristics such as the skin and the vibrant copper curls that she proudly inherited from her grandmother.

“It makes me so proud,” she said. “At the end of the day, it’s a blessing to have our skin color. You try to use our skin color against us, it’s not going to happen.”

PHOTO: This is an illustration for the Good Morning America inspiration list

ABC News Photo Illustration, Gabriel Herrera

This is an illustration for the Good Morning America inspiration list

Sisters supercharge parents’ quinceañera dress shop using TikTok

Sister Gipsy and Gelssy Rodriquez of Anaheim, Calif., have been frequenting their parents’ quinceañera dress shop, Moda2000, for as long as they can remember.

Gelssy Rodriguez, 23, remembers helping out in the store from the age of 8, phoning customers and even submitting a “sales report” to her parents at the end of the day.

Gina Rodriguez and her husband Jorge originally founded Moda2000 as a women’s casual clothing boutique in 1990 after immigrating to the United States from Guerrero, Mexico. The boutique turned to quinceañera fashion 15 years ago, when Gina Rodriguez wanted to personalize the process of shopping for a quinceañera dress. In Latin culture, a quinceañera is the celebration of a girl’s 15th birthday, which traditionally marks the transition from childhood to womanhood.

Rebranding the store was a financial risk for the Rodriquez family, as they essentially needed to rebuild Moda2000’s inventory and customer base from scratch. In 2015, they said they sold their house and moved into the store, where they lived for three years.

The sisters also ended up taking on more responsibilities, including building Moda2000’s social media presence.

They taught themselves social media strategy through “trial and error,” Gipsy Rodriguez said, posting clips of their dresses first on YouTube and Instagram, then on TikTok.

“We kind of just posted a video not knowing what was going to happen,” Gipsy Rodriguez said. “TikTok was new then…and we posted and went to dinner that night and our phones were exploding, like buzzing and buzzing.”

Their first TikTok – which now has 1.4 million likes – drove 10,000 followers to their newly created account overnight, they said.

Currently, the store has over 3.3 million followers on TikTok, 245,000 followers on Instagram, and even has its own YouTube show, “Quince Empire.”

Going viral changed the business in ways the Rodriguez family never could have imagined, and in 2018 the sisters, who are now brand creative director and store operations director, were able to surprise their family with an apartment and help them move. the shop.

Today, quinceañeras – the term for a girl celebrating a quince – travel from all over to be incorporated into one of Moda2000’s designs, they said. For the whole family, growing Moda2000 felt representative of the “American Dream.”

“My parents literally started with $0 from anybody else, and to this day we haven’t taken any outside capital or anything like that,” Gelssy Rodriguez said. “And not only did they make such a successful business, but they also impacted the industry that we’re in and made us industry leaders.”

Above all, she says, their success reinforces a positive message about Latino-owned businesses.

“It’s something we’re very proud of,” she said.

Reporting, production and writing by ABC News’ Briana Alvarado, Caterina Andreano, Faith Bernstein, Sabina Ghebremedhin, Caroline Kucera, Will Linendoll, Joel Lyons, Asher May-Corsini, Shannon Mclellan, Claire Peltier, Kendall Ross, Lauren Sher, Melanie Schmitz , Nidhi Singh, Elisa Tang, Haley Yamada, Jacqueline Laurean Yates, Yi-Jin Yu, Deena Zaru.

Design and graphics by Luis Yordan, Suzanne Dacunto, Dani Grandison, Donald Pearsall, Katrina Stapleton and Andrew Van Wickler.

FirstFT: Elon Musk makes another U-turn

Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe/Africa Where Americas edition to send it straight to your inbox every morning of the week

Elon Musk has offered to buy Twitter for the originally agreed price of $44 billion, which could end one of the companies’ most high-profile legal battles in decades.

The Tesla chief sent a letter to Twitter late Monday offering to pursue the deal, less than two weeks before the two sides are due in Delaware Chancery Court.

According to a regulatory filing on Tuesday, Musk’s lawyers said in the letter that the contractor intends to close the deal at the previously agreed price of $54.20 per share, once debt financing is received. , provided that the court stays the lawsuit and adjourns the pending trial. and related procedures.

“The Musk parties provide this notice without admission of liability and without waiver or prejudice to any of their rights,” the letter reads.

In a statement, a Twitter spokesperson acknowledged receiving the letter and said the “Company’s intention is to complete the transaction at $54.20 per share.”

Follow the latest on the Twitter deals saga here.

Do you think Twitter should go ahead with the deal? Email your thoughts to [email protected] or reply to this email. Here’s the rest of today’s news — Emily

1. US to impose export controls on Chinese chipmakers The US Department of Commerce is preparing to introduce tough export controls in a bid to slow Chinese efforts to obtain semiconductors and chipmaking equipment for supercomputers and other military-related applications . According to those familiar with the situation, the restrictions would essentially prevent American companies from selling cutting-edge technologies to Chinese groups.

2. North Korea fires a ballistic missile over Japan The launch from Pyongyang over Japan, the first since 2017, has prompted public emergency alerts amid a surge in provocations from North Korea. Officials in Seoul and Tokyo said the missile was launched from North Korea’s Jagang province early yesterday and fell outside Japan’s exclusive economic zone, which extends 200 nautical miles from the coast.

3. Dalio hands over the reins to Bridgewater Ray Dalio, 73, the billionaire founder of hedge fund Bridgewater Associates, relinquished control of the company, ending a long power transition that had come to define the industry’s succession issues. Dalio will remain on the board as founder and CIO mentor.

4. RBA sees lower than expected rate hike Australia’s central bank’s 0.25 percentage point interest rate hike came as most analysts expected the Reserve Bank of Australia to deliver a fourth straight 50-point hike. basis points. The country’s benchmark, the S&P/ASX 200, rose on news of a smaller rise.

5. Naver shares plummet after Poshmark acquisition Shares of South Korea’s biggest internet group Naver fell yesterday after announcing a $1.2 billion deal to buy US clothing retailer Poshmark as it enters the booming market for second-hand fashion. The deal is Naver’s biggest acquisition and its first foray into Silicon Valley.

The day ahead

OPEC+ meets Riyadh, Moscow and other producers are expected to announce deep cuts at an Opec+ cartel meeting today, according to people familiar with the talks.

Indian Home Minister’s visit to Kashmir region Indian Home Minister Amit Shah is due to speak at a rally in Indian-administered Kashmir today. The visit comes in the middle growing tensions in the region. (Indian Express)

conservative conference British Prime Minister Liz Truss will deliver the closing speech at her party’s annual conference in Birmingham.

What else we read

Real estate crash in China What started as a real estate crisis – with plummeting apartment sales and developer defaults – is turning into a financial crisis for local governments. Read the first part of a new series examining the impact of the brewing crisis in the world’s second largest economy.

  • Opinion: Xi Jinping will soon be confirmed for a third term as Communist Party general secretary and army chief. But its realization is dangerous for China and the world, writes Martin Wolf.

Japan Takes Steps to Close Asia’s Energy Financing Gap Japan stands ready to exploit a sharp decline in Chinese overseas lending by helping Asia-Pacific countries meet the $40 billion cost of tackling climate change. Tokyo’s effort to take the lead in shaping rules for green finance in Asia is part of a global debate over how quickly countries should switch to cleaner forms of energy.

What nuclear weapons could Putin use against Ukraine? It has been called the biggest nuclear threat to global security since the Cuban Missile Crisis of 1962: As Vladimir Putin seeks to salvage his invasion of Ukraine, the Russian president has stepped up his threats to use nuclear weapons. This is what we know about nuclear weapons that Putin might be tempted to use.

The quiet rise of Chinese high-tech start-ups Following a brutal regulatory attack by Beijing on its internet giants and a series of US sanctions against Chinese tech companies, many investors have limited their exposure to Chinese technology. But foreign capital continues to flow into high-tech sectors.

How big is the capital hole at Credit Suisse? The cost of buying insurance against Credit Suisse’s default on its debt soared to a record high yesterday as analysts and investors questioned the strength of the Swiss bank’s balance sheet. How big is the capital hole in the bank? Our journalists are investigating.

Food and drink

Our FT Globetrotter guide shares where to feast on regional flavors of Japan – without leaving Tokyo. Let the capital take you on a cross-country culinary journey, sampling everything from the northern ‘curry soup’ to the far south’s specialty spam and tofu.

Thanks for reading and don’t forget you can add FirstFT to myFT. You can also choose to receive a FirstFT push notification every morning on the app. Send your recommendations and feedback to [email protected]

The Climate Chart: Explained — Understand the most important climate data of the week. Register here

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Easy availability of flavored cigarettes promotes premium

NEWARK, Del, Oct. 04, 2022 (GLOBE NEWSWIRE) — The global premium cigarette market is expected to reach a value of US$20,330.2 million in 2032, with the market growing at a positive CAGR of 6, 8% from 2022 to 2032. Predicted to reach approximately US$10,530 million by the end of 2022, the premium cigarette market is driven by consumers’ desire to spend more on their smoking habit, the desire to smoke better quality cigarettes and the ready availability of high quality cigarettes. for curious smokers. An increase in the number of female smokers will further complement the growth of the premium cigarette market over the forecast period.

A powerful distribution network of cigarette manufacturers coupled with the immense popularity of flavored cigarettes is driving the growth of the premium cigarette market. Over the past five years, the demand for cigarettes has increased mainly due to the introduction of flavored variants of cigarettes.

The market has seen a huge shift in terms of collaborations based on new materials, machine compatibility and sustainable product developments. In addition, the release of new cigarette brands and its subsequent performance depends on the sales of cigarettes in convenience stores. All these considerations are expected to have a positive impact on the overall outlook of the premium cigarette market in the coming years.

For sample copy visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13231

In order to boost sales, many market players are using organic, natural and additive-free tobacco labels, which is driving the sales of premium cigarettes. In addition, tobacco growers are also increasing their investments in organic farming methods to improve crop yields. This factor, combined with the growing inclination of smokers for cigars and cigarettes produced from organic tobacco, creates an opportunity in the premium cigarette market.

Additionally, the introduction of premium brands with menthol capsules is further increasing sales in the market. These capsules add a menthol flavor to cigarettes, which enhances the tobacco blend. Premium cigarettes with flavored capsules are very popular among young people due to the novelty of smoking flavored cigarettes. All these factors favor the growth of the market over the forecast period.

“The growing popularity of cigars and cigarettes produced from organic tobacco will fuel the growth of the premium cigarette market over the forecast period,” says an IMF analyst.

Key points to remember:

  • Rising awareness about the harmful effects of smoking cessation and drug addiction programs will hamper the growth of the market.
  • In 2022, North America will account for 19.3% of the global market share.
  • The premium cigarette market in Europe will hold around 21.4% of the overall market share.
  • China will present many lucrative opportunities to the target market during the forecast period.

Report customization [email protected] https://www.futuremarketinsights.com/customization-available/rep-gb-13231

Competitive landscape

Reynolds American, Inc., Parliament Hybrid, ITG Brands LLC, JTI-Macdonald Corp., British American Tobacco PLC, Philip Morris USA Inc., The Nat Sherman Company, Gallaher Group, Imperial Tobacco Group, RJ Reynolds Tobacco Company, The Chancellor Tobacco Company, China Tobacco, Thailand Tobacco Monopoly and Joh. Wilh. of Eicken GmbH, among others, are some of the major premium cigarette market players profiled in the comprehensive version of the report.

The major players in the market are focusing on product innovations, design and improvement of distribution channels to expand their reach and strength in the market. These companies are eager to develop and launch products to gain competitive advantage.

More information about the Premium Cigarettes market report

According to the latest IMF reports, based on the region, the premium cigarette market in Europe and North America will show considerable growth during the forecast period. These two regions will account for a considerable share – 21.4% and 19.3% respectively – of the global market share in 2022. In terms of countries, China is expected to lead the market while accounting for a third of the total number of smokers in the world. Thus, all these regions are driving the growth of the market over the forecast period.

Browse report @ https://www.futuremarketinsights.com/reports/luxury-cigarette-market

Key Segments Covered in the Premium Cigarettes Industry Analysis

By product type:

By format:

  • Thin
  • Very slim
  • Big size
  • Usual

By sales channel:

  • Specialty stores
  • Multi-brand stores
  • Independent tobacconists
  • Online retailers
  • Others

Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

Get Table of [email protected] https://www.futuremarketinsights.com/toc/rep-gb-13231

Explore related ongoing IMF coverage at Consumer products area

Premium Wine Cooler Market Size: The premium wine cooler market size will exceed US$660.5 million in 2021. Between 2021 and 2031, the market is expected to grow at a compound annual growth rate (CAGR ) by 6.3%.

Hammock Market Share: The hammock market is expected to maintain the global market at a moderate CAGR of around 6% during the forecast period.

Bird Cages and Accessories Market Trends: The bird cages and accessories market is estimated to be worth US$2.5 billion in 2022 and is expected to reach US$4.1 billion by 2032.

Pet Apparel Market Growth: Pet Apparel Market is estimated to be worth USD 5.1 billion in 2022 and is expected to reach USD 7.0 billion by 2032

Vaporizers Market Analysis: The vaporizers market is expected to maintain the global market at a moderate CAGR of around 28% during the forecast period.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR certified business consulting and market research firm, member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. Recipient of the 2022 Clutch Leaders Award for high customer score (4.9/5), we have partnered with global companies on their business transformation journey and helped them realize their business ambitions. 80% of the Forbes 1000 largest companies are our clients. We serve global clients across all leading and niche market segments in all major industries.

Contact We:

Future Market Outlook Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
Such. : +1-845-579-5705
For sales inquiries: [email protected]

Skims, Rothy’s and Birthdate Co.: product releases this week

There are a ton of great products coming out every week – and we’re here, as always, to keep you up to date with the best ones. Each week, we’ll pull together a short list of our favorite products from the last seven days for you to shop while sipping your morning coffee or taking a quick break from work (trust it, it’s the only list you need to stay up to date on these things).

This week brings the launch of winter outerwear from Hill House Home (expect ruffled puffer jackets), a trio of new bra lines from Skims and customizable placemats from Letterfolk.

Shop our favorite new arrivals below, but be quick, they may sell out.

Skims, Kim Kardashian’s shapewear, loungewear and underwear empire, has just added new bras to the lineup after three years of fit-focused R&D, each with a particular purpose. There’s the Naked collection for a bralette feel with a bra; the Weightless collection for clever padding without bulk; and the silky No Show collection for a no-bra look under clothes. Colorways include Skims’ line of signature neutrals and a range of sizes, and they’re available from $44 – but some sizes are already starting to sell out.

Athleta’s Look Capsule and Ritual Intimates

A collection of 8 pieces that mix and match, plus new bras

athlete look capsule

For those of us who like to keep our wardrobes simple, Athleta literally has you covered: the sportswear company has just released an eight-piece capsule collection that mixes and matches for 20 looks different. The garments are made for your street looks but feature fabrics from Athleta’s training wear so they’re comfortable and practical for whatever happens during the day. You can shop the pieces, including the Ascent Seamless Turtleneck, Whisper Featherless Long Vest, and Delancey Dress in complementary colors, online now.

That’s not all Athleta has come up with lately: there’s also Rituals, Athleta’s new underwear line that features bras and underwear that double as base layers. practical and come in a quartet of shades (black, almost white lavender, hot pink and dark teal) to start the day.

underlined rothys

Rothys

Rothy just released two new pairs of sneakers that are perfect for anchoring any fall wardrobe – and they’re designed to be unisex, durable (they’re both 100% recycled and 100% recyclable), and wearable with anything (check out these minimalist styles). The RS02 ($149) is the lace-up version in bone, navy, pink and wheat, and the City Slip-On ($119) is a classic look available in white as well as the other colors. They are also machine washable, which means they stay in pristine condition for longer. (Tip: If you have a wider foot, the RS02 is a bit wider; if you have a medium width but still want it, try going down a half size.)

A shoe and apparel capsule with all the 90s vibes you need

lisa says gah x vans

Lisa Says Gah, a 90s-loving apparel company, and iconic sneaker maker Vans just launched a footwear and apparel collaboration that combines sneaker styles you grew up with/still love with an aesthetic vintage. The collection, which starts at $49.50, includes Mary Jane-style sneakers with kelly green trim and Vans Old Skools with green accents as well as pale pink and oxblood (Slip-Ons are also redesigned in burgundy). There’s also a 90s-inspired baby t-shirt and a loose-fitting unisex t-shirt to top it all off.

Quilted coats and ruffled down jackets with a lot of zhuzh

hill house outerwear

Hill House Home has just launched an outerwear line that has the same innocently maximalist Laura Ashley vibes as the rest of the collection, whether you’re looking for a long quilted A-line bed-jacket-y coat in lilac or a puffer jacket. ruffled jacket – as well as non-ruffled down jacket options in fun prints and reversible looks and a shorter quilted jacket. This includes the brand’s first line of technical down jackets as well as two quilted winter coats.

The style site seizes the famous boots of the shoe brand

sperry x who what to wear

Sperry and Who What Wear have teamed up for a collaboration that will help us prepare for the colder days ahead: a fashionable take on Sperry’s classic Duck Float boots. While Sperry may be famous for these and their boat shoes, the Who What Wear editorial team came to co-design a pair of zip-up winter boots. The result? Sperry’s Duck Float boots get a new twist with a full leather upper with a zip front and leather linings (they’re not so much weather-proof as they are good-day wear, though).

reform cashmere

Reformation has been hard at work this season with a ton of drops over the past month, and it’s closing out September with the launch of its new “near perfect” 90/10 Cashmere line. 90/10 is the brand’s most sustainable cashmere to date and features 90% post-industrial recycled cashmere combined with 10% good cashmere. Silhouettes are far from simply crew-neck or v-neck – expect collared cardigans, cropped shapes and sleek, figure-hugging dresses.

Also new? New casual pants perfect for fall (and to pair with your new cashmere), plus a vintage collection with a ton of great pieces from the 90s and 2000s, including John Galliano’s crochet, denim, lace and cashmere , Missoni, D&G, YSL and more.

Stimulate hair growth and encourage fullness with this unique drop

necessary scalp serum

Necessaire’s new scalp serum is a daily drop of goodness for your scalp: it contains a 5% blend of biomimetic peptides at a clinically proven concentration strong enough to prevent hair loss and support hair growth. The formula feels clean on the scalp – it doesn’t leave a greasy feeling – so your post-shampoo mood isn’t ruined. (And it literally takes four seconds, so it’s not even extra time in your morning routine.) Buy it individually for $58 or as part of a set with the brand’s excellent shampoo and conditioner for $75.

Candle Tarot Birthdate Co.

An amber-scented candle with a surprise reveal – and it’s on sale

date of birth co tarot candle

Date of birth company.

Birthdate’s candles have been attracting people who love their home fragrances with a touch of astrology for some time, and the brand has just launched a new limited-edition tarot candle that’s perfect to put on your birthday gift list. your horoscope-obsessed friend. The candle reveals a charm in the melted wax after an hour or two of burning – let the gold-plated charm cool, then scan a QR code for a reading. The amber and allspice keep smelling amazing in the meantime. PS: It’s on sale right now for $38 instead of $45.

Letterfolk Placemats

As we enter the season of holiday entertainment, Letterfolk offers fun placemats that both protect your table and are customizable: each comes with 200 tiles to fill the mats, which can be arranged to create new designs to get- sets, celebrations or, speaking on a daily level, general moods. (If you’re familiar with the brand’s Tile Mat, that’s basically the tabletop version.)

The tiles are also heat resistant, making them perfect for small spaces since you can use them in place of trivets if you have a hot pan to serve. They are also dishwasher safe, so at the end of the meal you can just put them in with the dishes and you’re done.

onima acid league

Acid-obsessed kitchen supplier Acid League, famed for vinegars, has just launched a new Maker Series of products highlighting global artisans and makers, and the first step in the series? Spain. The first brand, Onima, is based in Barcelona, ​​uses ingredients from the Iberian coast, and uses a fermentation process involving kombucha that yields very different results than your standard hot sauce. You can buy Onima’s three flavors, Malson, Il Mig, and Cry Baby, as a trio for $55 on the Acid League site.

A minimalist case to move and protect your laptop

laptop case

TwelveSouth

TwelveSouth has just released a new smart SuitCase for MacBook (M1 Pro, 14-inch to 16-inch models) that not only protects your laptop when you’re on the go, but also when you’re working as well. The minimalist hard case design features a padded, water-resistant exterior, and it hugs your laptop while you work on it – meaning anything on the table doesn’t end up on your laptop – and when you’re done, you just slip into your bag and go.

oura rose gold

Oura

Oura’s extremely subtle titanium health tracking rings pair with an app to provide insight into your health and sleep patterns throughout your day, ideal for those who love biological data but not to wear a watch. The laptop has also just received a sleek, minimalistic redesign – in the form of the Oura Gen3 Horizon design. (from $349), which comes in silver, black, stealth, gold and now also in rose gold. The only other thing you’ll need to get started is membership, which costs $5.99 per month.

In China, second-hand luxury goods are gaining popularity

China is used luxury The property market is growing at a time when the economy is slowing, according to market experts and business owners.

Shoppers in China’s $74 billion luxury goods market have always bought new products, not used ones.

Zhu Tainiqi is the Shanghai-based founder of second hand, or used, luxury goods market ZZER. Business has been so good that Zhu is now looking for commercial space to expand his business.

The 33-year-old business owner has seen an increase in people wanting to sell their Hermès Birkin bags or Rolex watches. Additionally, Zhu has seen increased interest from buyers who want to save money.

“More and more people are now aware that they can sell luxury goods for money, and buyers are noticing that they can get a lot,” Zhu said. “They think, ‘Why not give it a shot?'”

He said the number of ZZER shippers, or people putting their wares up for sale, is up 40% so far in 2022 compared to the same period last year. The company now has 12 million members and expects to sell 5 million luxury pieces this year.

The growth of the resale market could have significant effects on the business plans of the world’s leading luxury goods manufacturers. They are facing a drop in demand in China, an important market.

Iris Chan is a Partner and Head of Client Development at Digital Luxury Group, a market research group.

Chan suggested that luxury makers will likely have to “think about how they’re going to manipulate this (resale) market and what role they will play in the whole process. »

China’s second-hand luxury market is expected to reach $30 billion in 2025 from $8 billion in 2020. This information, released late last year, comes from business research group iResearch. New estimates for this year have not yet been released.

Office worker Wang Jianing explores second-hand luxury goods.

“My consumption will certainly be downgraded (this year), but I still like what I like and I can’t control the desire to buy it,” she told Reuters.

A customer looks at bags on display at a store of second-hand luxury goods platform ZZER in Shanghai, China, September 9, 2022. (REUTERS/Xihao Jiang)

Besides ZZER, other Chinese companies, such as Feiyu, Ponhu and Plum, are attracting attention. Each of them earned tens of millions of dollars in investments in 2020 and 2021.

Experts expect local businesses to control China’s luxury resale market, at least in the short term. International companies such as Vestiaire Collective and The RealReal have yet to enter the mainland China market. They told Reuters they had no immediate plans to do so.

Hand bags remain the top-selling item on luxury websites like ZZER, but Zhu said watch and jewelry sales are also growing rapidly.

Prada Messengers or Fendi Baguettes, luxury handbags for women, cost 30 to 40% less on resale sites than in luxury boutiques. But the price difference for some products has widened as more and more people sell products online.

I am John Russell.

Casey Hall and Xihao Jiang reported this story for Reuters. John Russell adapted it for VOA Learning English.

_________________________________________________________________

words in this story

luxury -not. something expensive but not necessary

second hand –adj. not new; having had a previous owner; used

manipulate – v. to manage (a person, a situation, etc.) successfully

consumption – nm buying things

demote – v. decrease in extent, quality or value

Handbag – nm a woman’s small bag or purse used to carry personal effects and money

_________________________________________________________________

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How Rent the Runway CEO Jennifer Hyman Built a ‘Willy Wonka Land of Fashion’

Featured in ELLE.com’s monthly series Working hourswe ask people in positions of power to tell us about their first jobs, worst jobs, and everything in between. This month we spoke with Jennifer Hyman, CEO and co-founder of Rent the Runway, who came up with the idea for the high-end clothing rental service at the age of 26, after watching her sister drop thousands of dollars on a Marchesa dress in Bergdorf’s, to wear it only once. “I realized what interested him was the experience of walking into a room and feeling like the best version of yourselfshe didn’t really care about the ownership of the dress,Hyman says. Now done 124,131 active subscribers rent on its platform, which features thousands of options from designers like Ulla Johnson, Staud and LaQuan Smith. “I wanted to give everyone an unlimited closet,” she says. What I was really building was a Willy Wonka fashion land. More from Hymangraduate of Harvard College and Harvard Business Schoolbelow.

My first job

I was a strategic analyst at Starwood Hotels, which owned the W, St. Regis, Sheraton, Westin, and a whole bunch of other properties. I started working there as soon as I graduated from college, just after 9/11, 2001, so the travel industry was in disarray. It was actually a super interesting time to work there, because usually most innovation happens when things are tough. That’s what I first experienced at Starwood: it was actually quite entrepreneurial when you got there, because there was really nothing to lose. People were afraid to fly and travel, so management was more open to new ideas than they otherwise would have been.

my worst job

I worked at talent agency IMG, now owned by WME, and I was the only woman in an 80-person division. Not only was there rampant sexual harassment, but it was also extremely competitive, as most people there were effectively working on a sales commission. It was a very “every man or woman for himself” environment. One of the problems I had there was that I actually has been quite successful; I did deals and made a lot of money, but it was looked down upon among my colleagues because I was a very young woman doing multi-million dollar deals while some of the older men thought they deserved to receive the credit. And who did i think i was like this 25-year-old doing this? I actually thought about that experience when I started Rent the Runway, because I wanted it to be the opposite of what IMG was at the time.

Why it’s never a bad idea to pivot

I got what I thought was my dream job at IMG, and realized, oh my god i hate every second. I realized that the content of the job is so much less important than the people you work with and the culture of that environment on a day-to-day basis. So when I went to business school, and took out hundreds of thousands of dollars in loans to get there, I made a promise to myself: When I graduated, I wanted to be in a job where, when the alarm went off in the morning, i was excited to get up and go do it. Life isn’t filled with as many one-way doors as you might think. I think there’s a fear that if you start something new – a new job, a new relationship, a new business – that you’ll make that choice forever. And the reality is that you’re not – you’re making a choice right now, and you’ll see as you go. If Rent the Runway hadn’t taken off, I could have found another job. But 13 years later, I’m still here.

jennifer hyman office hours

Why I started Rent the Runway

It was a personal pain. When my sister was 25, she was invited to her first wedding, so she went to Bergdorf and bought a Marchesa dress for a few thousand dollars which put her in credit card debt. I remember being in her apartment and looking at her closet, which was filled with designer clothes that she had only worn once or twice, and begging her to return the dress and to wear something she already had instead. She was like, “I can’t. I’ve been photographed in all my dresses, pics are on social media, I need to wear something new. I realized what she was interested in was the experience of walking into a room and feeling like the best version of herself – she didn’t really care about the ownership of the dress.

I had this great idea of ​​how we could dress differently as women, and how we could actually rent ambitious brands and therefore have the freedom to wear all the clothes we’ve always dreamed of wearing, instead to buy all those items that you I’ll only wear a few times. And to make that accessible to everyone, and to give everyone an unlimited closet. What I was really building was a Willy Wonka fashion land. Growing up, I always thought the dream was the clueless closet, and that’s what Rent the Runway is all about.

How I weathered the recession

I had the idea to lease the runway in November 2008, and we launched in November 2009. We were in the middle of the last recession, when buying that crazy dress made even less sense. Everyone was under financial pressure at the time, and it was truly a light bulb moment of, wow, there is no other option. Before Rent the Runway, you had to buy everything you wore, whether you were going to wear it 100 times or once.

Why sustainability is so important

Fashion is one of the most wasteful industries on earth; 70% of negative emissions come from the production of new clothes. The fact that we all overconsume fashion and buy all those things that we don’t really use frequently is what causes pollution. As a consumer, you have two options: you can buy a lot less and have this capsule collection of things that you wear over and over again, or you can rent the runway and wear a different outfit every day. Because these items are shared among all of our clientele, it’s environmentally and financially sustainable. In my opinion, fashion is fun, it’s about self-expression and power. I feel good in clothes that give me confidence. I love the style of Emily in Parisbecause it reminds a lot of Carrie in sex and the citythat sense of irreverence and fashion experimentation. Rent the Runway is about wearing something new without feeling guilty about wasting it.

jennifer hyman office hours

The biggest lesson I learned running my own business

The most important quality to cultivate in yourself, as well as the one to look for in others, is the ability to stay positive despite difficult circumstances. We usually call this “resilience” or “courage”, but it is fundamental to surround yourself and build in yourself a feeling that you can do it. Put one foot in front of the other, keep going and be optimistic, because it’s often your optimism that creates success. Positivity is a strategy. If you believe you can do something, you actually do it. It may sound far-fetched, but I could never have dreamed that Rent the Runway would become as big as it has, and I think I’m proof that you can have big dreams and they can actually come true. achieve. The only obstacle people have is their own lack of self-confidence.

jennifer hyman

Jennifer Hyman, in Oscar de la Renta, rings the opening bell to celebrate Rent the Runway’s IPO on October 27, 2021. “It was definitely my best power outfit ever,” she says.

Courtesy

A highlight of my career

Going public as the 30th woman to ever go public in history, and [being a part of] the first company to go public with a female founder/CEO, COO and CFO. It was so meaningful to create something that didn’t exist in the world before, and to know that we built it together. It was especially poignant because it happened in the midst of COVID, which nearly killed Rent the Runway since people clearly didn’t need to rent dresses or subscribe to fashions while sitting down. at home sweaty every day. The fact that we, with this incredible team of people, were able to save the company, strategically expand it, and then go public during a global pandemic is something I am grateful for every day. I’m almost in a state of disbelief that we could have done it.

This interview has been edited and condensed.

Hermès opens massive new flagship store and closes New York streets in celebration – Footwear News

Hermès is betting big on New York. The luxury French fashion house has opened its new flagship, just a block north of the house’s former flagship store on Madison Avenue in New York City.


The Hermès Madison flagship in New York.

CREDIT: Kevin Scott

The 20,250 square foot outpost was built eight years ago, according to the company, and Thursday night on the Upper East Side they celebrated with a bang.

Hermès closed the 63rd Street block with guests visiting the store, enjoying food trucks, drinks, a live musical performance as well as a DJ and dancing. Attendees included Nina Garcia, Brian Atwood, Chloe Fineman, Nicky Hilton, Jenna Lyons, Martha Stewart and many more.


Opening of the Flagship Hermès Madison, Chloe Fineman

Chloe Fineman at the inauguration of the Hermès Madison Flagship.

CREDIT: Ben Rosser/BFA.com

Inside the store, the customer can discover a succession of living rooms, like rooms in a house. The ground floor houses, on one side, the salons for costume jewellery, the world of silk and perfumery and beauty, and on the other, men’s silk, leather goods and equestrian collections. On the second floor, the man occupies the space, with the Hermès feminine universe on the third floor. The space then flows into the jewelry and watch area, organized into alcoves for better privacy.

The flagship also includes a coffee bar on the ground floor, a champagne bar on the third floor and a cocktail bar on the fourth floor, a garden which will host special events and will be open to customers every day, as well than a generous sized VIP lounge. Five craftsmen from different trades of the house will also be in residence, sharing a dedicated workshop on the fifth floor.


Hermes Madison Flagship

A peek inside Hermès Madison’s flagship.

And to celebrate the opening, a special color of the American Quilts by Aline Honoré scarf has been imagined, as well as other exclusive objects including several Hermès Kelly bags, a Bolide bag, two special watches, Hermès H08 Madison and Arceau Madison, a jukebox and a bicycle.

Global Textile Chemicals Market Report to 2027 – Rising Living Standards Contribute to Market Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Global Textile Chemicals Market by Type, by Application, by Region, Competition, Forecast and Opportunity, 2017-2027” has been added to from ResearchAndMarkets.com offer.

The global textile chemicals market is expected to reach a value of USD 23.94 billion in 2027 growing at a CAGR of 5.85% owing to increasing capacity utilization in the apparel industry.

Since the beginning of the textile industry, efforts have been made to create long-term value in people’s lives. The expansion of the textile chemicals market has been fueled by the increase in consumption across the globe. Textile chemicals are in high demand due to their seamless applications in a wide range of industries. The textile industry is also benefiting from the emergence of modern technologies needed to manufacture textile chemicals.

The home textile industry and the garment industry have witnessed higher demand, which is driving the growth of the textile chemicals market. Governments of various countries are increasing their business potential in the textile chemicals market. With the inclusion of modern low-impact materials and technologies, as well as strategies based on the circular economy, sustainability has remained a significant concern for the global textile chemicals market.

Population growth and increased consumption

A significant factor behind the growth of textile chemicals market consumerism is population and people across the globe seem to be highly dependent on textile chemicals and their end applications. The population, in general, is increasing across the world and will follow the same trend in the years to come. Population and consumption generally go hand in hand. It is therefore plausible that the growing population across the world is contributing to the escalation of the market as the demand increases with the increase in population.

Development of infrastructure facilities in the APAC region

Historically, limited regions around the world had sufficient potential to produce the textiles that could satisfy consumer needs. Pricing was dynamic because the installation of manufacturing facilities was happening in very few parts of the world, ultimately making the market more anti-competitive. However, over time, the technology penetrated the market and new players started setting up their factories to manufacture textiles. With the boom in textile manufacturing, the textile chemicals market has started attracting investors from all over the world.

APAC has been a pioneer in manufacturing textile chemicals and supplying them to other parts of the world that have either closed their production sites or do not have the economic means to run the machinery to produce the textiles. China, the leading country in the APAC region, is a leading player in the global textile chemicals market. In fact, during economic crises, the textile industry in China has experienced slight growth due to the dominance attributed to the availability of cheap labor and flexible environmental and government laws applied to produce textiles and materials. clothes.

Rising standard of living contributes to market growth

The gradual improvement in the standard of living has led to a remarkable change in people’s fashion habits, which has contributed to the growth of the global textile chemicals market. Over time, people have realized the usefulness of textile products and they have become more concerned about their health, and prefer environment-friendly textile products as well as premium textiles and so they started to use them on a large scale in various applications. , which subsequently increased the overall market size of the global textile chemicals market.

Free Trade Agreements have a positive impact on market growth

In recent years, various free trade agreements have been signed between different countries around the world. In addition, important trade pacts such as the Trans-Pacific Partnership (TPP) are currently under consideration. As a result of these free trade agreements, various taxes on textile items have been reduced or removed, resulting in a substantial increase in textile imports and exports, which is expected to strengthen the textile market.

Report Scope:

In this report, the global textile chemicals market has been segmented into the following categories, in addition to industry trends which have also been detailed below:

Textile Chemicals Market, By Type:

  • Auxiliaries

  • Dyes

  • Others

Textile Chemicals Market, By Application:

  • Clothes

  • Household linen

  • Technical Textiles

  • Others

Textile Chemicals Market, By Region:

  • Asia Pacific

  • China

  • India

  • Pakistan

  • Indonesia

  • South Korea

  • Thailand

  • Vietnam

  • Bangladesh

  • Europe

  • Italy

  • Romania

  • Poland

  • Portugal

  • Germany

  • UK

  • North America

  • United States

  • Mexico

  • Canada

  • South America

  • Brazil

  • Argentina

  • Colombia

  • Middle East and Africa

  • South Africa

  • Saudi Arabia

  • United Arab Emirates

  • Egypt

  • Iran

Companies cited

  • BASF SE

  • Huntsman International LLC

  • Archrome

  • DyStar Colors Deutschland GmbH

  • Sumitomo Chemical Co., Ltd.

  • Kiri Industries Ltd

  • sarex

  • SF Dyes Limited Liability Company

  • Finotex

  • Siam Textile Chemicals Limited

For more information about this report visit https://www.researchandmarkets.com/r/72rfa1

Nike offers Zalando and JD Sports customers loyalty benefits in exchange for data

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Nike is looking to build closer relationships with its global customers by offering its full range of digital services – including exclusive merchandise and access to its loyalty program – to those who purchase the brand through European retailers Zalando and JD Sports. .

Nike customers will be able to link their Nike membership to their JD Sports or Zalando accounts and access member-only benefits, including advance notice of new product launches, exclusive items and new digital experiences. The integration, which is currently live for JD Sports and coming in October for Zalando, will give Nike a more holistic view of Nike member purchases, while Zalando and JD Sports will be able to offer shoppers a more range of products and services.

Read more

Inside Nike Rise: the new London store concept

After the success of Nike Rise in China and Korea, the sportswear giant is bringing the concept to London with the aim of getting closer to the customer with a community approach and sports information. Nike’s Direct Vice President of EMEA Speaks Exclusively With Business in vogue on the projects.

Nike tested the model in the United States with Dick’s Sporting Goods last October and is now offering it in Europe. It’s proven to be “a more effective way to serve consumers” that builds closer relationships, said Jim Reynolds, Nike’s vice president of market partners, via a call from the sports giant’s global headquarters in Portland. .

The goal is to allow customers to view their Nike purchases linked to their account in a more comprehensive way, according to the brand. It will also allow Nike to better understand how joint customers shop with its partners to enhance the consumer experience.

“The consumer doesn’t care about the distinctions we sometimes make, and they would like to be served in the most transparent way possible,” says Reynolds. “When they come across us in a multiplayer environment, they want as consistent an experience as possible. And our partners find it useful for them, too. If we both serve consumers better, that’s good for both companies.

He says Nike chose Zalando and JD Sports because they are “two of the leading retailers in our industry.” JD has “a very close connection with young people”, especially those interested in sports, while Zalando covers many different consumer groups, he explains. “In both cases, they were chosen because of their connection to the consumer [and also] because they are strongly oriented, like us, to the growing expectations of customers vis-à-vis retailers, and they serve them.

JD Sports Managing Director Regis Schultz says the partnership is “mutually beneficial” and “amplifies the combined strength of [our] brands with our common consumers, looking at their behaviors and journeys and creating new, richer and more engaging experiences”.

International Italian luxury brand minotticucine and MAISTRI arrive in Dallas, opening their kitchen design showroom

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Join us on Thursday, October 13 for the exclusive VIP launch event!

The minotticucine and MAISTRI brands are an authentic expression of luxury kitchen design, showcasing the exquisite craftsmanship and high-quality craftsmanship for which each brand is known.

The minotticucine and MAISTRI brands offer kitchen designs that are as sophisticated and refined as they are timeless.

Italy's international luxury brands launch their new kitchen design showroom and partnership with Taxila Stone, a luxury specialty wholesaler and Dallas-Fort Worth's premier stone and surface distributor.

Italian international luxury brands are launching their Dallas Design District partnership with Taxila Stone, a luxury wholesaler and leading distributor of stones and surfaces in Dallas-Fort Worth.

International Italian luxury brand minotticucine is coming to the Dallas Design District, opening its first kitchen design showroom in Texas on October 13.

We are very excited about our opening in the Dallas Design District. This is our first step into the Texas market, and we are confident that our brands will exceed customer and designer expectations.

— Monica Venturini, CEO of minotticucine

DALLAS, TEXAS, USA, Sept. 29, 2022 /EINPresswire.com/ — Italian international luxury brand minotticucine arrives in the Dallas Design District, opening its first kitchen design showroom in Texas.

To celebrate the official opening of the showroom, an exclusive VIP launch event is scheduled for Thursday, October 13 and will include a ribbon-cutting ceremony at 5:00 p.m. It will be moderated by Michael Bauer, Vice President, Design, Dallas Market Center.

Monica Venturini, CEO of minotticucine, said, “We are thrilled to open such an important space in the heart of the Dallas Design District. This is our first step into the Texas market, and we are confident that the combination of our two kitchen brands will exceed customer and designer expectations.

The exclusive launch event will feature the exquisite luxury kitchen designs of minotticucine and MAISTRI and feature a special appearance by minotticucine’s Chief Designer/Art Director, Alberto Minotti, pioneer of their legendary brand. The event will also pair delicious treats and cocktails with an exclusive guest list of interior designers, architects, real estate investors and media professionals. RSVP to attend: https://taxilastone.com/event-signup

“minotticucine and MAISTRI offer a unique minimalist style and a highly personalized experience that cannot be duplicated, generating international recognition and demand,” shared Monica Venturini, CEO of minotticucine. “Dallas’ flagship has been specifically designed to exhibit the essence and identity of the minotticucine and MAISTRI brands as an authentic expression of luxury kitchen design, showcasing exquisite craftsmanship and craftsmanship high quality that we are known for.”

The opening of minotticucine’s flagship showroom in Texas is a partnership with Taxila Stone, a luxury specialty wholesaler and Dallas-Fort Worth’s premier stone and surface distributor. This is the only standalone location for minotticucine in all of North America and will accept applications from across the country and around the world.

“Taxila Stone is honored to partner with Monica Venturini and Alberto Minotti to bring their groundbreaking kitchen designs to the DFW Metroplex. Our passion has always been to inspire and help our customers on their journey of discovery,” shared Hari Polavarapu, CEO of Taxila Stone. “Whether you’re designing luxury kitchens or sourcing natural stone, Taxila is your one-stop-shop for materials you can’t find anywhere else.

For nearly 70 years, minotticucine has been crafting modern luxury kitchens embracing their design philosophy which has been described as “Mediterranean Minimalism” and “Essentialism”. minotticucine’s clean, identifiable aesthetic facilitates the clarity of mind and simplicity of high-design style. Aiming to combine unnecessary excesses or superfluous details, their designs allow the strength and beauty of the materials to speak for themselves. “Silence for the eyes, calm for the mind” is a thought that underlies every minotticucine detail and has long propelled the art of luxury kitchen design.

Josh Caballero, Taxila Stone, shared, “We are absolutely thrilled to open a minotticucine here in the DFW metroplex. You really have to visit our new showroom to understand, but it’s like having a museum-worthy sculpture in the form of a kitchen.

The minotticucine Kitchen Showroom is located at 1436 Slocum Street, Dallas, Texas 75207 in the Dallas Design District and is open to the public Monday through Friday: 10:00 a.m. to 6:00 p.m., Saturday: 10:00 a.m. to 4:00 p.m., and closed Sunday. At just under 6,000 square feet, this showroom showcases the sophisticated elegance and uniqueness of minotticucine products, as well as the inimitable minotticucine lifestyle.

About minotticucin
minotticucine is an Italian company with an unrivaled reputation for innovative kitchen designs that are as sophisticated and refined as they are timeless.

minotticucine, originally established as a small workshop in 1948 by Adriano Minotti, is driven by the ingenuity of his son, Alberto Minotti, whose work celebrating the artisan tradition has made his brand an international powerhouse. Fusing the best of global sensibilities with a distinctly “Made in Italy” flair, minotticucine’s wide range of offerings continually redefine what “modern luxury” is for the residential and hospitality industries.

Minotticucine’s groundbreaking vision has resulted in their widespread influence and global presence. With an international network of 2 flagship department stores and over 20 qualified dealers in 30 countries, minotticucine is thrilled to announce Dallas as one of four cities in the United States where their fine lifestyle brand can be fully experienced. Other US locations include New York, Miami and Cincinnati.

Email the Minotticucine Dallas Kitchen Design team: [email protected] or [email protected]

About Taxila Stone (Takshashila in Sanskrit means “hewn stone town”)
Enter the world of unparalleled beauty by helping our customers discover materials as unique as their designs. As DFW’s largest natural stone, marble, granite and engineered flooring wholesaler, our company is the premier design destination for exquisite materials you won’t find anywhere else.

Taxila Stone offers an incredible range of finishes including honed, matte, satin, hand chiseled, tumbled, bush hammered, gloss and polished. Each of these finishes comes in a variety of colors, textures, and tones, and comes in different tile sizes and thicknesses.

In addition to surfaces, Taxila Stone also collaborates with exclusive brands to offer customers the best furniture, outdoor lighting and other home accessories, such as innovative sinks or fireplaces. With a world-renowned team of sourcing specialists who have over 30 years of experience, we are constantly searching the world for cutting-edge designs and state-of-the-art materials that will turn any project into a masterpiece. luxury design artwork.

Taxila Stone’s corporate headquarters and design showroom is located at 2815 Barge Ln in Dallas at Route 12 and the Singleton intersection. We offer stone slabs, porcelain tiles, granite countertops, outdoor planters and botanical pieces, as well as marble tables, stone art and manufactured surfaces.

Taxila Stone is open to the public for material selection Monday through Saturday with no appointment necessary. Come meet our knowledgeable and friendly staff of stone professionals. From stone countertops, vanity tops, wall surfaces, modern flooring and tile, to unique home accessories, furniture and outdoor lighting, Taxila Stone has all the resources to make your design dreams come true. reality.

minotticucine
Dallas Kitchen Showroom
+1 830-217-8355
[email protected]
Visit us on social media:
Facebook
LinkedIn
Other

Step into the world of unparalleled beauty as Taxila Stone helps our customers discover materials as unique as their designs.

Green Check Verified partners with Evergreen Annuity & Life

BONITA SPRINGS, FL, Sept. 29, 2022 (GLOBE NEWSWIRE) — Green Check Verified (GCV), the leading fintech provider of cannabis-compliant banking solutions and services, today announced a partnership with Evergreen Annuity & Life Co. (Evergreen), a life insurance and annuity company engaged in cannabis-related financial services. This partnership will allow cannabis-related businesses (CRBs) on the GCV platform to have access to the insurance and annuity solutions offered by Evergreen.

The United States has seen legal cannabis sales increase from $12.1 billion in 2019 to $33 billion in 2022. However, life insurance and annuity companies have remained hesitant to underwrite those in the industry, in part due to marijuana’s status as a Schedule I controlled substance. Through this partnership, existing GCV customers will have access to Evergreen’s suite of products, in a compliant and legal manner. Evergreen will now have access to full use of GCV’s compliance rules engine, ensuring it meets all regulations.

Evergreen is bringing the first cannabis-friendly wealth management products to market using the established state-regulated insurance ecosystem: empowering incumbents to use new and innovative wealth management tools to stay competitive, empowering marginalized entrepreneurs to also diversify their assets as they grow, access and protect their wealth using insurance products, and help established cannabis businesses offer traditional employee benefits an easily understood and commonly used way.

“The cannabis industry has seen phenomenal growth over the past year, and with increased access to technology solutions and banking programs like what GCV offers, it will continue to be propelled forward,” said Paul Chesek, Chief Growth Officer of Green Check Verified. “By partnering with Evergreen, we can now offer our CRBs the tools to secure competitive insurance and annuity products, ensuring they are protected. Going forward, we will continue to offer these businesses the ability to take advantage of other financial services that they would not typically have access to.

GCV started as a convenient way for cannabis businesses to find a financial institution willing to work with them. Over time, the GCV ecosystem has expanded to a much broader set of financial and business services, from their recent acquisition of PayQwik to the announcement of their marketplace initiative. This partnership with Evergreen continues GCV’s journey to become the premier one-stop-shop for all cannabis-related financial services.

“We are thrilled to partner with Green Check Verified, the only company in the industry with the right mix of customers, financial institutions and technology to fulfill our mission of protecting cannabis entrepreneurs and their employees,” said said Jasnik Parmar, Founder and President. of Evergreen Annuity & Life. “We are committed to taking cannabis financial services to a new height, and GCV is the perfect partner to grow our program and empower entrepreneurs while remaining compliant.”

GCV has 112 US banks and credit unions as partners and is on track to exceed the number of sales processed within its platform in 2021. GCV was also recently ranked as the third best place to work in Fintech in 2022 by American Banker and won the Leader’s Top Compliance Award at this year’s Payments, Banking & Compliance Conference held recently in Washington, DC.

About Green Check Verified

Green Check Verified (GCV) is a regulatory software and services company founded in 2017 by a team of technology, banking and regulatory experts. GCV focuses on the intersection between community banking and the emerging legal cannabis industry and aims to provide the services and tools necessary to connect these two industries in a compliant and profitable manner. For more information about Green Check Verified, visit www.greencheckverified.com.

About Evergreen Annuity & Life Co.

Evergreen Life & Annuity Co. is the first cannabis-friendly life insurance and annuity company. Utilizing the regulated insurance ecosystem established by the state, Evergreen’s products enable cannabis entrepreneurs, employees, and financial institutions to grow, access, and protect their capital. For more information, visit www.evergreenannuity.com.


        

Legal businesses diversify to meet demand

Lawyers pride themselves on belonging to a profession, a form of work based on long and advanced training. But, over the past two decades, they have been joined by another cohort: Alternative Legal Service Providers (ALSPs), who talk more about being part of an “industry”.

This group, which includes the Big Four accounting firms, focuses on work that falls outside of the complex legal advice given by law firms. Today, however, legal firms of all kinds are expanding their offerings to meet the growing demand for this work, but in different ways.

The ALSPs have had a checkered history to date, and not free from hype. However, Liam Brown, managing director of law firm Elevate, said that if the industry initially failed to reach its initial potential, it was not because of a problem with the “underlying dynamics”. “.

“I’m on my third $100 million venture,” he points out. “The problem is that space entrepreneurs have made outlandish claims about the future.”

The first alternative legal service providers were created in the early 2000s, taking on routine outsourced legal tasks at a lower cost for their clients, primarily corporate legal teams and law firms.

Over the past two decades, this has evolved, with vendors offering integrated solutions to business challenges with a legal dimension. They cover a range of services, from legal technology and data analytics to process reengineering and consulting, and – in some cases – legal advice as well.

ALSPs now come from various types of parent organizations, including original outsourcing companies, legal technology companies, and the big four accountants. Even large law firms have developed their own ALSPs to complement their core legal advisory business.

This makes it difficult to define the current market for alternative legal services, as the term applies to any type of legal enterprise working at the intersection of business and law, outside of the traditional structure of a law firm. .

Participants’ and investors’ estimates of the size of the market vary. The outsourcing segment is valued at $15 billion and the legal technology market at around $20 billion, according to Houlihan Lokey, the investment bank. For others, the potential is even greater. “In three to four years, the market will exceed $1 trillion,” says Tony O’Malley, global legal chief at PwC.

For Big Four firms, the attractiveness of the ALSP market is an opportunity to tap into their substantial resources to combine legal advice, consulting and technology.

At PwC, O’Malley says his ideal project to work on would go beyond simple legal advice and span multiple jurisdictions, and include a technology proposition for large-scale delivery: or 30 countries, that would excite me,” says he.

Michael Castle, Deloitte Legal’s managing partner for the UK and North-South Europe, describes the law firms’ offering as “event-driven advice”. He sees growth potential for Deloitte Legal beyond the lawyer: “There is a whole world [of business outcomes] with which the Advocate General must engage and which requires more than this type of [legal] tips”.

Shahzad Bashir, Managing Director and Founder of Morae Global, a technology-driven legal services provider, is clear about his company’s place in the industry. “We’re not in the practice of law, we’re squarely in the business of law,” he says. “It’s an important distinction – the two can touch each other but we’re not lawyers.”

Brown says Elevate’s role is to help clients streamline their business operations, of which the legal process is a critical part. The company also has ties with law firms to help them provide a more cost-effective service to clients, by offering low-cost legal labor as part of the service.

Gathering all the offers is a challenge faced by all ALSPs. “I want to be the Accenture of law firm managing partners and general counsel,” says Bashir. “There are many vendors who implement technology and contract services, whether in India or elsewhere, and people who put processes in place to make it more efficient. But the solution must be integrated.

Scale is also becoming an essential element of the success of the ALSP. The Big Four legal teams already have it. But, to get it, Morae Global went on a buying spree, hiring change consultants such as Janders Dean in 2020 and ancillary tech deals before securing BlackRock funding in 2021. At Elevate, Brown is on the hunt. looking to raise more capital to grow rapidly.

Changes on the demand side also propel the market forward. “The buying model for clients has shifted towards integrated services,” says Stuart Fuller, global head of KPMG Legal. This has been partly fueled by the growth of data held by multinational corporations, driving the need for more standardized systems. Some ALSPs, such as UnitedLex, have placed a data strategy at the heart of their offer to corporate legal departments.

There has also been a shift in mindset towards ALSPs on the part of customers. At Haleon – the UK consumer health spin-off of drugmaker GSK and one of the FTSE’s 20 largest companies – general counsel Bjarne Tellmann is building the legal department from the ground up. He turned to UnitedLex to help him with flexible people support, using work-taking technology to manage the company’s legal advice requests.

Data is at the heart of this, says Tellmann. Working with UnitedLex early on will help Haleon make inroads to create a future-ready legal department, he says: “If we can connect with other data in the organization, we can create a flywheel effect .

When asked if the term “alternative” is still appropriate to describe this part of the legal industry, Brown laughs. “With the Big Four on the market, we’re working in an ocean, not a pond,” he says. “I’m confident there will be a number of billion-dollar law firms in the next couple of years. Call this alternative? »

Five case studies

When Deloitte Legal acquired law firm Kemp Little in 2020, it doubled its UK lawyer workforce to over 170 and acquired new technology. An example is the intellectual property protection tool Dupe Killer, which is used by luxury fashion brands such as Jimmy Choo. It applies artificial intelligence processes to hunt down counterfeiters: the tool scans images online to detect design infringements and provides customers with an assessment of whether legal action is worth pursuing. Ratings are based on data points, such as the number of page views the counterfeiter has and how that affects the customer’s product over time.

Elevate and Expedia

To free up its legal team to focus on higher value work, the travel booking business is working with law firm Elevate to support the legal operations function. Inquiries and billing reviews are handled by a rotating six-person team at Elevate, allowing the internal legal operations team to focus on projects that require a deeper understanding of the business. The Elevate team also handles approximately 1,000 routine regulatory queries from Expedia per month, which were previously handled by paralegals. The fee the company pays to Elevate is only a fraction of what it saves, thanks to the invoice review service.

Factor and BT

The law firm Factor has worked with BT since 2013. Initially, it was to allow the telecommunications company’s legal team to outsource low value-added tasks, such as the management of non-compliance agreements. -disclosure. But, over time, the relationship deepened. Today, more than 60 Factor lawyers are embedded in BT’s legal team and customer-facing units, where they work on more complex deals related to sponsorship, intellectual property and more. Factor also helped introduce other efficiencies for BT’s legal team, such as self-service contracts and other process improvements to speed time to market.

LOD Group, Syke and Therme

The lean legal team at wellness resort company Therme Group needed to improve their processes to help them scale. The team turned to flexible legal resource firm LOD and legal technology consultancy Syke (the two firms recently formed a partnership to offer combined services). Syke has implemented an intake system for legal work, as well as a contract management system, while LOD provides access to a more diverse pool of legal talent than a small team of permanent employees, allowing the Therme group to respond quickly to changing needs.

PwC and Bridgewater Associates

In 2020, asset management firm Bridgewater Associates began developing new products and expanding into new geographies. Its legal team, already at full capacity, therefore turned to PwC to improve its efficiency and enable the expansion of its activities. PwC and Bridgewater’s legal team worked on an offering to automate the creation and approval of multiple agreements, capturing data to enable continuous improvement. PwC has also hired additional staff in Europe to provide round-the-clock service to the asset management company.

RSGI, a legal industry think tankhave selected the above companies, taking into account third-party market praise and interviews with these companies and their customers.

Designer Daniel Lee replaces Riccardo Tisci at Burberry

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LONDON, Sept 28 (Reuters) – Burberry Group (BRBY.L) has appointed Daniel Lee as creative director, replacing Riccardo Tisci, who is stepping down after presenting his final show for the British luxury brand on Monday.

Lee served as creative director at Bottega Veneta in Italy from 2018 to 2021 and previously worked at Celine, Maison Margiela, Balenciaga and Donna Karan, Burberry said on Wednesday.

The end of Tisci’s nearly five-year tenure follows the arrival of Jonathan Akeroyd as Burberry’s new chief executive earlier this year.

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Tisci was the creative force behind former CEO Marco Gobbetti’s strategy to elevate the 166-year-old brand’s position in the luxury sector.

His designs, many of which featured a new Thomas Burberry “TB” monogram, attracted a younger and more diverse community of customers to the brand.

Lee, born in Yorkshire where Burberry makes its famous trench coats, said he was honored to join the fashion house and build on Tisci’s legacy.

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Reporting by Yadarisa Shabong in Bengaluru and Paul Sandle in London; Editing by Subhranshu Sahu, Kate Holton and Sachin Ravikumar

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Eddie Bauer Appoints VF Corp. Alum Tim Bantle as CEO – Footwear News

Sparc Group, a lifestyle brand operating company in partnership with Authentic Brands Group and Simon Property Group, has appointed Tim Bantle as CEO of its Eddie Bauer brand.

In his new role, Sparc said Bantle “will chart the next phase” of Eddie Bauer’s growth journey. He will report to Marc Miller, CEO of Sparc Group, and will be based in Seattle.

Regarding the brand’s next phase, Sparc said Bantle will aim to “amplify the brand’s philosophy and mission” for a wider audience and reinforce its commitment to achieving its sustainability goals by connecting people. , Eddie Bauer’s business goals and priorities across digital and traditional channels.

“I admire Eddie Bauer for his unwavering commitment to making the outdoors accessible to everyone through great product and authentic storytelling,” Bantle said in a statement. “The team has done an incredible job building global momentum for Eddie Bauer, and I look forward to working closely with them to introduce the brand to new audiences and the broader outdoor lifestyle.”

Bantle joins the American heritage outdoor brand from VF Corp., where he led the company’s local Canadian outdoor sports and action platform as Managing Director of VF Canada. Prior to VF Canada, Bantle held executive positions at The North Face, Black Diamond Equipment and Patagonia.

Sparc added that Bantle led launches of “transformative category-defining products” and “best selling products” for alpine, ski and outdoor exploration, as well as fashion and streetwear collaborations. At The North Face, Bantle also guided the acceleration of the brand’s sustainability efforts, which emphasized circularity with the introduction of recycled and regenerative textiles.

“Tim is a recognized industry leader and outdoor brand champion,” added Miller. “He brings a unique understanding of the outdoor consumer coupled with deep technical knowledge that translates into commercial success. I’m excited about Eddie Bauer’s future and confident the brand will thrive under Tim’s leadership.

Bantle’s appointment comes months after former CEO Damien Huang left Eddie Bauer in May after 12 years with the company. Under Huang’s leadership, Eddie Bauer is committed to making the outdoor experience more accessible and inclusive, anchoring the brand in performance apparel and outerwear through a multi-channel approach.

Earlier this month, Eddie Bauer named his first creative director, streetwear stalwart Christopher Bevans. Huang was instrumental in integrating Bevans into the team.

In May 2021, Eddie Bauer was acquired from Golden Gate Capital by Authentic Brands Group, joining Brooks Brothers, Aéropostale, Forever 21, Lucky Brand and Nautica in its Sparc Group brand portfolio.

Burberry CFO Julie Brown resigns

Image Courtesy: theindustry.fashion

The Chief Operating and Financial Officer (CFO) of the British clothing retailer Burberry will step down!

Julie Brown, Chief Financial Officer, will step down at the end of the current fiscal year, April 1, 2023.

The retailer is working to identify its successor and an official confirmation on this will be announced in due course.

Julie, who will be leaving Burberry after 6 years, said that as a group, Burberry has strengthened its brand and business and taken an industry-leading position in sustainability.

She added “I am especially proud of our work in guiding Burberry through the pandemic, staying true to our values ​​and bringing about transformational change in finance, IT, Burberry business services and responsibility.”

Thanking Julie for her significant contribution, Gerry Murphy, President of Burberry, said Julie had successfully built a solid financial foundation for the next chapter of Burberry’s growth under CEO Jonathan.

Founded in 1856, Burberry is a London-based luxury fashion house. She currently designs and distributes ready-to-wear, including trench coats (for which she is best known), leather goods, shoes and fashion accessories.

Gently’s shopping aggregator aims to take the friction out of locating used clothing • TechCrunch

Samuel Spitz is a second-hand clothes lover, but he found that he spent hours searching dozens of resale sites to find certain items and was missing.

“The market is very fragmented with all sites,” Spitz told TechCrunch. “And once I got to a site, it was really hard to find what I wanted, plus you only see a fraction of what’s actually there. was not available right away, in my specific size, or at my target price. I keep searching, searching, searching every week, spending hours doing it because I love finding bargains.

It was then that he had the idea of ​​grouping all these second-hand ads under one umbrella. In March 2021, he joined fellow Rice University grad Kunai Rai to launch Gently, formerly Wearloom, in what Spitz called “Amazon for Occasion,” which lets users make shopping across multiple sites, including Poshmark, Depop, and eBay, from one place. .

The company’s initial “technology” was a form people could fill out listing the clothes they were looking for, and Spitz and Rai would manually compile the search results and respond via email. By the end of the first month, the pair was serving 500-600 people every day and it grew to thousands in the second month.

When all that manual research became too much to track, they set about creating the central platform for online secondhand shopping that Gently is today.

The company, which now serves tens of thousands of users every day, partners with sites like eBay, ThredUp, Vestiaire Collective, Rebag, Grailed, GOAT, StockX and TheLuxuryCloset so users can search, filter and receive second-hand clothing site alerts. Gently makes a percentage of the sales it drives to these sites.

Gently second-hand clothing market Picture credits: Gently

“It’s similar to how Kayak works for travel,” Spitz said. “We are also attracting new customers who may not have purchased with them before.”

In May, ThredUP reported in its 2022 Resale Report that the global used clothing market is expected to grow 127% by 2026, three times faster than the overall global clothing market. In the United States alone, t