Drapers’ Post

DESIRE HOLDING GROUP TO REVIVE SERGIO SOLDANO BRAND LABEL ACQUISITION SIGNIFIES BEAUTY GROUP’S EXPANSION PLANS INTO PREMIUM FASHION AND ACCESSORIES CATEGORIES NEW YORK (May 30, 2024) – Desire Holding SA, through its Italian subsidiary Desire Fragrances Srl, announces the acquisition of Sergio Soldano, signaling the international perfume and beauty conglomerate’s intention to revive the legendary, long dormant Italian fashion and accessories brand. The acquisition marks a major development for Desire Holding Group, a leading player in the beauty industry, with subsidiaries in the USA, Netherlands and Italy, as the firm expands its scope with a new Luxury Division. The new Luxury Division will lead the charge to build brand awareness, increase market share and continue the company’s sustained record of year over year growth. The beauty and fashion conglomerate consolidated its 2023 revenue for 30 million euros and based off current sales data, projects 40 million euros in revenue in 2024. This follows 40 percent sales growth accrued from 2022 to 2023. The firm’s global market distribution already spans continents and cultures, with 20 percent Italian, 30 percent European, 15 percent Middle Eastern and 10 percent Asian distribution. The company intends to further grow its U.S. distribution, currently at 25 percent – a market Sergio Soldano dominated throughout the midcentury with widespread adoption of the label amongst Hollywood’s elite. As the new Sergio Soldano brand owners, possessing full production and licensing rights, Desire Holding SA affirms the group’s growth trajectory and intention to reestablish Sergio Soldano as a household name ranked amongst the world’s great designer fashion and beauty labels. READ MORE... https://lnkd.in/dnsiktbZ #desireholdinggroup #desirefragrances #sergiosoldano #ferfume #fashion #business #europeanlife

Latin American brand, Grupo Carmen Steffens, has entered the India and Middle East markets and plans to open 50 stores this year. The Brazil-based brand is known for its handmade leather shoes, handbags, and clothes. Brazil’s category leader is aiming to target middle-income and high-income group consumers. #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailreports #retailtechcase #retailtrends #retailbusiness Mario Spaniol, Founder and President of Carmen Steffens Group BY - Imran Fazal, Features Editor, IndianRetailer.com & Retailer Magazine

As the golden quarter starts the retail headlines don’t slow down, in my edit this week there is a theme of growth running throughout.   Here's what caught my eye:   Cath Kidston to return to high street following administration Asda back to square one in search for new CEO THG's LOOKFANTASTIC.COM opens first-ever permanent concept store Dreams sales surge thanks to record investment in store and tech upgrades boohoo bosses consider break-up of retailer Marks and Spencer eyes massive Midlands warehouse to boost online expansion AllSaints opens first standalone Egypt store Gymshark to open 4 new stores in the next year Frasers Group makes bid for Mulberry England PrettyLittleThing.com returning founder unveils suite of changes Dobbies Garden Centres to close 17 stores as it unveils restructuring Greggs continues strong sales growth with new menu and extended hours Tapi Carpets & Floors pulls in first profit outside of Covid despite tough market Authentic Brands Group snaps up Champion in $1.2bn deal Gousto appoints eBay veteran Murray Lambell as new CCO Tesco and Sainsbury's under fire for misleading in-store recycling scheme AO World to buy second-hand tech retailer MusicMagpie in £10m deal Nike withdraws full-year guidance as sales plunge ahead of new CEO arrival John Lewis Partnership boss aims to turn Peter Jones into 'world flagship' Booths cut losses as revenues reach record levels B&Q launches refurbished range and expands tool hire service Topps Tiles sales drop as it battles against 'challenging' year Ex-Harrods director backs out of Fenwick CEO job M&S kick off recruitment for 11,000 festive roles Tesco CEO says it's 'in good shape' as it raises profit expectations Sainsbury's CEO calls for UK Budget action to boost consumer confidence British Land snaps up 7 UK retail parks in £441m deal SHEIN gears up for investor meetings ahead of London IPO AllSaints unveils unlimited UK rental service Watches of Switzerland Group PLC of snaps up luxury watch enthusiast platform HODINKEE, Inc. Virgin Wines launches tie-up with Ocado Myprotein launches in Holland & Barrett stores and online Dr. Martens plc puts 150 head office roles at risk under cost saving plan   My story of the week: The story of Nikes woes stood out. This once darling of the sports world is struggling in some core markets segments, with the likes of HOKA and On stealing chunks of market share.  #retail #shoppingcentres #Marketing #CMO

📰 Exciting news from the retail world! 📈 Authentic finalizes Champion acquisition, to reveal new brand partners👜 ✨Authentic Brands Group has finalized its acquisition of Champion, solidifying its place as the largest sports and entertainment licensing company globally! 🚀 With plans to expand Champion's reach and unveil new partnerships, the future looks bright for athleticwear as it pushes forward with additional brand partnerships across new categories and territories, including Europe, Asia, and Australia in the coming months! 🌍At Peaks Partners, we’re here to help global brands navigate these exciting changes and maximize their potential. Here’s how we can support retailers and brands in such initiatives: 🔍 Strategic Partnerships: Forge local and long-term partnerships to strengthen your market position. 🌐 Market Expansion: Strategically enter new territories and categories. 📉 Navigating Challenges: Gain insights into overcoming local nuances and barriers 💡 Innovative Solutions: Tailored licensing strategies to meet unique brand needs. 🤝 Business Opportunities: Identify potential for funding and expansion. 📊 Market Adaptability: Stay flexible in the face of changing economic conditions. 🔗 Supply Chain Optimization: Streamline operations for better efficiency. 💬 DM here to connect or 📧 ravdiip.a@peakspartners.com 🔗 Read the full story 👉 https://lnkd.in/gXh5_MZE #MergersAndAcquisitions #RetailStrategy #peakspartners #BrandLicensing #FashionIndustry #Athleisurebrands #RetailNews #Athleticwear #BrandPartnerships #GlobalExpansion #PeaksPartners #LicensingExperts #MarketStrategy #RetailInnovation

WSG BRANDS acquires Von Dutch 👏 The newly formed brand management group has acquired the Hollywood fashion and lifestyle brand. Popular for its bold presence and iconic styles, Von Dutch will be led by WSG's CEO and COO, Jack Cheika and Marc Benitez respectively. With a significant global presence in key locations including the US, Europe, Indonesia, Korea, Australia and South America, the brand will continue to expand into new locations under WSG's ownership. In a statement, WSG said its focus is to prioritise brand integrity, sustainability, and a long-term vision to ensure Von Dutch products symbolise 'self-expression and bold individuality'. Cheika and Benitez commented: "We are excited to channel Von Dutch's storied legacy, led for several years by Groupe Royer and now by WSG, into innovative designs that resonate with today's fashion-forward consumers." "Our vision is to make Von Dutch not just a brand, but a movement that celebrates individuality and bold expression globally." #News #Fashion #Lifestyle #Acquisition #Growth #Strategy

Frasers Group, the retail company founded by Mike Ashley, has been making headlines recently for its expansion and acquisition of premium brands. While this growth may seem impressive, there is the potential for the company to "over-elevate" itself, as discussed in a recent article by TheIndustry.fashion. 📈 While acquiring premium brands can bring in new customers and revenue streams, it's crucial for Frasers Group to maintain a balance and not alienate its existing customer base. Over-elevating could potentially lead to a disconnect and loss of loyalty from core customers. 🛍️ It will be interesting to see how Frasers Group navigates this period of growth and maintains a strong brand image. 🤔#FrasersGroup #RetailStrategy #BrandPositioning

Frasers Group, the retail company founded by Mike Ashley, has been making headlines recently for its expansion and acquisition of premium brands. While this growth may seem impressive, there is the potential for the company to "over-elevate" itself, as discussed in a recent article by TheIndustry.fashion. 📈 While acquiring premium brands can bring in new customers and revenue streams, it's crucial for Frasers Group to maintain a balance and not alienate its existing customer base. Over-elevating could potentially lead to a disconnect and loss of loyalty from core customers. 🛍️ It will be interesting to see how Frasers Group navigates this period of growth and maintains a strong brand image. 🤔#FrasersGroup #RetailStrategy #BrandPositioning

🌟 Authentic Brands Group to purchase Champion from Hanesbrands for just over $1 billion. 📅 Reports suggest deal could be finalized next week. 📉 Champion's sales dropped by 23% in Q4 2023, prompting Hanesbrands to offload it. 🌟 Despite decline, Champion attracted interest from various buyers. 🛍️ Acquisition will expand Authentic's portfolio, including Billabong, Forever 21, and more. ⚙️ Sale may lead to job losses as operations are outsourced. 💼 Transaction expected to boost Hanesbrands amid sales decline and significant debt. 📝 Finalization anticipated by late May or early June. https://lnkd.in/eHDWCgki

Love this article bc there is an applicable snippet that applies to global brands considering growth in the US. https://lnkd.in/eaETxQU6 This Part: You have to be more American to be successful in America. Gulden said; “There is a clear, clear, clear plan for how to be more American in America and our product pipeline and our marketing activities are lined up to do that … We have tough competition in the U.S. from American brands, and we have to be better than what we have been before to be successful.” .... Eurocentric positioning has previously been one of the criticisms analysts have leveled at the [athletics] retailer. I have seen this gap from Euro-style to American-repeatability in fashion as well. I've actually seen it with West Coast brands and their relatability to East Coast Aesthetic. At EU Retail Partners; its always our pleasure to help brands navigate these issues. It's not to say that Americans want more and more of the same but the experimentation they are willing to take is usually less than expected.

NYSE-listed Chinese-controlled fashion company Lanvin Group has reported an unaudited revenue of €426 million (US$461 million) for the full year 2023. The group, whose portfolio of brands consists of LANVIN, Wolford, St John, Sergio Rossi, and Caruso, posted 8 per cent revenue growth in both Greater China and Asia Pacific. It said the continued softness in the overall global market will impact the business, but regional economies will fare better and present growth opportunities. Full article: https://lnkd.in/gQA2K-at Inside Retail Asia