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It took Mulberry a year to find its new creative director, but the search
for a new chief executive officer continues. The luxury British fashion
house previously voiced its desire to have its new CEO and creative
director begin working at the same time, so with Johnny Coca poised to
begin his new role in July, time is ticking for Mulberry to sign on a new
CEO.

The luxury label is said to be moving in on signing a new CEO to start this
summer, a source revealed to Reuters, to take the reins over from chairman
Godfrey Davis, who has led the label for close to a year now. As the former
CEO of Mulberry, Davis has been hard at work trying to reconnect the brand
with the core customers after his successor Bruno Guillon failed to
reposition Mulberry as a higher end label.

Mulberry aims to have new CEO in place by July

Guillon aimed to transform the British brand into a global exclusive brand
by increasing the quality of Mulberry
‘s
handbags as well as its prices, but the move ultimately backfired on the
brand and led to severe profit warnings and Mulberry’s share value dropping
67 percent. When Guillon threw in the towel last March and stepped down
from his role, Davis stepped in on a interim basis until a new topman was
found. His goal was to repair the damage caused by Guillon and and
reconnect the brand with its roots.

Mulberry’s new CEO candidate should be well suited to work alongside the
label’s new creative director, Johnny Coca, who will join the team at
Mulberry from French fashion house Céline in four and half months time. Coca
will be replacing Emma Hill, who left the brand in June, 2013. She was the
creative mind behind some of the most most iconic bags, such as the Alexa
and Del Rey.
Hill reportedly left the label after disagreements with Guillon concerning
the creative and operational strategy of the brand.

According to the source at Reuters, Davis will help guide the new CEO and
Coca in their new roles and new strategy, whilst stepping into the role of
non-executive chairman, although Mulberry declined to comment on the
speculation.
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(Bloomberg) — Alphabet Inc.’s Google agreed to buy smartwatch maker Fitbit Inc. for $2.1 billion in cash, a move that could shore up the internet giant’s hardware business while also potentially increasing antitrust scrutiny. Fitbit shares jumped 17%.

Google will pay $7.35 a share for San Francisco-based Fitbit, according to a statement Friday. That represents a 71% premium to Fitbit’s stock price before Reuters reported Google had made a bid on the company on Oct. 28. The acquisition is Google’s second major purchase this year, after it agreed to pay $2.6 billion for cloud software provider Looker in June.

The deal is sure to attract regulatory scrutiny. State and federal authorities are investigating Google for potential anti-competitive practices related to how it handles consumer data and operates in the digital-advertising market. Though Google isn’t a leader in smartwatches or fitness trackers, regulators in the U.S. and elsewhere will likely have questions about what Google intends to do with the data Fitbit users have shared over the years, including intimate health and location information.

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The companies addressed the likely concerns by pledging to be transparent about the data Google collects and why. “Strong privacy and security guidelines have been part of Fitbit’s DNA since day one, and this will not change,” according to the statement. “The company never sells personal information, and Fitbit health and wellness data will not be used for Google ads.”

Google has a growing ecosystem of smartphones and laptops, and provides a free wearable operating system called Wear OS for other companies to use, but has yet to build its own watch. Buying Fitbit would give Google a new platform along with access to the company’s more than 27 million active users. Google could also combine the company with smartwatch technology it bought from Fossil Group Inc. earlier this year to help it design new products.

Fitbit has been struggling to compete with Apple Inc. and others in the smartwatch market. Its shares sunk to a low of $2.85 a share at the end of August. The stock has recovered since news broke that Google might swoop in to bid, but is still far below Fitbit’s $20 per-share price in the company’s 2015 initial public offering.

The transaction is expected to close next year, according to the companies.

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ST. PAUL, Minn. (AP) — An enterprising Minnesota college student who drove to Iowa every weekend to buy hundreds of Krispy Kreme doughnuts that he then sold to his own customers in the Twin Cities area has been warned by the confectionery giant to stop.

There have been no Krispy Kreme stores in Minnesota for 11 years.

Jayson Gonzalez, 21, of Champlin, Minnesota, would drive 270 miles (430 kilometers) to a Krispy Kreme store in Clive, Iowa, pack his car with up to 100 boxes, each carrying 12 doughnuts, then drive back up north to deliver them to customers in Minneapolis-St. Paul.

He charged $17 to $20 per box. He said some of his customers spent nearly $100 each time. Gonzalez said he did not receive a discount from the store in Iowa where he bought the doughnuts.

But less than a week after the St. Paul Pioneer Press reported on his money-making scheme, Gonzalez received a phone call from Krispy Kreme’s Nebraska office telling him to stop. The senior studying accounting at Metropolitan State University in St. Paul said he was told his sales created a liability for the North Carolina-based company.

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In a statement Sunday night, Krispy Kreme said it’s looking into the matter.

“We appreciate Jayson’s passion for Krispy Kreme and his entrepreneurial spirit as he pursues his education,” the statement read.

Gonzalez, also known as “The Donut Guy,” would have made his 20th run to Iowa on Saturday. He told his Facebook followers on Thursday that he has been told he has to shut down operations.

“Life happens, and it could be a sign that something else is meant to be,” Gonzalez posted.

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Airbnb Inc. says it’s banning “party houses” in the wake of a deadly shooting at an Airbnb rental in California.

In a series of tweets Saturday, Airbnb co-founder and CEO Brian Chesky said that the San Francisco-based company is stepping up efforts to “combat unauthorized parties and get rid of abusive host and guest conduct.”

Chesky said Airbnb is expanding manual screening of “high risk” reservations that are flagged by its system. It’s also forming a rapid response team dedicated to house parties.

The company will remove guests who fail to comply, Chesky said.

Five people were killed in a Halloween party shooting in the San Francisco suburb of Orinda.

“What happened on Thursday night in Orinda was horrible. I feel for the families and neighbors impacted by this tragedy. We are working to support them,” Chesky said in a tweet.

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People with knowledge of the transaction say the woman who rented the home lied to her Airbnb host, saying she was renting it so her asthmatic family members could escape wildfire smoke. More than 100 people had gathered for the party, police said.

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House parties have long been an issue for Airbnb.

In 2018, Airbnb permanently banned a man who crammed more than 250 people into an Airbnb rental in Seven Hills, Ohio, for an unauthorized New Year’s party while his host hid in a bedroom.

And in July, two people were killed during a party at an Airbnb in Pittsburgh.

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Moschino & Coolio for Venice Carnival

November 4, 2019 | News | No Comments

Whether it is collaborating on art projects or going green, fashion brands are always on the look out for new tie ins. Together with US rapper Coolio, Italian designer label Moschino found its new challenge in the Venice Carnival. Traditionally, the world famous Venetian Carnival starts its swing with the ‘Flight of the Dove’ ceremony. Normally white birds would be released from the top the bell tower to open the Carnival. This year the opening ceremony was symbolised by musician Coolio dressed in a white Moschino creation and referred to as ‘The Flight of the Angel’. Moschino known for its creative approach using fantasy in their designs and window displays, brought the ceremony to life through the conceptualisation of the Angel’s dress. High up in the air giant golden letters formed the word ‘ANGELO’ and US singer went for an actual flight. From the bell tower, Coolio descended to the San Marco Square to join the two central characters of the carnival; Doge and his wife who following the tradition await the Angel’s arrival on the Square.

Moschino’s creative and unconventional approach towards fashion translates into its advertising and branding. The Moschino perfume ‘I Love Love’ campaign for example features the model in a surrealistic dreamy surrounding, and the brand’s website takes you on a fantasy board game journey with gooses dressed in the Union Jack. Moschino S.p.A. is part of the Aeffe Group.

Image: Moschino

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French Connection reports disappointing losses

November 4, 2019 | News | No Comments

Fashion retailer French Connection has blamed rising costs and shrinking margins for “disappointing” losses. Losses rose to £3.5m ($6.2m) in the six months to 31 July against a loss of £2.5m at the same time last year.

It added that while UK and European sales had risen, increased overheads and staff costs had offset any gains.

Looking ahead the firm remained cautious warning that difficult economic conditions would continue to effect the business in the short term.

The group added that it would continue to build on the strong performance of its ladies’ wear division, and “mirror this success within our men’s wear business” reported the BBC.

“It would appear that the economic environment is unlikely to improve in the short-term and that therefore any gains we make will have to be achieved through significant out-performance by our ranges,” chairman Stephen Marks added.

Ethical award debut

November 4, 2019 | News | No Comments

This November the very first award dedicated to ethical fashion, ‘RE:Fashion’, will take place in London. Eleven awards will celebrate  the social and environmental improvements in retail, manufacture and consumer engagement. Winning entries will need to prove their style credentials. The RE: Fashion judges will be looking for on trend fashion that makes a difference. Renowned for revolutionizing men’s tailoring, fashion designer Ozwald Boateng is a patron of RE:Fashion.

High profile partners include Hilary Alexander (Fashion Editor of The Telegraph), Jane Shepherdson, Ann-Sofie Back and fashion designer Todd Lynn.

Matthew Williamson goes US

November 4, 2019 | News | No Comments

In Early 2009, New York will see the launch of Matthew Williamson US flagship store. The retail space of the luxury fashion label will be located at 413, West 14th Street, New York.

In August 2007 TSM Capital acquired an equity stake in Matthew Williamson Holdings, Ltd. Baugur Group, which invested in the Company in 2006 maintain a significant equity interest in the business. TSM Capital made the investment in collaboration with the Aronsson Group. Matthew Williamson and Joseph Velosa, the Company’s founders, between them retain a majority stake in the Company.

Designer and President Matthew Williamson commented: “I am very excited to be opening my own store in New York.Each Matthew Williamson store is a very personal design opportunity to express my brand and I am really looking forward to working on this and making the store a reality over the coming months.”

The Matthew Williamson brand was established in London in 1997, and opened its first boutique on Bruton Street, London in 2004.The store received industry acclaim for its award-winning design. The Company currently has a customer portfolio which includes 170 prestigious wholesale accounts around the world.

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Cavalli opens club in Dubai

November 4, 2019 | News | No Comments

Mr Roberto Cavalli doesn’t think he’s too old for ‘entertainment & nightlife’. The 68-year old designer of sexy-fashion will shake up the Dubai scene with the November opening of his Cavalli Club in the Fairmont Hotel on Sheikh Zaved Road. Two floors, its own private entrance and a surface of an estimated 25.000 square feet.

Roberto Cavalli chose the Pragma Group as his partner for this important undertaking. He says “Dubai is a city of the future and the Cavalli Club is a futuristic space created with the whole world in mind.”

There will be a room showcasing jewellery, watches and exclusive accessories from Cavalli Maison, the Italian and sushi restaurants are selected by Cavalli, as well as a Cavalli wine and Cavalli wodka. The Club offers to the public a complete Roberto Cavalli lifestyle experience and a new way of shopping at a non-conventional time of day.

Opening in November 2008. Too far? Wait for the new club in Florence, expected to open a few months later.

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Coutts New Jewellers Awards

November 4, 2019 | News | No Comments

20 Emerging jewellers are offered a unique opportunity with the introduction of the Coutts New Jewellers Awards. As part of Coutts London Jewellery Week, the new award supports up-and-coming talent in jewellery design and craft. Particularly vulnerable in the current economic climate, winners are offered a wide array of expertise by taking part in the Coutts Business Development Forum, receiving advice on how to remain resilient during these testing times.

The event will see winners schooled in how to sustain and grow their business, through inspiring lectures by industry experts across a broad range of fields including brand development, business planning, funding, marketing and PR. All specialists in their chosen fields, speakers will be drawn from both within and outside the jewellery industry to ensure that the winners receive relevant tips on how to maximise their presence in the marketplace. Leading jeweller Stephen Webster will host a lunch.

Open to any business that is less than four years old and based in London, the Coutts New Jewellers Awards will provide winners with complimentary bronze level participation in Coutts London Jewellery Week, which runs from the 8-14 June 2009. This will grant an online presence on the event’s website, a listing in the Guide circulated throughout the capital and benefit from international media promotion to significantly raising their profile.

Announcing the launch of the Coutts New Jewellers Awards, Sarah Deaves, Chief Executive Coutts & Co. commented: “We have extensive experience of working with some of the UK’s leading entrepreneurs and are delighted to pass on this knowledge to help support the next generation of entrepreneurs in the jewellery industry. With this in mind, we are pleased to introduce the Coutts Business Development Forum which will be held in March.”

Entries will be judged according to the creativity of their planned event for Coutts London Jewellery Week, the company’s current profile and its portfolio of design. All applications for the Coutts New Jewellers Awards must be received by Friday 9th January 2009 and the winners will be announced by Friday 16th January.

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Image: Coutts London Jewellery Week