LVMH reports on revenue for first half of 2020

LVMH reports on revenue for first half of 2020

LVMH Moët Hennessy Louis Vuitton, recorded revenue of 18.4 billion euros in the first half of 2020, down 27%. On an organic basis, revenue declined 28% compared to the same period in 2019.

rter, revenue was down 38% on an organic basis compared to the same period in 2019. Although there were encouraging signs of recovery in June across several of the Group’s activities, revenue was notably down in the United States and Europe during the quarter. Asia, however, has seen a marked improvement in trends, with a strong rebound in China in particular.

Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH showed exceptional resilience to the serious health crisis the world experienced in the first half of 2020. Our Maisons have shown remarkable agility in implementing measures to adapt their costs and accelerate the growth of online sales. While we have observed strong signs of an upturn in activity since June, we remain very vigilant for the rest of the year. We continue to be driven by a long-term vision, a deep sense of responsibility and a strong commitment to environmental protection, inclusion and solidarity. In the current context, we remain even more firmly dedicated to showing continuous progress in these areas. Thanks to the strength of our brands and the responsiveness of our organization, we are confident that LVMH is in an excellent position to take advantage of the recovery, which we hope will be confirmed in the second half of the year, and to strengthen our lead in the global luxury market in 2020.”

Moda Made in Italy cancels September event in Munich

Moda Made in Italy cancels September event in Munich

Moda Made in Italy, originally scheduled for September in Munich, is cancelled. The overall conditions of this complicated time have unfortunately led Assocalzaturifici to make this decision as part of a wider-ranging assessment of international trade fairs for the footwear industry in today’s profoundly changed world. 

Under a special agreement between ANCI Servizi and the trade fair centre, footwear companies will be able to open a showroom in which to meet with buyers on the dates for which the fair was originally scheduled, from September 27 to 29, 2020. German buyers and footwear companies will also be able to use the online business tool launched by MICAM Milano, which will be going ahead on September 20 through 23, 2020 at Fiera Milano Rho.

MICAM Milano Digital Show, powered by NuORDER is a new platform offering an opportunity to reach the German market, along with others, that will be online from September 15 through November 15, 2020. The new platform will allow companies to support their business online while offering buyers the opportunity to make purchases directly through the portal. 

Stone Island & C2C Festival create Stone Island Sound

Stone Island & C2C Festival create Stone Island Sound

Stone Island & C2C Festival create STONE ISLAND SOUND, a new project supporting contemporary music productions. A harmonious set of playlists, record releases and soundtrack for stores with the aim of promoting local scenes and communities while building an ideal world sound map.

Cultural independence, avant-garde and new pop, irregular sounds and original music productions will be the stylistic references that will inspire and guide this project, which regards the current music scene as a multi-coloured and chaotic combination of genres.

Stone Island Sound will initially define the musical identity of the stores, meant as an expression of the Brand’s own DNA. Subsequently it will land on Bandcamp, Buy Music Club, Spotify, Tidal, and other platforms that will be periodically fed by a continuous updating of songs and tracks from the independent music scene.

 

Sustainable denim, from start to finish by CLOSED

Sustainable denim, from start to finish by CLOSED

CLOSED’s denim line ‘A BETTER BLUE’ is focused on sustainability from beginning to end. Now in its second generation, the eco-friendly line A BETTER BLUE uses sustainable materials – such as cellulose fibres, organic cotton and recycled fabrics – as well as innovative dyeing methods and new wash techniques. Keeping every step more sustainable, from start to finish.

Dyeing technique: Kitotex is a patented technology that drastically reduces water, energy and chemical consumption of the dyeing process and focuses on biological methods. The central aspect is the focus on chitosan, a natural polymer found in the shell of shrimp.

Material: Organic cotton is made using 70 per cent less water and 60 per cent less energy than conventionally grown cotton. Neither genetically modified seeds nor toxic chemicals are used in its production. Growing organic cotton does not have a negative impact on farmland; it also generates fewer harmful emissions.

Washing technique: Laser has the power to produce very different shades of blue. With lasers you can achieve patchy as well as flat effects in a vintage look. Conventional washing processes are accelerated or even completely replaced by the use of lasers which reduces the use of water and chemicals.

Material: TENCEL from sustainable resources. Raw materials are sourced from sustainably managed woodlands which do not need irrigation, fertilisers or pesticides. The fibres are manufactured in a closed process whereby the water and solvents are almost completely reused. TENCEL— REFIBRA is a special lyocell fibre, made using both wood pulp and 30 per cent recycled cotton waste.

TheOneMilano upcoming edition in conjunction with Micam MilanoTheOneMilano upcoming edition in conjunction with Micam Milano

TheOneMilano upcoming edition in conjunction with Micam Milano

The September edition of the TheOneMilano exhibition will take place from 20 to 23 September in the usual location: the Fiera Milano Rho complex, where it will run for the first time in conjunction and integrated with Micam Milano, the international exhibition for the footwear sector, as was announced during the February edition.

TheOneMilano will make its “Special featured by Micam” debut with selected capsule collections to offer buyers the chance to put together total looks of leather, fabric and fur clothing, complemented by the best footwear accessories. TheOneMilano Special featured by Micam is an open exhibition, a new formula destined to become the norm in TheOneMilano’s trade fair vocabulary, the natural culmination and evolution of the flagship February event.

“Our vision is to always keep up with the constant changes in the exhibition scenario,” says Elena Salvaneschi, TheOneMilano CEO. “We want to continue offering our customers increasingly complete, state-of-the-art services and to create increasingly useful and practical tools for them, to support companies and buyers. This initial, first-time experiment with Micam – a partner we have been working with for some time and one that, like ours, is an exhibition created by trade associations that are members of Confindustria Moda – is a model that we will replicate through agreements that will lead our companies to create other “extended exhibitions”: initially with Micam, at foreign events scheduled for the end of the year and for the first few months of 2021.”

“TheOneMilano” exhibition is joined by the digital “AlwaysOn Show”, a fully- fledged, active project that has been up and running for two years now. AlwaysOn Show will introduce some important new features in September, starting with a dedicated app. The digital platform, which has always been aimed at the B2B sector, will include a section that is open and can be viewed by everyone with no need to register: so visitors can see a preview of products selected by the companies.

Steve Aoki and Alberto Candiani Collaborate

Steve Aoki and Alberto Candiani Collaborate

Two-time Grammy-nominated DJ/producer, fashion designer, and entrepreneur Steve Aoki and denim master Alberto Candiani, owner of the Candiani Mill, debut their first collaboration DIM MAK x CANDIANI EC-01, crafted with ReGEN Denim, a water-saving and more sustainably made jean, hand-painted by Aoki and his Dim Mak artisans.

This new 5-pocket straight-fit jean is an incredible feat in modern water-saving and sustainable manufacturing. Crafted with ReGEN Denim – a statement indigo selvedge fabric created for the 80th Anniversary of the Candiani Mill the EC-01 jean is made without using any fresh cotton. The exclusive denim fabric is composed of equal parts recycled cotton, made from the mill’s own production waste, and REFIBRA Technology, a recycled fiber created by Lenzing using cotton waste. ReGEN is the same fabric that won the ITMA Sustainable Innovation Award in 2019, the most prestigious award in the textile industry.

The denim’s wash required very little washing at all.  The distressed, vintage-effects, and even the artwork itself, was created by using laser technology to gently burn the fabric’s surface with varying degrees of intensity.  The yarn is dyed using Candiani’s water-saving Indigo Juice and Kitotex technologies which enhance the custom laser treatments that give the jean its signature look. The whole process of creation allows for incredible savings in terms of water, chemicals, and energy compared to conventional denim, without compromising the aesthetics, performance, and durability of the final product.

In the hands of Dim Mak, the EC-01 jeans have a deconstructed pop art meets manga aesthetic which has evolved from Dim Mak’s ‘AOKI 1of1’ series, where Steve Aoki, the multi-platform, modern day renaissance man has been upcycling clothing and making original, one-of-a-kind wearable art pieces.  Working at the Candiani Design Center in Los Angeles, Aoki chose hardware and learned about denim treatments and processes before adding another very personal touch to each pair – individually hand painted Yōkai, the Japanese demons including the misunderstood Rokurokubi, the mischievous Karakasa kozō, and monstrous Gashadokuro – with the help of Dim Mak’s artists at Aoki’s Las Vegas home, where Aoki has a design and recording studio.

Kingpins cancels October 2020 Amsterdam edition

Kingpins cancels October 2020 Amsterdam edition

Kingpins Founder Andrew Olah has announced the cancellation of the trade show’s October 2020 which was meant to take place in Amsterdam.

“This pandemic has forced everyone to make hard and unpleasant choices. Last week I had two difficult decisions to make, one professional and the other personal. First the professional. We needed to decide whether to hold our Kingpins Amsterdam Show in October. The Netherlands is allowing events — albeit with restrictions. We have a venue with plenty of space. And we have experienced and creative partners to help with the show’s logistics. 

But COVID-19 is not a local problem to resolve. It’s global. And it’s not going away, at least not yet, regardless of the laws. We could hold a show in Amsterdam and hope to draw a mix of exhibitors and attendees from much of Europe, but should we ask everyone to come? Do people really want to fly? Do they really want to stay in hotels and enter public places?

That is why our answer to the Amsterdam show in October is, sadly, no. It’s not that we don’t want to return to Amsterdam. We love the city and the show is one of our most successful events. And, we would love to see you all industry friends again in person. But all “desire” is trumped by a lack of confidence in health control and we would never risk the health of our friends and colleagues in the denim community — we are, after all, one big connected denim-loving family. 

I did not make this decision alone. Seven of us voted whether to have Kingpins Amsterdam in October and seven voted not to. The entire Kingpins team reluctantly agreed. It’s awful to drop your best product.”

 

FABRIC DAYS upcoming September 2020 edition

FABRIC DAYS upcoming September 2020 edition

FABRIC DAYS will take place from 1 – 3 September 2020 at the MOC in Munich. In the four fully booked halls on the ground floor of the MOC, around 300 German and European exhibitors will present their new developments in 5 segments for Autumn.Winter 21/22 in around 700 collections. Among the list of confirmed international exhibitors are many high quality premium suppliers, who will showcase a broad product range.

Visitors get the chance to meet their suppliers and partners in person again at FABRIC DAYS and use the three fair days in Munich for their collection design, exchange and inspiration. As well as the select, trend setting portfolio, FABRIC DAYS will also offer a meaningful trend forum following the seasonal theme “HOPETIMISM”.

HOPETIMISM represents a new zeitgeist in the textile and fashion industry. A spirit of the times, which embraces hidden feelings, visionary thoughts, progressive and pragmatic action and new realities. HOPETIMISM combines personal and global hope with individual and holistic optimism: A title for the present as well as the future which carries both strength and softness.

Kingpins to offer digital denim supply chain tools

Kingpins to offer digital denim supply chain tools

Kingpins Show organizers are building a digital denim supply chain platform through an agreement with Material Exchange, which has created a sourcing database with nearly 20,000 digital materials from the biggest suppliers around the world.

“We have never been a real estate company, selling space so that mills can sell their fabrics,” said Andrew Olah, founder of Kingpins Show. “Our goal has always been to educate, advocate and — in some instances — push the denim industry to evolve and behave more responsibly. However, we have relied on our physical shows in New York, Amsterdam, Hong Kong and China to bring our mix of vetted and selected supply chain partners and our invite-only guests together around the globe. While our in-person events are key for our industry to connect and collaborate, Kingpins is committed to finding digital solutions to support mills and brands globally.”

Kingpins’ first foray into providing digital solutions for its exhibitors and attendees was Kingpins24, an online event featuring livestreamed content, webinars, interviews, panels and product demonstrations. Kingpins24 launched in April and returned in June.

The agreement with Material Exchange represents the next step in the process to complement Kingpins’ successful in-person events with new digital solutions. A digital platform for denim mills will allow Kingpins exhibitors to showcase their textiles to denim brands year-round. Kingpins is looking for ways to create greater opportunities for business and build new ways for brands to conveniently source denim fabrics from Kingpins’ exhibitors. The goal is to provide denim brands with tools to be able to source denim and denim related fabrics instantly, view detailed product data online and help buyers make informed decisions about the materials needed for product design and creation process.

First edition of CHIC Shenzhen

First edition of CHIC Shenzhen

From July 15th to 17th the first edition of CHIC Shenzhen took place in the Southern Chinese “boomtown”, the first physical CHIC since the outbreak of the corona pandemic.

CHIC Shenzhen celebrated a successful start as part of the Greater Bay Area International Textile & Apparel Expo. More than 42,300 visitors used the fair to see the collections of over 2,000 exhibitors in the most modern exhibition center in Asia, the Shenzhen World Exhibition & Convention Center. The fair took place in compliance with all necessary safety and hygiene regulations. Exhibitors were pleasantly surprised by the high visitor frequency and numerous business opportunities.

Sustainability, creative design and supply chains construction were key issues for the industry returning to physical fairs. China’s economy is developing positively, the growth rate of 3,2% for the second quarter just has been confirmed by the China statistic bureau.

Top-class seminars and workshops offered the opportunity for direct exchange and were heavily frequented.