Changing The Wholesale Landscape To Support Minority-owned Businesses
On Wednesday, the CFDA hosted the third and final session of its new webinar series, “Changing the Fashion Wholesale Landscape to Support Minority-Owned Businesses,” a virtual conversation providing insights into opportunities and resources that minority-owned businesses can utilize to navigate the challenges of the wholesale market.
The webinar was moderated by Felita Harris, Chief Revenue Officer and Co-Founder of Raisefashion. Panelists included Charles Harbison, CEO and Creative Director, Harbison Studio; Edwina Kulego, VP, International & Men’s Fashion, Informa Markets; Busayo Olupona, Esq., Founder & Creative Director, Busayo; Amira Rasool, Founder and CEO of The Folklore, and Ibada Wadud, Assistant Professor, Strategic Design & Management at Parsons as well as Executive Consultant, Sustainability & Equity, Founder & Head of Impact of LULAH.
The conversation discussed the progression of the wholesale business to support BIPOC brands, the benefits of launching with a wholesale partner, the complexities brands still face getting buyers to review their collections, as well as provided ways in which brands can get wholesale ready.
HASK Beauty Partners with Hair Designer and Department Head Linda Flowers on Behind the Scenes Looks on Spider-Man No Way Home
NEW YORK, NY, Jan. 5, 2022 — HASK- The Number One Haircare brand used on Film and TV Sets sits down with Linda Flowers, Hair Designer and Department Head for Spider-Man No Way to talk about all things Hair on the set.
How did you manage to take care of and keep your actor’s hair healthy while filming? Which products did you use for this?
“To maintain healthy hair, I start with a great shampoo and conditioner. I use the HASK Keratin Protein or Biotin Boost shampoos and conditioners for weak or processed hair. For dry hair, I use the HASK Monoi Coconut Oil Collection. This great first step prepares my actors’ hair so that it is ready to perform.
“When I see my actors, I immediately start with misting their hair with water, and follow with a HASK 5-in-1 Leave-in Spray. My favorites are the Keratin Protein and Monoi Coconut Oil! I then follow with a product from the HASK Curl Care collection, or the HASK Coconut Oil or Keratin Protein, depending on my actor’s hair type and need. ”
“For added volume I use HASK Dry Shampoo, either Charcoal or Chia Seed, at the base of the hair. This assures that the hair does not lose the volume I need to match from one scene to another.”
Why did you choose to use HASK products on-set of this film?
“I always know I can count on the HASK haircare line. It does what it says it will do, and I need that confidence in a product when working on A-list actors on big motion pictures. If they fail, I fail, and I won’t risk that!”
What was the inspiration behind the films’ hair styles? How do the hair styles to fit in with the plot of the film?
All the looks were a match, they wanted the audience to be a part of the reunion.
Do you have a favorite hair style or hair moment from the film?
I don’t really have a favorite hair style from the film. It was just so much fun to be a part of this monumental film and to be a part of cinematic history.
Were you faced with any challenges creating and maintaining hair styles based on the film plot and concept? How did you overcome these?
The most challenging thing for a hair stylist on a film is maintaining the continuity for long hours. Styling products are crucial. My favorites are the HASK 5-in-1 Leave-in Sprays, HASK Hair Oils and HASK Dry Shampoos. I can always count on them to get me through my long days on-set.
Can you take us through a typical day on the set of Spider-Man: No Way Home?
A typical day on the set of Spider-Man: No Way Home would usually involve a very early start: getting the stunt guys ready so that they could set-up the shots, and then working on our main cast. This meant creating haircuts to match and styling them. Next up, we styled our guest cast. Once everyone was ready, ‘off to set’ we would go. During filming, the stunt work and fight scenes would take hours, so we had to stay on-point to ensure everyone held up for the full day of filming.
About HASK: Utilizing high quality ingredients sourced from around the globe along with luxurious fragrances, the HASK Exotic Oils collections provide “problem solution” formulas designed to treat and repair all hair types. Referred to as Hollywood’s favorite hair care, HASK is used by Hair Stylists on the set of more Films and TV Shows than any other hair care brand.
HASK is sold at drugstores nationwide as well as Amazon.com and Ulta.com.
SOURCE HASK
CONTACT: Allison LaGuardia, 326952@email4pr.com, 203.368.8566
Rumors Of The Demise Of The Shipping Crisis Are Premature
In the past few weeks, everyone from President Biden to Port Directors and pundits have claimed that we are now seeing the other side of the shipping crisis, the very same shipping crisis that has led to exorbitant and unjust costs, empty shelves, and higher prices at the cash register for the fashion industry this holiday season. The pundits claim that we can see the light at the end of the tunnel. But, to quote the immortal words of Monty Python, the shipping crisis is instead telling everyone “I’m not dead yet!”.
The White House and pundits point to the lower number of ships waiting outside the Ports of Los Angeles and Long Beach, only 26 on December 9, the clearing of some cargo off docks, and slightly slower shipping rates as their evidence that the shipping crisis’ days are numbered.
Regrettably, the reality is anything but that.
First, the ship numbers. In November, the terminal operators, the ports, and the southern California air quality regulators agreed that dozens of ships sitting out in San Pedro Bay was not really good for the environment, or for optics either. So, they reached an agreement to stage ships waiting at anchor, waiting to enter the ports, as far as 150 or 300 miles out. The 26 ships at anchor only counts the ships within 25 miles of the ports. Some have estimated the number of ships at anchor is really around 100 ships. Further, the real number that matters is how long those ships have to stay at anchor before they can berth at the ports. And that number has been creeping up over the last few months, reaching and surpassing record levels, with the Port of LA now reporting average wait times of 19.7 days and the Port of Long Beach reporting a whopping average 28.6 day wait time, a whole month.
Second, the clearing of cargo off docks. After the Ports of LA/Long Beach announced on October 25 that they would impose a so-called “super demurrage fee” on long-standing containers on docks, a fee that every ocean carrier said they would pass on to you, the shipper, there was an effort to move cargo off docks. Instead of that cargo going to you, a lot of that cargo was, in many cases, instead moved to off dock facilities. The ports, citing progress in reducing cargo on the docks, has repeatedly delayed the implementation of the fee. However, that progress has appeared to stall as the ports have cited the same 37% reduction in containers for the last three weeks.
Third, the decline is shipping rates has stalled and, on some routes, has started to increase again. The reality, however, is that even if rates continue to stay flat, or even decline slightly, those rates are still almost 4 times the rates you were paying last year.
And those pundits are ignoring the other “truths” you, the shippers, are now facing. On the U.S. side, terminal operators have started to charge shippers fees for missed appointments, and, while the Ports of LA/Long Beach have delayed it another week, other ports are now adopting the super demurrage fee for cargo stuck on the docks, all fees that will be paid by us, the shippers. More unreasonable fees that you have to pay for situations that are completely out of your control.
Add to that China’s new data restrictions making it more difficult to track ships in China, feeder operators in the Pearl River Delta region suspending service between now and Chinese New Year because of new quarantine requirements for ship crews, and a surge in blank sailings from Asia to the U.S. West Coast – all leading to more delays and more confusion.
And, finally, the current labor contract for longshoremen at U.S. West Coast ports expires on July 1, 2022. The longshoremen have already rejected an extension of the current contract. And, if past is prologue, contract negotiations can lead to strikes, work slowdowns, or lockouts.
To paraphrase Monty Python, the shipping crisis looks to be very much alive and “feeling much better”.
But there are small signs of goods news on the horizon. Thanks to the efforts of the American Apparel & Footwear Association (AAFA), and many others, we now have the full attention of the White House and the press, at least until December 25. And they are trying, not always successfully, to break the logjam. We keep pushing the need to bring all of the stakeholders to the table and lock them in a room until they come up with real solutions to bring this crisis to an end. We keep calling for immediate relief for the fashion industry by eliminating the China Section 301 tariffs and immediately renewing the Generalized System of Preferences (GSP) program and the Miscellaneous Tariff Bill (MTB).
And Congress is listening. In fact, on December 8, the House approved key legislation supported by CFDA, AAFA, and others in the fashion industry that will give the Federal Maritime Commission (FMC) real teeth over the ocean carrier industry to stop price gouging, contract violations, and unfair late (detention and demurrage) fees.
In the end, if we all work together, we can finally bring the shipping crisis to a quick and timely death.
Global Couture Gala (GCG), Fashion Event Themed “Bridging Cultures Embracing Diversity” with Top Emerging Couture Designers Who Were Selected from Various Countries Around the World
LOS ANGELES, Nov. 17, 2021 – After a long-awaited return to the runway, L Gray Image Consulting, LLC is excited to produce Global Couture Gala (GCG), fashion event themed “Bridging Cultures Embracing Diversity” with top emerging couture designers who were selected from various countries around the world. GCG is in partnership with HODL- GalaxE where the two worlds of cryptotainment and fashion unite in an evening. GCG is a world class, one of a kind, fashion extravaganza Presented by PORSCHE DTLA. Other sponsors for the show include Sheraton Grand Los Angeles and House Studios. GCG kicks off the official fashion calendar and will stream live on Saturday, March 5, 2022 at the iconic Majestic, a beautiful masterpiece located in downtown Los Angeles.
Global Couture Gala (GCG): “Bridging Cultures Embracing Diversity”
Global Couture Gala (GCG): “Bridging Cultures Embracing Diversity”
GCG Advisory Committee
GCG Advisory Committee
The purpose of the Global Couture Gala (GCG) is to provide a global fashion platform highlighting couture designers from diverse cultures around the world, to increase economic empowerment and promote LA tourism. The couture designers showing on the runway have styled some of the world’s top celebrities for red carpet events and award shows. “Too often many of these designers don’t show during Fashion Week Season at top fashion capitals of the world,” said Linda Gray, Founder and Executive Producer of GCG. “By hosting this event in LA, it will give these designers an opportunity of a lifetime to highlight their talent and showcase their exquisite designs on a world stage reminiscent of their heritage and international style.”
“The creative work of Linda and her team identifies with our core values to support events that promote diversity and inclusion,” said Victor Ghassemi, General Manager, Porsche DTLA. “We look forward to this exciting event, supporting the gala and working with the GCG team.”
HODL-GalaxE formed a new partnership with Global Couture Gala to tap the multi-million dollar NFT fashion metaverse which will leverage the combined power of crypto, entertainment and high-end fashion to create a brand new “cryptotainment” industry. The goal of the partnership is to capture the multi-billion “cryptotainment” NFT market by making high end couture fashion a major focus. Jenny Ta, Co-founder and COO of HODL-GalaxE said: “Bringing the best of all worlds together is an empowering prospect. Building cultural understanding is much like bringing the historically separate realms of finance, entertainment and fashion together to create something amazing. I’m excited about our partnership.”
WHAT: 2022 Global Couture Gala
WHERE: Majestic DTLA – 650 S. Spring Street, Los Angeles, California 90014
WHEN: Saturday, March 5, 2022 – 5:00 pm to 11:00 pm.
GCG commenced with red carpet arrivals, opening cocktail reception, couture runway show, live entertainment, after party with live streaming. The 2022 event is hosted by Award Winning Television News Personalities, Sharon Tay and DeMarco Morgan.
“GCG is rooted in diversity and inclusion and has some similarity to the New York Met Gala but framed with a distinctive, creative vision fitting for a high profile Los Angeles Red Carpet Fashion event. We want to bring diverse cultures together to share, be inspired and collaborate through various experiences. GCG was postponed in March 2020 due to the pandemic that impacted the world. People are excited to get dressed up again and see live events return. The Majestic venue will be transformed into an international runway presentation of creativity and innovation. It will surely be an evening of unparalleled excitement where fashion, beauty, live performances, cryptotainment and diverse cultures come together under one roof to celebrate diversity and inclusion,” said Gray.
For more information or for sponsorship opportunities please visit: www.globalcouturegala.com
Contact Person
Linda Gray – 310-654-8792
323933@email4pr.com
SOURCE L Gray Image Consulting, LLC
The British Beauty Council’s Sustainable Beauty Coalition launches the Planet Positive Beauty Guide to help consumers avoid “greenwashed” products
LONDON, Oct. 29, 2021 — A new study found that 48% of consumers are looking for more information and clarity about brands’ values and commitments to the environment[1]. The study, conducted by Provenance, a transparency tech company that helps brands prove their eco-claims, and online beauty retailer Cult Beauty, surveyed the attitudes of more than 23,000 beauty shoppers over a 12-month period.
The study also found that there was confusion about which ingredients are environmentally friendly and which simply sound as though they are. The top issues that shoppers are interested in were ingredients, recyclability of packaging and animal welfare[2].
The latest finding also supports the recent research by the British Beauty Council, which found that 42% feel guilty about the environmental impact of their beauty purchases and nearly half want to know more about how the brands they buy impact the environment[3].
Despite many brands committing to using 100% recyclable packaging by 2025, which is in line with the UK Plastics Pact, 61% of consumers struggle to tell if hair and skincare products are ethical from the packaging[4] and 42% want to know details of brand values and commitments to social causes[5].
To help consumers navigate through the minefield of baffling ingredient jargon and confusing claims, the British Beauty Council’s Sustainable Beauty Coalition has created the Planet Positive Beauty Guide – a definitive industry guide featuring easy-to-digest information to help consumers make greener beauty choices more confidently. Drawing on a transparency framework from Provenance, it includes a comprehensive list of claims often made by the beauty industry and straightforward descriptions to help consumers understand what to look for (and to avoid) when shopping for beauty products. The Planet Positive Beauty Guide also highlights certifications and third-party verification that shoppers can easily check for, to ensure brands can back up their eco-claims, and are not therefore greenwashing their products.
“This phenomenon, called ‘greenwashing’ can be seen not only in the misleading use of claims such as ‘natural’ and/or ‘organic’ but also ‘environmentally friendly’, ‘clean’ or ‘green’. Greenwashing not only means shoppers are making what they think are ‘green’ choices which can actively harm the environment, it also drains credibility from honest brands that are genuinely sustainable and environmentally friendly,” said Jayn Sterland, Chair of the Sustainable Beauty Coalition.
The Planet Positive Beauty Guide is split into four chapters:
Ingredients: Most claims made in the ingredients category are not regulated so there is widespread confusion surrounding definitions and, most importantly, why they matter. This section breaks down common terms including ‘organic’, ‘vegan’ and ‘cruelty-free’ and highlight certifications that you should look out for.
Packaging: With 95% of packaging thrown away, packaging is one of the biggest sustainability challenges facing the beauty industry. This section helps shoppers understand key packaging terms such as ‘biodegradable’, ‘recyclable’ and ‘plastic free’ and gives practical tips to help consumers make better choices and avoid waste going to landfills.
People: Whilst the planet is at the heart of sustainability, you cannot get there without a fair and sustainable society. People are at the heart of this, and planet positive brands have a responsibility to society, too. This section highlights the key terms, including ‘fair tax’ and ‘living wage’, to help shoppers support brands and products that treat people fairly.
Sustainable Sourcing: Sustainable sourcing is more than ingredients and packaging; it brings together the elements needed to make the world a fairer place to live and work. Key terms explored in this section include ‘carbon footprint’, ‘biodiversity’ and ‘net-zero’.
Supporting the Competition and Markets Authority’s newly published Green Claims Code, which aims to help businesses communicate their green credentials while reducing the risk of misleading consumers when making environmental claims, the Planet Positive Beauty Guide will help inform shoppers, and encourage the beauty industry to deliver accurate and transparent communications around their product and packaging claims.
Members of the Sustainable Beauty Coalition contributed to the guide, including Jayn Sterland, Managing Director of Weleda UK; Helen Cox, Global Environmental Reporting Lead at Lush; Jo Chidley, Co-founder of Beauty Kitchen; Jessi Baker, MBE and founder and CEO of Provenance; and Oriele Frank, Chief Product & Sustainability Officer and Co-founder of Elemis.
Notes to Editors
1Cult Beauty survey by Provenance
2Cult Beauty survey by Provenance
3British Beauty Council’s The Courage To Change Report
4We Do Poll (June 2021)
5Cult Beauty survey by Provenance
ABOUT THE SUSTAINABLE BEAUTY COALITION
Formed by the British Beauty Council, The Sustainable Beauty Coalition (SBC) aims to accelerate the sustainability efforts in the beauty industry and work with government representatives to support the race to net zero campaign. The coalition was launched on the back of the British Beauty Council’s sustainability report Courage to Change.
Headed by Jayn Sterland, Managing Director at Weleda UK, the SBC is made up of a 10-strong steering committee, which includes Jo-Anne Chidley, Founder of Beauty Kitchen; Joanne Cook, Trading Director for Beauty & Sports Nutrition at Holland & Barrett; Helen Cox, Global Reporting Lead at Lush; Phil Cumming, Global Head of Sustainability at Walgreens Boots Alliance; Natalie Deacon, Head of Corporate Affairs & Sustainability at Avon; Michelle Feeney, Founder of Floral Street Fragrances; Oriele Frank, Chief Product & Sustainability Officer and Co-Founder at Elemis; Mark Smith, Director General at Natrue; Sian Sutherland, Co-Founder of A Plastic Planet; and Sara Vaughan, Global Chief Purpose & Sustainability Advisor at Marie Claire. The SBC is supported by an extensive advisory committee that includes industry experts, brand owners and industry body representatives from across the beauty sector.
For more information: https://britishbeautycouncil.com/sustainable-beauty-coalition/
CONTACT: Emma Alsop – +44 (0)7795 474481 – Emma.alsop@seengroup.com
SOURCE British Beauty Council
2021 Mr. Olympia Results: Big Ramy Wins 2nd Title in Dramatic Fashion
ORLANDO, Fla., Oct. 10, 2021 /PRNewswire/ — Big Ramy, Mamdouh Mohammed Hassan Elssbiay, the bodybuilder from Egypt, has won his the 2021 Mr. Olympia bodybuilding title in back to back fashion.
It was dramatic because the chatter had been, on multiple insider sites, that the pre-judging from the day before was that Big Ramy had lost a step to competitors such as Brandon Cury or Hadi the Persian Wolf.
Big Ramy wins 2021 Mr. Olympia, his second consecutive crown. Big Ramy and Enhanced continue to rapidly ascend.
But on Saturday night Ramy came back better, and made it almost impossible for the judges to claim any other champion.
This comes after the Olympia weekend in which Enhanced Labs, the main sponsor of Big Ramy, rocked the exposition and runup with the largest two-story booth, over 15 athletes in residence, and giving away full-size supplements to many attendees.
Enhanced Labs has continued to make major gains in the supplement and body building industry over the past twelve months. Releasing EAA+ with 11x Mr. Olympia competitor Dennis James which sold out 3 production batches within the first 120 days on the market, becoming trade partners with Bodybuilding.com the largest distributor of online supplements, and launching protein and pre-workout products with Big Ramy.
Big Ramy leads the other athletes of Enhanced Labs including Big Dennis James, Rodrigue Chesnier, Casey Delong, Melissa Brodsky, Craig Golias, Minna Pajulahti, Noora Mahonen, Juliana Silva, Gisele Machado, Devyn Cambre, Carolyne Marquez, Paul James, Brian Andraos, and Dillon Salva.
As Big Ramy was winning his second, back to back, Mr. Olympia title, Gisele Machado was delivering knock out punches at a show in Mexico City, and Melissa Brodsky was prepping for her show just five days later in Kentucky.
Enhanced Labs has continued its pace of 10% monthly growth since inception in November of 2019, continuous, by building products that focus on quality and science over discounts and flavor variety. By focusing on quality and science, it is a natural landing place for high performing athletes of all sorts, from body builders, to MMA fighters, personal trainers, and individuals who take their fitness, health, and supplementation very seriously.
The products can be found at www.getenhanced.shop.
Next up for Big Ramy: The Dubai Muscle show, where again Enhanced Labs has a two-story booth and rolling out their new GCC, Dubai, and Middle East distribution chain. Catch him at the Dubai Muscle show booth for another opportunity to meet the reigning, two-time, champion of all body builders.
Winter is here. And its very, very cold.
Contact: Enhanced@GetEnhanced.shop
Immortals Unveils “Zero Profit Pricing” Merch Strategy For Its New Essentials Clothing Line
LOS ANGELES, Sept. 9, 2021 /PRNewswire/ — Today, esports organization Immortals announced Immortals Essentials, a new line of brand merchandise with “zero profit pricing.” The strategy behind the Immortals Essentials line is consistent with the organization’s broader objective to lower barriers to entry for fans as well as brands keen to enter or further engage with esports and competitive gaming.
Immortals highlighted four distinct features of this new merchandise program: (1) lower prices; (2) enhanced product quality; (3) free shipping; and (4) taking zero profits.
“We’re excited to announce our ‘zero profit pricing’ for the Immortals Essentials line. Immortals is contribution margin positive across all business units, which allows us to offer this merch line in a more accessible way to fans — while yielding zero profit to us,” said Immortals President & CCO Jordan Sherman. “We want to consistently deliver value back to our new and existing fans, rewarding them for their passion and loyalty. Offering an enhanced product with zero profit and passing the savings on to these fans allows us to do just that.”
The Immortals Essentials collection brings a fresh new minimalist branding style to a unisex line of t-shirts, hoodies, hats, and more. Prices range from $17-$40. Immortals partnered with We Are Nations to create quality merchandise at affordable prices, bringing the “zero profit pricing” initiative to life.
“Immortals’ approach to merchandise is fresh and progressive within esports,” said Alex Romer, We Are Nations CEO. “We Are Nations is excited to collaborate with a forward-thinking organization like Immortals, eager to engage its partners and both new and loyal fans in this way.”
The Immortals Essentials collection is now available exclusively on the newly updated www.Immortals.gg at the new price point. Current merchandise available on the website, including the POINT3 collection, is discounted to align with Immortals’ accessibility-focused and fan-centric merch strategy.
About Immortals
Founded in 2015, Immortals is a US-based esports and gaming organization that competes across multiple premier esports titles, including League of Legends (LCS), VALORANT, Overwatch, and Wild Rift. Through its competitive operations as well as community-driven activations and initiatives, tournaments, partnerships, and more, Immortals is dedicated to using gaming as a connective force linking its players, staff, and the broader gaming community.
For more information, please visit www.Immortals.gg and follow us on Twitter, Instagram, TikTok, YouTube, and Snap.
About We Are Nations
Founded in 2017, We Are Nations are based in Nashville and London and are renowned specialists in professional esportswear and one of the world’s biggest direct to consumer esports’ retailers. The company partners with some of the world’s top esports teams, including Immortals, MiBR, G2 Esports, Complexity, and FPX and game publishers including Ubisoft on Rainbow 6:Siege and Capcom on Street Fighter, designing and producing high-quality official licensed apparel and merchandise for the rapidly growing global army of esports competitors and fans.
Media Contact:
immortals@thestorymob.com
Ottawa invests over $2M to support fashion and clothing SMEs
MONTRÉAL, July 9, 2021 /CNW Telbec/ – Canada Economic Development for Quebec Regions (CED)
Montréal and the Montérégie region count several dynamic businesses and organizations with innovative ideas helping to create a strong local economic fabric. Some organizations have succeeded in adapting to the pandemic and are prospering, while others have had to reduce their operations. Today, as we plan for the economic recovery, they need support now more than ever to ensure their communities remain robust. The Government of Canada has committed to assisting them as they pursue their activities and to fostering their growth and success.
With this in mind, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for CED, accompanied by the Honourable Pablo Rodriguez, Quebec Lieutenant, Leader of the Government in the House of Commons and Member of Parliament for Honoré–Mercier, today announced financial support totalling $2,052,046 for apparel research and innovation centre Vestechpro, technology transfer centre CTT Group and Metropolitan Fashion Cluster mmode.
Contribution details are as follows:
Apparel research and innovation centre Vestechpro is a college centre for technology transfer affiliated with Cégep Marie-Victorin that offers innovation and R&D support, technology transfer, training, professional development and strategic information sharing services to garment businesses and organizations. The organization is receiving a non–repayable contribution of $1,251,040 to acquire specialized cutting-edge technology equipment that complements its existing fleet of equipment to help Greater Montréal and Quebec SMEs with their applied research and experimental development garment projects. This project will lead to the creation of four jobs.
Located in Saint-Hyacinthe, CTT Group, a multiservice centre supporting textile business development, fosters the development, production, use and commercialization of textiles, geosynthetics and other value-added flexible materials. The organization has received a non–repayable contribution of $601,006 to acquire and install equipment for an innovation and technology transfer project that will enhance the performance of Quebec and Canadian textile businesses and ensure they remain sustainable.
Metropolitan Fashion Cluster mmode is an NPO that works to create business synergy and stimulate innovation to boost competitiveness and help Quebec’s fashion industry grow. The NPO will receive a non-repayable contribution of $200,000, in addition to an initial $600,000 announced in 2018. This support will enable the organization to continue, in 2021, to structure the cluster’s network, a project also aimed at raising the Quebec fashion industry’s profile, stimulating innovation, enabling innovative SMEs in the sector to commercialize their products and services internationally and boosting their competitiveness.
The Government of Canada recognizes and supports innovative businesses and organizations that are a source of pride in their communities. Quebec’s economic recovery relies, among other things, on organizations that are well grounded in the regional economy. Innovation is a major contributor to growth, as well as a key asset in rebuilding a stronger, more resilient, and more just economy for all.
Quotes
“Helping businesses grow and innovate so they can boost their competitiveness and create good–quality jobs is at the core of our priorities. That is why, through our recovery plan for a stronger economy, we are providing our support to these three organizations whose success is raising the profile not just of the Greater Montréal region but of the entire Canadian economy. We are here to assist workers and Quebec and Canadian SMEs in these difficult times; we are helping them equip themselves with what they need so that, together, we can rebuild a stronger, more resilient and more prosperous country as we slowly come out of the crisis caused by the pandemic.”
The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED
“Thanks to a quickly advancing vaccination effort, we can now go into high gear to kickstart our economy. We have a plan to build a greener, more innovative economy, because that is how good–paying jobs are created. That is exactly what we are doing today in supporting fashion and garment SMEs. We are creating good jobs for Montréal and Montérégie families.”
The Honourable Pablo Rodriguez, Quebec Lieutenant, Leader of the Government in the House of Commons and Member of Parliament for Honoré–Mercier
Quick facts
Funds have been granted under CED’s Regional Economic Growth through Innovation program and CED’s Quebec Economic Development Program.
The additional non-repayable contribution granted to Metropolitan Fashion Cluster mmode is conditional on the signing of an agreement between CED and the organization.
A successful economic recovery will depend, among other things, on the vaccination of as many Canadians as possible. To learn more: Vaccines for COVID-19.
CED is a key federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow’s economy.
Associated links
Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience
Canada’s COVID-19 Economic Response Plan
Coronavirus disease (COVID-19)
Stay connected
Follow CED on social media
Consult CED’s news
SOURCE Canada Economic Development for Quebec Regions
CONTACT: Media Relations, Canada Economic Development for Quebec Regions, dec.media.ced@canada.ca; Catherine Mounier-Desrochers, Press Secretary, Office of the Minister of Economic Development and Official Languages, catherine.mounier-desrochers@canada.ca
Fashion Shenzhen Show | Sounded the Fashion Rallying Call in the Post-Pandemic Era
SHENZHEN, China, July 5, 2021 — On July 4, 2020, the 20th China International Fashion Brand Fair-Shenzhen (“2020 FASHION SHENZHEN SHOW – July Edition “) officially opened at the Shenzhen Convention and Exhibition Center (Futian). The RUNWAY Fashion Week was held at the same time.
On July 4, 2020, the 20th China International Fashion Brand Fair-Shenzhen (“2020 Fashion Shenzhen Show – July Edition “) officially opened at the Shenzhen Convention and Exhibition Center (Futian). The RUNWAY Fashion Week was held at the same time.
FASHION SHENZHEN SHOW bucked trends, combining the implication of big data, mobile internet, cloud platform and other technological means, through the in-depth integration of “exhibition, fashion runway, conference, business match making, and industry awards”, further facilitated industry trade exchanges and fashion consumption, and hence accelerated the Chinese fashion industry recovering from the influence of the Covid-19 outbreak.
With the theme of “Restart • Recovery 2.0”, and answering fashion market demands, the 2020 FASHION SHENZHEN SHOW – July Edition were divided into 6 main exhibition areas: Aesthetic Power, Design Attitude, Modern Manufacture, Fashion Accessories, Next Showroom and Fashion Solution, which assisted exhibitors to harvest orders, and match the affluent business resources for retail channel expansion and brand promotion.
In 2021, FASHION SHENZHEN SHOW will undergo a systematic and strategic upgrade, turn a trade exhibition into a commerce system covering the entire chain of the fashion industry -“Fashion Shenzhen”. It consists of five series of activities including FashionSZshow, THE RUNWAY FASHION WEEK, NEST SHOWROOM, and GBA FASHION SUMMIT, FASHIONSHENZHEN·AWARDS.
FASHION SHENZHEN SHOW will persistently integrate fashion resources from all over the world, assist fashion companies and the Chinese fashion industry to cope with challenges in the new era of the post-epidemic period.
SOURCE FASHION SHENZHEN SHOW
CONTACT: Yu Hu, +86-755-23824007, huyu@fashionszshow.com
French Clothing Manufacturer Lemahieu Chooses Infor to Support Growth and Reinforce its Responsible French Brand
RUEIL-MALMAISON, France, April 26, 2021 /PRNewswire/ — Infor, the industry cloud company, today announced that Lemahieu, a French clothing and underwear designer and manufacturer with a strong social, environmental and local identity, has chosen Infor’s multi-tenant cloud ERP solution dedicated to the fashion and textile industries: Infor CloudSuite Fashion.
Founded in 1947 and based in the Hauts de France region, Lemahieu was established as a family business with a strong local identity. Proud of its know-how and its responsible brand image, the company has embraced each of the successive revolutions linked to technological innovations, particularly in IT.
Since 2019 and the takeover of the company by Martin Breuvart and Loïc Baert, Lemahieu has experienced significant growth, going from 90 to 130 employees in less than 36 months. The company is now engaged in a project to restructure its production processes based on the Infor CloudSuite Fashion solution. This restructuring is in order to better respond to the dynamics of the market and to the requirements of quality and social and environmental responsibility that Lemahieu has imposed on itself and to which the brand’s customers fully adhere.
“We are strongly attached to the values we display and which, obviously, generate a positive dynamic in the textile industry that we want to be local, original, respectful and of high quality,” says Loïc Baert, Lemahieu’s co-director. “The goal for us with the Infor ERP implementation project is continuing to strengthen our image as a manufacturer by adopting increasingly controlled production processes.”
Behind the image lies a complex industrial dynamic for Lemahieu, which controls the entire production chain, from product design to manufacturing, quality control and shipping. “All of the data and information generated by our various businesses at each stage of the manufacturing process must be immediately usable in order to accelerate our processes thanks to a global and real-time vision,” Baert says. “We aim not to increase production in terms of scale, but to diversify it in order to meet the specific expectations of customers seeking to stand out with original and personalized products.”
Lemahieu assessed more than 20 software solutions before choosing Infor CloudSuite Fashion. Without an in-house CIO, the company worked closely with a consultant and its production manager, Alexandre Payoux, who was already familiar with Infor M3 (the ERP backbone of Infor CloudSuite Fashion). The company undertook the integration of CloudSuite Fashion in close collaboration with Infor’s partner, Authentic Group, whose implementation methodology and proximity-based support approach convinced and reassured Lemahieu regarding the progress and success of the project.
“The project was ambitious for a small business used to processes inherited from aging solutions but strongly anchored in the company’s practices and culture,” says Fabrice Caumette, Authentic Group’s operations manager. “That said, the numerous references in the fashion and textile sector displayed by Infor — including Zadig&Voltaire, Orchestra, Chausport and Dresco — reassured Lemahieu of the product’s ability to embrace their requirements and to integrate its businesses within an agile, modern and scalable tool. The young employees, digital natives recently integrated into the company, will quickly be able to master the solution and use the consolidated data to generate long-term growth.”
For Infor, the project is also ambitious in that it must demonstrate the ability of an enterprise solution to meet the demanding requirements of a company whose relatively modest size conceals an organization of business processes as numerous as they are complex.
“Lemahieu is not just another player in one of the world’s most dynamic fashion sectors,” says Philippe Maillet, Infor SMB & channel sales director for France. “The quality of its products, resulting from a dynamic organization — from design to production to shipping — and its desire to respond quickly to specific orders from customers who are very attached to strong socio-environmental values are all elements that must be integrated into the IT project. Infor CloudSuite Fashion is the ideal solution to meet these challenges, not only because of its functionalities dedicated to the textile industry, but also because of its cloud deployment mode. The latter allows great flexibility and system security management, providing Lemahieu exclusive access and control over its data, which is hosted by our partner AWS.”
About Lemahieu
Lemahieu is one of the last “hosiery manufacturers” in France and the last in its region. The company has become a true specialist in “creation, manufacturing, knitting” through its underwear, tee-shirts, sweatshirts, comfortable clothing labeled “Good for Man and the Environment.” Thanks to its fully integrated production tool, Lemahieu continues its evolution and develops, in collaboration with its privileged customers, ever more technical products in a sustainable and ethical manner. Located in the Hauts de France, Lemahieu has been contributing to local life and employment for over 70 years.
For more information: www.lemahieu.com
About Authentic Group
Founded in 2004, Authentic Group is a recognized expert in the Infor M3 and Infor CloudSuite ERP integration. Authentic Group’s mission is to accompany its customers on their digital transformation in France and abroad. Authentic Group intervenes in the implementation of specific business processes that improve productivity and user experience around several offers:
Infor M3 & Infor CloudSuite: implementation, deployment, migration, support
Methodology: agility and reactivity for shorter and less expensive projects
Vertical solutions: purchase to pay, business intelligence
In accordance with its values, Authentic Group always places the well-being of the user at the heart of its project approach. Authentic Group is an Infor strategic partner in France, Canada and the United States. To learn more, please visit www.authentic-grp.com.
About Infor
Infor is a global leader in business cloud software specialized by industry. Providing mission-critical enterprise applications to 67,000 customers in more than 175 countries, Infor software is designed to deliver more value and less risk, with more sustainable operational advantages. We empower our 17,000 employees to leverage their deep industry expertise and use data-driven insights to create, learn and adapt quickly to solve emerging business and industry challenges. Infor is committed to providing our customers with modern tools to transform their business and accelerate their own path to innovation. To learn more, please visit www.infor.com.
For more information:
Richard Moore
Infor PR, EMEA
Richard.Moore@infor.com
+447976111243
Beautycounter, the Industry Leading Clean Beauty Brand, Partners with The Carlyle Group to Fast-Track Growth
NEW YORK, April 13, 2021 /PRNewswire/ — Counter Brands, LLC, parent company of Beautycounter, the leader in clean beauty, and global investment firm The Carlyle Group (NASDAQ: CG) today announced that Carlyle has acquired a majority stake in Beautycounter. The partnership will allow Beautycounter to accelerate its strategic initiatives, including increasing brand awareness as well as bolstering the company’s innovative, integrated, omni-channel business model. The transaction values the company at $1 billion.
Beautycounter is a mission driven, digitally native, clean beauty brand that has continued to lead and define the future of the global beauty industry since its launch in 2013. The company’s efforts have led the way for ingredient innovation and transparency, having introduced The Never List™ to ensure 1,800 questionable or potentially harmful ingredients are never used in its product formulations as part of its Blueprint for Clean; achieved clinically-proven product efficacy, creating award-winning makeup and skincare driving consumer loyalty; and prioritized advocacy, passing nine pieces of legislation to advance personal care product safety in the United States. This consumer-first combination is what Beautycounter strives to consistently deliver for its community and is what sets it apart as a leader in the beauty industry.
“In 2013, I launched Beautycounter with the simple mission to get safer products into the hands of everyone,” said Beautycounter Founder and CEO Gregg Renfrew. “Today marks an exciting and important milestone for our company and I am so proud to partner with Carlyle as we continue to work toward achieving that mission. I have long admired Jay and the team at Carlyle for their experience working with brands at the intersection of cultural relevance and consumer demand and believe that our combined vision will be instrumental in accelerating Beautycounter as the leader in clean beauty, and in the beauty industry as a whole.”
“We are so excited to partner with Gregg and her outstanding executive team to support Beautycounter’s movement to bring safer products to consumers,” said Jay Sammons, Head of Global Consumer, Media & Retail, The Carlyle Group. “Beautycounter is a pioneer and leader in the fast-growing clean beauty industry, and we see an opportunity to support a talented, founder-led team in amplifying the brand’s mission to change beauty forever.”
The investment in Beautycounter builds on Carlyle’s long-term focus on partnering with founder-led brands focused on growth. Equity capital for the investment came from Carlyle Partners VII, an $18.5 billion fund that makes majority and strategic minority investments primarily in the U.S. in targeted industries, including Consumer, Media & Retail.
Evercore acted as lead financial advisor, and Goldman Sachs acted as financial advisor to Beautycounter, and Latham & Watkins served as legal counsel. Kirkland & Ellis acted as legal counsel to Carlyle. Mousse Partners also participated in this round of financing, having previously invested in the company in 2018.
To learn more, visit beautycounter.com.
About Beautycounter
Founded by Gregg Renfrew in 2011 and launched in 2013, Beautycounter is the leader in clean skincare and cosmetics whose mission is to get safer products into the hands of everyone. The Santa Monica, CA-based brand leads the way for improved transparency and accountability in the beauty industry, including advocacy efforts that update federal regulations that have stood largely unchanged since 1938.
Beautycounter is an omni-channel brand and is available today online, in physical retail stores, through strategic partnerships, and through its community of more than 65,000 independent sellers across North America.
Beautycounter offers more than 100 products that have earned numerous awards, including Fast Company’s Most Innovative, Allure’s Best of Beauty, Glamour’s Beauty Awards, Refinery29’s Innovators List, WWD’s 2019 Best-Performing Beauty Company, and CNBC’s Disruptor 50. For more information, visit www.beautycounter.com, follow on Instagram @beautycounter, Twitter @beautycounterhq, Facebook @beautycounterhq, and YouTube @beautycounter.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $246 billion of assets under management as of December 31, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs 1,825 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.
SOURCE Beautycounter
CONTACT: Brittany Berliner, +1 (212) 813-4839, brittany.berliner@carlyle.com; Meaghan Curcio, +1 (917) 353-3001, meaghan.curcio@beautycounter.com
Sally Beauty Holdings Supports Female Entrepreneurs Through Cultivate Program
DENTON, Texas, April 6, 2021 /PRNewswire/ — Today, Sally Beauty Holdings announced all four brands selected for the 2020 Cultivate Cohort have been granted distribution. Customers will be able to purchase Peculiar Roots, UniQurl, and Pattie Yankee Products at select Sally Beauty stores, and online at SallyBeauty.com and CosmoProfBeauty.com. In addition, True + Pure Texture will continue to be available online at SallyBeauty.com and CosmoProfBeauty.com. The Sally Beauty Holdings Cultivate program is designed to empower female-founded beauty brands and help bring their visions and business plans to life.
Sally Beauty has a long history of supporting and launching female-founded businesses. It was the first national beauty retailer to distribute popular women-owned hair care brands like Made Beautiful and Mielle Organics. Providing widespread distribution of these brands from their earliest days helped accelerate their businesses into becoming some of the most well-known and loved hair care brands sold today. Continuing this legacy, Sally Beauty Holdings launched Cultivate – For Women by Women in 2018 as a business accelerator program to help female beauty entrepreneurs grow their businesses.
“We have always recognized a need for female entrepreneurs to have a platform to effectively expand their businesses,” said JC Johnson, Group Vice President, Digital Strategy and Innovation, Sally Beauty Holdings. “We are proud of the four incredible brands and are excited to be part of their journey. We look forward to partnering with many more emerging brands and female entrepreneurs in the future!”
This year’s finalists consisted of an inspiring and accomplished group of female-founders. As part of the retailer’s commitment to invest in emerging brands, Sally Beauty Holdings chose to support all four deserving female-founders because their products are unique and each fills a current gap in the market. Sally Beauty Holdings rewarded the Cultivate Cohort brands with business grants worth a combined total of $60,000 and exclusive access to a virtual 4-week retail readiness boot camp that culminated with a pitch presentation. During the virtual presentation, each brand received valuable feedback from key leaders such as Chief Executive Officer Chris Brickman, Chief Merchandising Officer Pam Kohn, Sally Beauty President John Goss, and Cosmo Prof President Mark Spinks. In addition to distribution, Sally Beauty will be putting Marketing support against all of the brands through its social, digital, e-commerce, and in-store channels, where applicable.
2020 Cultivate Cohort Brands:
UniQurl – Formulated for kinky curls, Registered Nurse Alexis Stanley developed UniQurl’s hair care line to serve a hair type that has traditionally lacked options. Each product is designed to maintain and nourish naturally kinky hair to reveal its unique curl patterns with gentle cleansers, powerful moisturizers, and silkening conditioning agents like Aloe Vera, Mint, Coconut, and Almond. Infused with natural and organic ingredients, UniQurl products melt away stubborn tangles with minimal effort while improving elasticity and shine.
The following products are available in select Sally Beauty stores & online at SallyBeauty.com and CosmoProfBeauty.com
UniQurl AloeMint 2-in-1 Conditioning Shampoo
UniQurl AloeMint 2-in-1 Silkening Deep Conditioner
UniQurl Aloe & Coconut 4-in-1 Styler
UniQurl Aloe & Almond Moisture Sealing Hair Oil
Peculiar Roots — Driven by their passion to see consumers with locs and natural hair receive the pampering and care they deserve, Carl and Tara Darnley set out to create Peculiar Roots. The buildup free hair care collection conditions, cleanses, and moisturizes the hair and scalp with a flake-free formula.
The following products are available in select Sally Beauty stores & online at SallyBeauty.com and CosmoProfBeauty.com:
Braids, Locs & Twist Firm Hold Pomade
Nourishing & Conditioning Hair Oil
Cherry Blossom Refresher Spray with Rose Water
Clarifying & Detox Charcoal Shampoo
Flaxseed Styling Mousse
Pattie Yankee Products — Celebrity nail artist Pattie Yankee, one of the most sought-after nail experts in the industry, is taking DIY nails to the next level with her line of quick nail extension solutions. Inspire Nails are easy to apply and just as easy to remove without damaging the natural nail. The clear and natural nail extensions serve as a blank canvas suitable for any nail polish, gel polish, or nail art. Featuring a super hold adhesive that requires no glue.
The following products are available in select Sally Beauty stores & online at SallyBeauty.com and CosmoProfBeauty.com:
Inspire 24 DIY Pre-Glued Clear Almond Nails
Inspire 24 DIY Pre-Glued Natural Square Nails
True + Pure Texture – Celebrity stylist, natural hair expert, and salon owner, Pekela Riley, was inspired to create a line of products made for women of color from diverse backgrounds. She created a luxury collection of natural-looking hair extensions specifically designed to blend in with multicultural hair. True + Pure Texture ponytail and clip ins are meticulously crafted to develop beautiful, natural hair textures that blend kinks, coils, curls, and waves.
The following products are available online at SallyBeauty.com and CosmoProfBeauty.com:
Jasmine Coil Ponytail (16 inch)
Jasmine Coil Clip In (12 inch)
Jasmine Coil Clip In (16 inch)
For more information about the Cultivate Cohort, visit Sallybeauty.com/cultivate.
About Sally Beauty Holdings, Inc.
Sally Beauty Holdings, Inc. (NYSE: SBH), as the leader in professional hair color, sells and distributes professional beauty supplies globally through its Sally Beauty Supply and Beauty Systems Group businesses. The Company operates more than 5,000 stores, including 143 franchised locations. Sally Beauty Supply stores offer up to 8,000 products for hair color, hair care, skin care, and nails through proprietary brands such as Ion®, Generic Value Products®, Beyond the Zone® and Silk Elements® as well as professional lines such as Wella®, Clairol®, OPI®, Conair® and Hot Shot Tools®. Beauty Systems Group stores, branded as CosmoProf® or Armstrong McCall® stores, along with its outside sales consultants, sell up to 10,500 professionally branded products including Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico® and CHI®, intended for use in salons and for resale by salons to retail consumers. For more information about Sally Beauty Holdings, Inc., please visit https://www.sallybeautyholdings.com/.
SOURCE Sally Beauty Holdings, Inc.
CONTACT: Media Contacts: Sally Beauty Holdings, Anya Powe, Apowe@praytellagency.com; Praytell Agency, Cara Ward, cara.ward@praytellagency.com
Related Links
http://www.sallybeauty.com
BMW of North America Returns to New York Fashion Week as Official Automotive Partner
Woodcliff Lake, NJ – February 11, 2021… BMW of North America returns as the Official Automotive Partner of New York Fashion Week: The Shows for the FW ‘21 season. In this latest chapter of their partnership, BMW and IMG will join in support of New York Fashion Week (NYFW) to celebrate fashion, culture, design and economic development. The highlight of this year’s activation is a custom content series with luxury womenswear fashion designer – and New York City’s own – LaQuan Smith. The content will showcase the intersection of the fashion and automotive industries, as well as highlight how Smith and his team have continued to innovate, inspire and persevere throughout the past year.
“Over the past two years, New York Fashion Week has become an important platform for BMW, one on which we can not only showcase, but also celebrate the diversity and inclusivity of the fashion community,” said Uwe Dreher, vice president of marketing, BMW of North America. “The natural connection between high fashion and a premium automotive company such as BMW extends beyond design and style to include a spirit of innovation and performance, which is what makes this partnership with LaQuan Smith so authentic.”
The content series will illustrate the parallels between the fashion and automotive creative processes, and how visionary design takes time, perseverance and authenticity. Smith’s Queens roots, unapologetically glamorous collections and larger-than-life energy make him the perfect partner to show how creativity and determination come together to create power, which is not only visible in Smith’s creations, but also in the designs of the BMW X5 M and X7 Sports Activity Vehicles that are featured in the series.
“I am thrilled to have partnered with BMW of North America on this special content series in celebration of NYFW,” said LaQuan Smith. “There has been a genuine synergy between both brands from the onset, which has highlighted the parallels of luxury craft and design between the fashion and automotive industries, as both have continued to innovate and persevere through these challenging times.”
BMW of North America’s role as Official Automotive Partner of New York Fashion Week underscores the brand’s decades-long commitment to the arts and culture, a cornerstone of its efforts to engage diverse audiences in new and innovative ways. The custom content series serves as a notable kickoff to BMW of North America’s partnership and debuts on February 13, 2021.
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Follow BMW of North America on Instagram @BMWUSA, Twitter @BMWUSA and Like BMWUSA on Facebook.
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BMW Group In America
BMW of North America, LLC has been present in the United States since 1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in 2003. The BMW Group in the United States has grown to include marketing, sales, and financial service organizations for the BMW brand of motor vehicles, including motorcycles, the MINI brand, and Rolls-Royce Motor Cars; Designworks, a strategic design consultancy based in California; technology offices in Silicon Valley and Chicago, and various other operations throughout the country. BMW Manufacturing Co., LLC in South Carolina is the BMW Group global center of competence for BMW X models and manufactures the X3, X4, X5, X6 and X7 Sports Activity Vehicles. The BMW Group sales organization is represented in the U.S. through networks of 349 BMW passenger car and BMW Sports Activity Vehicle centers, 143 BMW motorcycle retailers, 117 MINI passenger car dealers, and 38 Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Group’s sales headquarters for North America, is located in Woodcliff Lake, New Jersey.
Kohl’s Strengthens Commitment to Milwaukee Community with $1 Million Donation to Local Nonprofits
MENOMONEE FALLS, Wis – Kohl’s (NYSE: KSS) announced today it is strengthening its commitment to the Milwaukee community with a $1 million donation to five nonprofit organizations that serve diverse communities. As part of Kohl’s pledge to create an environment where everyone feels a sense of equity, where diversity is valued at all levels, and where inclusion is evident across our business, the company created a new Diversity & Inclusion (D&I) framework addressing three pillars: People, Commerce and Community. This new donation is one action the company is taking to further support Community efforts.
The five benefiting nonprofits include three new Hometown partners — The Milwaukee Urban League, Employ Milwaukee (EMI), and Acts Housing — and a renewed commitment to two of Kohl’s existing Hometown partners — Safe & Sound and Boys & Girls Clubs of Greater Milwaukee. The partnerships reflect a joint commitment between Kohl’s and area nonprofits to improve equity and economic empowerment for Black and Hispanic residents in under-served communities in the Milwaukee area. In addition to financial contributions, Kohl’s will support the nonprofit organizations through associate volunteerism, leadership engagement and creating opportunities for a talent pipeline to Kohl’s.
“Kohl’s has a long history of supporting families in the Milwaukee community through our strong hometown partnerships, and we are very excited to bring on The Milwaukee Urban League, Employ Milwaukee and Acts Housing and increase our commitment to Safe & Sound and Boys & Girls Clubs of Greater Milwaukee,” said Michelle Gass, Kohl’s chief executive officer. “At a time when there is a clear call to action to do more to address inequities for People of Color, Kohl’s is committed to actions that support long-term sustainable progress in supporting these organizations. We look forward to sharing more of our plans and actions in the future to enhance diversity and inclusivity in our workplace, in our business and in the communities we serve.”
Kohl’s New Hometown Nonprofit Partnerships
The Milwaukee Urban League: With its financial commitment of $150,000, Kohl’s will support The Milwaukee Urban League’s mission to lead through education, employment, and advocacy to achieve economic vibrancy and equal access to all industries and disciplines that position African Americans to create wealth and live a better quality of life. The Milwaukee Urban League’s vision is to ensure that Wisconsin becomes a top 10 place for African Americans to live and thrive and where the greater Milwaukee area becomes a leader in education and socioeconomic inclusion.
Employ Milwaukee (EMI): Kohl’s donation of $250,000 to Employ Milwaukee will support workforce development and help the region to build a diverse, skilled workforce while connecting underrepresented individuals to quality, family-sustaining employment and career advancement opportunities.
Acts Housing: Through its commitment of more than $250,000, Kohl’s will provide access to homeownership opportunities for low-income families, who in turn will help transform their blocks, neighborhoods, and even the city. Acts Housing believes that a safe, stable home provides a foundation for a family and can serve as a catalyst for success. By helping all families who are willing to put in the work to become homeowners, they provide a pathway out of the housing crisis and help build stronger communities.
Safe & Sound: Kohl’s support of more than $175,000 will allow Safe & Sound to continue providing their unique model of community organizing and engagement that brings together residents, youth, and public safety resources. This support will also help lay the groundwork for the organization’s Collective Impact movement, which will bring together grassroots community organizations, resident leaders, youth, public safety agencies, local businesses and other community stakeholders to quantify the needs of neighborhoods and bring measurable progress and change to communities.
Boys & Girls Clubs of Greater Milwaukee: Through a financial commitment of $150,000, Kohl’s will enhance its existing relationship with Boys & Girls Clubs of Greater Milwaukee, supporting the organization as it navigates challenges faced due to COVID-19.
Kohl’s Support of the Milwaukee Community
In 2019, Kohl’s donated more than $2.5 million and logged more than 2,500 volunteer hours for nonprofit organizations in the Milwaukee area that are focused on supporting diverse communities, including Hunger Task Force, COA Youth & Family Centers and Penfield Children’s Center. The funds support a variety of programs and initiatives that enrich community health and wellness, arts and culture, conservation, education, and social services.
Kohl’s Support of the Milwaukee Business Community
In addition to its philanthropic commitments, Kohl’s is contributing to the Milwaukee community through business and industry partnerships. Kohl’s is continuing its commitment to the Milwaukee Metropolitan Association of Commerce (MMAC) in support of the organization’s mission to improve metro Milwaukee as a place to invest capital, grow business and create jobs. Earlier this year, Kohl’s signed the MMAC’s Region of Choice Pledge commitment to increase the number of African-American and Hispanic/Latino employees in Metro Milwaukee by 15 percent, and the number of African-American and Hispanic/Latino managers in Metro Milwaukee by 25 percent, by 2025. The company is also a continuing member of the Greater Milwaukee Committee (GMC) in support of its mission to ensure Milwaukee is the best place to live, learn, work, play, and stay, and was an early signer of the GMC’s 2020 statement on racism and systemic inequities.
To learn more about Kohl’s commitment to diversity and inclusion or to access Kohl’s 2019 CSR Report, visit Corporate.Kohls.com.
About Kohl’s
Kohl’s (NYSE: KSS) is a leading omnichannel retailer with more than 1,100 stores in 49 states. With a commitment to inspiring and empowering families to lead fulfilled lives, Kohl’s offers amazing national and exclusive brands, incredible savings and an easy shopping experience in our stores, online at Kohls.com and on the Kohl’s mobile app. Since its founding, Kohl’s has given more than $750 million to support communities nationwide, with a focus on family health and wellness. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com or follow @KohlsNews on Twitter.
Gap Inc. Canada Donates Over $3 Million of New Clothing to Canadians in Need
In response to the COVID-19 crisis that has left many Canadians struggling to provide basic necessities for their families, Gap (Canada) Inc. will be donating more than $3 million of new Gap, Banana Republic and Old Navy (Canada) clothing to those in need, including unemployed Canadians who need support getting back to work and getting back on their feet.rnrnIn partnership with Delivering Good – a non-profit organization that unites retailers, manufacturers, foundations and individuals to support those affected by poverty and tragedy – Gap (Canada) Inc. will donate the clothing to LIFE*SPIN in London, Ontario. This donation will help people as they build a brighter future and is the latest in the company’s ongoing efforts to support its communities and be the change, together.rnrn“During this unique moment in history, it’s more necessary than ever to come together and support those in our global communities who have been directly impacted by the COVID-19 crisis,” said Mark Breitbard, President and CEO of Banana Republic and Gap Inc. specialty brands. “Through our partnership with Delivering Good, we’re committed to helping Canadians get back to work by providing clothing they can wear for interviews and in different work environments.”rnrn“By supporting Delivering Good, Gap (Canada) Inc. brands are helping men and women, including those facing poverty, homelessness, and job loss,” said Delivering Good President & CEO Lisa Gurwitch. “This donation will have such a positive impact on men, women and disadvantaged young adults. This new apparel will help individuals and families trying to make ends meet during these difficult times.”rnrn“Since opening the first Old Navy store in Canada in 2001, we’ve been dedicated to supporting communities and delivering the democracy of style,” said Nancy Green, President and CEO of Old Navy. “We recognize the need to serve families in our Canadian communities has never been greater than it is today. We’re very proud to be partnering with Delivering Good and providing LIFE*SPIN with essential clothing during a time when they need it the most.”rnrnThe Gap Foundation also previously announced a $1 million USD donation to local, national and international non-profit organizations to support underserved families during the coronavirus crisis. The Gap Inc. family of brands will continue to support those in need including a donation of 20,000 reusable non-medical masks to Boys & Girls Clubs of Canada. Many of their Clubhouses have remained open and operational as a safe place for kids and families in underserved communities.rnrnAbout Gap Inc.rnGap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City brands. Fiscal year 2019 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through Company-operated stores, franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.rnrnAbout Delivering Good @deliveringgoodrnThe national charity Delivering Good helps people impacted by the challenges of COVID-19 by providing new, essential products donated by manufacturers and retailers. Delivering Good has 35 years of crisis experience and a network of more than 700 community partners to distribute the donations to low-income and disadvantaged individuals and families. This new merchandise can provide hope, dignity and self-esteem to families and individuals, especially for people facing poverty, homelessness, job loss and more. Learn more at www.Delivering-Good.org.
Kanye West Teams with Gap
Bold Partnership will Bring YEEZY Apparel to the People with New YEEZY Gap Line
West and Gap Relationship Comes Full Circle as the Visionary Creative and Cultural Icon Returns to Disrupt Fashion Retail
Kanye West, a multi-industry creative entrepreneur, is poised to disrupt retail by bringing his YEEZY brand to millions of customers around the world through a partnership announced today with the iconic and globally recognized Gap brand. The YEEZY Gap line is expected to appear in Gap stores and Gap.com in 2021.
West Returns to Gap Brand
This partnership brings the relationship between West and Gap full circle, as Kanye worked in a Gap store as a teen growing up in Chicago. Since then, West has become a disruptive force across music, footwear, fashion, architecture and more. This new partnership will introduce both the Gap and YEEZY brands to new audiences.
“We are excited to welcome Kanye back to the Gap family as a creative visionary, building on the aesthetic and success of his YEEZY brand and together defining a next-level retail partnership,” said Mark Breitbard, Global Head of Gap Brand.
Combining Forces of Two Cultural Icons
This bold alliance will take the creativity, fashion leadership, global recognition and energy of YEEZY and fuel it with Gap brand’s 51 years of expertise, 88% brand awareness, global reach and best-in-class supply chain.
Under West’s creative direction, the YEEZY design studio will develop the new line to deliver modern, elevated basics for men, women and kids at accessible price points, with the creative process just getting underway. Additionally, West’s design vision will extend to unique YEEZY Gap expressions in Gap stores and digital channels over time.
Kanye West maintains sole ownership of the YEEZY brand and was recently valued at $2.9 billion USD in April 2020, and Gap Inc. maintains sole ownership of Gap brand. This new apparel partnership furthers the size and scope of the YEEZY business, building on the ground-breaking success of YEEZY footwear.
Under terms of the partnership, Gap and YEEZY benefit as the business grows, with YEEZY receiving royalties and potential equity related to sales achievement.
About Gap
Gap is one of the world’s most iconic apparel and accessories brands and the authority on American casual style. Founded in San Francisco in 1969, Gap’s collections are designed to build the foundation of modern wardrobes – all things denim, classic white shirts, khakis and must-have trends. Beginning with the first international store in London in 1987, Gap continues to connect with customers online and across the brands about 1,600 company-operated and franchise retail locations around the world. Gap includes Women’s and Men’s apparel and accessories, GapKids, babyGap, GapMaternity, GapBody and GapFit collections. The brand also serves value-conscious customers with exclusively designed collections for Gap Outlet and Gap Factory Stores. Gap is the namesake brand for leading global specialty retailer, Gap Inc. (NYSE: GPS) which includes Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack and Hill City brands. For more information, please visit www.gapinc.com.
Nordstrom Launches Concept 010: ACTIVATE!
NEW YORK – Sam Lobban, Nordstrom SVP Designer & New Concepts, announces Concept 010: Activate!, a fitness and wellness focused collection available starting May 28 exclusively online at Nordstrom.com/NewConcepts.
Concept 010: Activate is Nordstrom’s tenth project for New Concepts @Nordstrom Men, following previous concepts with Union & Company, Dior, Japanese printing house printings.jp and Patagonia. The ongoing series of digital and physical pop-up shops invites customers to discover the newest menswear products in partnership with the world’s most compelling brands.
About the Collection
The curated collection features elevated gear for the mind, body and soul with a selection of clothing, shoes and accessories that encourage an active lifestyle. Each brand is distinctly represented through signature or exclusive styles with highlights including District Vision’s Air–Wear technical shirting, Satisfy’s Light Collection and Malbon Golf’s camp collar button down shirts.
Of the 7 brands, 4 brands will be available at Nordstrom for the first time: District Vision, Gramicci, Malbon Golf and Satisfy. The collection ranges in price from $15-$249
“Our approach to the concept of Activate! was to focus on the holistic idea of wellness, not only through the lens of being physically active but also through the practice of mindfulness. Our aim was to bring together the best brands that combine the technical components of athletic clothing, shoes and accessories with a fashion forward focus, covering sports, hobbies and activities which equally focus on health of body and mind. Thinking about our customers in this current time, we felt it was particularly important for them to feel good while focusing on their personal wellbeing, and of course to look good whilst doing so.” – Sam Lobban
About the Brands
Iconic athletic brand ASICS delivers a colorful assortment of their signature running shoes, for Activate, equipped with technical innovation and GEL-technology.
District Vision bridges the worlds of sports and mindfulness for Nordstrom by developing exclusive and special-edition versions of their favorites including the Air–Wear technical shirting program with artwork by Filip Pagowski, along with a range of mindfulness tools such as handmade incense holders and yoga blocks.
Climbing brand Gramicci provides comfort style for outdoor enthusiasts. The collection of tees, hats, bags and bottoms are built for climbing, camping trips, or the city. The exclusive capsule features shorts & pants with a gusseted crotch and built-in nylon belt allowing freedom of movement and flexibility for both urban and outdoor environments.
Malbon Golf features silhouettes from golf’s past with a tropical, modern twist. These classic bodies feature a motif that stands for being out on the course until the shadows are tall on those long Summer days. The exclusive collection includes a camp collar button down Hawaiian shirt, striped and solid polos, a graphic t-shirt, a bucket and retro-inspired rope hat, hooded sweatshirts and sweatshorts.
Swiss brand On is one the fastest growing running brand on the planet. Their patented Cloudtec® technology delivers a unique running sensation: a soft landing followed by an explosive take off. On shoes and apparel blend performance, comfort and style for a look and feel that effortlessly crosses the blurred boundaries between work, play and sport. For Nordstrom, the On collection includes hybrid shorts, versatile running pants, performance tees, lightweight caps, socks and their signature running shoes.
Reigning Champ offers its The Health is Wealth capsule collection finished with the brand’s custom graphics on hoodies and tees inspired by vintage physical fitness and training. The collection includes advanced fabrics such as copper jersey made from advanced fibers infused with copper powder, which naturally fights bacterial odor for the life of the garment. The collection also features a waterproof trail cap, gym towel and lightweight terry sweatshorts.
Satisfy, the Paris based running brand founded by Brice Partouche, is altering the perception of running. For its first collection for Nordstrom, Satisfy created an exclusive capsule that features an eclectic mix of their signature styles including 8” Justice™ shorts made with four-way stretch fabric for breathability and lightweight tees made with technical Deltapeak™ fabric from Japan. Additional highlights include over-washed cotton moth-eaten tees, durable Merino wool & nylon running socks and a lightweight “Endless Runner” cap.
Editor’s Note: Campaign imagery, shop photos and product shots are available at Nordstrom.com/pressroom
About New Concepts
New Concepts @NordstromMen is a platform to discover what’s next and best in menswear. Curated by Sam Lobban, VP of Designer Ready-to-Wear and New Concepts in partnership with the world’s most exciting brands, these unique collections come to life in the custom-built environments at our flagship stores and online.
About Sam Lobban
Sam Lobban started his retail career on the sales floor at Selfridges, where he was quickly promoted to merchant roles. He then joined Mr. Porter, where he was a member of the team that grew the site, leading the strategy behind their designer capsule collections, such as Prada, Balenciaga, Gucci and Made in California. Sam joined Nordstrom in June 2018 as VP, Men’s Fashion to support merchandising, marketing, content development, store environment, private label and the shopping experience as it relates to menswear.
About Nordstrom
Nordstrom, Inc. is a leading fashion retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 370 stores in 40 states, including 116 full-line stores in the United States, Canada and Puerto Rico; 247 Nordstrom Rack stores; two clearance stores; and five Nordstrom Local service hubs. Additionally, customers are served online through Nordstrom.com, Nordstrom.ca, Nordstromrack.com, HauteLook.com and TrunkClub.com. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.
60 Percent Of ATHLETA’S Materials Are Now Made From Sustainable Fibers
SAN FRANCISCO, CA – One year after becoming a certified B Corporation, Athleta continues as a leader in sustainable performance apparel, sharing in its April catalog that 60 percent of its materials are now made with sustainable fibers. The brand has worked aggressively to increase the sustainability in its line by sourcing materials including recycled polyester and nylon, TENCEL® Modal, TENCEL® Lyocell, and organic cotton; and using more efficient fabric dyeing and finishing techniques. Recycled polyester alone diverted the equivalent of more than 38 million plastic bottles from landfills since 2014. Sustainable materials have also carried into Athleta Girls, reaching 69 percent of the styles in the upcoming Summer collection.
The milestone includes a 2019 Spring/Summer swimwear assortment featuring 85 percent of styles made from sustainable materials including the launch of two new fabrics: H2Eco, which saved 72,264 kilograms of waste from hitting landfills, the equivalent of 2.4 humpback whales and AquaRib, which uses ECONYL®, a material 100 percent made from regenerated nylon fiber sourced from abandoned fishing nets and other discarded nylon.
Athleta set its first public sustainability goals in 2017, with four key targets centered on reducing its impact on the planet and supporting the women around the world who make its clothes. The brand announced its progress against these goals including:
· 60 percent of materials made with sustainable fibers (2020 Goal: 80 percent)
· 4 percent of products made using techniques that save water (2020 Goal: 25 percent)
· 70 percent of waste from shipping packaging has been diverted from landfills (2020 Goal: 80 percent)
· 3,212 women empowered through P.A.C.E., a career and life skills education program that helps participants in factories making products for Athleta, create a better future for themselves, their families and their communities, and at Fair Trade Certified factories. (2020 Goal: 10,000 women)
“We believe that with Athleta’s growth comes even greater responsibility to lead as a force for good and protect our planet for the next generation,” said Nancy Green, CEO and President of Athleta. “At our size, we know we can make a big impact– whether diverting waste by converting our beloved Trekkie hike collection to recycled nylon or reaching millions of women through the stories we tell in our catalog. We can show women they don’t have to compromise on performance or beauty to do right by our planet.”
In addition to sustainable innovation in its product, Athleta has established partnerships to help make impact at scale. Earlier this year, the company announced its participation in a first-of its-kind partnership beginning in 2020 that will, once at capacity, fully offset the energy consumption of all its 160+ stores and San Francisco headquarters. In addition to bringing
new renewable power to the grid, this power purchase agreement with The Corporate Renewable Energy Aggregation Group created an original, cost-effective and replicable model that will open up the renewable power market to companies seeking to purchase smaller volume.
Last year, Athleta became a member of Fashion Positive PLUS initiative, to collaborate with industry leaders to identify, create, and certify inputs for circular fashion. As part of Gap Inc., the brand is also a partner of the Make Fashion Circular initiative, led by the Ellen MacArthur Foundation, which recently launched a campaign with other retail brands and the City of New York. Between Earth Day and mid-June, participating Athleta stores in New York City will host drop off points where New Yorkers can bring clothing they no longer wear to ensure it will be diverted from landfills through recycling or repurposing.
“Building a sustainable business is a journey and we’re constantly working to improve. We’ve set some very aggressive goals and have made some incredible progress, but we don’t take success for granted. We still have a long way to go,” explained Green. “The ability to impact at scale is critical to protecting the planet. Scale also means collaboration. We are happy to sit down with others in the space that might otherwise be considered competitors and get real about what it takes to move our industry toward less impact in a meaningful way.”
To celebrate Earth Day, Athleta stores across the country are hosting beach and community clean-ups throughout the month of April. To find a local event, visit https://athletaearthday2019.splashthat.com/. Further information about Athleta’s commitment to sustainability, including the brand’s 2020 sustainability goals can be found at www.Athleta.Gap.com/.
About Athleta
A certified B Corporation, Athleta creates versatile and sustainable premium performance apparel designed by women athletes to inspire a community of active, confident women and girls to reach their limitless potential. Founded in 1998, Athleta integrates performance and technical features across its collection to carry a woman through her life in motion – from yoga and training to commuting and travel. In 2016 the company launched Athleta Girl mirroring its signature performance in styles for the next generation. Based in San Francisco, CA and a Gap Inc. brand (NYSE:GPS), Athleta apparel is available at its 160+ retail stores across the country, through its catalog, and at www.athleta.com
Louis Vuitton Acquires Tiffany
Paris and New York – LVMH Moët Hennessy Louis Vuitton SE (“LVMH”), the world’s leading luxury group and Tiffany & Co. (NYSE: TIF) (“Tiffany”), the global luxury jeweler, today announced that the companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion.
For more than 180 years, Tiffany has been synonymous with elegance, innovative design, fine craftsmanship and creative excellence. Since 1886, when it established the eponymous diamond ring as an enduring symbol of commitment, Tiffany has stood for love. Its extraordinary diamonds are cherished for generations and its legendary jewelry designs are the ultimate reference in the global jewelry world. Even the Tiffany Blue Box is recognized worldwide as an icon of refinement and desirability.
Founded in 1837 when Charles Lewis Tiffany opened the first store in downtown Manhattan, Tiffany today is the leading luxury brand originated in the United States and delights discerning customers in more than 300 stores around the globe. Nature is not only the source of inspiration for Tiffany’s designers, but precious metals and natural gemstones are necessary components for the creation of its designs. Tiffany stood apart in the industry as an early proponent of sourcing these materials with a socially and environmentally responsible rigor. Protecting the environment and respecting human rights continue to be core business principles.
The acquisition of Tiffany will strengthen LVMH’s position in jewelry and further increase its presence in the United States. The addition of Tiffany will transform LVMH’s Watches & Jewelry division and complement LVMH’s 75 distinguished Houses.
Bernard Arnault, Chairman and Chief Executive Officer of LVMH, commented: “We are delighted to have the opportunity to welcome Tiffany, a company with an unparalleled heritage and unique position in the global jewelry world, to the LVMH family. We have an immense respect and admiration for Tiffany and intend to develop this jewel with the same dedication and commitment that we have applied to each and every one of our Maisons. We will be proud to have Tiffany sit alongside our iconic brands and look forward to ensuring that Tiffany continues to thrive for centuries to come.”
Roger N. Farah, Chairman of the Board of Directors of Tiffany, commented, “Following a strategic review that included a thoughtful internal process and expert external advice, the Board has concluded that this transaction with LVMH provides an exciting path forward with a group that appreciates and will invest in Tiffany’s unique assets and strong human capital, while delivering a compelling price with value certainty to our shareholders.”
Alessandro Bogliolo, Chief Executive Officer of Tiffany, said: “Tiffany has been focused on executing on our key strategic priorities to drive sustainable long-term growth. This transaction, which occurs at a time of internal transformation for our legendary brand, will provide further support, resources and momentum for those priorities as we evolve towards becoming The Next Generation Luxury Jeweler. As part of the LVMH group, Tiffany will reach new heights, capitalizing on its remarkable internal expertise, unparalleled craftsmanship and strong cultural values.”
Approvals and Timing
LVMH’s acquisition of Tiffany has been approved by the boards of directors of both companies and the Tiffany Board of Directors recommends that Tiffany shareholders approve the transaction with LVMH.
The transaction is expected to close in the middle of 2020 and is subject to customary closing conditions, including approval from Tiffany’s shareholders and the receipt of regulatory approvals.
Advisors
Citi and J.P. Morgan are serving as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to LVMH. Centerview Partners LLC and Goldman Sachs Co. LLC are serving as financial advisors and Sullivan & Cromwell LLP is serving as legal counsel to Tiffany.
LVMH
LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de Mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton, Bodega Numanthia and Ao Yun. Its Fashion and Leather Goods division includes Louis Vuitton, Christian Dior Couture, Celine, Loewe, Kenzo, Givenchy, Pink Shirtmaker, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Nicholas Kirkwood, Loro Piana, RIMOWA, Patou and Fenty. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe, Benefit Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Fenty Beauty by Rihanna and Maison Francis Kurkdjian. LVMH’s Watches and Jewelry division comprises Bvlgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred and Hublot. LVMH is also active in selective retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Groupe Les Echos, Cova, Le Jardin d’Acclimatation, Royal Van Lent, Belmond and Cheval Blanc hotels.
Tiffany & Co.
In 1837, Charles Lewis Tiffany founded his company in New York City where his store was soon acclaimed as the palace of jewels for its exceptional gemstones. Since then, TIFFANY & CO. has become synonymous with elegance, innovative design, fine craftsmanship and creative excellence. During the 20th century its fame thrived worldwide with store network expansion and continuous cultural relevance, as exemplified by Truman Capote’s Breakfast at Tiffany’s and the film starring Audrey Hepburn.
Today, with more than 14,000 employees, TIFFANY & CO. and its subsidiaries design, manufacture and market jewelry, watches and luxury accessories – including more than 5,000 skilled artisans who cut diamonds and craft jewelry in the company’s workshops, realizing its commitment to superlative quality. The company operates more than 300 TIFFANY & CO. retail stores worldwide as part of its omni-channel approach. To learn more about TIFFANY & CO. as well as its commitment to sustainability, please visit tiffany.com.
Tiffany Confirms Receipt of Unsolicited, Non-Binding Proposal from LVMH
NEW YORK, – Tiffany & Co. (NYSE:TIF) today confirmed it has received an unsolicited, non-binding proposal from LVMH Moet Hennessy – Louis Vuitton to acquire Tiffany for $120 per share in cash.
While the parties are not in discussions, Tiffany’s Board of Directors, consistent with its fiduciary responsibilities, is carefully reviewing the proposal, with the assistance of independent financial and legal advisors, to determine the course of action it believes is in the best interests of the Company and its shareholders. Tiffany shareholders need take no action at this time.
Tiffany is successfully executing on its business plan and remains focused on achieving its goal of becoming The Next Generation Luxury Jeweler.
Centerview Partners and Goldman Sachs are serving as financial advisors to Tiffany and Sullivan & Cromwell is serving as Tiffany’s legal advisor.
About Tiffany & Co.:
In 1837, Charles Lewis Tiffany founded his company in New York City where his store was soon acclaimed as the palace of jewels for its exceptional gemstones. Since then, TIFFANY & CO. has become synonymous with elegance, innovative design, fine craftsmanship and creative excellence. During the 20th century its fame thrived worldwide with store network expansion and continuous cultural relevance, as exemplified by Truman Capote’s Breakfast at Tiffany’s and the film starring Audrey Hepburn.
Today, with more than 14,000 employees, TIFFANY & CO. and its subsidiaries design, manufacture and market jewelry, watches and luxury accessories – including more than 5,000 skilled artisans who cut diamonds and craft jewelry in the company’s workshops, realizing its commitment to superlative quality. The company operates more than 300 TIFFANY & CO. retail stores worldwide as part of its omni-channel approach. To learn more about TIFFANY & CO. as well as its commitment to sustainability, please visit tiffany.com.