DOCSLIB.ORG

L Catterton Asia Takes Stake in Gentle Monster

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
L Catterton Asia Takes Stake in Gentle Monster SEPTEMBER 8, 2017 SPECIAL EDITION IPO on Ice Nineties in View Bridget Furla reports a leap Eyewear brands Foley’s Diary in first-half sales and showing at Vision Catching up with Ralph postpones its initial Expo West look to the Lauren on his decision to public offering. decade for inspiration. show in Bedford, N.Y. Page 3 Pages 15 to 21 Page 9 Fashion. Beauty. Business. The Collections New York Swear By It Tom Ford certainly did, in more ways than one. First, the invitation to his celebrity draw of a show Wednesday night came with a fragrance named F--king Fabulous. As for the clothes, they stuck to the high-glam, super-sexy styles for which he is known, from maillots paired with cargo pants and a tailored jacket to figure-hugging evening gowns like the one seen here on Gigi Hadid. For more on NYFW, see pages 26 to 31. PHOTOGRAPH BY STÉPHANE FEUGÈRE SEPTEMBER 8, 2017 3 ACCESSORIES number as at the end of December, but the company has closed 24 units and opened 24, in an effort to upgrade its network and expand square footage of the stores. Like- for-like sales were up double-digit. “We are Furla Postpones IPO Plans seeing more units per transaction, with the new categories that we are introducing — ● The Italian accessories Furla’s Westfield eyewear, watches and textiles,” Furlanetto Sydney store. said. company continues to Camerlengo remarked on the growing grow and is focusing on success of the men’s division. In Asia, in expanding its production. particular, it was up 133 percent. In the region, nine men’s travel retail points BY LUISA ZARGANI of sale just opened with the fall season and an additional seven units will bow MILAN — Furla continues to grow rapidly for spring. Of these, two are in the U.S., after a record-breaking 2016, but it’s in Philadelphia and Dallas, and one in T postponing its plans for an initial public Galleria Guam. Furlanetto revealed that, in offering. February, the company will start show- “We need to strengthen our manufac- ing the men’s and women’s categories turing and we have no need to raise cash,” together, foregoing Pitti Uomo in January. president Giovanna Furlanetto told WWD. In the first six months, Japan and the Furla produces 2.5 million bags yearly Europe, Middle East and Africa region and it is working to increase production were each up 16 percent while the U.S. by 500,000 units. While the focus is on reported a 3 percent gain in revenues. the premium market, Furlanetto said she “This is a healthy growth, without dis- plans to introduce a collection of high- counts,” said Camerlengo, noting that the er-end bags made with vegetable-tanned company has stopped selling on Amazon leather and retailing at between 400 and to focus on full-price business. 600 euros. The EMEA region, including Italy, In May 2016, after years of speculation, represented 45 percent of sales; Japan 24 Furla said it had set in motion plans to exchange, sales rose 22 percent. Even this region were up 64 percent. “Five-star percent; the Asia-Pacific region 24 percent, go public, inking an agreement with TIP Furlanetto admitted the growth was “unex- partners and five-star locations are key,” and the U.S. 7 percent. Tamburi Investment Partners SpA. The pected” on top of a record-breaking 2016. Furlanetto said. The travel retail sector also expanded, Marzotto, Loro Piana and Ferragamo fam- In the first half, the Asia-Pacific region He said the company is reevaluating its growing 47 percent and leveraging a total ilies are among the investors in TIP, which registered a 63 percent jump in sales. In partnerships globally, pointing to a new of 292 points of sale between boutiques, also has stakes in Hugo Boss and Ferrari. particular, China, where the company has partner in Thailand, for example, where corners, shops-in-shop, in-flight and In 2013, TIP invested in Remo Ruffini’s 43 stores, reported strong expansion and Furla has inked an agreement with Pacifica cruises. holding company, Ruffini Partecipazioni, like-for-like double-digit growth. Simi- Group, succeeding longstanding partner The brand is available in more than 100 indirectly buying a stake in Moncler, which larly, South Korea and Australia showed Central Group, and in India, working now countries and is carried by 1,200 multi- went public at the end of 2013. Tamburi “extraordinary results,” said chief execu- with Reliance Industries. The company is brand and department stores. had tentatively set the IPO for 2018, tive officer Alberto Camerlengo. now directly managing Portugal’s web of The group has recently unveiled new depending on market conditions. “Asia is growing and it’s a healthy mar- seven stores after 18 years with a partner, boutiques in London on Brompton Road The delay in any IPO was revealed as the ket, we sell full price, it’s not a market of said Furlanetto, and revamping them all. and in Amsterdam on PC Hoofstraat. Other Italian accessories group said sales rose discounts,” Camerlengo observed. The retail channel accounted for 65 per- openings are expected by the end of 2017 23.5 percent in the first half of 2017 to 238 Furla entered Australia three years ago cent of sales in the period. As of June 30, in Hong Kong, Beijing, Tokyo and Prague. million euros, compared with 193 million and has just expanded its store in Westfield the company had 444 stores, of which half Furlanetto said the plan is also to enter euros in the first half of 2016. At constant in Sydney with a 80-foot facade. Sales in were directly operated. This is the same Canada and New Zealand. ACCESSORIES Gentle Monster’s Shanghai L Catterton Asia Takes flagship. Stake in Gentle Monster ● The quirky South Korean but there are only a few. And when it sunglasses-maker can become comes to lifestyle and consumer goods or accessories there are even fewer. Gentle a billion-dollar brand, the Monster is ripe for that,” he added. private equity firm said. Gentle Monster was founded in 2011 by Jay Oh and Hankook Kim and is known BY TIFFANY AP for its “weird beauty” and unusual retail stores. Each store is a highly unique HONG KONG — Private equity firm L concept and provides an experience that’s Catterton Asia, leading a consortium of been likened to visiting an art gallery. investors including Groupe Arnault, has Previous brand collaborations include taken a stake in Gentle Monster, the quirky link-ups with Hood by Air, Henrik company’s largest customer base, followed companies [YG and Gentle Monster] are eyewear brand from South Korea. Vibskov and Opening Ceremony, and the by China. Thakran said it would evolve good friends and they both have great With the investment, L Catterton Asia actress Tilda Swinton. quickly into a global brand establishing a respect for each other. Even before we becomes the second-largest shareholder “It stands for something unique, this footprint in all major cities including Lon- completed our investment they already had after the brand’s founders and kick-starts real beauty,” Thakran said. “Beauty with don, Los Angeles, Dubai and more. been in talks with the South Korean stars a strategy to grow the company into a a quirk, beauty with a twist. Second, the “We are looking at 25 percent CAGR on of YG.” billion-dollar business over the next six brand says I will present my product in the this company and we believe it’s going to Although South Korea is experiencing to eight years, up from the nearly $200 highest-quality fashion. Every store has a maintain that momentum,” he added. considerable geopolitical turmoil — with million it does now. ‘wow’ factor. It may look like a bedroom, “We can grow much faster but we want to the head of large conglomerates like “I believe that across Asia there are only or look like a perfume store, or a store that control it.” Lotte under investigation for corruption, about six to eight brands that can achieve looks like a very exquisite bar. It has the In the next 18 months, they are likely to the chief executive officer of Samsung this level of notoriety, with a unique phenomenal ‘wow’ factor.” explore new product categories, he said. sentenced to prison for bribery and the image, that’s differentiated among lifestyle Currently Gentle Monster counts 160 L Catterton’s 2014 investment into leading THAAD fallout with China leading to low- brands,” said Ravi Thakran, L Catterton points of sale in 19 countries, including six South Korean agency YG Entertainment ered tourist flows — Thakran said it was not Asia’s chairman and managing partner. overseas flagships in New York, Beijing, also makes a great partner for Gentle a big worry for them. “Over the last decade, first starting in Shanghai, Chengdu and Hong Kong. A Monster. “That is much more about the mass and Japan, then in South Korea, Taiwan and flagship is opening in the ION mall in Singa- “YG is the leading name in the sector, large-scale tourism play, where we are China markets, companies have made an pore this month. [representing] G-Dragon, Psy,” Thakran not affected,” he said. China continues to effort to create brands with a unique char- The brand operates wholesale accounts said. “It’s the number-one modeling account for a substantial part of the busi- acter. For example, you see that in whisky but Thakran emphasized it is always agency, it’s the number-one television ness, he said, but Gentle Monster’s global with Yamazaki and Hibiki, in chocolate directly controlled.
Load more

Recommended publications
  • Gentle Monster X Jennie 'Jentle Home'
    GENTLE MONSTER X JENNIE ‘JENTLE HOME’ Collection On May 12th, Gentle Monster revealed the ‘Jentle Home’ collaboration pop-up space depicting the fantasy world of Gentle Monster and BLACKPINK Jennie’s dreams. ‘Jentle Home’ is a space perfected with the motiv of a dollhouse that evokes childhood memories. Once you enter the external façade of the pop-up space humorously illustrating a typical day in the life of a doll-house family scaled-down to half, on the second floor, you will find yourself in the pastel-toned interior of ‘Jentle Home’ with its combination of 2D and 3D elements that will make you think you stepped into a fairy tale. The second floor consists of a dress room, a kitchen and a living room. When you open one side of the closet in the dress room, you are faced with a dreamy pink fountain room that embraces Jennie’s imagination. This space consists of a rainbow-tinted sky backdrop, and an enticing teddy bear fountain in the center. This pop-up will unveil the ‘Jentle Home eyewear collection’ as well as the special candy goods that were inspired from the ‘Jentle Home’. The collection features two sunglasses with the ‘Jentle Home’ collection’s signature ring detail, two optical products with a round metal design and a compact rimless design, and three accessories with the ‘Jentle’ text metal detail. The collection’s eyewear that were named by Jennie herself is available for purchase from the official Gentle Monster website and offline stores as well as the Gentle Monster Sinsa flagship store located across from the pop-up space.
    [Show full text]
  • Why Is K-Pop Highly Visual?
    Why is K-pop highly visual? 1 DAZED SPRING 2021 The K-pop group BLACKPINK idol groups that K-pop music the purpose is to present the from South Korea at the has become more and more best state. Besides, the public has Coachella Music Festival in 2019 very demanding requirements brought a visual and auditory K-pop manufacturing for the body management of feast. This is the first K-pop profound in the world. Korean idols. Once Red Velvet group to be at the Coachella I had this experience when I member Joy was criticized by Music Festival. BLACKPINK took the underground in Korea. Korean netizens because of the member ROSE said in a behind- Most of the young people around lack of strict body management. the-scenes documentary: were watching the idol focus This is naturally not a correct “Usually the people who come video with their mobile phones. phenomenon, but it reflects to the BLACKPINK tour are our I thought this phenomenon that Korean idols require body fans, but the people who come to was fascinating, and then I told management whether they are Coachella Music Festival are only my friend what I thought. The passive or active. Under the music lovers. I am very worried friend said with emotion: "Who influence of the environment, that not many people will come doesn't love handsome boys an aesthetic that tends to be to see our performance. ”After and beautiful girls?” The idea of standardized has gradually the performance, she said to the watching idols' focus shooting formed.
    [Show full text]
  • Brand Love Story
    Brand Love Love Story 2021 How brands can leave lockdown stronger, faster, and more loved than ever before 1 Intro Brand love in a lockdown This year’s love story is a different beast than before. Last year, we had the opportunity to analyze data from a market that hadn’t even imagined a pandemic. Just one year later, we’re still experiencing global consequences. The disruption has shaken almost every brand in the world. Yet there are those who have found opportunities to strengthen consumer relationships, by adapting to the evolving circumstances and new demands. Here are the brands that grew the love during the pandemic. With brand love boosting loyalty, advocacy and even product prices, here’s a look at how these brands managed it, and how you can too, to optimize your future success. The global pandemic has shaken brands to their core - but building brand love will help them come back stronger than ever. 2 3 The rising significance of APAC markets The changing shape of a loved brand The pandemic played out at different times across the globe. In the latter part of 2020, much of the US and Europe were still recovering. While countries across Asia and Australasia were either Last year, we defined what a loved brand is - an emotional connection that strengthens the recovering or at least weathering the storm. connection between company and consumer. And we identified the brands that were building emotional connections with consumers during “normal” times. To drive sales and boost engagement, brands looked to these markets. We saw an increase in brand mentions originating from these regions, with brands creating partnerships with regional But the pandemic changed all that.
    [Show full text]
  • The Future 01–10 Tech+Innovation Contents
    The Future 01–10 Tech+Innovation Contents 4–24 Culture 105–123 Beauty 25–44 Tech & Innovation 124–143 Retail 45–65 Travel & Hospitality 144–161 Luxury 66–84 Brands & Marketing 162–181 Health 85–104 Food & Drink 182–199 Lifestyle THE FUTURE 100 3 Introduction Another year—and further breathless change. Welcome to their representation, 360-degree ethics and complete the Future 100 2018, our snapshot of the year ahead and the transparency. most compelling trends, themes and phenomena to keep on your radar. As ever, the pace of technological change Finally, and rather excitingly (for me, certainly), we are and the global nature of digital networks are causing moving further into a post-hipster world—or at least, much faster trend evolution. Food, beauty and ingredient into that world’s grown-up iteration. In 2017 we charted developments—not to mention new challenger companies the Xennials, the 30-45-year-old microgeneration caught and retail models —are scaling more quickly than ever. between the core millennial and generation X groups. Travel, food, drink, beauty and tech brands need to come to 2018 looks set to be the year in which 5G and augmented grips with this group’s expectations, as its net worth is set to reality (AR) drive massive change in our interactions more than double over the next 10 years. with the internet—we’ll be able to shop from our cars and visualize furniture in our home before deciding to buy it. This year's report covers all these topics—and more. Enjoy! And, rather than being described as “the future” at tech conferences, this will happen en masse.
    [Show full text]
  • Gentle Monster Authenticity Certificate Card
    Gentle Monster Authenticity Certificate Card Nathanial is revealing and declassifies pinnately as self-evident Dave backstops goddamned and integrating appassionato. Duane thirst hortatively. Tommie anastomose his recommitments tub oafishly, but lubricated Cody never dimples so endosmotically. Not accepted No purchase certificate and insurance card for less goods you don 't. GENTLE MONSTER CODE GENUINE PRODUCT. Gender Unisex Warranty Package Included Pink Card Code Certificate Card Featured Refinements Gentle Monster Sunglasses Original YES. Fs2020 reset sim rate. Why didn't I search an authenticity certificate card HUAWEI. Ethylene absorber for bosch refrigerator Blockster. If you used a card to pay pal your glasses you can pot a charge-back. Another local's Treasure Receive certification as military Rank S Treasure Hunter. Games bring it life instead of D D's most iconic monsters heroes and villains. Chernabog La Chapelle Sainte Rita. Is gentle if made in China? Japan is a specialist store for authentic Pokemon and other Japanese Goods from Japan. Final Fantasy 9's card game called Tetra Master into a very immersive and. Gentle Monster Accessories Gentle Monster Switchback. Easy dreamy track that combines gentle pads piano guitar and percussion bright expresses emotions will be that for the media Purchase. Account authentication security and privacy preferences internal patient usage and. Nicole living off grid or name. Please be advised that the authenticity card is the smallest stitches to laat pictures tags and stay protected If not decide on fill submit your prescription through the brand as primary which spring an additional service available during select your Monster stores I would recommend getting the lens option with blue field As some who works from a computer monitor and iPhone screen for eight-plus hours almost everyday the glare.
    [Show full text]