TOD's news 

The group, which owns also the Hogan and Roger Vivier brands, launched a new business model dubbed Tod's Factory in late 2017 to reverse falling sales and refresh its namesake brand, offering new products and more frequent collections, backed by significant marketing investment.

Italian luxury goods maker Tod's has budgeted for a potential hit from continuing unrest in Hong Kong and is seeing signs of progress with the brand's turnaround strategy, the head of the company said on Friday Sept 20th.

Tod's founder and top shareholder Diego Della Valle said the civil unrest in Hong Kong "is not worrying as of today", adding that he hoped the situation would calm down soon and "not just for the sake of selling more shoes".

He also gave reassurance on the turnaround efforts of the group famous for its Gommino loafers.

"We're doing what we need to do," he said on the sidelines of the label's spring-summer fashion show in Milan.

"We're in line with our schedule and I'm sure, soon, all will be satisfied. The first signs (of the turnaround) are becoming apparent."  

Tiffany's news

 

Tiffany expects its flagship store in Shanghai to be the retailer's second most important store after its iconic Manhattan location. 

Tiffany mainland China outlook CEO Alessandro Bogliolo says the company has seen a "big increase" in sales in Mainland China.

Mainland China consumers stay home to shop due to a weaker currency that makes items at overseas stores more expensive.

Tiffany is starting the store opening process with an opening in the Beijing airport within a few weeks.

Le Tote

This deal is important because it will not be the last time it happens. There are going to be more deals following this model in the future.

Le Tote is a clothing rental business.

It is a private company recently valued at $180 million.

They will have to raise substantial capital in order to complete this transaction estimated at 75 M USD to acquire Lord & Taylor The acquisition of this department store by Le Tote will reverberate in the industry.

It is one of the first and largest instances of a new selling mode and an old one coming together in retail.

Adding creative ways of selling and marketing to existing retailers is what they need now.

The world of capital in retail is a little upside down right now. Established brands and retailers can't attract capital because their business has a questionable future.

Companies that have new modes of selling like Le Tote are attracting a lot of interest from investors and capital is much more obtainable for them.

In addition, it's very hard for the culture of an existing retailer to justify the value of the upstarts as acquisitions.