Entrepot Asia has sold a 20 percent stake in its new Hong Kong trade show, The Hub, to the Moda Ltd. unit of ITE Group plc.
The transaction includes options for ITE to increase its stake in Entrepot. Financial details weren’t disclosed.
The three-day inaugural edition of The Hub took place at AsiaWorld-Expo in August and attracted about 100 brands, mostly from the U.S. and Europe, with roots in the denim and contemporary markets. Entrepot estimated that about 3,000 Asian buyers attended.
By teaming with the London-based ITE, Entrepot principals — and British expatriates — Peter Caplowe and Richard Hobbs have tapped into a worldwide organization that puts together more than 250 business-to-business exhibitions and conferences in 15 countries every year and addresses 38 trade sectors. Revenues in 2012 totaled 172.3 million pounds, or $278.1 million at average exchange.
ITE’s Moda unit sponsors the Moda, Scoop and Jacket Required apparel trade shows in the U.K. as well as Lingerie Expo in Russia and TextileExpo Uzbekistan, among other events. Additionally, it publishes Womenswear Buyer and Menswear Buyer magazines.
Colette Tebbutt, managing director of ITE Moda and ITE’s liaison with The Hub, said, “This latest investment highlights further our commitment to ensuring future expansion for forward-thinking fashion brands. Premium fashion is currently one of the fastest-growing areas of the global women’s and men’s wear markets and we look forward to working with those brands who are positioning themselves to take full advantage of this dynamic sector.”
With its Hong Kong location, The Hub was conceived to provide brands from outside Asia a platform to build their businesses in China and adjacent markets. Jamie Tunnicliffe, global sales and marketing director for the London-based John Smedley brand, said, “We’ve looked at all the BRICS markets [Brazil, Russia, India, China and South Africa] and we think there is a place for the brand in China, albeit within a particular niche.”
Hong Kong-based Bauhaus International Holdings, which operates more than 280 stores in Greater China under a variety of brand names, attends markets such as Bread & Butter and Premium in Berlin and Project in Las Vegas. “But it’s great to see a show like The Hub taking place at home,” said Man Chan, strategic marketing director of Bauhaus. “A well-edited show of such high-quality brands is something that we as a retailer welcome.”
To help provide sales outlets for its exhibitors and others, Caplowe and Hobbs earlier joined forces with CHIC-Young Blood, a Beijing trade fair similarly geared to younger lifestyle brands, to sponsor a series of events designed to help enrich the landscape for multibrand retailing in China, a market with a preponderance of monobrand retailers.
“A hundred years ago, four of the biggest department stores in the world were to be found in China,” said Caplowe. “We will be very honored if we can play some small part in helping to reestablish this vital element of the fashion business in China.”
The second Hub market is scheduled for Feb. 25 to 27. Hobbs said, “Over half of the exhibitors from the first show are coming back, as of this moment, and some of those that are not are due to them tying up distribution deals during the first show.”
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews