HONG KONG — Chinese high street label Bosideng has shuttered its London flagship, the brand confirmed Friday, citing poor operating conditions.The six-story store on South Molton Street, which shut in January, was a high-profile part of the brand's overseas expansion when founder Gao Kedeng was pushing for a Chinese clothing company to gain international cachet.The company said it made the decision to shut down "after having considered the economic uncertainty after the Brexit and the returns on investment," and has temporarily rented out the 6,292-square-feet space on the corner of South Molton and Oxford streets "The group may consider entering the British market again when the business environment is favorable. In 2011, the group acquired the property and established its first overseas flagship store there. The group has gained valuable experience in an overseas retail market and enhanced its reputation there and in the capital market after having operated theflagship store for several years.">>MORE: Meet Charles & Keith, the Singaporean Brand Going Global as "Zara of Shoes"Its English-language U.K. web site has also ceased operating. Bosideng London's Instagram account — the brand runs separate accounts for different countries — had just 400 followers and last posted in November announcing a 50 percent off sale.The store's opening in 2012 was timed to the London Olympics. It stocked a new, premium men’s wear collection of ready-to-wear and accessories designed by Nick Holland and Ash Gangotra and featured the brand’s signature down-filled and quilted outerwear. There was little buzz around the flagship, which was often empty and running promotions, in what has become a brutally competitive environment.The U.K. high street is a ruthless environment — but not because of the Brexit, which has softened the pound and encouraged international shoppers to snap up bargains.Instead, the big, international fast-fashion giants such Zara, Mango, H&M and Uniqlo have rapidly snatched market share from local and international competitors alike. London's landlords are becoming pickier about how they curate their spaces and neighborhoods, while local taxes paid by retailers are set to skyrocket later this year.It's no wonder that a relatively unknown Chinese retailer decided to close up shop.Bosideng originally launched in 1976 and has 6,000 points of sale in China, according to the brand's web site. Back in 2014, the brand had a network of 11,000 stores in its home country and told WWD how it planned a large international push, scouting for real estate in Manhattan and elsewhere across the U.S. Besides the U.K., it had also expanded into Germany and Italy, where it still operates.The label originally positioned itself as a younger Hugo Boss, with office wardrobe mix-and-match pieces, but has undergone a significant rebranding as a down outerwear specialty brand. Its latest collection offers a series of puffer jackets similar in look and pricing to Uniqlo and the company has even expanded into a home bedding line.>>MORE: Tiffany Trump's Go-To Fashion Label is Chinese Designer Taoray WangThe company also announced it had disposed of its51.04 percent stake in thenon-down apparel brand Mogao for 40.5 million yuan or about $5.9 million. It said the sale would allow them to "focus its resources on apparel brands with greater potential."
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)