Asia Watch: Expansive Armani … Not So Fast … Breaking In …
EXPANSIVE ARMANI: Armani Group and Swiss watchmaker Omega both announced plans to open retail stores in Shanghai in January 2004. Armani will open a multistore location that will include a Giorgio Armani boutique, an Emporio Armani store and an Armani...
EXPANSIVE ARMANI: Armani Group and Swiss watchmaker Omega both announced plans to open retail stores in Shanghai in January 2004. Armani will open a multistore location that will include a Giorgio Armani boutique, an Emporio Armani store and an Armani Caffe. It is only the second time that the Giorgio Armani and Emporio Armani collections will be available in the same building — the first, at Chater House in Hong Kong, opened last October.
The new shops will be located on The Bund, which is fast becoming Shanghai’s center for high-end dining and designer shopping. Claudio Silvestrin will be responsible for the design of the Giorgio Armani store and Massimilano and Doriana Fuksas will design the Emporio Armani shop and Caffe.
Omega’s Shanghai shop will be the company’s first wholly owned store in Mainland China. The store will be 1,600 to 1,800 square feet in size. A spokesman said the site’s three-year lease, with a three-year option, would be signed in July.
To date, there are only seven wholly owned Omega stores around the world. The bulk of the company’s business is wholesaling to some 6,000 retailers and resellers, including nine in China. — Constance Haisma-Kwok
NOT SO FAST: Fast Retailing Co. Ltd., owner of Uniqlo, continued to struggle in the first half, with a 51.1 percent drop in net profits, to $93.3 million, on a 20.7 percent decline in sales to $1.35 billion for the six months ended Feb. 28. Devaluation of the stocks of its affiliated companies, including the firm’s struggling U.K. unit, resulted in extraordinary losses of $54.2 million. Dollar figures are converted at current exchange rates. On a comparable-store basis, sales fell 26.8 percent against a year ago. Fast Retailing ran 574 Uniqlo stores in Japan as of the end of February.
For the fiscal year ending Aug. 31, the firm projects net profits of $138.3 million on sales of $2.5 billion — although it plans to announce extraordinary losses of $64.1 million at the end of this fiscal year, resulting from difficulties in its subsidiaries in the U.K., China and its food business division. — Koji Hirano
BREAKING IN: Salvatore Ferragamo is scheduled to open a Tokyo flagship on Chuo-dori in the Ginza district on Wednesday. "The opening of a flagship in Tokyo, and particularly on Chuo-dori in Ginza, is a strategic milestone," said Ferruccio Ferragamo, chief executive of Salvatore Ferragamo Italia SpA. He said Japan is the company’s second most important market, representing more than 26 percent of sales. The Tokyo flagship occupies the entire seven-story building and reflects Ferragamo’s ongoing international expansion. Last year, a flagship in Seoul was opened and next September, a Manhattan flagship on Fifth Avenue will open. Three floors of the Tokyo flagship will be devoted to selling, while the remaining four floors will be office space for Ferragamo Japan K.K. The basement will house the men’s collection; level one will sell women’s shoes, bags, fragrances, sunglasses and silk accessories, and level two will have gallery space and women’s ready-to-wear and accessories. — David Moin
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)