WWD : LVMH Prize Semifinalists Reflect Mobile Generation of Designers

LVMH Prize Semifinalists Reflect Mobile Generation of Designers
The 21 semifinalists for this year's LVMH Prize for Young Fashion Designers includes many designers based in countries other than their own.

PARIS — A Turkish designer based in London, a Russian working in New York and a South Korean-American living in Tokyo: The list of 21 semifinalists for this year’s edition of the LVMH Prize for Young Fashion Designers shows that fashion has no borders.

“Young designers are extremely mobile nowadays,” said Delphine Arnault, the force behind the prize initiative and a key talent scout at family-controlled LVMH Moët Hennessy Louis Vuitton.

Among those competing for a grand prize of 300,000 euros, or $320,000 at current exchange, plus a year of coaching from experts at luxury giant LVMH are 10 men’s wear designers, nine women’s wear designers and two unisex labels. LVMH is the parent of fashion houses including Louis Vuitton, Fendi, Givenchy and Berluti.

“The importance of men’s wear is growing. It will be interesting to see whether that near-balance between men’s wear and women’s wear designers is maintained once the eight finalists are selected,” Arnault said.

British designer Grace Wales Bonner last year became the first men’s wear designer to take home the grand prize in the competition, which was launched in 2013. The previous winners were Thomas Tait and Marques’ Almeida.

Among the candidates for the 2017 edition are Dilara Findikoglu, a Central Saint Martins graduate of Turkish origin known for her rebellious, metal-inspired aesthetic; Maria Jahnkoy, a Siberian-born designer whose latest collection for her New York-based label, Jahnkoy, used recycled fabrics sourced in her Brooklyn neighborhood, and Ambush, the Tokyo-based line of jewelry and apparel created by MC, DJ and music producer Verbal, who is Japanese-born of South Korean descent, and his wife Yoon, who was born in South Korea and raised in the U.S.

In total, six of the semifinalists are graduates of Central Saint Martins, the London school with which LVMH has a longstanding relationship. They include Glaswegian designer Charles Jeffrey, whose Charles Jeffrey Loverboy brand encompasses a fashion label and a club night; Daniel W. Fletcher, who uses his London-based men’s wear brand to convey political messages, and Kozaburo Akasaka, whose first stand-alone men’s presentation last month channeled a punk rocker sensibility.

LVMH recently revealed another significant investment that will provide additional scholarships and fund an original sustainability and innovation program at the college. “Saint Martins is always well represented. They always turn out very high-grade students, whether it’s the winners of the LVMH Prize, the designers in our jury or those working in the LVMH group,” Arnault noted.

Nabil Nayal returns as a semifinalist after being short-listed for the 2015 prize.

The other semifinalists are Abasi Rosborough, a New York-based label designed by Abdul Abasi and Greg Rosborough; Angus Chiang, a Taiwanese designer; Atlein, a Paris-based label by French designer Antonin Tron; Blindness, the South Korean label designed by KyuYong Shin and JiSun Park; Denmark’s Cecilie Bahnsen; GmbH designed by a Berlin-based collective cofounded by Benjamin Alexander Huseby and Serhat Isik; Katherine Mavridis, an Australian knitwear designer based in New York; New Zealand-based sustainable clothing brand Maggie Marilyn designed by Maggie Hewitt; French-Belgian designer Marine Serre; British men’s wear designer Martine Rose; British women’s wear designer Molly Goddard; Palomo Spain by Spanish designer Alejandro Gómez Palomo; Irish designer Richard Malone, and Japanese designer Teppei Fujita’s Sulvam line.

The semifinalists, selected by an internal committee, are to travel to the French capital with their collections and display them at LVMH headquarters on March 2 and 3 during Paris Fashion Week. There they will face a committee of more than 40 experts charged with selecting the eight finalists.

Arnault said Kendall Jenner recently confirmed she would be joining journalists, stylists, buyers, photographers and other fashion professionals on the committee.

As a last step, the finalists will gather in mid-June at Fondation Louis Vuitton in Paris to face a jury stacked with LVMH fashion stars: Dior’s Maria Grazia Chiuri; Karl Lagerfeld of Fendi; Louis Vuitton’s Nicolas Ghesquière; Marc Jacobs; Loewe artistic director Jonathan Anderson; Céline’s Phoebe Philo, and Kenzo designers Humberto Leon and Carol Lim, among others.

Arnault noted that the selection was whittled down from a record 1,200 entries. Unique in its online-only application process, the LVMH Prize is open for anyone under age 40 who has produced and sold at least two women’s or men’s ready-to-wear collections.

“I think it’s great they are traveling to be here, because it’s always inspiring to meet them, understand their personality and the philosophy and vision behind their work, and to see the product in real life,” she said. “I really hope that being exposed to the press, the buyers and key personalities from the industry will boost their careers.”

>>> US Early premarket gappers

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(Manager-Magazin) China's ten most aggressive corporations (Google translate)

Who is Wanda? Who is behind HNA? Two Chinese companies. The one - Wanda - just wanted to buy the Postbank stock market show just now, the other - HNA - has just entered the Deutsche Bank . And once again, there is a general lack of advice and ignorance. China's companies have incomprehensible names and cryptic abbreviations for us. Often, they know only industry insiders.

And even less is known about the bosses behind the names. Who already knows HNA founder Chen Feng or Wanda boss Wang Jianlin, although he is the richest Chinese.

A shortcoming that we can no longer afford to do in Germany. For the unknown men are the buyers of today and competitors of tomorrow. We must therefore look much more closely at the Chinese corporate landscape and learn to understand it. And this is divided: Here the state groups (mostly after their English name State-Owned Enterprises as SOEs abbreviated) and there the more or few private enterprises.

The SOEs are managed by an all-powerful authority, the SASAC. Currently, the SASAC has just over 100 corporations in the portfolio - from Bank of China stock exchange chart show over China Mobile to Sinopec. Many of them go for a global shopping trip, which is mostly politically motivated and arranged, for example, when buying foreign raw materials companies. The ChemChina Syngenta deal also serves a political-strategic goal, namely to secure the food supply that is becoming more precarious in China.

The private corporations, which in the meantime dominate the economy of China, go a different way. Your internationalization strategy has three main drivers: brands, market shares and technology. In order to acquire these, the Chinese companies grab deep into their pockets and offer almost at any cost. In the global M & A game, they have now become a major player. The ten most aggressive corporations from the realm of almost unlimited financial resources are the following:

Alibaba: The e-commerce company was founded by Jack Ma, the most famous entrepreneur in the country. The charismatic Ma has popstar statues. He is courted by Trump and Merkel. Alibaba stock market chart - coming from the B2B area - currently buys mainly in the B2C and via subsidiary Ant Financial in the financial sector (for example, MoneyGram).
Anuwang: Wu Xiaohui started with his insurance company in 2004, but thanks to his good connections - he is married to a granddaughter of Deng Xiaoping - grew rapidly. Currently diversified into the hotel business, purchased the Waldorf Astoria in New York, but rose to the bidding of the Starwood chain.
Fosun: Founder Guo Guangchang likes to compare himself with Warren Buffett and his company with GE. Fosun is a conglomerate that is also strong in Europe. There he owns the ClubMed, banks in Portugal and Germany.
Geely: Was under Li Shufu mainly with cheap small cars big. Then he bought Volvo stock market chart , whose integration has apparently succeeded. Currently, he is showing off with Peugeot stock market show around the Malaysian manufacturer Proton.
HNA: Launched from the tropical island of Hainan with the first private airline Hainan Airlines. Founder Chen Feng followed further engagements in the airline and hotel industry (Hilton Stock Exchange Chart , Carlson, NH). Now also in banks, see the current commitment to Deutsche Bank.
Midea: A white-goods producer, who is the leader in air conditioning. Bought 2016 only the household appliances department of Toshiba stock market chart show and then the German robot manufacturer Kuka stock market chart show .
Sanpower: The company of Yuan Yafei and brother-in-law Chen Yixi is heavily in retail (computer stores and department stores) and real estate. They already bought the British department store House of Fraser in 2014.
Suning: Zhang Jindong built the largest electric market chain. Today has 1600 stores and 180,000 employees. In 2016, the majority took part in the Inter Milan football club for over 300 million dollars.
Tencent: Next to Alibaba is the other big Internet company. Earns a lot of money when playing online. Dominated with WeChat - by the way much better than WhatsApp - the trade fair market. Systematically captures the Asian market and now opens offices in Europe's cities (after Milan, Paris and London).
Wanda: Founded by Wang Jianlin, the richest Chinese (assets: $ 31 billion). He has grown big and rich in real estate. Expanded strongly in the entertainment area, bought Kinoketten, Hollywood studios, football clubs and sports rights marketer.

These are just ten companies from the top league. Behind this first row are still many stony entrepreneurs. A very good overview of "China's Tycoons" is provided by HSBC-sponsored online magazine Week in China . 150 tycoons are described and illustrated. It could well be that one of these - still - unknown gentlemen (and few ladies) this year with a suitcase full of money on the one or other German executive set up appears.

FT : Economists did not pay enough attention to globalisation ‘losers’ – Weidman

Economists did not pay enough attention to globalisation ‘losers’ – Weidmann

Germany’s top central banker has acknowledged that economists did not pay enough attention to the losers from globalisation, though he cautioned against protectionism as the right fix.

Jens Weidmann, president of the Bundesbank, used his central bank’s annual report to say that economists had “perhaps failed to emphasise enough in the past… that… the less qualified members of the workforce who feel the competitive pressure stemming from international trade.”

However Mr Weidmann continued to rail against anti-trade sentiment, which has found its most prominent advocate in US President Donald Trump. The Bundesbank chief said the solution instead was more access to education.

“A more appropriate course of action [rather than protectionism] would be to enable every citizen to participate in the rewards of globalisation,” Mr Weidmann said.

“Better schools and universities, and lifelong learning, can give people the skills and agility they need to capitalise on the benefits a changing environment can offer.”

The Bundesbank made a profit of €1bn this year, down from €3.2bn last year, according to the annual reports.

(MS) French Elections : Bucking the Populist Trend

France is more likely to elect a moderate rather than an antieuro president. And a fragmented parliament, but still one
where the mainstream parties are the largest, is likely to mitigate tail risk even if Marine Le Pen were to win. We discuss what it all means for the economy and markets.

Strategy implications:
OATs and European stocks are our preferred longs and priced to have the best probability-weighted risk/reward and reasonable upside in our highly likely base case scenario (85% probability that Le Pen loses). BTPs, EURUSD and iTraxx Main have the worst probability-weighted risk/reward and limited upside in the base case. Low implied volatility in EUR and iTraxx Main also offers an opportunity to set downside hedges. In terms of French bank equity, BNP and Soc Gen have an appealing risk/reward, with 15-20% upside potential on a probability-weighted basis.