Clothes, Fashion accessories, Jewelry
H&M announced its collaboration this fall with Parisian fashion house Balmain and its artistic director Olivier Rousteing during the Billboard Music Awards.
Rousteing and models Kendall Jenner and Jourdan Dunn walked the red carpet at the Billboard Music Awards, revealing the first pieces of the collection. Through social media, H&M and Balmain invited fans to join a movement of togetherness: #HMBalmaination."I want to talk to my generation: this is my main purpose as a designer. H&M allows me the unique possibility of bringing everyone into the world of Balmain, getting a piece of the dream and creating a global #HMBalmaination: a movement of togetherness, fueled on a hashtag. The collaboration felt extremely natural to me because everybody can connect with the H&M brand. It calls for unity, and I am all for it", says Olivier Rousteing. "We are excited to have Balmain as our guest designer at H&M and create a truly involving experience for everybody. With its mix of couture spirit and street wear attitude, Balmain owns a unique style, at once opulent and direct, sensual and energetic. It is also closely linked to the show business and music worlds, which adds another element of surprise," says Ann-Sofie Johansson, Creative Advisor at H&M. Available from November 5, in around 250 stores worldwide and online, the collection will feature clothing and accessories for both women and men.
Lancel is bringing us a new collection called Pop, a line of bags that will notably come in three formats: 12 hours, 24 hours and 48 hours. Made in France, this collection is light and pliable, thanks to its soft leather, but also fun, with its colours that stray from the usual offering the leather good brand from Richemont usually gives us.Inspired by Lancel campaigns from the 80s, the campaign for the Pop collection features Malgosia Bela and Will Chalker shot by Patrick Demarchelier.
Pop will be available in stores and, as of May 7, on the mini-site www.pop.lancel.com, which will serve as a teaser for the launch of Lancel’s global e-commerce business, scheduled for later this year.
In line with this new collection, the French house has teamed up with Wallpaper magazine for three additional travel items to be discovered exclusively on the e-commerce site.
LOreal posted a 14.1 percent rise in first-quarter sales on Monday, helped by the weak euro and resilient demand for luxury goods products such as Yves Saint Laurents Black Opium perfume.
The maker of Garnier shampoo and Maybelline make-up said the market for mass consumer goods had declined slightly in Western Europe but was still growing moderately in North America.
Sales growth at LOreals mass consumer goods business slowed to 1.7 percent on a like-for-like basis in the three months to March 31, down from 3 percent in the previous quarter, while sales growth for luxury products slowed to 7.5 percent from 8.6 percent.
Overall, the worlds biggest cosmetics group generated quarterly sales of 6.44 billion euros ($6.93 billion), up 4 percent on a like-for-like basis and 5.2 percent at constant exchange rates.
LOreal did not give a precise forecast for the full year other than to express confidence in its ability to outperform the market again and achieve growth in sales and profit.
LOreal shares, which have gained 27 percent since Jan. 1, rose 0.5 percent to close at 177.20 euros.
€1 = $1.07/£0.72
Vicomte A. is strengthening its international presence. The French brand, founded in 2005 by Arthur de Soultrait, is now offering its polos along with the entirety of its high-end ready-to-wear for men and women in Belgium and Luxembourg.It is notably being carried in the Brussels concept store Smets Premium Store, located on Leuvensesteenweg. The brand, which directly manages nearby markets, has half-dozen high-end locations in both countries.
With a presence at more than 300 retail locations worldwide, it is also expanding internationally. The Japanese and US markets (where the brand has a showroom) are the main contributors to its export business, but it is also expanding into new countries.
It has signed a distribution agreement in Australia and announced its deployment in a premium multibrand network for summer 2015. The initiative is being accompanied by a polo event sponsorship deal that was signed in 2014.
Thanks to the work of a commercial agent, a dozen or so clients are also carrying the brand’s summer 2015 collection in Russia, while the brand is also now present in the concept store Grandezza in Baku, Azerbaijan. Vicomte A. is additionally in talks to open a monobrand location in Moscow.The brand is already present in China through corner stores, but it has just finished up negotiations for an exclusive distribution agreement and the opening of its first store in Taiwan, in Taichung City, scheduled for September. Two openings should follow in 2016 in Taipei and Kaohsiung.
At the beginning of 2014, the brand received investment from CM-CIC Capital Finance and strengthened its management team over the course of the year. It then announced an objective of having international sales making up 40% of revenues in 2018 as compared with 15% in 2013.
Bakery, Grocery, Baked products, Miscellaneous
Shares in Swiss-Irish food group Aryzta fell to their lowest level in 18 months after it announced plans to buy a stake in French food retailer Picard, surprising investors, who had thought the company was keen to exit the frozen foods sector. Aryzta said it had entered into exclusive negotiations to buy a 49 per cent stake in the French brand, which specialises in high-end frozen food, for €447 million from Lion Capital, a private- equity firm based in London. Under the terms of the deal, Aryzta would maintain an option to acquire 100 per cent stake in the business in three to five years.
The acquisition, if it goes ahead, will be funded from the proceeds of its part sale of agribusiness group Origin and the disposal of its Tullamore-based Carroll Cusine, which look set to net Aryzta an estimated €444 million. News of the deal, however, sent shares in the Dublin and Zurich-listed company down. They fell 7.8 per cent or €4.75 to €58 in Dublin and by a similar margin in Zurich, their lowest close since September 2013.
Nonetheless, chief executive Owen Killian insisted the investment in Picard was “consistent with Aryzta’s strategy of consumer relevancy through diversifying markets and channel positioning”.
Picard has delivered consistent revenue, profit and market share growth over 40 years, he added.
The French company sells mostly high-quality French produce through its 930 stores and commands 20 per cent of the country’s frozen food market.
Recently, it has begun to expand internationally, opening stores in Belgium, Italy, Sweden and Japan. The deal would give Aryzta a direct retail presence on the ground for the first time.
The company said it would treat the French group as an associate and that it expected the acquisition to make a net contribution of 3 per cent to underlying earnings per share (EPS), offsetting half of the negative 6 per cent impact of the Origin placement.
Last week, it placed 49 million shares in Origin, some 60 per cent of its stake in the business, on the market, raising more than €404 million. The group will take two seats on the Picard board as part of the deal.
“Other food companies have problems in frozen or are even selling these activities, so the market is a bit irritated by the move,” said Patrik Schwendimann, an analyst at Zuercher Kantonalbank. “The transaction in combination with the Origin sale will reduce earnings per share.”
Vontobel analyst Jean-Philippe Bertschy said: “That move is surprising as Aryzta is expanding in a non- bakery sector and in a saturated market.”
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Health, Medical Devices
A French start-up has designed a hand-held spectroscopy device to carry out about fifteen common blood tests. The analyzer will cost less than € 600.
“Our idea is to avoid using reagents to examine the composition of blood,” explains Mejdi Nciri, Archimej Technologys CEO. The start-up, founded with two other engineering graduates of the Institute of Optics Graduate School in Essonne (France), measures the quantity of chemicals checked for in the blood by studying light beamed through it.No less than four patents have been registered on the Spectroscopy 2.0 optical technology. This invention comprises two separate light sources emitting different wavelength light beams, a suitable detector (that collects light beams transmitted through blood samples), a signal processor (that determines wavelength absorption), and a spectral multiplex unit consisting of a bi-concave lens and optical prism.By absorbing the various spectral components of light beams, this device, called Beta-BioLED, can determine the chemical composition of blood samples. The device in the size of a mobile phone, calculates cholesterol and sugar levels, as well as creatinine and albumin levels for renal pathologies and the main cardiac markers. In other words, it can carry out about fifteen of the most common blood tests. This equipment is very easy to use. “All you have to do is put a drop of blood on a test strip inserted into the device. Once the real-time analysis is completed, the results display on a tablet or connected smartphone,” explains Francisco Vega, Archimej Technologys chief financial officer.Archimej Technology is at the heart of France’s Opticsvalley network and has received many trophies and awards: the Altran Foundation Award (2012); the Île-de-France region’s Business Creation Competition (2013); and Essonne Chamber of Commerce and Industrys Hope of the Economy Trophy (2014). Archimej Technology intends to market its hand-held analyzer for less than €600. “Were not competing with conventional analysis laboratories, which carry out up to 80 different tests. Our technology is complementary. It costs €15-20 to do this many blood tests in a laboratory. We expect to offer the same service 20 times cheaper,” says Camille Pat, Archimej Technologys marketing manager. Archimej Technology is initially targeting healthcare professionals working for non-governmental organisations (NGOs) in developing countries, which lack medical infrastructures.It plans to extend onto the general public market by using the same business model as glucose monitors sold directly to diabetics. The first version of Beta-BioLED should be on the market by 2016. A big push on R&D is still needed to achieve this. Archimej Technology intends to raise 3 million euros to speed up this development.
UBIFRANCE, the French agency for international business developement, comes under the aegis of France's Ministry for the Economy, Industry & Employment. UBIFRANCE lies at the heart of France's public-sector export support framework.