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7-...In English of Course...

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    [#LUXURYLAB] [ECO] | #Clarins, #L’Oreal & Others Launch #Initiative to Improve #Beauty #Supply #Chain | @ENVIRONMENTAL LEADER

    DE JENNIFER HERMES | ENVIRONMENTAL LEADER | http://bit.ly/2zKQw5e

    #Clarins, #L’Oreal & Others Launch #Initiative to Improve #Beauty #Supply #Chain

    Clarins, Coty, L’Oreal and Groupe Rocher have joined with EcoVadis to launch the Responsible Beauty Initiative (RBI), a group that the companies say will accelerate social and environmental performance and progress throughout the beauty supply chain. EcoVadis, a provider of supplier sustainability ratings for supply chains, is working with the companies to ensure their suppliers have sound environmental business practices in place.

    The announcement comes at a time when few companies (just 15%) say they have total visibility into the environmental actions of their tier one and tier two suppliers (per an EcoVadis report published earlier this year).

    RBI is meant to help companies to boost environmental responsibility in their supply chains by:

    • driving a common understanding of sustainability performance across the industry
    • sharing best practices and processes
    • leveraging common tools to create efficiencies and benefits for suppliers

    The RBI is built on a Corporate Social Responsibility (CSR) rating platform, operated by EcoVadis, as a common foundation for supplier assessment and interaction. It will address the unique opportunities and challenges of the beauty industry global supply chains and will aim to drive the continuous improvement of sustainability practices, the companies say. The founding members will sign the charter to officially launch RBI and invite other companies and suppliers in the industry to join.

    Clarins, L'Oréal, Initiative, beauty, supply chain

    Nearly half (45%) of organizations say their sustainable procurement program covers most (75% or more) of their spend volume today, a significant jump from the 27% that reported the same in 2013, according to EcoVadis. Yet while supplier coverage has increased, depth of supply chain CSR visibility remains elusive: just 15% of organizations said they have complete supply chain visibility into the CSR and sustainability performance of both tier one and two suppliers, and only six% reported full visibility into tier three suppliers and beyond. This is the number one challenge today for sustainable procurement teams. “It is often further down in supply chains where the most significant risks lie, and the need to scale up programs to increase the depth of program visibility to the ‘long tail’ of global supply chains has never been more urgent,” the report stated.

    But companies looking for sustainable sourcing nirvana are making progress: The EcoVadis/HEC study also found that organizations collecting sustainability data are actively using the intelligence to guide sourcing decisions. By making CSR data a key factor in the sourcing process, organizations are incentivizing suppliers to be more sustainable and act more responsibly across the board.

    The report found that 97% of organizations place a high level of importance on sustainable procurement, continuing an upward trend seen in the last decade.

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    [LUXURY LAB] [ONLINE] | #JD.com launches #luxury #e-commerce #platform #Toplife | @STYLE

    DE VIVAN CHEN | STYLE | http://bit.ly/2i4D1GO

    #JD.com launches #luxury #e-commerce #platform #Toplife

    Chinese online retailer flexes its muscles in the luxury sector with the launch of its new site, Toplife, rivalling Alibaba’s Luxury Pavilion.

    Chinese e-commerce sites have been warring over who gets the biggest slice of the luxury sector. Following Alibaba’s launch in August of Luxury Pavilion – an e-commerce platform on its TMall shopping site dedicated to high-end, premier luxury brands the likes of Burberry, Hugo Boss and La Mer – JD.com has unveiled today its first-ever luxury online platform called Toplife. Alibaba Group is the owner of the South China Morning Post.

    The site is said to be “an exclusive full-price online shopping platform” that allows brands to sell directly to consumers through a luxury e-commerce ecosystem that incorporates online stores, premium customer service, delivery and marketing, and warehousing and inventory.

    “Our deep understanding of high-end consumers has enabled us to launch a luxury e-commerce ecosystem that provides a truly premium shopping experience, and helps partners tell their brand story to local consumers,” says Richard Liu, chairman and CEO of JD.com, in a statement. “Toplife aims to mirror the offline luxury shopping experience in a premium e-commerce experience.”

    JD.com, luxury, e-commerce, plateform, Toplife

    Toplife, a smart device application, is now available for downloading.

    So far, six luxury brands including La Perla, Rimowa, B&O Play, Trussardi and Emporio Armani have joined the Toplife platform. JD.com suggested in the statement that more brands will be joining the platform, including ones that will be launching their first ever online stores in China.

     

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    [LUXURY LAB] [EVENT] | #L'Oréal Paris Brings #Diversity To The Runway | @Forbes

    FROM SHELLIE KARABELL | FORBES | http://bit.ly/2geOuj6

    Life, Liberty And The Pursuit Of Beauty: #L'Oréal Paris Brings #Diversity To The Runway

    Paris Fashion Week is a time when couturiers spare no expense to strut their stuff in front of a select audience, sparing no expense. Chanel this year set off rockets in Grand Palais; Dior took over the Rodin Museum gardens. All for 15 minutes of high level, high-priced high fashion, available to the general public only on TV or You Tube videos or in their dreams. This year, L’Oréal Paris presented another take on that theme — mounting a 20-minute "defile" (fashion show) for the public and in public, featuring a 60-meter (nearly 200-feet) runway down the middle of the most famous avenue in Paris, 70 “looks” by 18-different designers. More similarities: loud music, lights and giant video screens, beautiful clothes, beautiful models male and female wearing beautiful makeup (including silver lipstick).

    Kind of like France’s July 14 Bastille Day parade, but without the tanks and soldiers. You had to admire the logistics, planning, timing and security even if fashion wasn’t your thing. And the brand’s makeup and hairstyling products held up under the wind and drizzling rain, which managed to seep under the arched covering.

    L'Oréal, Diversity

    There was a certain irony in the fact that the 600 invited guests were seated on one side of the wide runway and several thousand members of the public were standing on the other side looking in. And there were even bigger and more significant differences from your run-of-the-mill high fashion show, aiming this show at real people: instead of row after row of rail-thin models, the show by L’Oréal Paris was sprinkled with some real-sized, even over-sized women, not to mention a few famous L’Oréal Paris "faces,” such as actresses Helen Mirren and Jane Fonda. And instead of having to wait six months before finding runway fashions in the shops, you could just walk right over to French department stores Printemps or Galleries Lafayette and buy what you just saw, if you had a mind to. Or you could learn the secrets of what went into what you just saw on the runway by taking a master class at one of the four booths set up adjacent to the venue. Oh, and the venue: the Champs Elysees, closed to traffic as part of the city’s no-cars Sunday experiment. It’s hard to beat the Arc de Triomphe as a background, rockets or no rockets.

    “This is part of our brand mission — to portray diversity, to open up the best in beauty to everyone,” Pierre-Emmanuel Angeloglou, President of L’Oreal Paris, told me in an interview in his office for this blog. He pretty much does that already: L’Oréal Paris (one of the L’Oréal Group’s 32 brands) already sells 50 products a second, according to company statistics. Those are the skin care, hair care, and makeup — for men and women — you see under the L’Oreal brand in the drug store and supermarket. But don’t let that placement fool you: L’Oréal Paris has been the official make-up and hair artist for the Cannes Film Festival for the past 20 years. And in addition to L’Oréal Paris, the parent company L’Oréal Group owns perfume, hair care (consumer and professional) makeup and skin care brands such as Lancôme, The Body Shop, Kerastase, Maybelline, SkinCeuticals, and Ralph Lauren and YSL perfumes. L’Oreal Group is the biggest beauty company in the world, selling more than one billion products a year.

    [READ MORE]

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    [EVENT] | CEW CONFERENCE | COSMETIC AND DIGITALIZATION: WHY DOES THE BEAUTY WELL GET OUT ITS PIN OF THE GAME?

    CEW CONFERENCE | OCTOBER 10th | COSMETIC AND DIGITALIZATION

    I invite you to participate at the conference organized by the CEW under the theme: "Digitalization: why does the cosmetic distribution well get out its pin of the game?" With in presentation the results of the barometer cross channel of Promise Consulting / Panel on the web.

    I will have the pleasure to speak before the members and members invited of the CEW. The conference will be followed by a debate in the form of questions and answers.

    All welcome!

    When? October 10th, 2017 from 6PM until 8:30 PM

    Where? At the Oddo bank at Madeleine (Paris 9th)

    Register here

    The CEW is the 1st international network of the professionals of the beauty. Today, it gathers 8000 members grouped in three associations: CEW US, CEW UK and CEW France. Created in the United States in 1954, the Cosmetic Executive Women became the CEW and it welcomes from now on all the professionals of the sector.

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    [LUXURY LAB] [RETAIL] | #EBay partners with #fashion #marketplace #Spring | @CNBC

    FROM LAURENT THOMAS | @CNBC | http://cnb.cx/2y0xqEb

    #EBay partners with #fashion #marketplace #Spring in growing rivalry with #Amazon, #Wal-Mart

    As Amazon, Wal-Mart and Target work faster than ever to beef up their e-commerce operations, one of America's earlier internet marketplaces has fallen off some shoppers' radars. But don't count eBay out of the race to the top.

    The company is partnering with Spring, a New York-based fashion e-retailer, to bring hundreds of big-name accessories and apparel brands to ebay.com. Shoppers will now be able to browse the looks of David Yurman, Rag & Bone, Mango and Chloe on eBay's website, the same site that lets customers bid on toys, power tools and motorcycles. Like its retail rival Amazon, eBay's in the business of everything.

    Ebay, Amazon, Fashion, Spring, marketplace, Wal-Mart

    EBay's latest move shows the e-retailer is still trying to grow its online marketplace and shed from its image any perception of poor quality or too much hassle. Today, more than 80 percent of merchandise sold on eBay is new, and nearly 90 percent of items bought on the website are purchased without a bidding component.

    It also reflects a bigger shift in the industry. "The Spring and eBay partnership is evidence of a growing trend in which retailers are partnering — instead of competing — with other retailers," Jill Ramsey, vice president of merchandising at eBay, said.

    "With Spring, we can bring even more coveted merchandise to our buyers, making it easier than ever to discover their own version of perfect."

    The Spring storefront on eBay's website will function like a boutique, the companies explained, where shoppers should be pleased to find more of their favorite brands in one place. At least that's the goal, as consumers today are faced with more options of places, both online and offline, to ring up purchases.

    It's not the exclusivity factor that sets Spring apart from other retailers or online players — Coach and Michael Kors, for example, can be purchased via many outlets. Spring, though, has managed to curate an assortment of hundreds of fashion-forward brands, all within one site, and now it hopes to bring that same concept to eBay, making the internet marketplace a "dedicated destination" for women looking for Bobbi Brown makeup or a pair of Tory Burch sandals.

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    [LUXURY LAB][ECONOMY] | Build a #brand for #Millennials | @CITYA.M.

    FROM JEZ FRAMPTON | CITYA.M. | http://bit.ly/2vR6bLF

    #Build a brand for #millennials : The new challenge

     A brand is the most important asset a business can have. It is the only true, long term differentiator of a company, and without doubt it helps businesses change and grow. But although business owners know this is true, most are still neglecting the one thing that makes a successful brand: people. Brands start and finish with people. They begin on the inside, with humans, and are ultimately delivered on the outside, to humans. People are the pillars of a company that breathe life into businesses.

    Brands are not a tangible product – they are a human construct brought together by opinions, perspectives and experiences. These experiences are made up of interactions with the product, a company’s culture, its impact on the wider environment, and how it communicates. Each of these factors makes up a brand. And every touchpoint for a consumer or employee matters. It is only when these experiences are fully aligned with clear values and purpose that a brand can live to its full potential.

    People form opinions of companies in the same way that they form opinions of other people: it is an informed, emotional choice as to whether they like and trust you. Your company needs to have clear values and a meaningful purpose to allow people to make these decisions.

    This is even more crucial when aiming to get millennials engaged with your brand. Some might be tired of hearing about millennials’ needs, and the fact that they are more concerned with a business’ ethos and vision than their parents were. But this is the generation that companies must aspire to.

    This unique generation has found its voice and is not scared to use it. Look at the recent General Election, for example. Theresa May thought she was safe, but the millennials roared and swayed the result. They weren’t prepared to stand for something they didn’t believe in.

    Millennials want purpose, clarity and authenticity, and these are the qualities that must be instilled into a brand’s ethos if you want this and future generations to consider buying into your products. Millennials are the people that will champion your brand’s purpose – if you give them one.

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    [LUXURY] | #Luxury #Brands Are In Danger Of Losing American #Millennials | @Forbes

    FROM PAMELA N. DANZIGER | FORBES | http://bit.ly/2gZkH16

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    Should #Luxury #Brands Be Excited About China’s Live-Streaming Frenzy? |@China @adetem @luxury

    JING DAILY | SUNDAY APRIL 09 2017 | 

    PHOTO CREDIT: Bulgari's brand ambassador Kris Wu showed viewers the brand's new watches during a live streaming event on Yizhibo last month.

    [READ THE FULL ARTICLE ONLINE]

    The live-streaming industry’s explosion in China has shown the world just how keen Chinese consumers are about broadcasting their daily life on social media. Official statistics from the China Internet Information Center indicate that the number of live-streaming viewers had reached 325 million by the end of June 2016 and the majority of them are young—facts that have significant implications for luxury brands in China targeting the country’s emerging wealthy, millennial consumers. While brands have many reasons to be optimistic about this new tool for reaching shoppers, live-streaming’s widespread reach in China means navigating it the smart way isn’t always easy.

    Huge viewership numbers seemingly point to a promising path for luxury brands to win over more customers. However, exaggerating the number of views is a common practice among China’s various live streaming platforms, as exposed by some well-known online hosts and Chinese media outlets. In 2015, state-run newspaper People’s Daily criticized one live-streaming show on Douyu, a major service provider, for claiming a broadcast exceeded 1.3 billion online viewers, which is almost equivalent to the total population in China. During that same year, a popular live-streaming host said publicly that the platform he worked for constantly faked viewership numbers in order to attract investment.

    Faking viewership is not difficult to do. There are numerous third-party tech companies that provide services to live-streaming hosts to add to their popularity, similar to the way in which Instagram and Weibo bloggers can buy followers. Taobao is one site that hosts shops that sell packages to people who want to ensure the popularity of their live-streaming sessions. The above image shows that by paying 1 RMB, the buyer can get 100 viewers. According to Chinese media reports, this grey market is quickly growing to meet increasing demand.

    Luxury brands in China should also keep in mind that the majority of live streaming viewers do not necessarily align with their target market. Though there are many different types of people who watch live streams, a general perception is that people who like it most are either diaosi, which is slang for “loser”, or tuhao, a term used to describe the “tacky,” nouveau riche, who are often associated with a penchant for live-gaming.

     

    Lire la suite

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    Sales for this luxury yacht maker are booming after #Brexit vote |#yatching #luxury @adetem

    CNBC |  |

    [READ THE FULL ARTICLE ONLINE]

    Princess Yachts, a luxury yacht maker based in Plymouth, U.K., said its retail sales rate had increased 25 percent over the past year, thanks largely to the decline in the British pound after the U.K. voted to leave the EU.

    "Brexit has given many of our customers to buy at a more favorable price in their local currency," Antony Sheriff, executive chairman of Princess Yachts told CNBC while at the Singapore Yacht Show. "But we don't count on that. We assume exchange rates at some point will even out."

    Princess Yachts says its production is entirely conducted in and around Plymouth, while competitors use a variety of global suppliers. The domestic production, coupled with the majority of its buyers being outside the U.K., has made for a beneficial combination. The pound is down about 17 percent against the dollar since the U.K. voted to leave the E.U.

    The majority of buyers of Princess Yachts come from Europe and the U.S., meaning the prices are now very attractive.

    According to the company, its yachts are now sold out through 2018, with some orders confirmed for 2019.

    Sheriff said the surge in sales actually began a few months prior to Brexit as a result of newly designed offerings, but it was then reinforced by currency moves.

    Recently, Article 50 was triggered in the U.K., which is the formal two-year process governing Britain's departure from the E.U.

    Still, a lot of uncertainty remains, which Sheriff said makes it challenging to navigate the business.

    "Nobody really knows how to plan for the future," he said. "If there's one thing that would be useful for the government is to give us some degree of certainty as to what the plan is on the Brexit side and some degree of certainty that border taxes will not distort the market."

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    T. TALK NYC | Which Fashion Houses have the 'Hottest' brands?" | Thursday, February 2nd NYC

    TRAUB & Threadstone invite you to the First T.TALK |Thursday, Feb 2nd, NYC

    "WHICH FASHION HOUSES HAVE THE 'HOTTEST' BRANDS?"

    Discussion led by the founders of the Worldwide Barometer Exclusivity & Desirabil| ity of Luxury Brands Index

    luca solca, bnp, exane, fashion, luxury

    Luca Solca, Head of luxury goods research of financial services firm Exane BNP Paribas. Luca is the #1 ranked analyst for luxury coverage.

    &

    philippe jourdan, marketing, fashion, luxury, promise, promise consulting

    Philippe Jourdan, Partner at Promise Consulting, the premier luxury marketing research firm in Europe focused on measuring brand equity.

    Thursday, February 2nd, 2017, 6:30 PM

    Le Skyroom | 22 E 60th Street, NY 10022

    PLEASE RSVP TO ahafkin@marvintraub.com by January 27th

    Space is limited so a prompt RSVP is appreciated.

     

    marvin traub, threastone, fashion, luxury, new-york