Louis Vuitton has launched E-Commerse in Hong Kong

Especially for our readers from Hong Kong: French Maison Louis Vuitton announces the opening of online shopping for clients located in Hong Kong. Shop from a selection of Louis Vuitton collections, including ready-to-wear for men and women, small leather goods and more. Clients can also enjoy hot-stamping, engraving services and complimentary same day shipping or Click and Collect at select stores.

Come into the beautiful world of Louis Vuitton.

Guerlain, give the gift of savoir-faire

Bloom a wish with Guerlain’s unique savoir-faire this Christmas. Give the gift of savoir-faire this winter with a visit to the Guerlain boutique at 68 Avenue des Champs Elysées, Paris.

From luxurious gift sets and iconic Guerlain creations to custom-made Bee Bottles, complete with personalised message.

Guided by the Golden Bee, symbol of the Maison, French Maison Guerlain invites you on a magical journey across Paris this winter. Sumptuously decorated for the holidays, Guerlain’s iconic flagship store is home to exclusive limited-edition gift sets, a personalised engraving service and unique fragrance atelier, helping visitors craft their unique creation with one of French Maison’s iconic fragrances. A luxurious homage to the festive season.

Uncover a selection of festive treasures online and in their Parisian boutiques, come into the beautiful and magical world of Guerlain.

Renowned Italian jeweler Bvlgari opens the doors of the Shanghai Flagship Store

On November 19, 2020, Italian jeweler and watchmaker Bvlgari held the grand opening of the Bvlgari China Flagship Store at Plaza 66 in Shanghai.

In a glittering affair, Kolia Neveux, President of Bvlgari Greater China was accompanied by Commercial Vice President of Bvlgari China, Yang Yi and General Manager of Plaza 66, Janice Cheung alongside Bvlgari Brand Ambassadors, actress Shu Qi and actor Deng Lun for the ribbon-cutting ceremony. The embrace of Italian Dolce Vita was an experience shared with distinguished guests and close media friends.

The magnificent architectural concept developed by the acclaimed architect Peter Marino, has been inspirared by the epic golden years of the 1930’s and Bvlgari pieces designed during the Art Déco period, highlighting once again the incredibly rich heritage and unique craftsmanship of the brand.

The Bvlgari store embodies pure Roman style through its visage. Offering a timeless yet contemporary vision of Rome, it will endure in the warmth of the Eternal City, a perfectly polished jewel in Shanghai’s crown.

A visit to the store is like taking a stroll in the center of Rome. Bvlgari is Rome: sunlight, marbles and ancient buildings. These features are incorporated into the design of the new flagship store, adding a distinct Italian touch to its beauty.

Actress Shu Qi wore a precious necklace and ring from the Bvlgari High Jewellery Collection and earrings from the Diva’s Dream Collection. She also sported the Serpenti High Jewellery watch, carrying the pieces with divine grace.

Actor Deng Lun was no less refined. He wore a necklace, brooch, and ring from the Bvlgari High Jewellery Collection, paired with the Octo Roma Tourbillon Sapphire Malachite timepiece, radiating the charm of a gentleman.

At Bvlgari Flagship Store at Plaza 66 in Shanghai you find jewels and watch collections with iconic names like Parentesi, B.zero!, Bvlgari-Bvlgari, Octo Roma, Tubogas, Serpenti, and Diva’s Dream (to name just a few). Made of gold or platin, and often set with the most beautiful and precious stones. In the new flagship store you also find the beautiful accessoiries, like scarfs, and leather goods.

Come into the beautiful and timeless world of Bvlgari.

Hermès opens the doors of new Stockholm Boutique

On the 9th of October, Hermès is delighted to open the doors of its new address in Stockholm sits on the ground floor of Nordiska Kompaniet, the heritage-listed Art Nouveau department store.

The design draws on Stockholm’s historic cityscape and oneness with nature. In a nod to Scandinavian design, central structural columns have been plastered and reimagined as modernist, sculptural forms. Feature walls, clad in undulating cherrywood panelling, add warmth and texture to the room.

The result displays a marked appreciation of organic form, abundant light and a sense of spaciousness that provides a convivial backdrop and ideal scene in which to peruse the sixteen métiers of the Maison.

Come into the beautiful world of Hermès.

French Maison Chanel Purchases Bond Street Store for £310 Million

The same week that Chanel unveiled its new Spring/Summer 2021 collection at the Grand Palais in Paris, the French Maison has announced that it purchased its Bond Street store for £310 million, in a show of confidence to retail in London.

Chanel’s little black dresses, softly tailored tweed jackets and two-tone shoes have been a fixture at 159 Bond Street since 2013. In a boom for British retail, the Parisian fashion house has agreed to pay £310 million to buy the boutique outright, which is £70 million more than the original £240 million asking price. 

Chanel reportedly fought off competition for the prime location from the Abu Dhabi royal family, as well as private investors in Hong Kong, Europe and America. Spanning 12,600 sq ft, the flagship boutique is one of the largest Chanel shops in the world and houses the French Maison’s complete offering of ready-to-wear, footwear, accessories, fine jewellery and beauty, with sumptuous VIP changing rooms and an art-filled lounge.

The Chanel Boutique at Bond Street is one of Chanel’s largest spaces worldwide, the store covers three floors and sells fashion, beauty and accessories. 

Designed by Peter Marino, the boutique’s showpiece is a supersized, sculptural string of pearls that hangs down the middle of the stairwell, made from hand-blown Murano glass by French artist Jean-Michel Othoniel.

The French Maison has further outposts on Sloane Street in Knightsbridge and Walton Street in Brompton Cross, as well as a jewellery boutique on New Bond Street. 

The acquisition highlights Chanel’s commitment to British retail despite the high street reporting a fall in sales and shoppers following lockdown measures. While the premium brand accessed the Bank of England’s emergency coronavirus lending scheme at the start of the pandemic, borrowing some £600 million, the company has said this has since been paid back in full. 

While it is an undeniably difficult time for British retail, the luxury sector has continued to perform well: there have been consistent queues outside Bond Street’s most popular boutiques since they reopened in July, as well as steady footfall in Knightsbridge and Chelsea. During September, The Deck opened as the first all-female tailor on Savile Row, and Thom Sweeney unveiled a multistorey townhouse on Old Burlington Street. Off-White also recently debuted its first standalone London store on Sloane Street.

Chanel is currently controlled by Alain Wertheimer, 72, and his brother Gérard Wertheimer, 69. In 2018, the French fashion house elected London as the base for its global headquarters, transferring staff from New York and its native Paris. In 2019, Chanel increased profits by 16.6 per cent, totalling $3.5 billion, and announced in June that it still expects to turn a profit in 2020. 

Chanel devotees can rest assured that the Parisian mega-brand isn’t budging from Bond Street. Come into the beautiful world of Chanel.

Hermès at Galería Canalejas, Madrid

French Maison Hermès reaffirms its close and long-standing relationship with Spain. On 1 October 2020, Hermès was delighted to announce the opening of a new store in Galería Canalejas in the heart of Madrid. Set in the affluent core of the capital, the heritage-listed neoclassical building is an architectural icon now revived as a contemporary cultural hub.

Located on the ground floor, and flanked by the wide,elegant boulevards of Calle de Alcalá and Calle de Sevilla, the new 230-square-metre Hermès boutique strikes a harmonious balance between the history of the address and a new vision for retail, imbued with the house’s emblematic aesthetic language.

Come into the beautiful world of Hermès.

Neiman Marcus Exits Bankruptcy, Looks to Reimagine Business

Serving as an unexpected light in the retail crisis brought on by the Covid-19 virus pandemic, Neiman Marcus has officially come out of Chapter 11 bankruptcy. According to reports, the luxury department store has cleared a sizeable amount of debts and has brought on new owners to reimagine its business.

Neiman Marcus has officially come out of bankruptcy, a process that left the upscale department store with a lighter debt load and new owners to confront the same industry trends that led to its financial woes.

The Ares Management Corp. and Canadian Pension Plan Investment Board have now sold their stakes in Neiman Marcus Holding Company Inc. to Pacific Investment Management Co., Davidson Kempner Capital Management and Sixth Street Partners. Accompanying the change of owners is new board comprised of six members including, Pauline Brown, the former chairman of North America for LVMH Moët Hennessy Louis Vuitton SE, and Kris Miller, the former chief strategy officer at eBay.

Under new management and board, the retailer eliminated more than $4 billion USD of existing debt and now looks to combat the continuing challenges that put it into bankruptcy. The new owners have also prepared a $750 million USD exit package that will go towards refinancing a loan and bring much needed liquidity to the business.

With the financial cleanup completed, Neiman Marcus and its Bergdorf Goodman store still must deal with the pandemic’s fallout, shopper defections to online merchants and a preference among younger customers for experiences instead of objects.

The current environment for a fashion luxury retailer isn’t ideal. The company was hit particularly hard by the pandemic. The Neiman Marcus Group temporarily closed its 43 Neiman Marcus and two Bergdorf Goodman stores nationwide in compliance with guidelines set by the Centers for Disease Control and Prevention in response to the Covid-19 pandemic, although 31 locations have gradually started to reopen. The company filed for court protection in May.

The new owners “understand the value of our brands and the opportunity for growth”, said a Geoffroy van Raemdonck, the chief executive officer who kept his position during the bankruptcy process and will now lead the turnaround effort.

Some of Neiman’s creditors and retail peers couldn’t say the same. Lord & Taylor has been running going-out-of-business sales, and Stein Mart Inc. is being dismantled. Marble Ridge Capital, a creditor that peppered Neiman Marcus with objections to its debt maneuvers before and after the bankruptcy filing, is being wound down after co-founder Dan Kamensky’s tactics drew criminal charges.

“While the unprecedented business disruption caused by Covid-19 has presented many challenges, it has also given us the opportunity to reimagine our platform and improve our business”, said van Raemdonck. “We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner, and employer”.

The Neiman Marcus Group runs 43 Neiman’s stores and two Bergdorf Goodman stores, as well as an online business that includes neimanmarcus.combergdorfgoodman.com, and the Mytheresa luxury web site.

Bankrupt Neiman Marcus Officially Shuts Down

Neiman-Marcus-Visual

When Neiman Marcus opened a store in Bellevue in 2009, many locals were skeptical that a shop specializing in four-figure cocktail dresses and handbags could survive the Great Recession. But while the upscale scale retailer proved its skeptics wrong in that recession, it isn’t so lucky this time.

Neiman Marcus (Neiman Marcus Group) is the premier destination for luxury fashion and unparalleled service. For more than a century Neiman Marcus has transformed and elevated the shopping experience, becoming a leading purveyor of the world’s most unique luxury goods.

Just 16 months ago, Neiman Marcus rolled out the red carpet to debut its 188,000 sq.-ft. store at Hudson Yards mall, the ambitious retail project on the West Side of Manhattan. Now after much speculation, the bankrupt retailer has confirmed it will exit the location as part of its Chapter 11 bankruptcy restructuring.

The Neiman Marcus Group is just one of many major retailers being severely impacted by the Covid-19 virus pandamic, joining the growing list of brands filing for bankruptcy. Prior to the outbreak, there was speculation that the company, which is behind Neiman Marcus, Bergdorf Goodman, Mytheresa, Last Call, and Horchow, was the next retailer to file for bankruptcy because of its $4 billion in long-term debt. The COVID-19 pandemic has created an additional struggle for the retailer, as its stores have been closed since March.

The 113-year-old retailer follows several other fashion brands that have succumbed to the pressures of the pandemic and filed for bankruptcy over the last few months, including J. Crew, J.C. Penny, Centric Brands and True Religion, among others.

The Neiman Marcus Group temporarily closed its 43 Neiman Marcus and two Bergdorf Goodman stores nationwide in compliance with guidelines set by the Centers for Disease Control and Prevention in response to the COVID-19 pandemic. It has since reopened 31 stores for customer traffic.

Court documents indicate the retailer is closing four Neiman Marcus locations, including its recently opened 188,000 square-foot location at Hudson Yards, as well as its Bellevue, Wash., Palm Beach, Fla. And Fort Lauderdale, Fla. locations. It has also closed 17 out of 22 Last Call outlets. Sources indicate that Neiman Marcus may also close its doors in Dallas, St. Louis, Natick, Mass. and Westchester, N.Y. The company is also closing two of its distribution centers in Longview and Las Colinas, Tex.

Several factors contributed to Neiman Marcus’ bankruptcy. The COVID-19 pandemic has strained the company’s operations because of its temporary store closures nationwide. The company also furloughed roughly one-third of its 13.700 employees as a result of those closures. Neiman Marcus plans on having a reorganization plan confirmed by early September.

The Corona virus pandemic has also a big inpact on the bankruptcy proceedings. One impact of the COVID-19 pandemic on the bankruptcy proceedings is that the Neiman Marcus Group cannot liquidate the business while stores remain temporarily closed. It also may be more difficult to negotiate debtor-in-possession financing to keep the business running during the pandemic.

Partly for political reasons, and the decisions that have been made, the Covid 19 pandamic is not over yet. Its far from over, especially in some of Neiman Marcus’ ‘cities’. So lets think about the loyal 13.700+ employees in this véry difficult times.

 

 

 

 

Neiman Marcus in Bankruptcy Proceedings

Neiman-Marcus-Visual

Neiman Marcus (Neiman Marcus Group) is the premier destination for luxury fashion and unparalleled service. For more than a century Neiman Marcus has transformed and elevated the shopping experience, becoming a leading purveyor of the world’s most unique luxury goods.

The luxury retailer Neiman Marcus began its long-anticipated bankruptcy proceedings due to the Covid-19 shutdown, and ‘filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas having lined up $675 million in debtor-in-possession financing and reaching a restructuring support agreement with a majority of its lenders’,” WWD announced. The company plans to eliminate $4 billion in debt in the bankruptcy process.

Prior to COVID-19, Neiman Marcus Group was making solid progress on our journey to long-term profitable and sustainable growth. We have grown our unrivaled luxury customer base, expanded our industry-leading customer relationships, achieved higher omni-channel penetration, and made meaningful strides in our transformation to become the preeminent luxury customer platform. However, like most businesses today, we are facing unprecedented disruption caused by the COVID-19 pandemic, which has placed inexorable pressure on our business.

Geoffroy van Raemdonck, chairman and chief executive officer

The filing helps the company to lift its crushing debt load, which has been as issue that has loomed for years, but the road ahead through the COVID-19 crisis is still extremely uncertain for Neiman Marcus and the rest of retail.

After the pandemic is over, reopening stores will likely take time and resources to make sure it’s safe to shop at stores, while there are no guarantees that the costumers will come back when stores do open. Shoppers may feel hesitant from a health point of view, or they may have been negatively impacted financially, which will hurt the luxury retail segment first and foremost.

The Neiman Marcus Group runs 43 Neiman’s stores and two Bergdorf Goodman stores, as well as an online business that includes  neimanmarcus.combergdorfgoodman.com, and the Mytheresa luxury web site.

 

 

 

 

French Haute Parfumerie Henry Jacques Opens Boutique in Doha

French Maison Henry Jacques perfumes manifest the very soul of our Maison’s founder, Henry Cremona, a world traveller who drew on his childhood, wanderlust and dreams of faraway lands to feed his deep passion for fragrance. From his encounter with one of the last great noses of the old French Perfume tradition, a perfume house was born, steeped in the family’s culture, a taste for absolute refinement, and an obsession with rarity and perfection.

A family affair, a love affair… Parfums Henry Jacques embodies nearly half a century of excellence and creativity at the service of Great Perfumery.

The Maison instinctively found its place in the universe of the discerning few and, for decades, their atelier was dedicated solely to the creation of bespoke fragrances. They discreetly worked in the shadows to satisfy the wishes of their clients. Each request was a new perfume, each one creating a new memory, reawakening a lost emotion. Within the rich artistic sphere surrounding the family, the number of creations grew with every passing year.

After long and thoughtful preparation, Henry Jacques recently opened its realm to the public, through a handful of distinguished locations around the world, each custom-designed to showcase our singular collections. Now the Parisian Haute Parfumier has officially opened the doors of its boutique in Galeries Lafayette Doha at 21 High st, Katara Cultural Village. The French Maison is delighted to be able to share its passion for crafting the greatest scents and to bring to life its savoir-faire and extraordinary connections in Qatar.

The Maison brings its revered fragrances and immense savoir-faire to Qatari connoisseurs.

Henry Jacques embodies almost half a century of excellence and creativity. Born of Founder Henry Cremona’s travels, his inexhaustible passion and his wondrous encounter with one of the last great noses of the old French Perfume tradition, the Maison is one of the last family-run perfumeries. Its South of France laboratory houses thousands of scents and only the most precious and exclusive ingredients, so loved by those with a taste for absolute refinement, rarity and olfactory perfection.

The boutique houses the entire range of fragrances in a home-from-home setting. Amongst the perfumes showcased are the 50 Les Classiques, a collection of Essences that embody the Haute Parfumerie’s achievements of a lifetime and entire legacy. A new and lighter expression of Les Classiques has also just been introduced: Les Brumes. Offered in a convertible flacon, Les Brumes are designed to be splashed or sprayed and present a new way of wearing the Henry Jacques signature scents in a more casual and modern way.

Visitors will also be able to marvel the Masterpieces of the Maison: from the limited edition ‘Les Toupies’, or spinning tops, to the Renaissance Jewellery collection with its individual scents presented in gem-encrusted flacons. At the heart of the offering is the Bespoke service, whereby together with guidance from the experts, clients create their own individual scents, a ritual that is very much appreciated by those with a fine nose and part of Middle Eastern traditions that date back through history.

The unique style of the new boutique embodies Henry Jacques’ attention to detail and its visionary spirit. Designed by Christophe Tollemer, esteemed architect and Henry Jacques’ Artistic Director, the space is inspired by an 18th century French castle, gracefully blending the illustriousness of the past with modern-day elegance and charm.

The Henry Jacques Boutique in Doha is the second in the Middle East and adds to its ever-growing presence worldwide. Come into the beautiful world of Henry Jacques.