The rise and fall of big retail brands
Fashion brands have been seeking growth through mergers and acquisitions. Two weeks ago
Michael Kors agreed to buy British shoemaker to the stars Jimmy Choo for an approximate $1.2 billion, and now Canadian shoe company
Aldo will be acquiring the Camuto Group. The deal results in a new footwear powerhouse, significantly broadening the reach of both companies. More details in today's top story.
While one giant is born, another falls. Last week marked the official
closure of 159-year-old South African retailer Stuttafords. Last-minute attempts to rescue the stores in Eastgate and Sandton failed, and the 950 people (in SA, Namibia and Botswana) who were employed before the entire business rescue process began, are out of work. For South Africa, it is the end of a piece of retail history.
In more positive news,
Albany Bakeries launched its new state-of-the-art facility in Bellville last week, following a R350 million investment. The investment included an interior upgrade for the existing bakery and the building of a new plant boasting a lower carbon footprint and increased production efficiency - doubling output capacity from 6,000 loaves baked per hour to a whopping 12,000.
Ending off, global speaker and trend specialist
John Sanei recently shared his thoughts with members of the SACSC Gauteng Chapteron, on how businesses can be forever profitable, especially in the retail and shopping centre industry. Well worth a read.
Lauren Hartzenberg
Retail Editor: Bizcommunity.comComment online in our ed's column archive. Go mobile with apps and m.bizcommunity.com. Engage with us on Twitter, Facebook, LinkedIn and Google+. Subscribe to YouTube and via RSS. Send all your retail news and event invitations to retailnews@bizcommunity.com, exclusive opinion pieces to contributors-retail@bizcommunity.com and international news to internationalnews@bizcommunity.com. Read "How to contribute to Biz, from op-ed pieces to news". | |
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 | Jessica Edgson All brands eventually need to evolve as the world changes, but to different degrees and at different paces. How do you know your brand is ready? read |
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- Apple names First Technology as authorised SA reseller - more info
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Customer relationsProvox Centre for Public Relations & Communication - 24 Aug 2017 to 25 Aug 2017, Johannesburg |
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Raf Simons "I'm usually very attracted to things that I can't define. If something's too clear, it's very often not inspiring to me anymore." Leonardo da Vinci "Learning never exhausts the mind." Alexander Wang "When you focus on the consumer, the consumer responds." Carolina Herrera "Fashion has always been a repetition of ideas, but what makes it new is the way you put it together." Grace Jones "I just go with the flow, I follow the yellow brick road. I don't know where it's going to lead me, but I follow it." |
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