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With Youngor, Bonpoint aims for acceleration in Asia

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With Youngor, Bonpoint aims for acceleration in Asia


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September 10, 2025

On January 8, Bonpoint changed hands. After seventeen years with the family-owned EPI group, the high-end children’s fashion house joined the portfolio of Chinese giant Youngor. This is the first 100% acquisition in the luxury goods sector for the Shanghai-listed group, which until now has been better known for its textile activities and minority holdings in fashion, such as Alexander Wang, or licenses such as Helly Hansen.

Bonpoint perfume – DR


“Unlike an investment fund, Youngor is a family business with a long-term vision,” emphasized Bonpoint chairman, Pierre-André Cauche. “Their ambition is to make the brand shine even brighter, without touching its fundamentals or know-how. On the other hand, we can expect an acceleration in China.”

Already present in China via some thirty points of sale, Bonpoint has opened three new stores there since its takeover, including a space devoted exclusively to cosmetics; a concept unique to the Chinese market. In the Middle Kingdom, where the brand now benefits from the local expertise of its new owner to strengthen its foothold, Bonpoint is positioned in the very luxury segment, with its stores flourishing alongside the likes of Dior and Loro Piana.

In addition to its future development in Asia, cosmetics are an essential pillar of growth for the brand: they now account for around 30% of its 150 million euros in sales. In Asia, Bonpoint’s customers are particularly attracted by skincare products, while in Europe, perfumes are the main focus.

Today, Bonpoint generates over 80% of its sales from exports. In addition to its 130 points of sale and corners around the world, the brand relies on some thirty wholesale partners. With growth judged “steady” by its president, Bonpoint confirms its appeal in a demanding market.

And as the brand celebrates its 50th anniversary this year, it is preparing to revive one of its most symbolic rituals: the fashion show. Scheduled for October 4 in its historic Paris boutique on Rue de Tournon, it will mark the first presentation since 2019 and will be the occasion for the unveiling of a brand-new capsule, a sign of a future focused on creativity and innovation.

For Youngor, with sales of 1.7 billion euros, this acquisition marks a strategic step: to further anchor its presence in international luxury. For Bonpoint, it’s the promise of new momentum, with China as a major springboard, but always in keeping with its DNA.

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US manufacturing employment down 78,000 YoY in Aug 2025

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US manufacturing employment down 78,000 YoY in Aug 2025



Total US non-farm payroll employment changed little in August (plus 22,000) month on month (MoM) and has shown little change since April, according to the Bureau of Labor Statistics (BLS).

Manufacturing employment changed little in August (minus 12,000 MoM), but was down by 78,000 over the year.

Total US non-farm payroll employment changed little in August (plus 22,000) month on month (MoM) and has shown little change since April.
Manufacturing employment changed little in August (minus 12,000 MoM), but was down by 78,000 over the year.
Both the unemployment rate, at 4.3 per cent, and the number of unemployed people, at 7.4 million, also changed little in the month MoM as well as YoY.

Both the unemployment rate, at 4.3 per cent, and the number of unemployed people, at 7.4 million, also changed little in the month MoM. These indicators also changed little over the year as well.

In August, the long-term unemployed accounted for 25.7 per cent of all unemployed people in the United States.

The labour force participation rate in the month changed little at 62.3 per cent, and the employment-to-population ratio was unchanged at 59.6 per cent. Both measures have declined by 0.4 percentage point over the year.

Fibre2Fashion News Desk (DS)



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The homecoming: “House of H&M” unveils a new chapter on Shanghai’s Huaihai Road

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The homecoming: “House of H&M” unveils a new chapter on Shanghai’s Huaihai Road


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September 10, 2025

In a significant return that feels both like a homecoming and a rebirth, H&M is set to officially reopen its flagship store at its original location on Shanghai’s Huaihai Road. On Sept. 9, 2025, this re-engagement with a landmark site, which originally housed the brand’s first mainland China store, is more than a simple relocation.

“House of H&M” is a space featuring an H&M&Café, an H&M Flower Shop, an H&M&SPACE for exhibitions, and an H&M Live-Streaming Studio. – Credit: H&M

As H&M’s first brand experience center, the “House of H&M” redefines the boundaries of a traditional store with a 3,000-square-meter retail space. Beyond offering a full product lineup, the new location will feature a variety of unique elements, including an H&M&Café, an H&M Flower Shop, an H&M&SPACE for exhibitions, and an H&M Live-Streaming Studio. This immersive and surprising space is designed to provide consumers with a comprehensive and distinctive brand experience.

Madame LV, president of the Huaihai Road Economic Development Association, spoke highly of the grand opening of the “House of H&M.” She noted that H&M’s contribution helps align with local consumer behaviors and drives the economic upgrade of the commercial district, while simultaneously building an elegant and fashionable retail destination.

She also added, “Through collaborating with Chinese designers and launching new collections, H&M is driving a deeper co-creation between international brands and local talent. This positions Huaihai Road as a key nexus where global trends and local creativity converge. Moreover, H&M’s focus on sustainable fashion aligns with Huaihai Road’s goal of building a responsible and forward-thinking commercial image. Together, they are enhancing the district’s industry influence in innovation and sustainable development.”

It’s also worth noting that this location will serve as the new home for H&M’s Greater China retail headquarters, with its offices situated on the upper floors of the store. Standing inside the brand’s new “home,” FashionNetwork.com had another opportunity to speak with Mr. Saed El-Achkar, president of the group’s Greater China retail division, to gain more insights into this grand event.

Mr. Saed El-Achkar, president of H&M Group’s Greater China retail division
Mr. Saed El-Achkar, president of H&M Group’s Greater China retail division – DR

FashionNetwork.com: As offline stores evolve into lifestyle spaces, functions imply value trade-offs. What debates led to “House of H&M’s” mix of HOME/Café/Flower Shop/Exhibitions/Live-Streaming Studio?

Saed El-Achkar: This key highlight is China’s first H&M HOME concept store, which fills a market gap and represents a new retail exploration for the brand in China. It’s a key part of redefining the H&M lifestyle ecosystem. The H&M&Café and H&M Flower Shop are designed to enhance the consumer experience. The H&M&SPACE exhibition area serves as a cultural hub for the brand. The in-store H&M Live-Streaming Studio will be operated via a newly launched “House of H&M” account on Douyin. The studio will also invite celebrities, KOLs, designers, and models to discuss trends during major brand events, making it a hub that connects fashion, entertainment, and commerce.

FN: Please introduce us to the unique H&M&SPACE and outline its future plans.

SEA: As H&M’s first publicly accessible exhibition space globally, the H&M&SPACE will not only showcase the brand’s classic designs and new collections but also serve as a hub for cross-industry collaborations with fashion partners. This space is designed to highlight H&M’s heritage and breakthroughs in its fashion journey.

For our grand opening, the H&M&SPACE will debut a curated collection of H&M Studio archival pieces from recent years. This selection features runway highlights and limited-edition designs, each piece sourced from the brand’s valuable archives. It offers a glimpse into H&M Studio’s signature trajectory of experimentation in tailoring, material innovation, and stylistic breakthroughs — all imbued with a sense of time-tested quality and design edge.

And more than just an exhibition space, the H&M&SPACE is a new platform for us to engage with fashion lovers. While exploring classic fashion archives, consumers will also discover H&M’s continuously evolving fashion vision and innovative expression.

FN: With “House of H&M” reopening on its original Huaihai Road site, if Shanghai were a “co-creator,” what has the district taught H&M about commerce and urban lifestyle over the years?

SEA: H&M entered the Chinese retail market nearly two decades ago, with its journey beginning in 2007 with the opening of its first store on Shanghai’s Huaihai Road. The energy and potential of Shanghai’s consumer market inspired us to build our Huaihai Road store into our most iconic flagship in China, showcasing the brand’s latest image with higher-quality products and an elevated experience.

Specifically, Shanghai offers H&M a unique consumer market. The city is renowned for its high purchasing power and strong preference for stylish, high-quality products that are also affordably priced. This aligns perfectly with H&M’s business philosophy, enabling us to provide Shanghai consumers with products that offer both great style and great value.

Additionally, Shanghai holds significant strategic importance for H&M’s brand image and market expansion. As a major fashion hub in Asia, Shanghai is fertile ground for new trends. These initiatives have helped H&M stay attuned to local fashion trends, enhancing its brand image as a forward-thinking and culturally relevant retailer.

FN: If you bring the “House of H&M” concept to other cities, which single “soul element” must remain?

SEA: “Making fashion accessible to everyone” is H&M’s core philosophy and the guiding principle behind the “House of H&M.” As China is a crucial strategic market for us, our goal is to create a world of high-quality, affordable fashion for Chinese consumers, empowering them to express themselves through style. We will continue to build on this goal in the future by focusing on product excellence, elevating brand power, and improving our customer experience.

Written by Sissi Chu

Copyright © 2025 FashionNetwork.com All rights reserved.



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Vietnam’s textile & garment exports grow 8.5% in Jan-Aug 2025

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Vietnam’s textile & garment exports grow 8.5% in Jan-Aug 2025



In the first eight months of ****, Vietnam’s yarn exports fell *.* per cent YoY to $*,***.*** million. However, in volume terms, yarn exports rose *.* per cent, with the country shipping *,***,*** tons during the same period.

On a month-on-month basis, textile and garment exports declined *.* per cent to $*.*** billion in August **** compared to July. Yarn exports in August increased *.* per cent in value and *.* per cent in volume, with ***,*** tons shipped worth $***.*** million.



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