Grindr will launch a fashion line – GQ.com
Grindr is launching a fashion line
Highsnobiety | written by Jack boyer
“Men usually log on to Grindr for one thing and one thing only: fun, sexy times with other men. The dating app has cornered the market in virtual male sexual encounters, supplanting the often dangerous world of cruising into a safe, sociable digital space. But lately the app has been moving into new territory, including selling premium tickets to Madonna concerts. But its newest foray is its most ambitious yet: a full-blown fashion line.
Comprised of 29 separate pieces, Grindrâs debut fashion collection is titled ‘The Varsity Collection.’ This locker-room-like influence is clearly felt across the array of tight-fitting sportswear, wrought in flashy shades of primary colors. The line is grounded by high-cut shorts, tank-tops, T-shirts and swimming trunks, with the intricate print created in collaboration with design studio Print All Over Me. All sales of the clothing will go towards Athlete Ally, a charity benefitting LGBTQ athletes.
As cheeky as the fashion line is, this should not come as an immense surprise, as Grindr has spent the past year moving closer and closer towards the world of fashion. Earlier this year, fashion maverick J.W.Anderson chose to stream his personal labelâs FW16 runway show exclusively on the app before releasing it to the rest of the world, which must have made a nice surprise for the men online trying to get laid.” (continued…)
Burberry and Kering best positioned to tap South Korea
Business Of Fashion | written by Limei Hoang
“South Koreaâs large domestic luxury market, steady influx of Chinese tourists and strong department store distribution model represents a unique opportunity for global luxury brands, according to new research by Exane BNP Paribas.
Interest in South Korea has grown substantially over the past decade, driven, in part, by the countryâs unique melding of fashion, music, entertainment and celebrity. Indeed, only last month luxury goods giant LVMH bought a minority stake in Clio Cosmetics in a deal valuing the South Korean cosmetics maker at $700 million. In 2014, the private equity arm of the French luxury conglomerate, L Capital, also invested around $80 million in YG Entertainment Inc, which manages Korean âidolâ musicians like Taeyang and G-Dragon.” (contunued…)
Gap appoints Hasbro CEO Brian Goldner to board
Retail Gazette | written by ben Stevens
“Amid an extensive drop in sales, Gap have announced the appointment of Brian Goldner to the board of directors.
In a bid to turn around their falling sales figures, the fashion retailer has brought in CEO of Hasbro. Goldner is credited with transforming Hasbroâs reputation and sales figures, as well as reinventing the companyâs digital strategy including marketing and ecommerce.
Gap has reported a loss in revenue and profit for five consecutive quarters, and is planning to close around 75 stores in an attempt to save Â£356 million a year.
Goldner will be expected to introduce similar strategies in the hopes of speeding up Gapâs sales turnaround. It has forecasted lower second quarter sales, but have projected profits above analystsâ estimates following his appointment.” (continued…)