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Friday, 16 October 2020 12:21

Can Raf Kickstart Prada to Growth?

can raf simons kickstart Prada to growth

When designer Raf Simons was announced as the new ‘co-creative director’, working alongside Miuccia Prada, at Prada, it was welcomed as a meeting of two intellectual fashion minds. His first show, SS21, shown last week in Milan, in a digital format, was a return to Prada’s minimalist carpeted and matching curtained 1990s aesthetic. It was the most anticipated show of the new womenswear season.

Left - Prada SS21

Prada has had a growth problem in recent years, so, will this new creative impetus make a difference to a luxury group that is in danger of being left behind within the luxury segment?

The Prada S.p.A. group owns the Prada, Miu Miu, Church’s and Car Shoe brands and produces and distributes luxury leather goods, footwear and apparel, benefitting from a supply chain which includes 22 owned industrial sites. It also operates in the food sector with Marchesi 1824 and in the eyewear and fragrance industries under licensing agreements. The group employs nearly 14,000 people and its products are sold in 70 countries worldwide through 641 directly operated stores as of December 31, 2019.

Prada has been trying to inject growth in recent years by reducing wholesale and discounting, but it is trailing its rivals. For example, Prada and Gucci were once neck and neck as brands, both creatively and financially. They were the juggernaut fashion phoenixes of the 1990s. When one was name checked, the other wasn’t far behind. What changed?

In the 12 months ended Dec. 31, 2019 revenues at Prada S.p.A. totalled €3.22 billion, up +2.7% compared with €3.14 billion in the same period a year earlier. Retail sales grew +4.1% to 2.63 billion euros. This is for the entire Prada Spa group which also includes Miu Miu, Church’s and Car Shoe.

amber valletta 1997 prada glen luchfordFor the same year, 2019, Gucci revenue was €9.63 billion, revenue climbed by +13.3% on a like-for-like basis (+16.2% reported) and operating income leapt by +19.8%. The brand now accounts for over 60% of it owner Kering's revenues.

Right - Prada 1997

All of Gucci’s growth stems from 2016 when it was comparable in size to Prada in terms of revenue. Over the past 4 years, Gucci has grown its revenues to be three times that of Prada. Admittedly, Gucci has had unusually meteoric growth, but the Prada brand has been pretty much flat over these past 4 years.

While the Prada share price, listed in Hong Kong, has increased recently, it has bobbed along the 24HKD- 35HKD range over the past 5 years. Its highs were back in 2013, when the stock hit around 75HKD. During the five years over which the share price declined, Prada’s earnings per share (EPS) dropped by 18% each year. The TSR (Total Shareholder Return) gives a more comprehensive picture of the return generated by a stock. In the case of Prada, it has a TSR of -23% for the last 5 years. While the Prada share price has struggled to rise, Kering’s and LVMH’s has soared.

can raf simons kickstart Prada to growth adidas

Prada is in that predicament where it is big, but isn’t quite big enough. It’s luxurious, but not luxurious enough and, while it was once a leader, it hasn’t produced much that has stuck in recent years. It felt like Miuccia Prada had checked out, creatively, of the brand years ago. The last show by Miuccia Prada, AW20, before Simons arrived, put the signature triangular logo centre stage and was its most commercial for years.

Above -  A sign of things to come? adidas Consortium + Prada Superstar 450 Leather Sneakers - £400 from MRPORTER.COM

In a statement up to June 30th 2020, Prada CEO, Patrizio Bertelli talks of ‘growth trajectory temporarily interrupted’ due to COVID 19. He said, “The first half of 2020 saw a temporary interruption of our growth trajectory which, in a situation of progressive control of the pandemic, we are confident will gradually resume from the second half of 2020, when our store network will again be fully operational. The excellent response of local consumers after the re-openings, confirms the desirability of our products and the strong relationship with our customers, which has been further strengthened by our continued focus on digital technology. The recent positive trends in all markets, combined with our solid balance sheet and financial position, allow us to look to the future with confidence today.”

On average, 40% of Prada’s retail network was closed from February to May 2020, reaching a peak of 70% in April. Its wholesale channel was heavily reduced, following the strategic decision taken in 2019 to strictly control all distribution channels to protect brand positioning and discounting. Prada said e-commerce had delivered triple-digit sales growth during and after the global lockdowns, while retail sales were down 32% and wholesale sales were down 71%.

Prada has seen double-digit sales growth since April in Mainland China, while South Korea and Taiwan, which didn’t experience store closures, showed a consistent double-digit trend throughout the period. Thanks to the contribution of these markets, the entire Asia Pacific region reported double-digit growth in June. The rest of the world was negative. In April 2020, Prada’s Board of Directors withdrew its recommendation to pay a dividend for 2019.

Prada’s difficulties during the COVID lockdowns aren’t unusual and will have been replicated by other luxury brands, but it doesn’t help its desirability and also the inability for Raf Simons’ new show to make an impact during this difficult time. According to the Business of Fashion, just 10,000 viewers tuned into the Prada Instagram live feed of the SS21 show and, according to analytics firm Tribe Dynamics, the show’s earned media value in the first 48 hours, an industry measure of third-party social media engagement, was 59 percent lower than the Spring/Summer 2020 show a year ago.

Many people have switched off from fashion, currently, and this will not have helped Prada make a splash with Simons’ collection. His first collection received warm reviews in a season without much competition. But, his return to the pared pack 90s Prada doesn’t answer the problem of growth. One good shoe is not enough, you need hundreds, and they need to roll over many seasons like the Gucci model. Gucci’s lack of seasons and huge choice of product shows how maximalism in fashion increases venues. Looks that have more accessories than a Christmas tree are going to generate more sales. More choice is the answer for growth. It also appeals to more customers.

can raf simons kickstart Prada to growth

Prada has followed this model too, previously. Prada only really started to make money and get bigger when it moved from mink trimmed nylon to colourful striped fox fur scarves and crystal embellished dresses in the noughties. When the ‘Pradasphere’ exhibit opened in Harrods in 2014 it illustrated what really sold to the contemporary Prada customer and it wasn’t minimalism. Minimalism hasn’t really made big money for any fashion business. Less isn’t more revenue.

Unfortunately for the brand, the planned Design Museum exhibition in London, planned for 2020, has been cancelled, which would have given it a boost. Details of a new collaboration between the Design Museum and Prada will be revealed in 2021.

Simons is a good designer and an influence, but his track record at Dior and Calvin Klein shows a limited understanding of what is commercial. When commercial, as illustrated with the collab with adidas above, it verges on the repetitive and boring.

Prada CEO, Bertelli’s relationships with past designers, such as Helmut Lang and Jil Sander, once owned by the Prada Group, was turbulent and Simons won’t hang around if the going gets tough (again).

Prada was once one of the world's coolest brands, but it didn’t innovate when the likes of Michael Kors started copying its famous saffiano leather. Simons is undoubtedly cool, but will he be enough for Prada to catch up with its rivals?

Buy TheChicGeek's new book FashionWankers - HERE

Published in News
Tuesday, 29 September 2020 15:18

Can Raf Kickstart Prada to Growth?

can raf simons kickstart Prada to growth

When designer Raf Simons was announced as the new ‘co-creative director’, working alongside Miuccia Prada, at Prada, it was welcomed as a meeting of two intellectual fashion minds. His first show, SS21, shown last week in Milan, in a digital format, was a return to Prada’s minimalist carpeted and matching curtained 1990s aesthetic. It was the most anticipated show of the new womenswear season.

Left - Prada SS21

Prada has had a growth problem in recent years, so, will this new creative impetus make a difference to a luxury group that is in danger of being left behind within the luxury segment?

The Prada S.p.A. group owns the Prada, Miu Miu, Church’s and Car Shoe brands and produces and distributes luxury leather goods, footwear and apparel, benefitting from a supply chain which includes 22 owned industrial sites. It also operates in the food sector with Marchesi 1824 and in the eyewear and fragrance industries under licensing agreements. The group employs nearly 14,000 people and its products are sold in 70 countries worldwide through 641 directly operated stores as of December 31, 2019.

Prada has been trying to inject growth in recent years by reducing wholesale and discounting, but it is trailing its rivals. For example, Prada and Gucci were once neck and neck as brands, both creatively and financially. They were the juggernaut fashion phoenixes of the 1990s. When one was name checked, the other wasn’t far behind. What changed?

In the 12 months ended Dec. 31, 2019 revenues at Prada S.p.A. totalled €3.22 billion, up +2.7% compared with €3.14 billion in the same period a year earlier. Retail sales grew +4.1% to 2.63 billion euros. This is for the entire Prada Spa group which also includes Miu Miu, Church’s and Car Shoe.

amber valletta 1997 prada glen luchfordFor the same year, 2019, Gucci revenue was €9.63 billion, revenue climbed by +13.3% on a like-for-like basis (+16.2% reported) and operating income leapt by +19.8%. The brand now accounts for over 60% of it owner Kering's revenues.

Right - Prada 1997

All of Gucci’s growth stems from 2016 when it was comparable in size to Prada in terms of revenue. Over the past 4 years, Gucci has grown its revenues to be three times that of Prada. Admittedly, Gucci has had unusually meteoric growth, but the Prada brand has been pretty much flat over these past 4 years.

While the Prada share price, listed in Hong Kong, has increased recently, it has bobbed along the 24HKD- 35HKD range over the past 5 years. Its highs were back in 2013, when the stock hit around 75HKD. During the five years over which the share price declined, Prada’s earnings per share (EPS) dropped by 18% each year. The TSR (Total Shareholder Return) gives a more comprehensive picture of the return generated by a stock. In the case of Prada, it has a TSR of -23% for the last 5 years. While the Prada share price has struggled to rise, Kering’s and LVMH’s has soared.

can raf simons kickstart Prada to growth adidas

Prada is in that predicament where it is big, but isn’t quite big enough. It’s luxurious, but not luxurious enough and, while it was once a leader, it hasn’t produced much that has stuck in recent years. It felt like Miuccia Prada had checked out, creatively, of the brand years ago. The last show by Miuccia Prada, AW20, before Simons arrived, put the signature triangular logo centre stage and was its most commercial for years.

Above -  A sign of things to come? adidas Consortium + Prada Superstar 450 Leather Sneakers - £400 from MRPORTER.COM

In a statement up to June 30th 2020, Prada CEO, Patrizio Bertelli talks of ‘growth trajectory temporarily interrupted’ due to COVID 19. He said, “The first half of 2020 saw a temporary interruption of our growth trajectory which, in a situation of progressive control of the pandemic, we are confident will gradually resume from the second half of 2020, when our store network will again be fully operational. The excellent response of local consumers after the re-openings, confirms the desirability of our products and the strong relationship with our customers, which has been further strengthened by our continued focus on digital technology. The recent positive trends in all markets, combined with our solid balance sheet and financial position, allow us to look to the future with confidence today.”

On average, 40% of Prada’s retail network was closed from February to May 2020, reaching a peak of 70% in April. Its wholesale channel was heavily reduced, following the strategic decision taken in 2019 to strictly control all distribution channels to protect brand positioning and discounting. Prada said e-commerce had delivered triple-digit sales growth during and after the global lockdowns, while retail sales were down 32% and wholesale sales were down 71%.

Prada has seen double-digit sales growth since April in Mainland China, while South Korea and Taiwan, which didn’t experience store closures, showed a consistent double-digit trend throughout the period. Thanks to the contribution of these markets, the entire Asia Pacific region reported double-digit growth in June. The rest of the world was negative. In April 2020, Prada’s Board of Directors withdrew its recommendation to pay a dividend for 2019.

Prada’s difficulties during the COVID lockdowns aren’t unusual and will have been replicated by other luxury brands, but it doesn’t help its desirability and also the inability for Raf Simons’ new show to make an impact during this difficult time. According to the Business of Fashion, just 10,000 viewers tuned into the Prada Instagram live feed of the SS21 show and, according to analytics firm Tribe Dynamics, the show’s earned media value in the first 48 hours, an industry measure of third-party social media engagement, was 59 percent lower than the Spring/Summer 2020 show a year ago.

Many people have switched off from fashion, currently, and this will not have helped Prada make a splash with Simons’ collection. His first collection received warm reviews in a season without much competition. But, his return to the pared pack 90s Prada doesn’t answer the problem of growth. One good shoe is not enough, you need hundreds, and they need to roll over many seasons like the Gucci model. Gucci’s lack of seasons and huge choice of product shows how maximalism in fashion increases venues. Looks that have more accessories than a Christmas tree are going to generate more sales. More choice is the answer for growth. It also appeals to more customers.

can raf simons kickstart Prada to growth

Prada has followed this model too, previously. Prada only really started to make money and get bigger when it moved from mink trimmed nylon to colourful striped fox fur scarves and crystal embellished dresses in the noughties. When the ‘Pradasphere’ exhibit opened in Harrods in 2014 it illustrated what really sold to the contemporary Prada customer and it wasn’t minimalism. Minimalism hasn’t really made big money for any fashion business. Less isn’t more revenue.

Unfortunately for the brand, the planned Design Museum exhibition in London, planned for 2020, has been cancelled, which would have given it a boost. Details of a new collaboration between the Design Museum and Prada will be revealed in 2021.

Simons is a good designer and an influence, but his track record at Dior and Calvin Klein shows a limited understanding of what is commercial. When commercial, as illustrated with the collab with adidas above, it verges on the repetitive and boring.

Prada CEO, Bertelli’s relationships with past designers, such as Helmut Lang and Jil Sander, once owned by the Prada Group, was turbulent and Simons won’t hang around if the going gets tough (again).

Prada was once one of the world's coolest brands, but it didn’t innovate when the likes of Michael Kors started copying its famous saffiano leather. Simons is undoubtedly cool, but will he be enough for Prada to catch up with its rivals?

Buy TheChicGeek's new book FashionWankers - HERE

Published in Fashion
Tuesday, 17 March 2020 17:10

Splash or Cash? The Box Brownie Bag

Box bag trend menswear mens Nappa Dori IndiaI think Loewe’s Puzzle Bag is the main influence here. The box shape is practical and distinctive, especially worn across the body. It looks like you're carrying a Box Brownie camera, while in fact the box shape is useful for your phone charger and any other bits you want to carry.

For the cash option, I recently discovered Indian brand, Nappa Dori, stumbling across their store in Covent Garden. The Nappa Dori name literally translated means 'leather and thread’ in Urdu. Founded in 2010 in Delhi by Gautam Sinha, a NIFT (National Institute of Fashion Technology, Delhi) graduate in Fashion Design, he had an epiphany that compelled him to discard conventional fashion design and explore the world of Indian leather and artisanal craftsmanship.

Left & Right - Nappa Dori - Nordic Brick Bag - £181.10

Box bag trend menswear mens Nappa Dori India

Nappa Dori supports Harmony House, a day shelter for destitute children in India that provides free food, shelter, clothing, education and medical care to the under privileged. As well as the flagship store in London, they are seven stores in India spread across Delhi, Gurgaon & Bombay.

While for the cash option, designer, Eudon Choi, has this square bag with a similar handle to the Puzzle in this handsome green colour.

BUY TheChicGeek's new book - FASHIONWANKERS - HERE 

Below - Eudon Choi - Cardena Dark Green Leather Box Bag - £385 from Harvey Nichols 

Box bag trend menswear mens Eudon Choi

Box bag trend menswear mens Eudon Choi

Published in Fashion
Friday, 06 September 2019 11:00

Label To Know GROUNDTRUTH

Groundtruth recycled bags menswear label to knowGROUNDTRUTH is a new premium bag brand made from a bespoke PET fabric which was developed using post-consumer plastic extracted from the environment. Even the thread is recycled.

Left - RIKR RANGE 24L BACKPACK - £ 256

GROUNDTRUTH was founded by Sophia, Georgia and Nina Scott, three sisters who have experienced a lifetime of intercontinental, and sometimes extreme, travel. Together, Georgia and Sophia have spent over a decade working and living in communities around the world while filming documentaries for their company, Groundtruth Productions, while Nina has spent her career in product development and artisan textiles, pioneering sustainable products and innovative fabrics. 

In addition to reducing plastic pollution, GROUNDTRUTH prioritises ethical production methods by partnering with manufacturers who are approved by bluesignâ, an organisation which provides safer and more sustainable working conditions to change the environmental impact of the textile and fashion industries. 

Groundtruth recycled bags menswear label to know Scott sisters

The brand’s first range is called ‘RIKR’, with a backpack being the hero product. Made from 120 plastic bottles, it provides the reliability any traveller might need without sacrificing the wellbeing of the environment for its production. It is 100% recycled.

Right - Founders, Sophia, Georgia and Nina Scott

To celebrate their launch there is a pop-up shop at Protein Studios, Shoreditch until Wednesday 11th September. 

TheChicGeek says, "I'm banning the word 'sustainable' until further notice, but this bag is really making advances by being 100% recycled. I do wonder what we're going to do when we run out of plastic bottles?! The reason the bag is black is because this is the easiest colour with the least processes, and there has been a lot of thought and care gone into this new brand and product."

 

Published in Labels To Know

Is vegan fashion good for the environmentVeganism has caught the public’s attention. The combination of environmental and health benefits has made huge numbers of people switch to a plant based diet. According to The Vegan Society, the number of vegans in Great Britain quadrupled between 2014 and 2018. Today, there are 600,000 vegans in Great Britain, or 1.16% of the population; 276,000 (0.46%) in 2016; and 150,000 (0.25%) in 2014 and this growth doesn’t show any signs of slowing. 

Left - Watson & Wolfe - Vegan leather - Slim Credit Card Case - £30, Wallet With Coin Pocket - £65

It’s not just vegans who are buying into this growing market. Many people are cutting down their meat consumption and opting for meals without animal products. It’s cool to buy ‘vegan’, right now, whether you are one or not.

The vegan trend has continued into beauty with 82% of all new vegan items launched in the UK last year belonging to the beauty category. And, now, it’s the turn of the fashion business. Brands are seeing pound signs from consumers wanting a complete vegan lifestyle, or an alternative to products using animal skins or products. The anti-fur/exotic skins movement has seen many brands drop ranges from their collections and replace them with items labelled as vegan.

While the reduction in carbon emissions and environmental benefits is clear by switching from meat to plant-based food, is switching from leather to non-leather substitutes, usual plastics, that beneficial? Isn’t vegan fashion just more plastic in the world?

Helen Farr-Leander, Founder, Watson & Wolfe, www.watsonwolfe.com a new vegan, PETA approved British men’s accessorises business, says, “For me, vegan fashion encourages us to think about our future and our responsibility – being sustainable and environmentally-friendly and cruelty free.”

“Our intention was originally to work in the leather industry, which is where our experience lies, but our research into starting the business uncovered some facts that we didn’t like and we realised the true cost of the industry. The level of cruelty I witnessed and the impact on the planet of industrial farming for leather and the pollution from the chemical processes of tanning led me to transition to veganism and this was the turning point.” she says. 

Is vegan fashion good for the environment goat leather billey tanneryWatson & Wolfe’s ‘eco-leather’ is a giant stride towards fully sustainable leather. Rather than being 100% polyurethane, the base material is made with more than 50% bio plant material, that does not divert resources necessary for food farms or animal feed. This bio content comes entirely from renewable sources and is carbon neutral, so the production of the material has a substantially lower impact on the environment. The recycled linings are made from 100% post-consumer plastic bottles which are recycled into a PET yarn and the gift boxes and tissue papers are also made from high quality recycled materials which are biodegradable and recyclable.

Right - Billy Tannery 'Gote'' Tote - £395

“In the case of the leather industry, projections indicate that the industry will need to supply 430 million cows annually by 2025, a staggering statistic that is at odds with the 360% rise in vegetarianism and veganism over the past decade. We are focused on providing a more responsible, environmentally friendly product and we continue to seek material which avoids the use of animal-based components and that continually improves the sustainability of our collection.” says Farr-Leander. “This is not the case with all vegan fashion, and consumers should always do their research before buying anything.” she says.

The V&A’s exhibition ‘Fashioned From Nature’, last year, featured materials such as ‘Vegea’ which uses grape waste from the wine industry to form a leather-substitute, as well as a Ferragamo piece made from ‘Orange Fiber’ derived from waste from the Italian citrus industry. There is leather also made from apple skins used by new ‘sustainable’ designer labels such as Zilver. 

These materials are often more expensive than traditional leather and aren’t available in the quantities many brands desire. For the ethical cynics, there are some brands labelling plastic as vegan to jump on the ethical band wagon. Some consumers are also skeptical about these new leathers being as durable and tough as traditional leathers, especially for things like bags and shoes.

Is vegan fashion good for the environmentJack Millington, Co-Founder of Billy Tannery, a new British tannery using goat leather from the food industry, says, “There are lots of so-called vegan alternatives to leather, but the vast majority are plastic products like PVC or PU which are being re-labeled as vegan. If we are comparing plastic with artisan leather created from a by-product, then I don't think there can be any confusion as to which is better for the environment. Even with recycled plastic materials, there needs to be more research done into the micro-plastics that these materials could be emitting.”

“There are a few plant fibre materials that are also touted as "vegan leather", but in our experience these are more similar to cardboard in performance than leather, so end up being coated in a layer of plastic anyway.” says Millington.

Left - Billy Tannery founders Jack Millington and Rory Hawker

Billy Tannery's goat leather is produced using goatskins sourced from the British food industry that were previously going to waste. Before they started nearly all of these goatskins were being destroyed, so they take this waste product and turn it into a functional material in their own micro-tannery in the Midlands, between Leicester and Northampton. Their signature ‘Gote’ tote bag is £395 and is made in Somerset or Leicestershire.

“We believe that ours is one of the most environmentally friendly leathers available today. Our unique tanning process not only uses bark extracts instead of the usual metal salts, but it recycles 90% of the water used and turns much of the waste into compost.  Also, when compared to most industrially tanned leather which circles the globe to be tanned as cheaply as possible, our supply chain is kept in the UK which drastically reduces the "leather miles" and in turn the carbon footprint.” he says.

Like all environmental labelling, it’s good to read behind the lines. Just because something is ‘organic’, it doesn’t mean it hasn’t been flown halfway around the world and just because something is labelled ‘vegan’, it doesn’t mean it’s any better for the environment. It’s important for consumers to ask questions, do their research and buy from brands taking us in the right direction with or without animal products. 

Read more ChicGeek expert comments - here

Published in Fashion
Wednesday, 19 September 2018 13:25

ChicGeek Comment Handbags At Brawn?

Men carry handbags trend menswear Dior Saddle Bag SS19It could be part of the new push for a genderless society or simply the boundaries being widened for what is, or feels, acceptable for men to wear or carry, but it feels right and looks right for men to carry handbags, right now. This isn’t about making a statement or being provocative, it’s about design, rather than gender and size, that is dictating what a stylish man carries.

Left - The Dior Saddle bag reborn on Kim Jones' first catwalk for Dior Homme

There are certain styles that are simply great pieces of design or are fashion classics and look just as good on a man’s shoulder as on a woman’s. This isn’t about ‘feminising’ men, it’s just something of beauty that is practical in carrying what needs to be carried. Enough said.

What started with Loewe’s ultra-chic ‘Puzzle’ bag has ballooned to include many other classic women’s styles. It was the reintroduction of the Dior ‘Saddle’ bag on Kim Jones’ SS19 catwalk, at his new gig at Dior Homme, in Paris in June, that cemented this new feeling. The #DiorSaddle hashtag featured male influencers reintroducing this style designed by the former Dior Creative Director, John Galliano.

Men carry handbags trend menswear Dior Saddle Bag SS19 Prince Pelayo

Luke Ross, blogger at Fashion Samaritan, says, “I noticed a real change around 2012 when Hedi Slimanne debuted his first Saint Laurent collection that featured his signature slim cuts that really made pockets obsolete. 

“Guys wanted to wear these skinny silhouettes, but the garments just didn’t have sufficient pockets” he says. “You couldn’t carry a wallet, keys, phone etc in them as it ruined the lines and for the first time we started to see men carrying bags with them that weren’t just backpacks.”

Right - Spanish influencer, Prince Pelayo

We have so much more to carry today: wallet, phone, keys, charger, water bottle, notebook, that unless you have a coat with huge pockets, a bag is an indispensable accessory for men. Men want the elegance a bag can give their total look, rather than numerous bulging pockets which can make you look dishevelled and untidy.

Alvin Cher of Bagaholicboy, the dedicated blog for bags, fashion and luxury based in Singapore, says, “I think it was just a matter of time before men got more and more confident and realised they were not restricted to just bags made for them. And if the ladies can dip into what was offered for the guys, the guys can do the same too.

“Boys actually loved the Boy Chanel when it first came out. And started buying. Then slowly, but surely, more and more brands came in.” he says. “Remember Tisci's Givenchy when they had the Pandora? That was a hit too. Even Mulberry's Alexa was deemed 'boyish' enough by some guys to use. After that the gates opened, Dior did it, so did Gucci, Loewe. Even Celine has fans amongst the men, remember the Cabas that everyone wanted?” says Cher.

Men carry handbags trend menswear Loewe puzzle bag“I think everyone played a part by releasing a piece that helped the evolution - Ghesquiére released those 'Arena' leather document cases at Balenciaga that every guy in fashion had and they kind of trickled down as more and more people were carrying ipads and laptops so they could be justified as practical even if they weren’t for the everyday man.” says Ross. “For me, Loewe really moved things along by making it cool to have a bag that was a replica of a female bag with the Puzzle. It’s large enough to look like a duffle bag, but then also can be small enough to look like a camera bag.”

This new trend has been pioneered by men’s celebrities, bloggers, influencers and street style images, all making the look believable and cool: men seeing other men carrying these types of bags, making it feel contemporary and fresh.

Navaz Batliwalla, founder of disneyrollergirl.net and author of The New Garconne: How to be a Modern Gentlewoman, and champion of androgyny in womenswear says, “With the influence of streetwear on men’s luxury, men's style icons like A$AP Rocky and any Korean boy band member you care to mention, have long embraced their fashion-forward side, so increasingly, the idea of carrying a bag that’s more exciting than a briefcase or a Uniqlo backpack is no biggie.” she says. “Plus, the fact is that everyone is simply carrying more stuff. Why let your outfit down with a sad generic gym bag, when you can have something that’s as considered and design conscious as the rest of your outfit?”

Left - Luke Ross, Blogger, Fashion Samaritan 

The term ‘manbag’ was from the age of the ‘Metrosexual’ and feels just as dated. Who can forget that episode of Friends when Joey becomes too attached to his new shoulder bag, and the ribbing he took from his friends. Looking back, it was huge.

“I think the rise of the reusable tote also fuelled this fire as it became normal for a guy to carry a tote without it looking like a ‘manbag’.” says Ross.

Men don’t need the labels anymore: manbag, mutch - male clutch - or whatever else adds a masculine moniker to a name. I think brands will start to offer more gender neutral shopping areas and put more styles into the men’s shopping areas and advertsiing. This is a market growing into another and actually the true meaning of ‘unisex’.

So, what should us guys be looking for?

Men carry handbags trend menswear Loewe puzzle bag

“I'm all for a guy carrying a bag made for ladies, but it still boils down to my proportion ratio. You have to try it on and see if it looks correct visually.” says Cher. “I think the time has gone when it comes to specifying which bag suits which gender. More and more brands are coming out with versions that look exactly the same for both guys and girls, so it is all about trying them on, seeing what works and having fun. It is a bag after all at the end of the day, we don't have to be so so serious about it.” says Cher.

Right - Blogger - The Modman with the Loewe Puzzle bag

“I think it’s about being authentic and genuine to your attire and aesthetic.” says Ross “Don’t do a tailored suit and then wear some flimsy nylon, touristy looking money bag.” he says. “Lastly, buy the bag for what you want it to do not the label. I’ve bought bags in the past that I wanted because they were cool, but they actually couldn’t take that much weight in them before the leather started to warp leaving them at the back of my closet and mind.”

The opinion formers in menswear have been carry women’s styles of bags for a while now, but with the new Dior grey Saddle bag set to hit stores in February, I think we’ll see a huge expansion of men carrying styles that were traditionally seen as women’s.

“Men have evolved, which is what fashion is all about anyway.” says Cher. 

Male handbags were a major trend on the Milan AW18 catwalks - See more here

Published in Fashion
Monday, 19 February 2018 13:26

Trend Carpet Bags

Accessory trend carpet bags

Patterned carpet is in the DNA of the British. We’re obsessed with patterns, textures and, ultimately, staying warm! Our Victorian forebears instilled in us a love of Axminster, and, with the second Mary Poppins - Mary Poppins Returns - about to appear on our cinema screens, it feels like the carpet bag is ripe for a comeback.

Left - Made Of Carpet - Voyager Elite - Polaris Red - £169.95

Men's accessory trend carpet bags

This is an accessory from Arthur Liberty’s time. It’s an item that suits country houses, wood panelling and aspidistras in Art Nouveau planters. They have a richness that celebrates exotic designs while feeling steadfastly domestic.

Right - Made Of Carpet - Sac Voyage - Vintage Navy - £259.95

If you want to get in on the trend early, Made Of Carpet specialise in carpet bags. Based in London, but made in the European Union, they use plush, silky carpets to construct their bags. The tote is ideal as an everyday bag, while the doctor’s style is perfect for weekends away.

Just make like Mary, and fly away!

Below - Mary being magical with her carpet bag

Want to look like a party Dick Van Dyke? Here

Mary Poppins Returns Accessory trend carpet bags

Published in Fashion
Tuesday, 09 May 2017 21:37

TheChicGeek Meets Michael Saiger of Miansai

Miansai Michael Saiger interview The Chic GeekIf you’re not overly familiar with the name ‘Miansai’, you’ve probably seen one of their most famous designs without knowing it. A coloured nautical cord bracelet with a metallic fish hook or anchor detailing was, a few years ago, as ubiquitous as Stan Smiths and skinny jeans.

It was one of the few jewellery designs and brands that managed to cut through to the mainstream while still being desirable for guys to wear on their wrists. It was a sweet spot of pricing and branding that made it something that wasn’t throwaway, yet was affordable enough to be worn carefree.

Left - Michael Saiger Founder & Creative Director of Miansai, TheChicGeek wears Harrington Jacket - Grenfell, Cardigan - Pretty Green X John Smedley, T-Shirt - Vintage Helmut Lang, Tracksuit Trousers - adidas from ASOS, Trainers - Diadora Made in Italy

I caught up with the founder, Michael Saiger, in London, to find out how he achieved something that is so difficult, today, and see what’s next for Miansai:

Originally from New York, Michael Andrew Saiger - it’s the MI-AN-SAI of his name that gives the brand its name, “All the domains were taken until I circled these parts of my name. Everybody thought it was asian, but it’s not”, he says, is dressed in a simple sweater and chinos and surrounded by the salon style hanging of the Berners Tavern restaurant.

Michael’s attention to detail can be seen by his perfectly manicured beard and not a hair out of place on his head. “I put my handprint on everything I do. I’m OCD, I’m obsessive”, he says.

How did he get started and where did his eye come from? “My mum has an antique store, she’s an interior decorator and I grew up around estate sales my whole life. So, then when I went to the University of Miami and I started making some bracelets. This was 2007,” says Michael.

“I was looking for a bracelet and there was nothing out there. So, I started making bracelets for myself and then I would take these World War II pendants and medallions that I would find at estate sales and make them into necklaces. All my friends really loved it and wanted them. 

Miansai fish hook anchor bracelet menswear classic“I took them to the concept store, Base, in Miami. They were like, ‘oh yeah, we love this stuff’. This was right before I went on holiday for the summer, and when I went back after, they said they’d sold out in like a week or two,”

Right - This bracelet design has done the difficult thing of being common while still looking fresh and has become something of a men's classic - Miansai - Anchor Cord Silver-Plated Wrap Bracelet - £55 from MRPORTER

The company started officially in 2008 and, then, the product that catapulted Miansai onto the wrists of men worldwide was born. “I took all that money and bought various machines, equipment, everything, so, then me and one of my best friends had a 300 sq ft work studio and we started making everything and selling to some of the best boutiques around the US.

“After that and I graduated - the degree was in marketing - we were bursting out, so we found a 10,000 sq ft warehouse, and built it out and set up our whole manufacturing operation. Then, I started taking our nautical rope and, at the time, nobody used nautical rope for anything unless you went to a summer camp and had a little tie-on bracelet.

“We launched in 2009, in Barney’s & Bergdorf’s ,and then GQ featured one of our rope bracelets. I started using the rope in 2008, but the hook and anchor came in 2009. I didn't want to launch it until I knew I had manufacturing, as I knew it would be very popular. I didn't want to come out with a product and not be able to deliver it.

leather bag Miansai rucksack The chic geek Michael Saiger“We were the first to do anything like this with price points between $55 to $500. It had to be for a 15 year old, it had to be for a 70 year old, it had to be for a 20 year old: anyone and everyone.

Asked how many he thinks he’s sold of his signature product, we quickly discredit the hundreds of thousands and move into the millions. Next came his own retail outlets. “In 2012, we started a mobile retail unit, an old vintage airstream. In 2013, we opened a store in New York, Soho, and we've just opened another store in Venice Beach in LA".

Michael understands the future of retail and that traditional bricks and mortar US retail is suffering. “Retailers are hurting, especially in the US, with everybody shopping online. We have our food delivered, we, literally, don't got to the store, at all. The industry is changing”.

How do you see your stores then? “It’s more about experiential retail. I built our two stores to be galleries. I didn’t want jewellery fixtures, I designed furniture to house jewellery. It feels like a furniture store inside. That’s the future of retail,”.

Left - Miansai - Harbour Rucksack Tobacco Leather - £506.35 This was the bag Michael was carrying in London. He says the bags are made in the same factories as Prada, using the same leather as Louis Vuitton

He cites Aesop as a brand he admires. He’s coy about naming anybody that touches on his accessorises world, but he’s clearly an admire of good design. 

He knows that he needs to go to where the consumers are, so he’s launching 5 more mobile units of classically restored Airstreams, Piaggio's and a Fiat at various locations such as JFK, LAX, Soho House Malibu and Newport, Rhode Island. He says it’s all about, “High traffic in an authentic way without selling out,”.

The brand has just expanded into leather bags and fine jewellery. “We launched leather bags: Italian leather, all cut and sewn in Turkey. We use some of the same factories as Prada and the some of the same leather as Louis Vuitton. I always collected bags from my estate sale days and knew what I wanted in a bag”.

Miansai fine jewellery gold

As for the fine jewellery. It’s not currently available in the UK, but how does that fit in? “It’s marketed to women, but anyone can wear it,” he says, “For first 5 year’s of the brand, I never said whether it was men’s or women’s,". Is it made by your? "We do make some of the solid gold jewellery ourselves and some of the fine jewellery with the Pavé diamonds, we also work with a very high end factory in Thailand”.

Right - Arduin Cuff Bracelet, 14K Gold/Pave - £2978.54

What advice can he give to men with regards to wearing jewellery? “Keep it simple. Keep it to two pieces, unless you have a thin bracelet. For me, personally, I never wear more that two bracelets and a watch”.

So, what’s next for Miansai? “I definitely want to stay in the accessories realm, I don't want to go into ready-to-wear. We have a very good niche and I’d like to stay there”. 

Michael currently has 55 employees, he doesn’t disclose his turnover, but if he’s shifting £60 bracelets by the million, then it’s going to be pretty high. He obviously knows his market and exactly how to expose his brand without it feeling like it is everywear, devaluing it and worst of all, millennials I'm looking at you here, boredom kicks in.

To sell millions of the same bracelet yet retain its desirability is a skill many retailers or brands would love to know. I don’t think it’ll be long before we see a converted vintage van - how about a Morris Traveller? That’s very British - at Wilderness or one of those more monied festivals emblazoned with ‘Miansai’ on the side.

 

Published in The Fashion Archives
Monday, 16 January 2017 16:08

Hot List The Super Holdall

Troubadour holdall black duffle bagThis bag is the bomb. Actually, Troubadour should call this the ‘Bomb’, as it hasn't got a name.

British accessories brand, Troubadour, produce some great luggage and accessories and has, over the last few years, been growing their range and developing and enhancing their products.

I’ve been watching their progress and they know exactly what their stylish customers want: capacity, functionality, quality and understated branding.

If this was a ‘designer’ bag it would easily have a 1 in front of the number. It’s a giant holdall slash rucksack that could easily hold a week's holiday or trip. Stitch-free straps are injected with technical rubber for comfort and an external side pocket, top flap and internal mesh side pockets complete the design. The fabric body is strengthened by the crossing over leather straps while keeping the weight down.

You’ll look like a chic Action Man and carrying it will be the most stylish workout you’ve ever had. Now, squat!

Left & Below - Troubadour - Fabric + Leather Duffle - £895

Black holdall The Chic Geek

Published in The Fashion Archives
Tuesday, 29 November 2016 13:43

Label To Know M. R. K. T.

M R K T Bags Vegan Veggie Tom PenJust as everybody seems to be turning veggie or vegan, so too are our accessorises. M.R.K.T. - Mad Rabbit Kicking Tiger - is a Los Angeles-based accessories label established in 2010 by Harvard-trained architect, Tom Pen. 

The designs are inspired by modern architecture and produced in materials which are carefully selected with structure, texture, and durability in mind. All of the materials are socially conscious and vegan friendly and feature vegan leather, felt and micro suede. 

TheChicGeek featured one in this OOTD - here

Left - Are you a Mad Rabbit or a Kicking Tiger? Carter Backpack

Published in Labels To Know
Page 1 of 2

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