Clothes, Fashion accessories, Jewelry
The up-coming edition of the international fine, fashion jewellery and watches show will be held from 4th to 7th September at Pavilion 5 of the Porte de Versailles exhibition centre in Paris, in synergy with the Whos Next show, back again in September. Bijorhca is set to welcome nearly 550 brands, of which about one hundred are new exhibitors. As always the show comprises four exhibition areas: Elements, for jewellery suppliers, Cream, for the edgier labels, fashion jewellery, which brings together 280 brands and which, for the first time, will feature a Precious Village, reserved to silver and vermeil 4 m² booths, and fine jewellery (30% of exhibitors), occupying the very first section of the show, on the first floor. The watches area grows, numbering about a dozen brands, highlighted by the return of Ice Watch, featuring a 54 m² booth.
The trend areas, stage-designed by Elizabeth Leriche and featuring Trends for fashion jewellery and Precious Gallery for fine jewellery, will be as ever the visitors main stops.
Bijorhca will once more present a series of talks centred around themes such as how to generate well-being inside the shop. Also notable is the presence for the first time of an anti-counterfeit office, offering advice and orientation on the subject of intellectual property rights.
In France, in 2014, the jewellery and watches market amounted to €5.1 billion. The figure represents a slight decrease, -1%, while the number of retail outlets too has decreased, from 6,600 in 2013 to 6,200 in 2014.
French luxury goods maker Hermès posted a 20 percent rise in first-half operating income in line with expectations, helped by strong tourist demand in Japan, the United States and Europe.
The brand known for its silk scarves and Birkin bags costing several thousand euros reiterated on Friday that its operating margin for the full year would be lower than in 2014 due to currency fluctuations.
Hermès first-half operating margin of 32.5 percent was close to the level of 32.6 percent reached a year earlier. The margin was 31.5 percent for 2014, down from 32.4 percent in 2013.
As expected, Hermès kept its medium-term goal of increasing annual sales at constant exchange rates by 8 percent.
Half-year results from other luxury companies such as LVMH and Gucci owner Kering published last month have been stronger than expected, driven in part by Asian shoppers in big European cities, as well as in Japan and Korea, who helped make up for lower sales from luxury hotspot Hong Kong.
"We remain convinced that Hermes is the most defensive name in the luxury space: a long waiting list and a deliberate effort to starve demand and maintain a rarity effect make it so that Hermes growth and margin performance is more stable than peers," Exane BNP Paribas analyst Luca Solca said.
Hermès shares are up 9.2 percent so far this year after gaining nearly 12 percent in 2014.
Livestock, Meat, Processed meat products
Over the past few months, the French farming industry has been responsible for sharp tensions leading to a special European Council on September 7th.
. Who is protesting?
The first protests took place in June this year initiated by cattle producers. It led to a meeting on June 17th where retailers and producers exposed their complaints. In July, both the dairy farming and the pig industry joined the movement.
. Why are these sectors in crisis?
Diverse reasons of the crisis impact several industries. Among them, the price of cereals has doubled over the last seven years, making it hard for producers to feed their cattle. As a consequence, the production costs of the beef sector soared. Moreover, beef producers suffered from high compliance and maintenance costs. These costs impoverished them to such an extent that they are unable to pay their bank loans.
For the first time since 1984, the European Union has suppressed the quotas on the dairy production causing a liberalisation of the market. As a result, the offer explodes and the purchasing price of the milk production is lower than its production cost. Farmers sell at loss and are less competitive than their European counterparts.
The Russian embargo towards European products harms the pig sector in France as well as a rise in the European pig production (especially Spain and Germany).
Thus, the upcoming European Council will be crucial for the relationship between the French government and the farming industry.
Source: Lemonde.fr / © AFP
Irish consumer sentiment hit a nine-year high in June as falling unemployment and the promise of more tax cuts when the government presents its budget later this year helped boost optimism, a survey showed on Tuesday.
Irelands economy grew faster than any other in the European Union in 2014 and economic indicators have been strong so far this year, with retail sales up sharply.The KBC Bank Ireland/ESRI Consumer Sentiment Index climbed to 102.8 from 98.5 in May. The index of current economic conditions at 113.9 remains far higher than the index of consumer expectations at 95.4, but both are at their highest levels this year.
KBC chief economist Austin Hughes said the survey should not be interpreted as signalling "unbound optimism."
"The survey suggests a broadly shared sense among consumers that the Irish economy is doing well and the outlook for jobs has improved but pressure on personal finances is still widespread," Hughes said.
Irelands ruling coalition has pinned its hopes of re-election early next year on voters starting to feel the benefits of the recovery and has pledged to cut taxes and increase spending for a second successive year in 2016.
Hughes said the prospect of a more generous budget in October appeared to be the primary driver of the jump in confidence and the government had a "delicate task" in balancing the aim of maintaining momentum and cutting the budget deficit.
Under EU rules, Ireland has to deliver a balanced budget by 2018 compared to a forecast deficit of 2.7 percent of gross domestic product this year.
According to a study on garment expenses performed by Statista, significant changes in the spending patterns of Americans and Europeans are expected to take place during the next ten years. While in 2012, consumers in the United States spent significant more for clothing than their European counterparts, the situation will reverse by 2025.
In 2025, the average European consumer will spend 804 dollars per year in clothing – corresponding to the fourth spot worldwide, compared with 663 dollars only in 2012.
The Old Continent is expected overtake the United States: Americans, which would move down one spot to the fifth position, are expected to spend 781 dollars in 2025, compared with 686 dollars in 2012.
Australia tops this ranking, with expected expenses of 1,643 dollars per capita in 2025, followed by Canada, with 1,221 dollars and Japan, with 1,080 dollars.
Russia would overtake Brazil, with respectively 740 and 454 dollars per capita. There were almost at the same level in 2012.
China, with 377 dollars, and India, with 138 dollars, complete the ranking.
The study was realized in nine regions - Australia, Canada, Japan, Europe, the United States, Russia, Brazil, China and India, by comparing the per capita budget in 2012 to estimates for 2025.
Still, long-term estimates should always be considered with caution...
Paul & Joe wants to expand its playground. The Parisian label, which will soon be celebrating its twentieth anniversary, is looking to strengthen its international distribution, with openings in Europe and Asia, but also to consolidate its lifestyle universe. New licences have thus either been launched or are being prepared this year for supplementary products that contribute to the company’s overall balance.In terms of openings first, the brand esteems that the French market is well covered (France currently accounts for 25% of the brand’s revenue). It is thus looking beyond its borders for expansion, notably the UK to start off with. Paul & Joe will thus be opening its second fully-owned store in London in September, but with a new dimension. "It will kind of be our European flagship, in a city where a lot is happening at the moment,” explains Jean-Michel Terrien, its managing director.
The 220 m² surface is located in the Mayfair area, on Burton Street, and will carry all of the brand’s collections: women’s and men’s ready-to-wear and the second Sister line, as well as all of the products developed under licence, covering the complete universe offered by the label founded by Sophie Mechaly.
Customers will also find collaborations dear to Paul & Joe, like Mackage parkas and National Standard sneakers this autumn, and the special anniversary collections that the brand will unveil in 2016. On the programme, a return to its roots with a line of blouses for women and a Looney Tunes collaboration for men.
But the other major development expected for the second-half of 2015 will take place in Asia. Several partnerships will make it possible for Paul & Joe to open monobrand stores in October. After Hong Kong, where the brand has already been tested, it will arrive in malls in Shanghai, Seoul and Taipei.
In the Middle East, and also in October, the brand will open its second franchise after Dubai in Abu Dhabi.
The Chinese partnership is even more ambitious, including 20 openings within three years, plus a vast development plan for another chain with its beauty licence. So while the goal of retail is to develop, wholesale still represents 70% of the brand’s revenue and is still the subject of an active strategy.
The proof is in the opening of two new markets: the United States and Italy. Although the market has already been tested out in both, it is taking the next step with the installation of two permanent showrooms in New York and Milan this year. To convince its international audience, Paul & Joe counts partly on its French know-how, since 60% of its ready-to-wear collections currently boast the “Made in France” label, and partly on its strong reputation for its lifestyle universe.
"The heart of our trade is obviously ready-to-wear,” says Sophie Mechaly, “but we enjoy developing other products. Our developments under licence are still minor in terms of revenue, but they are a real addition for the brand,” she specifies.
Eyewear is currently the most significant of the licences, but beauty has been seeing great results in Asia as well. There is also a home linen line and a lingerie offer since this year. A world that the brand had already experimented with itself but this time it will do so in partnership with American specialist Cosabella. A launch for SS16 that it will later complete with a new swimwear line.
Finally, another product development in the line-up: perfume. The brand’s teams have embarked upon the search for an ideal partner for this launch. Between its openings and new licences, Paul & Joe, which does not divulge its revenue figures, has nevertheless announced a return to growth for 2015, after a stable year in 2014.
Culture, Sport, Leisure, Tourism
The French Nautical Industries Federation (FIN) aims at defending, representing and promoting the different sectors of the French nautical industries both at home and abroad. The FIN currently has more than 600 members, representing more than 80% of the industry’s turnover. In contact with the authorities at the regional, national, and European level, the French Nautical Industries Federation assists and advises companies in a number of domains: legal, social, economic and technical, and plays a role in providing information to the public and media. At the international level, the FIN is a founder of the European Boating Industry. Founded in June 2009 and based in Brussels (Belgium), European Boating Industry represents the interests of the European leisure marine industry and its members. The Federation owns the Paris International Boat show, Cannes International Boat and Yacht Show, and Maritima, the trade show dedicated to the maritime and coastal economies. The FIN also runs coordinated actions, in partnership with Ubifrance, to facilitate the presence of its members in major or rapidly growing international boat shows. In addition, the FIN supports the Grand Pavois de La Rochelle and is also behind events such as the National get afloat weekend (Fête du Nautisme), contributing to the development and practice of water-based recreational activities. At environmental level, the FIN initiates several actions which objective is to insert environmental preoccupation throughout the boat life cycle, in particular through its Bateau bleu Program. At the start of 2009, the French Nautical industries Federation created the Association for eco responsible pleasure boating (APER) which mission is to organise and run the setting up of the French network for dismantling and recycling pleasure craft that have reached the end of their useful lives. HEAD OFFICEFEDERATION DES INDUSTRIES NAUTIQUESFRENCH NAUTICAL INDUSTRIES FEDERATIONPort de Javel Haut • 75015 PARIS • FranceTel. +33 (0)1 44 37 04 00 • Fax. +33 (0)1 45 77 21 88 firstname.lastname@example.org : http://www.fin.fr/frameset.asp?langue=gbClick here for more information about French companies
UBIFRANCE, the French agency for international business developement, comes under the aegis of France's Ministry for the Economy, Industry & Employment. UBIFRANCE lies at the heart of France's public-sector export support framework.