（原标题：爱马仕配货诉讼被驳回；始祖鸟道歉；古驰又换CEO｜二姨看时尚） 21世纪经济报道记者 高江虹 实习生 陈晓冉 上周，时装周将才相继落幕，赛事又启：中国国际时装周（秋季）、2026春夏北京时装周相继举办，前 者首发首秀创纪录，后者迎十周年规模之最，歌力思旗下IRO首登中国国际时装周；浪琴表北京国际马 术大师赛定档10月16-19日鸟巢，官宣骑手阵容，大牌不少，金秋北京好景配好鞍。 圈里大事真不少，"爱马仕配货案"被美国法院驳回，爱马仕终于获支持实行配货制度了？一个"升龙"艺 术项目让始祖鸟品牌声誉受挫，品牌忙发道歉信补救；瑞士手表全球出口额7月刚短暂回归增长轨道，8 月的数据又走弱了，同比下滑16.5%。LVMH间接持股Moncler超4%后停手；VF集团6亿美元售迪克斯止 损；Suitsupply竞购米兰杜尼尼宫30年经营权；优衣库邀KAWS任首位驻地艺术家。 人事方面，开云集团官宣Francesca Bellettini为古驰CEO，强势女将能否力挽狂澜？迪奥重组团队挖回老 员工，似乎在验证"老"的就是香。 1.《升龙》艺术项目惹众怒，始祖鸟发致歉信 9月21日，加拿大高端户外品牌始祖鸟针对其赞助 ...

Group 1 - The film "731" broke multiple records on its opening day, achieving a box office of over 1.33 billion yuan and becoming the highest single-day total in Chinese film history [1] - The film's premiere showcased a strong public interest in serious historical themes, indicating a robust cultural consumption demand [1] - The high box office performance is expected to boost the financial results of related film companies involved in production and distribution, driving revenue growth [1] Group 2 - Shanghai Hu Yi Enterprise Management Co., Ltd. was established to enhance the competitive edge of "Hu Shang A Yi" and expand its business scope [2] - The new company aims to explore new business areas, such as supply chain management and retail, potentially uncovering new growth points [2] - The establishment reflects a positive development trend for "Hu Shang A Yi" in the first half of the year [2] Group 3 - Kayou's entry into the U.S. market marks a significant step in its international strategy, targeting the largest collectible card market globally [3] - The company plans to launch popular IP card series through various retail channels, including Walmart and Amazon, enhancing its market presence [3] - Successful penetration into the competitive U.S. market could significantly boost Kayou's revenue and support future capital operations [3] Group 4 - Kering Group appointed Francesca Bellettini as the new President and CEO of Gucci, signaling a strategic shift within the company [4] - Bellettini's previous success with Saint Laurent is expected to help Gucci regain its growth trajectory [5] - The elimination of the Vice CEO position aims to streamline the organizational structure and improve decision-making efficiency [5]

格隆汇9月16日｜美国时尚品牌拉夫劳伦公司宣布，计划至2028财年末通过分红和股票回购向股东返还 20亿美元。 ...

Group 1 - The core focus of Shanghai's Jing'an District is to develop a "global new product launch demonstration zone" and promote the first-store economy, having introduced 991 first stores since 2021, including 15 global first stores and 163 Asian and national first stores [1][2] - Jing'an District has integrated commerce with culture, creativity, performance, art, and technology, utilizing new technologies such as VR, ultra-high-definition, metaverse, and artificial intelligence to create innovative consumption scenarios [1][2] - The district has seen a significant increase in social retail sales, leading the central urban area, and has become a hotspot for consumption with notable landmark projects attracting national and global attention [1][2] Group 2 - The headquarters economy is a prominent feature of Jing'an, with 85 new regional headquarters of multinational companies established since the beginning of the 14th Five-Year Plan, totaling 142 regional headquarters and 26 private enterprise headquarters [1][4] - The contribution of the headquarters economy to Jing'an's overall economy has increased from 14.4% in 2021 to 17.8% in the previous year, with expectations for further growth this year [4] - Jing'an aims to optimize the structure of headquarters enterprises, encouraging a shift from single management to composite types, and supports the establishment of R&D centers and innovation centers for leading biopharmaceutical companies [4] Group 3 - The "Louis Vuitton Extraordinary Journey" project, launched in June, has become a significant urban landmark, increasing daily foot traffic in the Nanjing West Road business district to over 500,000, a 62% year-on-year increase, and doubling sales in surrounding malls [3] - The Nanjing West Road business district has added over 600 well-known domestic and international brands since the beginning of the 14th Five-Year Plan, bringing the total to over 2,800, with international brands accounting for over 70% [2][3] Group 4 - The "Meichuang Jingjie" innovation ecosystem project has attracted over 40 beauty companies within four months, demonstrating a positive trend in industrial clustering [5]

开云集团因债务压力推迟全面收购Valentino，暂缓扩张步伐。与此同时，品牌焕新与全球布局持续加 速：Dior正处转型关键期，任命全球男女装公关总监与重组人事强化设计团队；安踏集团宣布东南 亚"千店计划"，加速全球化进程；江南布衣、Golden Goose等凭借多品牌与DTC策略实现稳健增长。 1.Dior扩充设计团队 法国奢侈品牌Dior正在加码设计团队建设，以支持创意总监Jonathan Anderson，品牌近日宣布两项重要 任命，曾任路易威登女装成衣总Michela Kalb将全面负责Dior的高级定制、女装与男装成衣、女装鞋履 等系列，来自比利时的年轻设计师Igor Dieryck将出任Dior男装设计师，他于2022年毕业后便凭借才华斩 获多项奖项，曾在爱马仕担任男装成衣初级设计师，并为眼镜品牌Komono打造过胶囊系列。 上周时尚圈依旧喜忧参半。阿玛尼的遗嘱公布再度引发举世关注，其动向与阿玛尼生前贯穿始终的独立 坚守大相径庭。行业噩耗再传，宝格丽前CEO Francesco Trapani离世，其以资本重塑珠宝格局的深远影 响仍被铭记。 此举凸显Dior对Anderson创意愿景的重视与支持， ...

不久前离世的乔治·阿玛尼，为其时尚帝国的未来设定了一条明确的道路。根据最新公布的遗嘱内容，这位享年91岁的设计大师指定LVMH集团、欧莱雅和 眼镜巨头依视路为公司的优先收购方。而如果出售计划失败，继承人则应选择将公司在资本市场进行挂牌上市。该集团去年营收约24亿欧元，但在年轻消费 者回避正装以及奢侈品行业整体放缓的背景下，增长陷入停滞。 anyana har Curage 创始人遗嘱公布 9月4日，乔治·阿玛尼以91岁高龄辞世，身后无子女，家族亲属包括他的妹妹、两位侄女和一位外甥。这份遗嘱的公开回应了长久以来外界关于公司是否将 继续保持独立运营的猜测。 关于心仪的潜在买家，遗嘱也给出了一份详细的参考名单，LVMH集团、欧莱雅和意大利眼镜制造商依视路陆逊梯卡都是最优先的考虑对象，遗嘱还鼓励继 承人将其他与阿玛尼集团存在商业往来的时尚及奢侈品公司都纳入未来出售的考虑范围，只要够有眼光，各大巨头都有可能成为下一位"幸运买家"。 同时，遗嘱也给出了备选方案，如果上述出售计划未能实现，继承人则应立即启动首次公开募股（IPO），让这家意大利家族品牌走向资本市场。在遗嘱 中，乔治·阿玛尼基金会及其本人的得力助手潘塔莱奥·德 ...

Investment Dynamics - Nutrabolt, an American energy drink company, has invested nearly 110 million yuan to increase its stake in Bloom Nutrition [4] - Bloom Nutrition, founded in 2019, is well-known on social media for its organic green superfood powders and has expanded its product line to include protein powders, collagen peptides, and super berry products [2] - This investment is expected to provide Bloom Nutrition with strategic growth capital, enhance its production capacity, and strengthen its internal capabilities, while allowing Nutrabolt to further expand its influence in the energy drink sector [2] Brand Dynamics - Inditex Group, the parent company of Zara, reported a 5.1% year-on-year revenue growth to 18.4 billion euros and a slight net profit increase of 0.8% to 2.8 billion euros as of July 31 [15] - Zara is closing smaller stores and shifting towards larger, higher-end retail spaces, with an expected total retail floor area increase of about 5% in the coming year [15] - The closure of smaller stores reflects a broader trend in the fast fashion industry, prioritizing efficiency over scale [15] Corporate Changes - Roberto Lorenzini announced his resignation as CEO of Tod's Group for the Americas, a decision made in agreement with the Della Valle family [23] - Sun Hui, CEO of Baizicui, announced her departure after seven years, indicating challenges in achieving rapid success in a competitive environment [26] - Burger King China appointed Fan Jun as COO and Li Jia as CIO, aiming to strengthen its core team for better market penetration [28]

Major Events - China Power (02380) plans to acquire a 31% stake in Dazhou Energy [1] - Shun Teng International Holdings (00932) received a 20% discount from Chairman Zhang Shaohui for a full acquisition offer [1] - Huajian Medical (01931) established a joint venture to deepen the global blockchain financial ecosystem strategy through the "ETHK" core brand [1] - Derin Holdings (01709) signed a strategic cooperation and investment agreement with Winner Fashion (03709) [1] - Dongwu Cement (00695) major shareholder Goldview intends to sell a total of 204 million shares, making Hong Kong Aviation the single largest shareholder [1] - CSPC Pharmaceutical Group (01093) received clinical trial approval for SYH2066 tablets in China [1] - GAC Group (02238) plans to issue up to 15 billion yuan in corporate bonds and 15 billion yuan in medium-term notes [1] - Huatai Securities (06886) plans to issue up to 6 billion yuan in corporate bonds [1] - Ark Health (06086) stated that the H2H conference news is not insider information and is unaware of the reason for the stock price increase [1] Financial Data - China Resources Land (01109) reported a cumulative contract sales amount of 136.8 billion yuan for the first eight months, a year-on-year decrease of 12.0% [1] - Yuexiu Property (00123) reported a cumulative contract sales amount of approximately 73.011 billion yuan for the first eight months, a year-on-year increase of approximately 3.7% [1] - Zhong An Online (06060) reported a total original insurance premium income of approximately 23.625 billion yuan for the first eight months, a year-on-year increase of 6.36% [1]

Core Viewpoint - The emergence of RWA (Real World Assets) in the fashion industry marks a significant shift, with Yinger Fashion becoming the first company in China's fashion sector to embrace RWA through a strategic partnership with Derlin Holdings, aiming to enhance brand value and financing channels [1][2]. Group 1: Financing Channels and Brand Value - RWA provides an innovative financing channel based on actual business revenue, utilizing blockchain technology to digitize and financialize assets, thereby enhancing liquidity and transaction efficiency [2]. - Yinger Fashion's partnership with Derlin Holdings allows for greater flexibility in expansion, supporting brand building and channel upgrades, crucial for maintaining its leading position in the light luxury market [2]. - Derlin Holdings, as a licensed broker with experience in RWA, strengthens the financing process for Yinger Fashion, facilitating a "brand elevation" through this collaboration [2]. Group 2: NEXY.CO Brand Potential - NEXY.CO, a light luxury women's wear brand under Yinger Fashion, has surpassed 1 billion in annual revenue and is positioned to become a leading brand in the Chinese light luxury sector [4][5]. - The brand focuses on stylish workplace attire and has a strong market presence, with 226 stores opened in high-end malls and a revenue contribution of 15.60% in the first half of the year [4][5]. - Yinger Fashion's multi-brand operational capability and strategic upgrades provide a solid foundation for NEXY.CO's growth and market expansion [5]. Group 3: Valuation Reassessment Catalyst - The capital market shows strong recognition and confidence in the value of the RWA sector, with companies actively engaging in RWA witnessing positive stock performance [6]. - Yinger Fashion, as the first RWA company in the fashion industry, solidifies its leading position and is expected to benefit from a scarcity premium and first-mover advantage in valuation [7]. - Currently, Yinger Fashion's valuation is low, with a price-to-earnings ratio of 10.75, significantly below the industry average of 23.09, indicating substantial room for valuation recovery [7][9].

Core Viewpoint - The will of the late fashion designer Giorgio Armani outlines a structured plan for the future ownership of his fashion empire, prioritizing LVMH, L'Oréal, and EssilorLuxottica as potential buyers for the company's shares [3][4][6]. Group 1: Sale Structure - The will specifies an initial sale of 15% of the company to one of the three designated buyers, followed by a potential sale of an additional 30% to 54.9% within five years [3][6]. - If the phased sale does not materialize, the company may consider going public as an alternative [6][8]. - The will aims to ensure strategic continuity, company cohesion, and financial stability during the transition [6]. Group 2: Potential Buyers - LVMH's CEO Arnault expressed strong interest in acquiring Armani, highlighting the brand's significance in the fashion industry [7]. - L'Oréal stated it feels honored to be considered for the acquisition and will carefully evaluate the opportunity, noting a long-standing partnership with Armani since 1988 [7]. - EssilorLuxottica also expressed pride in being considered and will assess the potential investment through its board [7]. Group 3: Internal Transition - The internal power transition has begun, with Leo Dell'Orco, responsible for menswear, playing a key role in future decisions and holding 30% of the company's shares and 40% of the voting rights [10]. - Other heirs include Roberta Armani, Silvana Armani, Andrea Camerana, and Rosanna, with the Giorgio Armani Foundation tasked with selecting a new CEO [11]. Group 4: Company Performance - The Armani Group reported stable revenue of approximately €2.4 billion last year, facing stagnation due to declining demand for formal wear among younger consumers and a general slowdown in the luxury goods sector [3][12].