Category: News

The Modist Secured Investments From Farfetch And Bulgari

The online retailer for Modest Fashion The Modist has received strategic investments from Farfetch and Annabel Investment Holding, the private equity firm of Nicola Bulgari, Vice President of the jeweller Bulgari Group. The reinvestment took place one year after The Modist secured $ 15 million (approximately $ 13.3 million) in a round of financing led by Vaultier7 and a team of Net-a-Porter veterans. “I could not be more proud of announcing our latest investors. Farfetch and Mr. Nicola Bulgari (Deputy Chairman of the Bulgari Group), who join our existing investor group, are a proud moment and a tremendous vote of confidence in The Modist and what my team and I have built in a short time. ” Founder and CEO Ghizlan Guenez said on her Instagram page.

The Modist has been offering exclusive styles on the Farfetch marketplace since September, when the two companies signed a global partnership agreement ahead of Farfetch’s IPO. At that time, Farfetch CEO José Neves said that the Middle East was “a big gap” in the company’s strategy, so they decided to work with the Modest Fashion dealer. Seventy percent of Middle Eastern consumers said they had increased spending over the last five years, compared with 53 percent in the US, Europe and Japan, according to a recent report by the Deloitte consulting firm on the global luxury goods market.

In fact, Farfetch looks to invest or acquire in emerging companies to expand in promising markets. The UK ecommerce powerhouse bought the streetwear marketplace Stadium Goods for $ 250 million in December, just months after it took over the Chinese digital marketing agency CuriosityChina for an undisclosed amount.

Why are companies like Farfetch and Vaultier7 investing in The Modist?

If you think that investing in companies like The Modist is just one way to engage affluent consumers in the Middle East, you’re wrong. In the Western countries, too, sales of Modest Fashion luxury fashion are growing rapidly: The US and the United Kingdom currently contribute 45 percent to The Modist’s sales. Fashion houses in these two regions have increased their range of must fashion items since 2017, according to retail analytics company Edited by 15 percent. It’s easy to understand why: The term “modest fashion” gets 8,000 Google searches every month in the US alone.

Much of this growth is being driven by Muslim consumers: A recent report by Thomson Reuters Global predicts that spending by Muslim consumers will rise to $ 2.6 trillion by 2020, with fashion among the strongest sectors. But not only religion is the reason why modest fashion is on the rise. Edited associates the increase in retailers’ Modest Fashion range with the #MeToo movement.

According to Edited, consumers reinterpret modest fashion. The more women question the idea that fashion is a way to look sexually attractive and instead put comfort first, the more likely they are to buy loose-fitting, longer silhouettes and unobtrusive cutouts.

Who are the consumers of Modest Fashion?

Luxury brands are pioneering the Modest Fashion movement, which explains why The Modist focuses on this segment. Long silhouettes and headscarves have been featured in recent campaigns by Gucci, Kenzo and Burberry, while in 2016 Dolce & Gabbana even launched a series of Hijabs and Abayas. The US luxury market saw a 50% increase in long sleeve Blouse Models with a high neckline compared to last year, compared to an increase of 13% in the mass market, as confirmed by Edited. In Great Britain, growth was even more pronounced at 15 percent.

Even in the luxury segment, the seams are back: midi skirts make up an amazing 53 percent of the entire rock range, with Gucci, Marni, Tibi and Jil Sander leading the way. Maxi skirts still make up the smallest percentage of the market in both the US and the UK, but there are signs that some consumers no longer see them as too obscure: the silhouette has gone up in the luxury market by 67 percent and on the Mass market gained 55 percent in popularity. Retailers who wish to take advantage of an unused opportunity are encouraged by Edited to invest in modest sports and swimwear. Nike launched a “Pro Hijab” in 2017 and still has almost no competition in the field.

The demand for Modest Fashion is growing, but there is still controversy

However, serving the Muslim market may cause some controversy in some parts of the world. The sports retailer Decathlon had to give up last month on the introduction of a sports hijab in France, as the announcement caused a huge outcry. Even celebrities and politicians went into social media to argue that hijabs in French society should not be normalized, believing that they symbolized the subjection of women to men. Aurore Bergé, spokeswoman for President La République en Marche of President Emmanuel Macron, called for a boycott of the Decathlon and said: “My choice as a woman and a citizen will be to no longer rely on a brand that breaks away from our values.” ,

Women’s Day Is The Story Of Ordinary Women Who Made History

International Women’s Day stands for the long struggle of women for equal participation in a just society. If women once demanded the right to vote or decent working conditions for factory workers, half of the posts are now required for women and men in politics and business. The demand of the first hour for “equal pay for equal work” is still not satisfactorily implemented. When women from all continents – often separated by national boundaries or ethnic, linguistic, cultural, economic and political differences – come together to celebrate their day, they can look back on a tradition that has spanned at least nine decades of the fight for equality, justice, Peace and development means.

International Women’s Day is the story of ordinary women who made history: it is rooted in the millennia-old struggle of women for equal participation in society. In ancient Greece, Lysistrata called for a sexual strike against the men to end a war; During the French Revolution, Parisian women marched to Versailles demanding women’s suffrage under the motto “freedom, equality, brotherhood.” Here we have found some really good Women’s Day Quotes, you can use it for the coming Women’s Day.

Creation of International Women’s Day

The idea of International Women’s Day was born for the first time around the turn of the last century, as the industrialized world expanded, unrest prevailed, the population grew rapidly, and radical ideologies emerged. By a Declaration of the Socialist Party of America, the first National Women’s Day was celebrated on February 28, 1909, in the United States.

At the request of German socialists Clara Zetkin and Käte Duncker, the meeting of the Socialist Women’s International in Copenhagen in 1910 fixed a Women’s Day in honour of the Movement for Women’s Rights and to assist in the attainment of universal women’s suffrage. The proposal was unanimously welcomed by the Conference of over 100 women from 17 countries, including the first three women elected to the Finnish Parliament. There have not yet been a fixed date for the celebration of the day.

“Out with the women’s suffrage!”

As a result of the Copenhagen resolution of 1910, 1911 International Women’s Day was first held on 19 March in Austria-Hungary, Denmark, Germany and Switzerland, where more than one million women and men participated in marches. “Hundreds of events”, wrote the “Arbeiterinnen-Zeitung” were held throughout Austria, about 20,000 socialist women demonstrated on the Ringstrasse and called “Out with the women’s suffrage!” The choice of this date should underline the revolutionary nature of Women’s Day, because March 18 was the memorial day for the fallen in Berlin during the Revolution of 1848 and the Paris Commune had begun in March (March 18 to May 28, 1871).

In the following years, on women’s day, which took place mostly on changing dates in March or April, millions of women worldwide took part in demonstrations, rallies and actions.

There are various theories and interpretations about the origins of International Women’s Day on March 8th.

According to some sources, the exact date goes back to March 8, 1857, when textile workers in New York went on strike. Other sources refer to March 8, 1908, as the day the workers of the Cotton mill in New York went on strike to demand better living and working conditions. The factory owners and supervisors included the women in the factory to prevent contact and solidarity with other workforces. When suddenly a fire broke out, 129 workers died in the flames. Other sources mention that the date of 8 March also commemorated the large textile workers strike in St. Petersburg, which spread to other sectors and triggered a major workers’ rally. These fights took place on the occasion of the women’s day on 8. From now on, this date should have international significance for the interests and the struggle of all exploited and oppressed women. To summarize, the roots of International Women’s Day are in the tradition of proletarian women’s struggles.

Analogue Introduces New Mega-drive Console

After the Analogue Nt and the Super Nt Analogue brings out a new FPGA-based Sega console: The Mega Sg can play Megadrive and Master System games and extrapolate to 1080p, even a Mega CD can be connected. Thanks to adapters, even games from older Sega consoles are running on the device.

Analogue has introduced the Mega Sg, a new game console that can play games of the Sega Mega Drive. Unlike the currently popular mini-consoles, which for example publishes Nintendo from its consoles, the Mega Sg is based on a Field Programmable Gate Array (FPGA), an IC. Used is a Cyclone V from Altera.

The Mega Sg has no built-in games, but mimics the function of the original console. Accordingly, users can use their old mega-drive games with the device. In addition, Analogue adds an adapter for the master system; additional adapters for the Mark II, Game Gear, Sega MyCard, SG-100 and SC-3000 should be available separately.

In addition, users can use their old gamepads with the Mega Sg. On the back of the device has a flap, behind which is a connection for a mega CD. The Mega CD was a separately available CD-ROM drive for the Mega Drive. Thanks to the FPGA, this hardware should also be easy to use with the Mega Sg.

The Mega Sg has an HDMI output and scales the picture to 1080p. The upscaling should be free of lags thanks to the FPGA. Among the features of the upscaler include the maintenance of the image format, various possible resolutions and scanlines. The Mega Sg has no regional restrictions and can play all games. There is also a separate wireless controller developed by Analogue in cooperation with 8BitDo. The Mega Sg itself is not a controller.

The Mega SG is available in four color options: USA in black with red accents, JPN in black with blue accents, EUR in black with gray accents and White completely in white. The console costs 190 US dollars, it should be delivered from April 2019. Of Analogue, there are, inter alia, the Super Nt , which can play SNES games. We have already thoroughly tested the predecessor console, the Super Nt . We assume that the systems will have a lot in common.