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Posts tagged as Amazon

UK fashion brands battle for China’s growing market

Over the next week Shanghai Fashion Week will fill the city with models, designers and buyers. “They are sophisticated, well-travelled and demanding in quality and newness.”Pricing is also a concern. While wealth is rising, hefty import taxes drive the cost of Western luxury labels beyond the reach of many.”British fashion designers are still at a slightly higher price point,” WWD’s Mr Zhang says. He says while spending power is rising, Chinese consumers are not yet as willing to spend on designer clothes as they are on shoes and accessories.
The competitive threat from local talent is also mounting. There are big names like Angel Chen and Shushu/Tong, along with emerging designers like Caroline Hu and 8on8, all set to gain plenty of attention in Shanghai.”There are more and more upcoming Chinese designers taking the international stage,” says Pedder Group’s Ms Yu. “They give a fresh perspective.”

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These real estate heavyweights were invited to Cuomo’s secretive fundraiser

Developer Douglas Durst and billionaire John Castimatidis were among the bigwigs invited to Gov.Andrew Cuomo’s secretive fundraiser earlier this month.
Durst, chairman of the Durst Organization, donated but didn’t attend the event, which was held at the St. Regis Hotel, the New York Times reported.The minimum donation per couple was $25,000.Catsimatidis said he did not contribute or go to the event — and said he was invited because of his longtime friendship with the governor.“I go back with the governor 20 years,” he told the Times.“In 50 years in business, I have never gotten anything from the city or the state, the Red Apple Group head told the Times.“You know what I’ve gotten? Ungatz. That’s Italian, I think.””Other real estate figures who received invites included Island Capital Groups Andrew Farkas and Atlantic Development Groups Peter Fine, according to the Times.The dinner was kept under the radar and not listed on Cuomo’s calendar.The invitation, too, was vaguely worded, the report said.The pricey fundraiser was planned as the New York State budget comes due — and lobbyists advised clients that the event would be good for them to attend.
Guests included senior Cuomo administration officials, including the state budget director Robert Mujica.Cuomo gave a speech to a room of about 100 people, talking about Amazon, the tumult in Washington and the transition from campaigning to governing.Two months earlier, Cuomo promised to work on campaign finance reform. He signed new limitations on corporate donations and he has vowed to “combat big money in politics.” The governor has been a big fundraiser himself, with the vast portion of his political donations coming from big checks.Last year, he accumulated more than $30 million in his campaign war chest, before a pricey effort to fend off a primary challenge from Cynthia Nixon.

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Amazon real estate exec says Bellevue plan not affected by New York exit

Amazon’s top real estate executive said the employment growth the company had planned for New York is not slated for Bellevue. Speculation has swirled in recent weeks over Amazon’s local growth plans in the wake of its decision to abandon a major campus planned for Long Island City as part of its HQ2 expansion, and confirmation that it will not occupy a new office building under construction in downtown Seattle.The company on Valentines Day said it would not go forward with the plan to hire as many as 25,000 people in New York over the next decade, after encountering a hostile response from local politicians and labor groups opposed to some $3 billion in tax incentives offered to lure the company.Amazon last summer signed a second long-term lease in Bellevue, giving the company enough space in the city east of Seattle for about 4,500 people.While Amazon has been mum about its Bellevue plans, the Puget Sound Business Journal and GeekWire reported in February on the companys growing real estate appetite in that city. Some real estate sources have seen Bellevue as a possible spillover location for the erstwhile New York HQ2.
Asked whether he expected to see any of the planned New York City employment land in Seattle or Bellevue, John Schoettler, Amazons vice president of global real estate and facilities, said: No. The plans that we have for Bellevue and all of that was completely separate from HQ2, so its not a result of that, Schoettler said in an interview with The Seattle Times.Schoettler, who has orchestrated Amazons dramatic real estate expansion since 2001, said the job growth planned for New York will be dispersed across about 17 other cities throughout the Americas.

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Patrons

The BFC would like to thank the following patrons for their support. Accenture. AllSaints. Amazon Fashion. Arcadia Group Limited. Bicester Village.

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