Sunshine Jamz

October 25, 2021

Highsnobiety, A High End Streetwear Site, Is Considering A Sale

Sunshine Jamz

October 25, 2021

Highsnobiety, the online streetwear magazine, is considering a sale. The company is thought to have hired investment bank LionTreet to explore possibilities of divesting as it estimates to reach 60 million dollars in turnover this year.

According to the New York Times, the Berlin-based company could see much interest from media brands or online retailers enticed by the increasing convergence of retail and media.

For over a decade Highsnobiety has been at the forefront of streetwear culture and sneaker drops in addition to operating an online store. Its services include publishing partner content, deep-dive audience, and category insights as well as connecting the dots between people, products, and ideas. It previously opened pop-ups in Paris and Zurich airport.

The link between curated media and e-commerce has been a successful formula for many companies, including Net-a-Porter, Goop, and Monocle. Sneakers have reached luxury heights of desirability in the past few years, with a pair of Nike trainers set to fetch over one million dollars at auction.

Founded in 2005, Highsnobiety is a multi-disciplinary bridge between content and brands, an agency powered by a publisher. Reporting on youth culture through the prism of style, the company is drawn to the people, ideas, places, products, and brands shaping the lives of young people today, often before they’ve entered the mainstream.

Regenerated Materials and Deadstock Fabrics Used For Bally's SS22 Collection

Sunshine Jamz

October 25, 2021

Swiss luxury brand Bally has dedicated the Spring/Summer 2022 collection of its “Art of Utility” line to the future after the pandemic. Apart from elegant looks that are inspired by sportswear and workwear, this also means focusing more on sustainability. Over the past two seasons, “Art of Utility” has been made using GOTS-certified natural botanical dyes from wood, repurposed deadstock fabrics, recycled cotton and regenerated leather.

“Bally’s spring/summer 2022 collection ‘Art of Utility’ reimagines sartorial sportswear with freedom of movement, elegant ease and natural utility for the post-pandemic future, where the virtuous art of dressing up and down are synonymous with comfort and versatility,” says the brand about the collection.

Accordingly, comfort, lightness and versatility are the main focus, expressed through voluminous proportions, layered styling and high-quality knitted and leather materials. Traditional craftsmanship is reflected in refined techniques and elaborate details, including leather-woven patterns, hand-studded rivets and stitching.

“A cut-out lace-up boot with a clog-like sole and unisex sneaker models with the typical Bally wing are the highlights of the shoe collection. The newly introduced B monogram and alpine flower motifs are reminiscent of Bally’s pillars: art, nature and design,” explains Bally.

All sneaker linings are GRS-certified and made from recycled plastic bottles, while leather is sourced from tanneries certified by the Leather Working Group.

B-Monogram jacquard totes, pouches, and bum bags also feature GRS-certified nylon, made from 100 percent post-consumer recycled plastic and PET bottles, such as the Crew and Atlas.

Regenerated leather makes up the Mythos line with recycled metals and yarns. Sporty nylon Cliff bags in denim effect and TPU, as with the B-Monogram travel bag, also feature alongside leather-woven Cabana and Vestige bags in a contemporary check effect with eco-friendly lining.

Iconic GOT BAG ROLLTOP Available In LITE Version Now

Sunshine Jamz

October 25, 2021

GOT BAG is expanding its product line to make its popular ROLLTOP backpacks accessible to even more ocean lovers: The start-up is launching a new edition of its iconic ROLLTOP model, the ROLLTOP LITE.

The new LITE ROLLTOP is a version created for customers with narrower, tighter-fitting shoulder straps and without adjustment straps on the side, opening up the world of the ROLLTOP bag to people who have a smaller stature. The sleek design makes the backpack look even more minimalist, yet the ROLLTOP LITE offers just as much space as the classic, with a flexible 18-21 liter capacity and maximum flexibility and comfort with an expandable roll-top closure and padded back. A separate, removable laptop sleeve provides space for a 15-inch laptop. For each ROLLTOP LITE, 3.2 kg of ocean plastic is recycled. The backpack will be available in classic black, the popular reef, and a shade new to GOT BAG, smooth soft shell.

With its mission to "Create an Impact," GOT BAG stands for not only acting sustainably, but actively creating change: At the time of its founding in 2016, CEO Benjamin Mandos' initiative was among the first to recycle plastic waste from the heavily polluted seas of Southeast Asia to use as a source for producing long-lasting travel gear. Thus, the innovative business model provides a holistic answer to a global problem: GOT BAG's innovative initiative for a consistent circular economy through plastic recycling and reuse for high-quality products is a realistic chance that the amount of waste entering the sea will no longer exceed the amount of recovered plastic significantly in the future.

Alongside the continuous development of new and existing, high-quality, long-lasting products, GOT BAG aims to set a statement against fast fashion and show that things can be done differently. The backpacks are designed to be used as long as possible without having to buy new ones, so GOT BAG customers can use the free repair service if the durable backpacks should ever be worn out or damaged. And now, with the ROLLTOP LITE, now even more people can choose a good purchase decision and look good at the same time.

Blackstone Strikes A $1bn Music Rights Deal With Beyonce' Royalties Firm Advisor

Sunshine Jamz

October 13, 2021

Private equity firm aims to cash in on music rights buying spree.

The US private equity giant Blackstone has struck a deal with Merck Mercuriadis, who advises the London-listed music rights business Hipgnosis, to set up a $1bn (about £735m) venture to acquire music rights and manage catalogues.

Over the past three years Mercuriadis has overseen an acquisition spree at Hipgnosis, buying the royalty rights to the music of stars from Neil Young and Barry Manilow to Beyoncé and Blondie and building up a portfolio of almost 61,000 songs worth $2.2bn.

Blackstone has struck a deal with Mercuriadis’s separate advisory business, Hipgnosis Song Management (HSM), backed by an initial $1bn, in the latest move by big investors to tap into the streaming boom that has fuelled a recovery in the music industry.

“The music industry is at the forefront of the fast-growing streaming economy and is unlocking new ways of consuming content,” said Qasim Abbas, senior managing director at Blackstone Tactical Opportunities. “This partnership underscores the long-term, sustainable value we see in creative content across the wider entertainment industry.”

As part of the deal, Blackstone will take an undisclosed “ownership stake” in HSM, while the London-listed Hipgnosis business he advises will have the right to co-invest in catalogue acquisitions the new venture makes.

Mercuriadis said: “Given the strength of our [acquisition] pipeline we see the initial [$1bn] commitment as just the start of a long-term partnership between Blackstone and Hipgnosis that will also include co-investment. Hipgnosis Song Management has firmly established songs as an asset class. This new partnership with Blackstone will deliver financial strength to invest in proven songs.”