Business of Fashion News: Samsung’s Financing Program Includes Back-Office Support

Samsung works with suppliers with at least $5 million in annual volume.

Samsung C&T’s wholesale fashion business model supports brands as they grow their business.  Vicki M. Young February 16, 2017 article in WWD:

            “Samsung finances apparel firms with at least $5 million in volume and a need for back-office support. The program starts with financing of inventory. Because Samsung purchases the inventory, it oversees shipping to the U.S.; getting customs clearance; warehousing the product, and invoicing retailers. Samsung does the credit checks and handles collections from retailers.”   Read more.

Samsung’s unique wholesale infrastructure platform allows fashion brands to focus on the creative end of the operation with its biggest benefit being maintaining full control and ownership of their business.

Learn more about Samsung’s financial solution for fashion brands

Fashion Industry News: BB Dakota Dresses Up for Bridal Debut in Spring 2017

Samsung C&T’s wholesale fashion business model supports brands as they grow their business.  In 2008, BB Dakota – the contemporary apparel brand for the modern girl began utilizing Samsung’s infrastructure platform.  Khanh T.L. Tran recent article in WWD:

“BB Dakota is dressing up for its debut next spring in the bridal category.

Guided by an alumna of BCBG Max Azria’s runway shows, the Costa Mesa, Calif.-based young contemporary brand is readying to unveil BB Dakota Occasion, a line of dresses designed for a younger customer who wants to display her fashion flair at weddings, prom and other special soirees.” Read more

Read more about Samsung fashion industry success stories.

Fashion Industry News: Warehouse rents spiking due to e-commerce growth

For a business owner, managing warehouse expense is a priority.  A recent retaildive.com article by Daphne Howland outlines the increasing demand and prices for prime warehouse space in the US.

 

Rents for prime warehouse space in the U.S. rose 9.9% in 2015, well past the 2.8% increase in the global industrial leasing rate. Six markets in particular were among the nine with the biggest increases globally, with Oakland (29.8%) topping the increases seen in also-hot Northern New Jersey, according to the report. Read more.

 

At Samsung, we work with growing fashion brands to purchase inventory and manage all back-end logistics.   Our fashion partners can focus on growing their businesses and not on operations.

Learn more about Samsung’s solution for fashion brands.

 

Samsung C&T America speaks to Fashion Financing at FGI’s “Staying in Business” panel

Michael Hahn, Vice President at Samsung C&T America, explained that it is not necessary to give up equity in your company in order for it to grow at a Fashion Group International panel on “Staying in Business” on March 22nd; Vicki Young from WWD covered the event stating: 

            “The general consensus from the panelists was that the attendees don’t have to sell          stakes in their firms in order to finance growth. When considering taking on debt or           giving up some equity, debt is generally the better option since owners get to retain    equity in the company and, more importantly, control of their business.” Read more.

Samsung’s unique wholesale infrastructure platform allows fashion brands to focus on the creative end of the operation while maintaining total control and ownership of their business.

Learn more about Samsung’s financial solution for fashion brands

Fashion Industry News: Licensing Trends

Earlier this month we had the opportunity to be a sponsor of Licensing Summit in NYC, a follow up to the annual Licensing Expo event in Las Vegas in June. The event attracted 300 licensing attendees and examined trends shaping the industry, and it’s a growing industry. According to License! Global Magazine, the top 150 global licensors represented $259.9 billion of retail sales worldwide of licensed merchandise in 2014, an increase from 2013.

 

At Samsung C&T America, we work with a number of licensees of brands, including BB Dakota, Q4 and LJP International. Many of the themes from the Summit are relevant to our partners and any brands looking to grow their business through licensing.

 

1.     All about that brand, that brand. Customers love licensed products, but they want more than just a label. Customers want authentic brand experiences and products that tell a story and resonate with their lifestyle or the lifestyle they want to emulate.

2.     Meet me on the Web. Online sales will continue to increase in coming years, and will be an increasing cost for brands to do business, but it’s also a customer expectation. If your e-commerce isn’t up to snuff, it’s going to be detrimental to your business. 

3.     Think globally, act globally. Sales are increasing around the globe as consumers in growing economies demand American brands (and Americans discover global brands). Brands need to be prepared and think ahead to how they can reach potential customers around the world.

 

As we look ahead, we anticipate licensing will continue to be a driver of business and growth for companies who can capitalize on the market through acquisition of more licenses. What’s more, a diverse portfolio of brands insulates against economic conditions and headwinds, such as recessions, unseasonable weather or changing consumer preferences.

 

The benefits of licensing are numerous, and as a partner you can leverage the global awareness and credibility of the Samsung brand to expand your business through discovery and pursuit of world-class licensing opportunities.  Learn more about the Samsung solution for the fashion business.

 

Samsung: Business of Fashion Events

We are wrapping up a busy couple of months with events around the country - from MAGIC in Las Vegas to Licensing Summit in New York City. Tues. March 22, Michael Hahn, Vice President of Fashion at Samsung C&T America will participate in Fashion Group International’s “Staying in Business” panel at the FGI HQ in New York. Panelists will discuss how online business affects the way fashion companies are financed, how to develop a realistic business plan for today’s market and more. Michael will highlight Samsung’s fashion industry solution.

 

If you’re interested in learning more, you can join us at:

·         When: Tuesday, March. 22nd

            5:30-6 p.m. Reception

6-7 p.m. Program

·         Where: FGI HQ, 8 West 40th Street, 7th floor (between 5th and 6th avenues)

 

Register for the event here.

 

 

Business of Fashion News: Moving Your Fashion Brand into the Next Phase: Partnering with Samsung’s Wholesale Fashion Infrastructure Platform

Michael Hahn, Vice President at Samsung C&T America conducted a seminar for about 55 attendees at last week’s MAGIC trade show in Las Vegas. Hahn discussed Samsung C&T’s wholesale fashion business model which supports brands as they grow their business without giving up any equity.

Gloria Brandes Founder and CEO of contemporary apparel brand BB Dakota shared her story about working with Samsung C&T. BB Dakota has been utilizing the infrastructure platform since 2008, when Brandes said her company needed help taking things to the next level. “Samsung was exactly what we needed,” she told attendees. “We could plug into their system and go.” For Brandes, working with Samsung allowed her to “focus on what I’m good at, which is product.”

With Samsung as a partner, BB Dakota has increased their business every year and in 2015 launched Cupcakes and Cashmere’s first fashion collection.

Read more Samsung fashion industry success stories.

Business of Fashion News: Bruno Magli creates women’s line

 

Bruno Magli is bringing back its women’s line writes Alessandra Turra in Footwear News, and will feature a variety of styles and materials while maintaining Magli’s signature looks.

 Samsung fashion partner LJP International develops new collections for the Bruno Magli brand, in addition to licenses with top brands, including Nine West, Ben Sherman and Limited Too. LJP has experienced tremendous fashion business growth in recent years and 2016 is on track to be the best year yet in partnership with Samsung. 

 Read more fashion industry success stories

Fashion Industry News: Growing capital without sacrificing equity

For an entrepreneur, capital is king. In the business of fashion, companies need to raise money in order for their business to grow. A recent Entrepreneur article by Alex Iskold outlines the typical choices entrepreneurs face when thinking about capital.

 

Founders hate dilution. They are jealous of the equity in the company, because they believe in the vision and the opportunity. On one hand, the founders don't want to give up equity. On the other hand, they typically need capital to grow the business. Read more.

 

While it seems that founders have only one choice when raising capital – give up less equity to get less money or give up more equity to get more money – Samsung offers an alternative. Samsung works with growing fashion brands to purchase inventory and manage back-end logistics. Fashion partners retain full equity and control. They can focus on growing their brands and stop worrying about funding for inventory.

 

Learn more about Samsung’s solution for fashion brands.

 

Samsung: Business of Fashion Events

 

 

Our team will be making an appearance at several upcoming fashion industry events to help brands understand their biggest barriers to growth, learn more about the Samsung C&T solution and meet with potential fashion partners.

 

MAGIC, Feb. 16 – 18, 2016

At the premier event for fashion business, merchandising and retail, Samsung will host a seminar “Moving Your Fashion Brand into the Next Phase: Partnering with Samsung’s Wholesale Fashion Infrastructure Platform,” Feb. 17 from 3:45 to 4:45 p.m. at the Las Vegas Convention Center, North Hall, Room 2, Room N251.

 

Michael Hahn, Vice President of the Fashion Division for Samsung C&T America, and Gloria Brandes, Founder of BB Dakota will be discussing their partnership and how Samsung’s unique wholesale infrastructure platform has helped brands take the necessary steps to become major players in the market. Learn more.

 

Licensing Summit, March 1 – 2, 2016

Samsung is a sponsor of the two-day executive-level conference and networking event from License! Global and LIMA. Attendees will learn about the driving factors and changing dynamics of the global licensing industry. 

 

Fashion Group International, March 22, 2016

5:30 to 7:30 p.m.

FGI HQ, 8 West 40th Street

 

Join Samsung for “Staying in Business, A Financial GPS” panel event and reception with Fashion Group International. Learn:

·         How online business affects the way fashion companies are financed

·         How to develop a realistic business plan for today’s market

·         The current price of money and how to access financial resources

 

Michael Hahn, Vice President of the Fashion Division for Samsung C&T America will join representatives from Rosenthal & Rosenthal, 3.1 Phillip Lim and The Searchers Group for an engaging panel discussion around growing your fashion business. 

Fashion Industry News: Daymond John and The Power of Broke

 

 

Daymond John, founder of FUBU, star of Shark Tank and original Samsung C&T America success story, has released his new book, The Power of Broke: How Empty Pockets, a Tight Budget and a Hunger for Success Can Become Your Greatest Competitive Advantage. In his book he outlines his personal story from growing up in Queens, to launching FUBU, to Shark Tank. He gives readers a behind-the-scenes look at his success and how starting from nothing can be an asset rather than a liability.

 In a recent Forbes article by Dan Schawbel, John discussed his path to leadership and how he built FUBU from nothing. The article with John covers the importance of building a team, LL Cool J and John’s advice for future leaders. Read the whole article here.

 At Samsung, we are proud to be part of John’s team, having supported FUBU’s massive fashion business growth from virtually a startup company to sales of $200 million within 5 years.

 Read about other Samsung fashion partners.