Latest / The Retail Podcast / Five Things Friday EU Edition Petit Bateau → Regent, Kering–Valentino 2028, EU Retail Media Shake‑Up

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Five Things Friday EU Edition Petit Bateau → Regent, Kering–Valentino 2028, EU Retail Media Shake‑Up · The Retail Podcast

• 0:00
  Hello, It's Friday. We're focused on Europe.
• 0:02
  Welcome to five things. EU edition.
• 0:17
  Alex, how are you? I'm good, thank you.
• 0:21
  Excited about NRA Europe next? Only only a few days until we're
• 0:25
  all going to be congregated in your home country beasting your
• 0:29
  fabulous cuisine, your awful traffic.
• 0:32
  I don't know what the weather is going to be like.
• 0:34
  Last year the weather was fantastic.
• 0:35
  I don't know what the weather is going to be like, but anyway,
• 0:37
  only two days left or three days left when you you said you're
• 0:41
  coming out on what they. Wednesday and Thursday.
• 0:44
  OK, well, I, I'm so excited. I'm going to be there from
• 0:47
  Monday. Wow.
• 0:48
  Yeah. I'm really excited, but it's
• 0:50
  looking too, but it's going to be a fantastic event.
• 0:52
  With that, let's let's get straight into this and I think
• 0:55
  you've got a fantastic new story to kick us off.
• 0:58
  Yes. So actually I'm going to start
• 1:02
  this one with the question for you, Alex.
• 1:04
  OK. Have you ever shocked for a
• 1:06
  second hand DIY items online negative in Ted or marketplace.
• 1:11
  No, and I buy a lot of tools and I buy them new.
• 1:14
  Oh, well, so that's, that's a good, it's a good moment to
• 1:18
  switch. Yeah, because I'm going to talk
• 1:20
  about the new retailer called Kishko.
• 1:24
  I'm not sure if I'm pronouncing it right, but it's also called
• 1:27
  The Vintage of DIY. The company started in Belgium
• 1:31
  and has been active in France for about a year now.
• 1:34
  So this is a platform that connects individuals and
• 1:37
  professionals to buy, sell or rentals, including building
• 1:41
  materials, gardening equipment and even home appliances,
• 1:46
  whether new or second hand. And what?
• 1:49
  The reason why I chose this article today is because they
• 1:54
  are going one step further with adding a new service, which is a
• 1:57
  repair service. So user can not only now resell
• 2:02
  or rent the DIY equipment but also have it repaired.
• 2:05
  So it could be done either by users or by professionals as
• 2:10
  well, which is very interesting. I think it's it's a great
• 2:13
  additional way to give equipment a second life and to strengthen
• 2:18
  the the circular economy and the DIY and home renovation sector.
• 2:22
  So let's. I love it and I think it's, and
• 2:25
  I've heard this before because a lot of the times people have
• 2:28
  said, you know, most of the time when you buy one of these,
• 2:31
  imagine a drill, you use it once and then it's sat in your garage
• 2:35
  or in your whatever, you keep your garage.
• 2:37
  So wherever you keep your tools. And so I think for a younger
• 2:42
  generation that doesn't potentially want to go and spend
• 2:44
  large amounts of money on DIY equipment, it makes it makes so
• 2:49
  much sense. I will.
• 2:51
  I will investigate. Yeah.
• 2:55
  Please do stop by you, yeah. Exactly, you love DIY and you do
• 2:58
  this every weekend. I.
• 2:59
  Don't love DIY, my wife loves DIY.
• 3:02
  I am just a worker so I have all of the tools, everything.
• 3:06
  I wouldn't want a laser straightening thing which is
• 3:09
  amazing for when you're putting shelves up anyway.
• 3:12
  This is not the DIY shows. You're a lucky man.
• 3:15
  And the company, sorry, just say it's it's it was founded by the
• 3:20
  entrepreneur, Brussels based Marin Emery.
• 3:23
  This company was born out of the sharp rise in construction
• 3:28
  material costs since 2020. And so the way it works is that
• 3:32
  sellers can list items for free and buyers or renters pay a 5%
• 3:38
  Commission with the option as well to meet face to face in
• 3:42
  order to avoid these fees. They also have a mobile app to
• 3:46
  make things easier and they have plans to roll out their services
• 3:50
  across Europe. So really excited to see how how
• 3:53
  it's going to roll out in in the future.
• 3:56
  I might do this right because I'm looking at this and thinking
• 3:58
  in in like 4 or five rentals I've paid for the for the drill
• 4:02
  might be a little little good enterprise for me.
• 4:05
  Yes, if the retail podcast doesn't work out, I'll go into
• 4:08
  hiring Halo moving on caring. So caring delay, delay.
• 4:12
  Reuters are reporting that Caring delays full value 17, our
• 4:16
  acquisition to 28 amongst their depth concerns, which in the
• 4:21
  world of luxury we're seeing a lot of transformation due to the
• 4:25
  pressure from the consumer, due to the pressure from other weak
• 4:29
  market and the Chinese shoppers slowing down in its consumption
• 4:35
  of European luxury brands. And Caring are the owners of a
• 4:40
  Gucci which has been suffering recently.
• 4:43
  And as you can see, Reuters reporting that Caring debt
• 4:46
  stands at €9.5 billion, impacting its acquisition pans.
• 4:51
  So I don't think they've called it off.
• 4:53
  They've just said that they're going to put it back as I think
• 4:56
  they need to look at their financing and how they get
• 4:59
  things in shape. But Caring is a huge, huge
• 5:02
  luxury house with lots of luxury brands and I, and I don't know
• 5:08
  if this is a shape of things to come.
• 5:10
  Are we moving into an era where the luxury market is reshaping
• 5:14
  and reforming? Maybe we are.
• 5:17
  Maybe we are moving on. So this next topic is about a
• 5:21
  brand that you you may know called Betty Bato.
• 5:25
  It's a famous French children's family clothing brand founded in
• 5:30
  1920. And it was just bought by the
• 5:34
  American investment group Regent, which also owns Dim, the
• 5:39
  French underwear brand. And this is part of a wider
• 5:43
  trend in France lately, where iconic French brands like, for
• 5:47
  example, new pyromba or even Dolipan, the, the the medicine
• 5:53
  have ended up under foreign ownership.
• 5:57
  And this is the case of petty battle now.
• 5:59
  So what is going to happen to them now?
• 6:02
  So they will still have their factory and logistics sites in
• 6:06
  France, in Trois, more precisely, Trois is a city in
• 6:11
  northeast France and most of its employees will remain in France.
• 6:17
  And sales hopefully will grow slightly thanks to the the
• 6:22
  e-commerce. But now, now the biggest
• 6:24
  decisions will be made abroad, and even though the brand stays
• 6:29
  French in its heart and being owned by an American group could
• 6:34
  change its strategy and identity over time.
• 6:38
  So I'm very curious about what's gonna happen.
• 6:41
  But on the other hand, I don't think a foreign ownership is
• 6:46
  always bad because the Tibeto could have struggled or even
• 6:51
  disappeared if no one came in. So it now has a chance to
• 6:56
  explain globally while staying a bit of the French brand,
• 7:00
  hopefully. Yeah, I think it's a, it's a
• 7:02
  model that we've seen in CPG, right, where brands that have
• 7:06
  exist, I mean, they they started in 1893.
• 7:10
  So I mean it's an incredible story.
• 7:12
  And obviously it gets to a point where they are probably
• 7:16
  fantastically ready for global expansion because of the
• 7:19
  heritage they've got that they just probably don't have the
• 7:22
  money and so be interesting to watch.
• 7:24
  I think when it's done right, it's great for the brand, it's
• 7:27
  great for the investors, but you know, I it depends on how it's
• 7:31
  executed to do what comes in. That story is on the Fashion
• 7:34
  network just in case you're watching this and you can see.
• 7:37
  So please I'll put the links in the show notes.
• 7:40
  Go to the Fashion Network for the full story.
• 7:44
  Staying with Reuters again and luxury, Giorgio Armani will
• 7:49
  instruct to gradually sell fashion brand or seat an IPO.
• 7:54
  Now it's interesting why they're doing this at this time in terms
• 7:59
  of the what's happening as as we just said with the the story,
• 8:03
  but with the late fashion design journal instructing is as to
• 8:07
  sell 15% stake in the Italian fashion house. 18 months later
• 8:12
  transferred an additional still and you can you can sit here
• 8:15
  additional 30% to 54% to the same buyer between three and
• 8:20
  five years after his death, according to the will revoke.
• 8:24
  I'm sorry, reviewed by Reuters and it's an alternative to the
• 8:28
  initial public offering, which I I I'm not a fashion connoisseur,
• 8:33
  so I can't talk about how relevant Giorgio Armani is
• 8:38
  beyond its traditional where it's done really well.
• 8:42
  And again, is this a brand that we've seen that could
• 8:45
  potentially sort a new heights or is this a brand that sort of
• 8:49
  had its day and maybe fading and this is a way to look at how
• 8:54
  they're going to inject capital into into this brand to see what
• 8:59
  what's going to happen? Again, I'm not an expert in this
• 9:02
  area to be able to say is it going to go one way or the
• 9:05
  other? But for me, it's more of an
• 9:06
  interesting statement of another luxury brand looking at the way
• 9:10
  that it's going to structure itself over the next 5-10 years.
• 9:15
  And we can only watch the story again.
• 9:17
  This is on Reuters. If you want, the link will be in
• 9:20
  the notes. And finally.
• 9:23
  Moving on to grocery retail and more specifically retail media
• 9:28
  and so Ocean and I've just announced a new alliance and for
• 9:33
  context, Ocean is one of France biggest supermarket in
• 9:37
  hypermarket chains and the Muscatar is a French retail
• 9:41
  group best known for it's Antel marshes supermarkets.
• 9:45
  And the true this is unusual. The two groups are now combining
• 9:50
  their retail media businesses so both Values and Infinity
• 9:55
  advertising to create what they call the European leader in the
• 10:00
  field so they will cover more than 10,000 stores across six
• 10:05
  countries. What?
• 10:06
  Yeah, I can see Leroy Merlin is here as well.
• 10:09
  So home improvements as well. Exactly with the strong digital
• 10:14
  audience. And this move shows how quickly
• 10:19
  retail media is consolidating in Europe.
• 10:22
  Ocean and Marche clearly want to rival Carrefour and pubisis, and
• 10:28
  pubisis is quite big in that field.
• 10:31
  And so the battle is heating up. And it's clear that nowadays
• 10:35
  retailers don't just want to sell groceries, they also want,
• 10:39
  you know, a, a, a slice of the advertising market.
• 10:43
  So it's interesting, interesting to see.
• 10:46
  And yeah, this is unusual to see an alliance like that.
• 10:49
  So I'm really looking forward to to see how it's going.
• 10:52
  Yeah, it's an interesting one because in the UK version of
• 10:55
  this show, I covered Morrison's and Instacart.
• 10:58
  And Instacart is a network of retail media or grocery in the
• 11:05
  US and obviously they have a trolley that has a screen on it,
• 11:09
  but they're Morrison's as the first UK retailer.
• 11:12
  And for Instacart is the first outside of the US deploying
• 11:16
  this. And and this is driven by,
• 11:19
  again, how do they generate revenue from, from CPG
• 11:24
  companies? So this is super, super
• 11:25
  interesting. And the fact that it's across
• 11:27
  Europe as well, it's not just in France, it's it, it's where was
• 11:31
  it? It was like in Spain, in Italy
• 11:33
  there is France, Belgium, Italy, Poland, Spain and Portugal.
• 11:37
  So this is what the big network that they've, they're creating
• 11:41
  so well, really interesting to see really good.
• 11:44
  OK with that. I will see you next week at NRF.
• 11:48
  Yes, in person. Yeah, in person finally.
• 11:50
  Well, actually I think I saw you in April in person, Yes, but now
• 11:54
  I get to see you again in in Paris.
• 11:56
  So it's wonderful having someone who's local because I'm sure
• 11:59
  you're going to take me to all the coolest retail hotspots in
• 12:03
  NRFI mean it's like outside. So OK Alex, until next week,
• 12:08
  look forward. To yes.
• 12:09
  Until next week, yes. Thank you.
• 12:11
  Bye.