logo
EXCLUSIVE: Nanushka Pops Up in Paris, Eyes Experiential Retail Expansion

EXCLUSIVE: Nanushka Pops Up in Paris, Eyes Experiential Retail Expansion

Yahoo2 days ago
PARIS — Nanushka is planting roots in Paris — at least through winter — with a six-month pop-up opening Thursday inside Galeries Lafayette, the next big step in the brand's global growth plan.
'Paris is going to be a strategic focus for Nanushka in this upcoming period,' said cofounder and chief executive officer Peter Baldaszti. 'We know, based on data and demand for the brand, that France is a very fast-growing market for us. It felt like the right move to test the market more with a bit of a brick-and-mortar experience on a smaller scale.'
More from WWD
Brown Thomas Supports Homegrown Talent Robyn Lynch With Exclusive Capsule
EXCLUSIVE: Fashion Rental Reduces Environmental Impact, According to New Study From The Volte
Bal Harbour Shops' Roving Mini Mall on the Road Again
The brand already has flagships in Budapest, London and New York, and has imported Nanushka's design DNA into an 88-square-foot physical space, a petite spot of prime real estate next to the highly trafficked Skims on the second floor of the historic department store.
Anchoring the design is a hand-carved wooden totem pole featuring the house's Kopjafa symbols, a nod to the brand's Hungarian roots. Other artisan details include bespoke shell lighting, Rubelli fabric from Venice on the walls, 17th-century Italian wrought iron nails, and French plaster applied by hand. Cushions were handmade in Budapest using surplus Nanushka fabric, finished with the label's proprietary vegan leather, Okobor.
'It also allows us to start at the right scale, so it's not immediately a huge jump into flagship opportunity,' Baldaszti added.
The pop-up will house three seasonal collections, pre-fall, winter and pre-spring through January, and particularly important through the holiday shopping season.
The space also sets the stage for the launch of Nanushka's third handbag, the Harmonica, which will launch globally in October. Inspired by Hungarian folk music instruments, the new bag follows the success of the Origami tote and the Sandi top-handle.
'Bags are very significantly a growing part of the business for us, but we are taking slow and conscious steps on that,' Baldaszti said. 'It's one of my favorite areas of fashion. Bags are particularly interesting because they have to somehow be able to represent the whole brand universe in a very small way.'
Despite being 'quite late to the bag game,' Nanushka's accessory business is 'growing in the triple digits,' he noted.
'We also tried to carve out our own niche in the space aesthetically,' he added, citing the Origami bag's distinctive silhouette and crochet detail — 'very Nanushka' — instantly recognizable but notably spared of any loud branding.
Beyond product, the brand is committed to deepening its physical presence in key markets. 'E-commerce is very transactional for me, and a very pragmatic, utilitarian experience, while a physical space has to be much more — you have to touch all the senses. You have to build chemistry with the customers,' Baldaszti said. 'For Nanushka, the future is certainly in the right brick-and-mortar stores, where we can find meaningful ways to connect with customers.'
Its business is 'very equally split' in thirds across e-commerce, retail and wholesale, he said.
The brand bravely opened its London flagship mid-pandemic, and the U.K. remains challenging, he said. But Baldaszti still maintains confidence there. 'We still have a huge trust in that market, and we have a strong customer base.'
The London flagship will undergo a facelift this fall with additional hospitality experiences. Nanushka explored experiential early on, with its bookshop-boutique-café combo in Budapest opening in 2018.
'Just experimenting with a space in Paris and connecting with the community,' he said of ideas they will be testing out. 'I think we will find new ways, when the right time comes, to enter the French market [with a flagship].'
France is among Nanushka's fastest-growing markets, now expanding 'well more than double digits' across online and wholesale. The brand also maintains a presence in Le Bon Marché and Samaritaine Paris.
Still, the U.S. remains Nanushka's largest market, with future plans to extend the Galeries Lafayette model to strategic U.S. wholesale partners. In China, the brand has opted for a digital-first strategy via its Tmall flagship, citing a 'quite challenging' retail environment which caused it to pull back its physical presence there, while it continues strong online performance.
Nanushka's growth continues to be firmly rooted in cofounder and creative director Sandra Sandor's sustainable design ethos. 'It has become more institutional and more strategic for us after we realized that it makes sense to talk about it, because we can also influence other brands and influence customers,' Baldaszti said.
Sustainability, including the use of Okobor — its proprietary vegan leather made from 56 percent recycled polyester and 44 percent polyurethane — remains an integral part of the brand's identity.
The brand, which presented in Paris for fall 2022 and held a runway show in New York for spring 2025 has opted out of showing for the upcoming season, which will be bursting with big designer debuts.
'With our resources, it's kind of impossible to compete with the powerhouses,' he said, still hinting at future plans. 'But there will be a good moment for us to return to the Paris Fashion Week schedule.'
In the meantime, they are 'looking into some alternative ideas on how to engage and how to present the collection' this fall, and will host an opening event in the Galeries Lafayette space in September.
Best of WWD
Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates
Inside the Demise of Lord & Taylor
COVID-19 Spikes Elevate Retail Concerns
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal
Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

San Francisco Chronicle​

time2 minutes ago

  • San Francisco Chronicle​

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

HONG KONG (AP) — A Hong Kong conglomerate that's selling ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal. CK Hutchison Holdings' initial plan to sell port assets in dozens of countries to a group that includes U.S. investment firm BlackRock Inc. pleased President Donald Trump, who has alleged that China interferes with the critical shipping lane's operations in Panama. However, they apparently angered Beijing and drew a review from Chinese anti-monopoly authorities. A Hutchison subsidiary has operated ports at both ends of the Panama Canal since 1997. After months of uncertainty brought by tensions between Washington and Beijing, Hutchison said in a statement that the exclusive negotiations period with the consortium has expired. However, it added 'the Group remains in discussions with members of the consortium with a view to inviting major strategic investor from the PRC to join as a significant member of the consortium,' referring to the People's Republic of China. It said they needed to change the membership of the consortium and the structure of the transaction for the deal to be able to pass reviews by 'all relevant authorities." The awkward position Hutchison found itself in for months highlights the challenges Hong Kong business elites face in navigating Beijing's expectations of national loyalty, especially when relations between China and the United States are strained. Hong Kong has overhauled its electoral system to ensure the city is run by 'patriots.' CK Hutchison is owned by the family of Hong Kong's richest man, Li Ka-shing. It announced March 4 that it would sell all its shares in Hutchison Port Holdings and in Hutchison Port Group Holdings to the consortium that also includes BlackRock subsidiary Global Infrastructure Partners and Terminal Investment Limited, a subsidiary of the Mediterranean Shipping Company. In May, Hutchinson co-managing director, Dominic Lai told shareholders that Terminal Investment was the main investor. Its parent company is led by Italian shipping scion Diego Aponte, whose family reportedly has a longstanding relationship with Li's. The initial deal, valued at nearly $23 billion including $5 billion in debt, would have given the consortium control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the canal. That agreement also required approval from Panama's government.

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal
Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

The Hill

time32 minutes ago

  • The Hill

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

HONG KONG (AP) — A Hong Kong conglomerate that's selling ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal. CK Hutchison Holdings' initial plan to sell its port assets to a group that includes U.S. investment firm BlackRock Inc. pleased President Donald Trump, who has alleged that China interferes with the critical shipping lane's operations in Panama. However, they apparently angered Beijing and drew a review from Chinese anti-monopoly authorities. A Beijing-backed newspaper posted scathing commentaries about the deal, with one describing it as a betrayal of all Chinese. Beijing's offices overseeing Hong Kong affairs have reposted some of these commentaries, widely seen as an indication of Chinese leaders' stance. A Hutchison subsidiary has operated ports at both ends of the Panama Canal since 1997. After months of uncertainty brought by tensions between Washington and Beijing, Hutchison said in a statement that the exclusive negotiations period with the consortium has expired. However, it added 'the Group remains in discussions with members of the consortium with a view to inviting major strategic investor from the PRC to join as a significant member of the consortium,' referring to the People's Republic of China. It said they needed to change the membership of the consortium and the structure of the transaction for the deal to be able to pass reviews by 'all relevant authorities.' The awkward position Hutchison found itself in for months highlights the challenges Hong Kong business elites face in navigating Beijing's expectations of national loyalty, especially when relations between China and the United States are strained. Hong Kong has overhauled its electoral system to ensure the city is run by 'patriots.' CK Hutchison is owned by the family of Hong Kong's richest man, Li Ka-shing. It announced March 4 that it would sell all its shares in Hutchison Port Holdings and in Hutchison Port Group Holdings to the consortium that also includes BlackRock subsidiary Global Infrastructure Partners and Terminal Investment Limited, a subsidiary of the Mediterranean Shipping Company. In May, Hutchinson co-managing director, Dominic Lai told shareholders that Terminal Investment was the main investor. Its parent company is led by Italian shipping scion Diego Aponte, whose family reportedly has a longstanding relationship with Li's. The initial deal, valued at nearly $23 billion including $5 billion in debt, would have given the consortium control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the canal. That agreement also required approval from Panama's government. The deadline for their exclusive negotiation period ended on July 27.

Trump and Ursula von der Leyen to meet for high stakes trade talks as clock ticks on tariff deadline
Trump and Ursula von der Leyen to meet for high stakes trade talks as clock ticks on tariff deadline

New York Post

time15 hours ago

  • New York Post

Trump and Ursula von der Leyen to meet for high stakes trade talks as clock ticks on tariff deadline

President Donald Trump is meeting Sunday with European Commission chief Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates with the White House's deadline to impose stiff import taxes looming this week. Trump continued his golfing weekend at his course in Turnberry on the southwest coast of Scotland with a group that included sons Eric and Donald Jr. and their wives. The Republican president waved at reporters and listened to shouted questions about the prospect of reaching a European Union deal during his private afternoon meeting with von der Leyen, but he offered no comment. Trump's five-day visit to Scotland is built around golf and promoting properties bearing his name. Advertisement 5 President Donald Trump waving at reporters ahead of his meeting with European Commission chief Ursula von der Leyen in Scotland to discuss trade. AP 5 Trump was at his golf course in Turnberry with a group that included Donald Jr. AP 5 Trump's five-day visit to Scotland was for golf and promoting properties bearing his name. AP Advertisement A small group of protesters at Turnberry waved American flags and raised a sign criticizing British Prime Minister Keir Starmer, who plans his own Turnberry meeting with Trump on Monday. Other voices could be heard cheering and chanting 'Trump! Trump!' as he played nearby. On Tuesday, Trump will be in Aberdeen, in northeastern Scotland, where his family has another golf course and is opening a third next month. The president and his sons plan to help cut the ribbon on the new course. Trump for months has threatened most of the world with steep tariffs in hopes of shrinking large U.S. trade deficits with many key trading partners. The EU has been no exception. 5 Protesters at Turnberry waved American flags and raised a sign criticizing British Prime Minister Keir Starmer, who is planning to meet with Trump on Monday. REUTERS Advertisement 5 Without a deal, the EU says it is prepared to retaliate with tariffs on hundreds of American products. AP Trump has said 'we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU.' He also suggested that any deal would have to 'buy down' the currently scheduled tariff rate of 30% on the bloc of 27 member states. The U.S. and EU seemed close to a deal earlier this month, but Trump instead threatened a 30% tariff rate. Trump's original deadline has passed, delayed until at least Friday. Without a deal, the EU says it is prepared to retaliate with tariffs on hundreds of American products, ranging from beef and auto parts to beer and Boeing airplanes. Advertisement If Trump eventually makes good on his threat of tariffs against Europe, it could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the United States. Trump recently said he thought the odds of reaching a framework with Japan was 25%, but the allies announced an agreement this past week. His focus on trade has followed him to Scotland. On Saturday, he posted on his Truth Social platform that he would block any trade deals between the U.S. and Cambodia and Thailand because of their violent clashes along long-disputed border areas. Trump wrote that he spoke with Cambodian Prime Minister Hun Manet and Phumtham Wechayachai, the acting prime minister of Thailand, to call for a ceasefire. Both countries, Trump said, want to 'get back to the 'Trading Table' with the United States, which we think is inappropriate to do until such time as the fighting STOPS. … When all is done, and Peace is at hand, I look forward to concluding our Trading Agreements with both!' The U.S. and Britain, meanwhile, announced a trade framework in May and a larger agreement last month during the Group of Seven meeting in Canada. Trump says that deal is concluded and that he and Starmer will discuss other matters, though the White House has suggested it still needs some polishing.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store