The actual bankruptcy of Karstadt, the finish of Bread & Butter, and also the entry of Chinese language companies were a few major headlines which dominated in Indonesia, writes Regina Henkel.

Both an array of problems and numerous new developments made the style headlines in 2015. The actual exhibition landscape transformed significantly, and retail remains challenged by the actual ever-growing relevance associated with e-commerce. And while classical retail is attempting to stabilize its business, online giants tend to be battling against one another.

The bankruptcies

Almost a permanent fixture within the headlines was division store group Karstadt. The bankruptcy from the Arcandor mother organization, which itself proceeded to go insolvent six in years past, will still consider "many years" to locate its footing once again, the liquidator stated in November, based on the German Press Company. The reasons had been mainly litigations, including those towards numerous former managers from the group, like previous top executive Jones Middelhoff. In just about all, 37, 500 creditors are requesting €1. 2 million, according to the report from the liquidator. At the same time frame, reports of property sales of Karstadt stores happen to be coming in.

Another bankruptcy that affected the style industry was the finish of Bread & Butter. Within December 2014, the bankruptcy sounded just like a drumbeat through the actual denim and sportswear business. Although the display reported repeatedly regarding lower exhibitor as well as visitor numbers, the actual daring plans associated with CEO Karl-Heinz Muller polarized the actual denim community, and also the end of the actual show came for a lot of quite abruptly. But much more surprising was this news of the takeover from the fair by the actual Berlin e-commerce huge Zalando. His concept: Bread & Butter should continue to occur due to Tempelhof Airport in Berlin but forget about as a reasonable, but as the fashion event with regard to consumers. The premiere from the new concept that Muller had desired to realize earlier but had failed because of the resistance from brands has already been scheduled for The month of January 2016. But within December, the Berlin Senate decided how the Tempelhof Field and also the halls of the actual former airport will be used as refugee shelters before the end of 2019. Consequently, Zalando now has to find a new area for Bread & Butter. The actual proposed January occasion was, therefore, delayed.

Also, Escada struggled with the year. In This summer, the fashion content label announced that it would need to cancel about 200 jobs within the next two years. In the company's headquarters in Munich, some 150 employees needed to go. The job cuts are a part of a restructuring program, which is targeted to reposition the organization since the leaving of former BOSS Bruno Salzer.