TikTok Shop was launched in France at the end of March, and since then the marketplace has grown from featuring 5,000 sellers to approximately 16,500 at the end of September. TikTok is usually cagey about figures, but the information was provided by Arnaud Cabanis, the platform’s head of France and southern Europe, at the Tech for Retail trade show held in Paris on November 24-25.
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Cabanis spoke on the event’s second day, following a very busy opening day, according to the exhibitors interviewed by FashionNetwork.com. The event showcased 415 exhibitors this year, more than in the last edition.
Cabanis touted the advantages offered to retailers by the Chinese social commerce platform, which is said to currently have 27.8 million users in France, and to have attracted fashion accessories brands like Cabaïa and Izipizi, and cosmetics brands like Respire, For.Me, Kerargan and l’Atelier du Sourcil. “Gen Z consumers [13 to 28-year-olds] are said to number approximately 9 million in France, and we think we’re reaching all of them,” said Cabanis, underlining they are a highly connected clientèle, and one that is above all “extremely demanding” when it comes to brands. “People aren’t on TikTok to watch brand content. Our social graph is driven by content, not by users,” he added.
On this, Cabanis sounded a warning to his audience, saying that influencers are seemingly becoming less relevant. “Nowadays, nearly two thirds of French people say they’re watching content by influencers they aren’t following, on platforms like TikTok”, he said.
Since brand content and influencer marketing are really no longer relevant on TikTok, Cabanis advocated a shift towards user-generated content. Brands can showcase content promoting their products that is generated by third parties. A practice that, since it is possible to detect whether specific content is brand-disseminated, is pushing many content creators to vie for originality.
TikTok Shop France – DR
A marketing manna that TikTok Shop has been tapping in France since April. “This has been the key to monetising pre-existing product content,” said Cabanis. He reminded his audience that shopping on social media, long predicted and expected, is now well established. “Four out of five Gen Z users are now buying directly through social commerce,” he said.
A phenomenon that is benefiting another commercial practice which seems to have taken longer than expected to become mainstream in Europe, that of live-shopping sessions. “TikTok Shop now enables us to overlay these sessions on the corresponding shopping page,” said Cabanis, indicating that 860 daily sessions are currently being scheduled in continental Europe, generating 18% of TikTok Shop’s revenue in the region.
TikTok Shop, where beauty and fashion unsurprisingly predominate – ahead of other consumer products, household goods and electronics – is said to have tripled its revenue in France since it was launched, according to internal estimates, though TikTok did not disclose any official data.
The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.