From the Sector

• Metallic sheen and concealed safety

Net-like structures, metallic sheen, concealed safety, naturally-warming fabrics with Nilit® Heat yarn made of coffee charcoal and PFC-free bio technologies based on renewable raw materials are just some of the highlights of the Schoeller 2019/20 Winter Collection, developed and produced amidst the mountains of Switzerland. Color effects create metallic surfaces on functional textiles and exciting multi-colored looks with richly contrasting reverses.

METALLIC SHINE

The new schoeller®-spirit qualities provide grand style in winter 2019/20. The softly-flowing warp-knitted goods play with transparency and metallic looks. In forest green, silver or copper and aluminized reverse, this season’s  showpieces are also reflective. This play with light continues in the crosswise elastic lightweight with a reflecting dot design. This cool print with concealed safety in two-tone silver grey or khaki green ensures outstanding visibility at twilight. Additional water repellence is provided by the fluorocarbon-free ecorepel® Bio technology, based on renewable raw materials.

WARM FABRICS

The new schoeller®-dryskin qualities ensure a pleasantly warm body climate in winter 2019/20. Thanks to the insulating Nilit® Heat yarn on the interior, which captures and stores the body’s own heat, these fabrics warm the wearer naturally. This unique yarn produced using coffee charcoal posseses antibacterial properties and offers maximum clothing comfort at winter temperatures. The focused pants and jacket qualities in a variety of weights in fresh mandarin, deep aubergine, petrol or light stone also impress with their high abrasion resistance, ideal moisture management and reliable water repellence thanks to PFC-free ecorepel® Bio technology. The same natural heat retention is offered by the cozy schoeller®-naturetec in washable, mulesing-free wool and ecorepel® Bio in dark petrol, navy or rust.

MULTI COLOR

In addition to sustainable fabrics and technologies, winter 2019/20 is dominated by multi-coloration. The highly-elastic multi-colored schoeller®-prestige and schoeller®-dryskinqualities lead to completely new color effects and nuances. Ever-changing, exciting effects result from beautiful mossy greens and dark blue and grey variations to burnt henna and chocolate color combinations. Always with a contrasting color on the reverse, they are real eye-catchers which of course also impress in functional terms. In addition, the schoeller®-dryskin qualities are finished with the PFC-free ecorepel® Bio technology.

Nilit® Heat is a registered trademark of NILIT Ltd.

Beijing - Tencent Holdings Limited (“Tencent”) (00700.HK), JD.com, Inc. (“JD.com”) (NASDAQ:JD), and Vipshop Holdings Limited (“Vipshop”) (NYSE:VIPS), today jointly announced that Tencent, a leading provider of internet value-added services in China, and JD.com, China’s largest retailer, have entered into definitive agreements with Vipshop, a leading online discount retailer for brands in China, such that Tencent and JD.com will invest an aggregate amount of approximately US$863 million in cash in Vipshop at the closing of the transaction.

Pursuant to the share subscription agreement, Tencent and JD.com will subscribe for newly issued Class A ordinary shares of Vipshop in the amount of approximately US$604 million and approximately US$259 million, respectively. The purchase price will be US$65.40 per Class A ordinary share, which is equivalent to US$13.08 per American Depositary Share (“ADS”) of Vipshop, five of which represent one Class A ordinary share. The purchase price represents a 55% premium over the closing price of the ADSs as of the last trading day on December 15, 2017.

The transaction is expected to close in the near future, subject to customary closing conditions.  Upon the closing, Tencent and JD.com will beneficially own, taking into account any existing holding, approximately 7% and 5.5%, respectively, of Vipshop’s total issued shares. The Class A ordinary shares issued to Tencent and JD.com will be subject to a two-year lock up restriction. Tencent and JD.com will have the right to appoint a director and an observer, respectively, to Vipshop’s board of directors during the two-year lockup period. After the end of the lock-up period, for so long as Tencent and JD.com hold approximately 12% and 8%, respectively, of Vipshop’s total issued shares, or otherwise by mutual agreement with Vipshop, they will maintain director and board observer rights.

Concurrently with the entry of the share subscription agreement, Tencent and JD.com have entered into business cooperation agreements with Vipshop, effective upon closing, establishing a cooperative relationship among Tencent, JD.com and Vipshop. Under these agreements, Tencent will grant Vipshop an entry on the interface of Weixin Wallet enabling Vipshop to utilize traffic from Tencent’s Weixin platform, and JD.com will grant Vipshop entries on both the main page of JD.com’s mobile application and the main page of its Weixin Discovery shopping entry, and will assist Vipshop in achieving certain GMV targets through JD.com’s platform.   

“I am truly delighted about Vipshop's new strategic cooperation relationships with Tencent and JD.com,” said Mr. Eric Ya Shen, Vipshop’s Co-founder, Chairman of the Board of Directors and Chief Executive Officer. “This undoubtedly is an important event for Vipshop as well as China's e-commerce and internet industries. We, together with Tencent and JD.com, will leverage our respective strengths to form a strategic cooperative alliance aiming to achieve a deep, win-win cooperation and to benefit internet users and consumers. We will develop a holistic cooperation with Tencent on the Weixin platform and expand our strategic alliance with Tencent into more and broader areas.  We will explore win-win opportunities in multiple areas with JD.com, including establishing a strategic alliance in collaboration with brand suppliers, and an on-line traffic alliance. We will continue to operate as an independent e-commerce platform and further deepen and enhance our leading e-commerce capabilities in fashion (including apparel, shoes, bags and accessories) and cosmetics categories as well as our strong female user base, thereby offering higher value and better user experience to our customers.”

“The strength of Vipshop’s flash sale and apparel businesses, as well as its outstanding management team, create clear and strong synergies with us,” said Richard Liu, Chairman and CEO of JD.com. “This partnership will further extend the strong inroads that we have made with female shoppers, and will expand the breadth and reach of our fashion business. We continue to add the top-notch partners to complement JD.com’s core strengths, ensuring that JD and our partners provide the best customer experience for every shopping need.”

Martin Lau, President of Tencent Holdings, said, “We are pleased to become strategic investor in and partner with Vipshop. We look forward to providing Vipshop with our audiences, marketing solutions, and payment support to help the company provide branded apparel and other product categories to China’s rising middle class. We already see substantial demand from our users to discover, discuss and purchase branded apparel in our applications, and we believe that connecting our users more deeply to products on Vipshop’s platform will enrich their online experiences while benefiting Vipshop. We are proud of the role our resources such as marketing technology, payments handling, and machine learning play in facilitating a healthy and diverse retail ecosystem, online and offline.” 

About JD.com, Inc.

JD.com is both the largest e-commerce company in China, and the largest Chinese retailer, by revenue. The company strives to offer consumers the best online shopping experience. Through its user-friendly website, native mobile apps, and WeChat and Mobile QQ entry points, JD offers consumers a superior shopping experience. The company has the largest fulfillment infrastructure of any e-commerce company in China. As of September 30, 2017, JD.com operated 7 fulfillment centers and 405 warehouses covering 2,830 counties and districts across China, staffed by its own employees. JD.com is a member of the NASDAQ100 and a Fortune Global 500 company.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit www.vip.com.

About Tencent Holdings Limited

Tencent uses technology to enrich the lives of Internet users. Our social products Weixin and QQ link our users to a rich digital content catalogue including games, video, music and books. Our proprietary targeting technology helps advertisers reach out to hundreds of millions of consumers in China. Our infrastructure services including payment, security, cloud and artificial intelligence create differentiated offerings and support our partners’ business growth. Tencent invests heavily in people and innovation, enabling us to evolve with the Internet. Tencent was founded in Shenzhen, China, in 1998. Shares of Tencent (00700.hk) are traded on the Main Board of the Stock Exchange of Hong Kong.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, statements regarding the expected closing of the transactions and the quotations from management in this announcement are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to, those included in JD.com’s and Vipshop’s filings with the SEC and in Tencent’s filings with the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and none of Tencent, JD.com or Vipshop undertake any duty to update such information, except as required under applicable law.

• HPR is the highest status a plant can achieve for fire risk prevention and protection
• The site Ideal Fibres & Fabrics Comines is the second in the Beaulieu International Group to reach HPR status
• Underlines Group’s commitment to risk prevention at B.I.G. sites & to reinforcing our strong business contingency plan

Wielsbeke, Belgium – Beaulieu Yarns, the global supplier of high-quality polyamide and polypropylene yarns, is pleased to announce the achievement of Highly Protected Risk (HPR) status for its French production site, Ideal Fibres & Fabrics Comines. Awarded by FM Global, HPR designation means a facility meets the highest industry standards for property protection.

FM Global, Beaulieu International Group’s (B.I.G.) industrial property and business interruption insurer for the past two years, offers a unique concept that supports the Group in reducing its exposure to loss and increases its business resilience. A dedicated worldwide team of engineers focuses on providing assistance and protection of its assets, helping the Group to achieve a higher level of risk protection.

The Ideal Fibres & Fabrics Comines site produces high quality yarns for a large variety of application and market segments including the automotive industry. It scored exceptionally well in its FM Global assessment which focused on aspects including fire protection, protection against natural hazard, mechanical breakdown of machinery and also cyber risks.

Its overall risk mark of 76 ranks it within the top 25% of its industry for fire risk prevention and protection.

Commenting on the Award, Emmanuel Colchen, Global Sales Director Yarns within BU Beaulieu Engineered Products, said: “This HPR yarn production site reinforces strongly our supply chain security and demonstrates our engagement towards our customers and partners. Our contingency planning and risk management are essential, well-considered elements within our long-term business strategy to demanding sectors such as Automotive and Commercial & Residential floor covering contracts.”

Ideal Fibres & Fabrics Comines is the second facility in the Group to attain HPR status, and the very first in Europe. Pinnacle Polymers LLC in the USA also achieved the HPR as a chemical plant, which is a rare achievement within the chemical business. Fire risk prevention is part of the Group’s broader risk management activities. B.I.G. is investing in increasing the level of protection at all B.I.G. plants in order to protect its business continuity.

The divisions of B.I.G. are also implementing a number of safety programmes to raise awareness of workplace safety and to maintain strong safety records.

Karena Cancilleri, Vice President BU Beaulieu Engineered Products, commented: “I am proud of Beaulieu Yarns for achieving the highly-regarded FM Global HPR Award and setting an example for the whole Beaulieu International Group. This positive step reflects the strong commitment of the Engineered Products division and the rest of the Group to improving safety and protecting our workplaces and our production facilities.”

Beaulieu Yarns received the HPR Award at a ceremony on November 7, 2017 attended by all staff, and representatives of B.I.G. Management, Beaulieu Yarns Management and FM Global Management.

Bobingen - The Trevira City fair stand, which was presented at Orgatec 2016 in Cologne, has been nominated for the Famab Award in the category architecture. The Famab Award is a highly renowned award for integrated brand experiences. The award is presented to important international projects in temporary and permanent architecture or interpersonal communication.

Head of Marketing Anke Vollenbröker: “We are delighted that the stand concept, which was designed for us by the interior designers at raumkontor, has been nominated for the important Famab Award. We are already extremely excited to see whether Trevira City will be awarded the Bronze, Silver, or Golden Apple at the award ceremony in the Forum am Schlosspark in Ludwigsburg on 23 November.”

The Trevira City, which was developed by the interior designers at raumkontor and realised by Buchhold and Glindemann GmbH, took up the fair’s theme: “New Visions of Work”. Trevira City, which comprised eight houses made of fabric, showed textile solutions for modern work environments. It offered a new perspective on modern work environments where the borders between working and living become blurred, thereby demanding new approaches to design. In between the houses, an open space was created that stands for the central themes of efficient work processes: communication, creativity, inspiration, networking, and motion.

The fibre manufacturer, who was a first time exhibitor at Orgatec, presented its stand in collaboration with six fabric partners who showcased their products in one of each of the houses: Baumann Dekor, Casalegno Tendaggi, Fidivi, Hohmann, Müller Zell, Pugi. The various facets of the exhibition display the huge range of possibilities created by the participating manufacturers with their Trevira CS products.

Other fabric suppliers also contributed to the textile furnishings of the fair stand. Création Baumann, JAB Anstoetz, Mattes & Ammann, and Silent Gliss were the sponsors for the textile decorations in the two Trevira houses.

ILUNA Group and ROICA™ continue their close partnership to present the most “advanced” and responsible innovations to the market today. ILUNA GREEN LABEL lace collections made with premium stretch thanks to the use of the unique ROICA ™ Eco Smart GRS certified family- now offer the next evolution: a new stretch Galloon lace to be combined with mesh and lace fabrics collections, now fully made with GRS certified materials. This new evolution offers the right choice to contemporary consumers in products that are beautiful, high quality and sustainable.
This is in addition to a decision last year when the ILUNA GROUP converted all their stretch yarn exclusively to the unique ROICA™ Eco Smart family for all of its top of the range jacquardtronic and Textronic articles.
To reinforce this commitment, ILUNA can also celebrate its new STeP (Sustainable Textile Production) certification by Oeko-Tex, a certification that clarifies and communicates the company’s sustainable production commitment regarding manufacturing and processing to all its partners and customers in a transparent, clear manner.
Fashion & ILUNA feature on the catwalk in Paris with the ‘Momenti Di Passione’ fashion show at the Interfiliere salon on 8th to 10th July. Here you will be able to enjoy a dazzling and exciting new range of bold ECO flocking beachwear & cover up.
And at the show, breakthrough fabric designs from ILUNA show a revolutionary quality in the new Burano collection: a range of decorative, macramé precious pattern effects that are diaphanous and semi-sheer styles that use at their heart the ROICA™ Eco Smart premium stretch family exclusively.

C.L.A.S.S., the leading eco-material hub based in Milan and specialized in the integration of a new generation of smart values within fashion and home décor, presents the new SS 2018 collection through its partners, highlighting the new generation of values as innovation, research, creativity, traceability, transparency and sustainability. A very new business model and a real supporting tool for companies (not only the “fashion” ones) for lower environmental impact productions. A new concept that contributes to improve the quality of life, properly answering to cultural changes and to consumer’s new mind-set that links excellence to smarter products.

So, an evolved collection technologically advanced… available for the interested companies:
• At C.L.A.S.S. Material Hub in Milan Headquarter in Viale Vittorio Veneto, 8 (only by appointment) or
• in occasion of World C.L.A.S.S. tour in several cities around the world: London, New York, Barcelona, Madrid, Copenhagen and Amsterdam! Taking a C.L.A.S.S Private Sourcing Sessions, brands can discover (under request) C.L.A.S.S S/S 2018 collection.