Chinese fashion photographer in Dior controversy apologizes

BEIJING (AP) — A renowned Chinese fashion photographer has apologized for her past work after online critics called it insulting to the Chinese people and fashion house Dior removed one of her photos from a show in Shanghai.

Chen Man acknowledged the criticism of her earlier work, including “Young Pioneers,” a series of images of a young model with backdrops of major landmarks such as China’s massive Three Gorges Dam or with an image of the country’s first lunar orbiter flying out from under her dress.

The criticism was reported by the state-owned Global Times newspaper, which said that comments on social media had called her work “implicit child pornography and insulting the young pioneers,” the name of a Communist Party-affiliated youth organization.

“I have reflected deeply and blamed myself for my naivety and ignorance at the time. I think that I must still formally apologize to everyone,” Chen wrote this week on her social media account.

“I’m a Chinese person, born and raised, I deeply love my motherland,” she wrote. “And I know, deeply, that as an artist, I have a responsibility to the mission to record and spread the Chinese people’s culture.”

She joins numerous Chinese and foreign celebrities, brands and artists who have made public apologies following criticism of their work in state media. Some have been boycotted for refusing to apologize or if the apology is deemed insufficient.

Chen’s apology came more than a week after Dior was attacked over the photo at its exhibition in Shanghai, which pictured a model of Asian descent with tan, freckled skin and darkened eyelids holding a Dior purse.

Critics deemed the photograph contrary to East Asian beauty standards of fair skin and said it perpetuated Western stereotypes of Asian faces, such as slanted eyes.

At least one photo editor has praised her work in the past for creating an aesthetic that was neither aping Western magazines or Japanese and South Korean ones. And in 2019, the Global Times described Chen as China’s answer to U.S. photographer Annie Leibovitz, calling her a “shining star” with a unique perspective.

Dior removed the photograph, adding that it was part of an art project and not an advertisement. In a statement on its Chinese social media account, Dior said it “respects the feelings of Chinese people” and “strictly abides by Chinese laws and regulations.”

Other luxury brands have previously been embroiled in controversies in China. In 2018, a Dolce & Gabbana advertisement sparked public outrage after the Asian model in the ad was instructed to eat spaghetti, cannolis and pizza with a pair of chopsticks. The videos were later removed.

Chen’s social media post said she accepted criticism of her work including that for a certain brand, but didn’t specify Dior.

The photograph taken down from the Shanghai exhibit was shot in a similar style to a series of covers Chen did for British fashion magazine i-D that featured 12 young Chinese women from different ethnic minorities. Many of the women did not fit what has become a common definition of beauty in China — some had small eyes and others had freckles.

Ding Yining, a photo editor at Sixth Tone, praised Chen’s work in a 2018 article for the state-backed English-language features website.

“From her works, it would seem that Chen prefers female models with narrow, single-lidded eyes and a sense of traditional East Asian elegance,” Ding wrote.

Chen told Sixth Tone that “as a professional visual artist, I believe that I should help more people recognize the face of modern Chinese beauty with greater confidence.”

The Associated Press

Latest GMP and how to check share allocation

Go Fashion IPO allotment status: Finalisation of share allotment for Go Fashion IPO can be announced anytime today. Those who have applied for the public issue worth 1,013.61 crore are advised to check their application status either at the BSE website or at the website of official registrar of the IPO. The official registrar of the public issue is KFintech Private Limited. However, ahead of the share allotment announcement, Go Fashion share price has appreciated in the grey market. As per market observers, Go Fashion IPO GMP today is 475.

Go Fashion IPO GMP

According to market observers, Go Fashion IPO GMP today is 475, which is 55 higher from its yesterday’s grey market premium of 420 per equity share. Market observers said that 475 GMP simply reflects that grey market is expecting Go Fashion share listing at around 1165, which is around 65 per cent higher from its price band of 655 to 690 per share.

Go Fashion IPO allotment links

As mentioned above, Go Fashion IPO bidders can check their application status online by logging in at BSE website or at KFintech website. For more convenience, they can login at direct BSE link — bseindia.com/investors/appli_check.aspx or at direct KFintech link — kprism.kfintech.com/ipostatus and check share allotment status.

How to check Go Fashion IPO allotment status on KFintech

After the announcement of share allotment, one can check one’s application status online by logging in at above-mentioned direct KFintech link and follow step by step given below:

1] Login at the direct KFintech link — kprism.kfintech.com/ipostatus/;

2] Select Go Fashion IPO;

3] Select either of Application Number or DPID/Client ID or PAN (Let’s take application number);

4] Enter Go Fashion IPO application number;

5] Fill Captcha; and

6] Click at ‘Submit’ button.

Your Go Fashion IPO allotment status will become available on the computer monitor or on the Smartphone screen.

How to check Go Fashion IPO allotment status on BSE

For Go Fashion IPO allotment status check online at BSE, one needs to login at above-mentioned direct link and follow step by step given below:

1] Login at the direct link to BSE website — bseindia.com/investors/appli_check.aspx;

2] Select Go Fashion IPO;

3] Enter your Go Fashion IPO application number;

4] Enter your PAN details;

5] Click at ‘I’m not a robot’; and

6] Click at ‘Submit’ button.

Your Go Fashion IPO allotment status will become available on the computer monitor or on the Smartphone screen.

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How to check Go Fashion IPO’s allotment status

  • Go Fashion is one of the largest women’s bottom-wear brands in India that sells under the brand name Go Colors.
  • The grey market premium (GMP) picked up on November 25 to ₹425 from ₹350 a day before.
  • Analysts are bullish on the prospects for Go Fashion and its future expansion plans.

The allotment status for Go Fashion’s initial public offering (IPO) will be announced today, November 25.

Go Fashion is one of the largest women’s bottom-wear brands in India that sells under the brand name Go Colors. The company has received an overwhelming response from retail investors and the issue was oversubscribed by 135 times.

The grey market premium (GMP) — price at which the shares are being traded in the grey market — of Go Fashion’s shares had been falling since the last couple of days. The GMP, however, picked up on November 25 to ₹425 from ₹350 a day before.

Investors Subscription
Qualified institutional investors 100.73 times
Non-institutional investors 262.08 times
Retail 49.70 times
Overall 135.46 times

Analysts are bullish on the prospects for Go Fashion and its future expansion plans. Stock brokerage firms had recommended a subscribe rating on the stock.

“It has acted as a “category creator” for bottom-wear and has leveraged its first mover advantage to create a direct-to-consumer brand with a diversified and differentiated range of premium products at competitive prices, from ₹225 to ₹1,599,” Anand Rathi, in a report, said.

The IPO of the firm opened on November 17 and closed on November 22, at a price range of ₹655-₹690 per share. The lot size was 21 shares, costing ₹14,490.

Go Fashion intended to raise ₹1,013.6 crore with this IPO.

Here is how to check Go Fashion’s IPO allotment status on stock exchange website:

  • Go to the BSE website or NSE website here.
    On BSE, Select ‘Equity’ and then from the dropdown, select ‘Go Fashion’.
  • Now, enter your application number and PAN.
  • Click on ‘Search’.
  • Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

  • Visit the registrar’s website here.
  • Click on ‘Select company’ and click on ‘Go Fashion’.
  • Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
  • Enter the captcha and click ’submit’

Once you hit ‘submit’, the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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Applied for Go Fashion shares in IPO? What GMP signals about the issue

Go Fashion IPO: After three days of bidding, Go Fashion IPO got subscribed 135.46 times. The public issue worth 1,013.61 crore got subscribed 49.70 times in the retail category, 100.73 in the QIB category, and 262.08 in the NII category. Meanwhile in grey market, Go Fashion share price has corrected for second successive day. As per the market observers, shares of go Fashion are available at a premium of 380 in grey market today.

Go Fashion IPO GMP

According to the market observers, Go Fashion IPO grey market premium (GMP) today is 380, which is 90 down from its yesterday’s grey market premium of 470. They said that such a fall in the current nosediving market is quite expected. They said that Go Fashion IPO grey market premium has remained around 500 since it became available for bidding. This dip in the grey market price of Go Fashion IPO is due to the fresh selloff on Monday. They said that one should feel relieved as the fall in Go Fashion grey market price is still not to the tune of stock market fall.

What this GMP mean?

Market observers went on to add that GMP reflects an expected listing gain from the public issue. As Go Fashion IPO GMP today is 380, it means that grey market is expecting that Go Fashion shares would list at around 1070 ( 690 + 380), which is around 55 per cent higher from its upper price band.

However, market observers maintained that one should not look at grey market premium as a concrete indicator about an IPO. In fact, it’s financials of the company that gives actual picture of the company.

Highlighting the fundamentals in regard to Go Fashion IPO; Nitin Shahi, Executive Director at Findoc said, “Go Fashion is one of the leading companies in women bottom-wear Industry. The company has a well-diversified product portfolio along with the multi-channel pan India distribution network. Moreover, company has a demonstrated track record of strong financial performance. Further, retail women bottom-wear market is a growing market. The share of organized retailing within women’s Apparels has increased from 19 per cent in 2015 to 27 per cent in the year 2020 is expected to reach 42 per cent by fiscal 2025.”

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

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Lanvin Group Unveils New Brand Identity

SHANGHAI, Nov. 21, 2021 /PRNewswire/ — Lanvin Group (the “Group”), the global luxury fashion group, today officially unveiled its new brand identity following the change of its name from Fosun Fashion Group. The adoption of the globally recognizable Lanvin brand as its new name represents a clear statement of the Group’s intent to build a global portfolio of iconic luxury fashion brands.

The new brand identity, which includes a modernized logo and a new group website, www.lanvin-group.com, accords Lanvin Group a fresh look to express its commitment both to its heritage and to its determination to be an innovator in the global luxury market. The history of Lanvin traces back to 1889 when Madame Jeanne Lanvin founded what remains today the oldest operating French luxury couture house. A true pioneer and visionary, Madame Lanvin’s strength of character, creativity and flair remain as relevant to the Group today as it did when she founded the brand.

Lanvin Group has a mission to continue Jeanne Lanvin’s tradition of innovation and obsession for excellence. The rebrand epitomizes Lanvin Group’s continued endeavor to create an inclusive ecosystem that empowers heritage brands, nurtures diverse talents, and celebrates ingenious ideas. It will guide the Group’s growth path as it pursues its objective to preserve the essence of legacy brands yet transform them for tomorrow.

This new brand identity provides the Group’s portfolio brands a shared platform with a singular focus to fully express their creativity, unleash their potential, and reinvigorate long-term growth. Lanvin Group will continue to set new standards and push new boundaries through strategic investments, and by providing operational support for brands, together with unparalleled access to the fastest growing luxury fashion markets in the world.

Ms. Joann Cheng, Chairman of Lanvin Group, said: “We are excited to reveal Lanvin Group’s new brand identity which reflects our ongoing development as one of the world’s fastest-growing luxury groups. Lanvin has always been synonymous with luxury fashion. This new identity speaks to our strong belief in authenticity, creativity, craftsmanship, innovation and inclusivity on a shared platform. We see tremendous potential for Lanvin Group and its growing portfolio of brands to expand as the global luxury industry continues to show robust growth, both in Western markets as well as the fast-growing China market.”

Lanvin Group’s portfolio of prestigious heritage brands include French couture house Lanvin, Italian luxury shoemaker Sergio Rossi, Austrian skinwear specialist Wolford, iconic American womenswear brand St. John Knits, and high-end Italian menswear maker Caruso. These five brands have over 390 years of combined history and have far-reaching global presence in more than 60 countries with more than 1,200 points of sales, 290 retail stores and 3,600 employees across the world.

About Lanvin Group

Lanvin Group, formerly known as Fosun Fashion Group, is the leading global luxury fashion group rooted in China, managing iconic brands worldwide including Lanvin, Sergio Rossi, Wolford, St. John Knits, and Caruso. Harnessing the power of its unique strategic alliance of industry-leading partners in the luxury fashion sector, Lanvin Group strives to expand the global footprint of its portfolio brands and achieve sustainable growth through strategic investment and extensive operational know-how, combined with an intimate understanding and unparalleled access to the fastest-growing luxury fashion markets in the world.

For more information, please visit our new website: www.lanvin-group.com.

SOURCE Lanvin Group

Related Links

https://www.lanvin-group.com/