Is Amazon about to wipe small online fashion businesses out of commission?
Jeff Bezos, CEO of Amazon has admitted in an interview that they intend to extend their fashion lines on the online site and to gear the company into the high-end fashion sector.
The company has as of recent tired courting fashion labels such as Michael Kors, Vivienne Westwood, Jack Spade and Tracy Reese and they are still continuing to entice more fashion labels to join the mega-online store.
Amazon already has the likes of Calvin Klein, Armani Exchange, Levi’s in their portfolio. If they were to succeed in gaining the high end fashion sector it will no doubt leave other online companies such as Asos, Macy’s, Urban Outfitters in a dire situation. Amazon has the ability to offer these labels millions of sales per month through its website this will eventually mean leaving other online retail companies in the dust as they won’t have the buying or selling capability of Amazon. To be more frank Amazon will have the ability to set its own prices this is a hugh threat to other brands.
Our notes: Having started as an online bookstore Amazon has achieved monumental leaps as an online store, the company itself is worth in excess of $8 billion dollars. The company has monopolized the electronic retail market and now it intends to monopolize the apparel market.
Can you imagine how a movement like this will have an effect on all clothing stores that sell garments online, it will be like battling a GIANT against an ant in a boxing match (unfair battle).
We hope that the high-end fashion sector doesn’t fall for the high sales and keep to their own form of retail. There should be a globalized institute that helps keeps monopolistic competition at bay.
Please try to spread the word because if Amazon can get a hold of the fashion industry what is it to say that they will not venture onto other markets. Amazon is a business killer.
article written by: www.frontpose.com




![The British fashion house Aquascutum has had great news today, the Chinese based company YGM Trading situated in Hong Kong have come into an exclusive agreement with FPR advisors (who specialises with companies that are in distress) to obtain “the on-going business and assets” for an undisclosed sum. If this goes without a hitch YGM Trading will acquire a company that has been a British institute for over a century. The FPR advisors have stated that the wheels have already been turning and that the exchange is prominent. A financial commitment has been obtained and that both parties (Aquascutum and YGM Trading) are focused on dealing with the legality of the process of transfer. It was reported that an excess of 70 bids from around the world were made, however the deadline for bids had passed last Friday and the Hong Kong trading group seemed the likely pick as they also hold the licences for the Aquascutum brand in Asia. It must be said that the Brits did try their upmost to keep the heritage company in Britain. James Eden who runs the UK clothing manufacturer Cooper & Stollbrand whose business interest also includes the Private White VC menswear brand had made an offer but was extremely disappointed with the outcome, he said that he was “extremely disappointed” that Aquascutum would “no longer [be] under British ownership”.
Our note: We are extremely happy that the company Aquascutum will still be operating but at the same time we feel disappointed by the fact that a company that is so British could not uphold itself within Britain and also that it was not be protected by a British Governing body. As a British based company we feel a bit apprehensive and angst-ridden when we had heard news of trouble in the Aquascutum camp. Britain as a whole seems not to want to help fashion houses stay afloat, we hear news from other countries that their government help to thrive their heritage fashion houses and its quite depressing to hear not of news of Britain’s governing body helping but more disheartening that a fashion institute can go adrift overseas.
article written by: www.frontpose.com](http://24.media.tumblr.com/tumblr_m3g1onWodp1r15c3eo1_500.png)

