Wednesday 26 September 2018

British Fashion Council Launches China Partnerships Strategy in Shanghai with Ambassadorial President David Beckham

What has David Beckham been up to in Shanghai this week?
For one thing, he's been helping the British fashion industry to break into the vast Chinese market.
So Victoria is not the only one with global fashion credentials in the Beckham camp these days.

In his new role as the British Fashion Council’s (BFC) Ambassadorial President, David Beckham has launched the organisation’s China Partnerships Strategy supported by Stephanie Phair, BFC Chair; Dylan Jones, BFC Chair of Menswear and Caroline Rush, BFC Chief Executive.

The strategy was launched at a lunch attended by existing and potential new key partners, invited by the BFC and Mr Beckham. Guests included Xia Ding, President of JD International Fashion; Paul David Haouzi, President & Executive Director Trinity Group; Claire Chung, China General Manager Yoox Net-A-Porter, Patrick Tsang, Chairman Tsang Group and Judy Liu, Managing Director China Farfetch.

The lunch, hosted at The Middle House Shanghai confirmed £500,000 worth of deals including JD.com and Ruyi’s co-sponsorship of the BFC/GQ Designer Menswear Fund, JD.com’s support for the BFC/Vogue Designer Fashion Fund and support from Britain’s Department of International Trade.  In addition to deals done, the BFC continue to explore the next stage of their innovative partnership with VIP.com and their long-term partnership with Fung Retailing Group.

The development of the BFC’s China Fashion Business Network is a key pillar of development for the next 12 months, and many attendees at the lunch pledged their support to assist the BFC create a network of credible partners across investment, licensing, manufacturing, property, communications and retail in China.  As Stephanie Phair, BFC Chair commented: “China has always been a key market for British designers, from emerging businesses to established brands. There is a growing appetite for British fashion in China."
David Beckham, BFC Ambassadorial President said: “Promoting the British fashion industry in China is an important part of my new role with the British Fashion Council. I hope that through events like today we are able to shine a light on the incredible creative talent we have in the UK and promote that talent on a global scale. The opportunity in China for connecting creatively and driving investment into British fashion is huge. Today we are able to show real commitment from Chinese businesses to future fashion leaders in the UK and in parallel, share our experience, knowledge and platforms with emerging Chinese designers.”
The BFC’s China Partnerships Strategy is focused on three key areas and solidifies the organisation’s commitment to making access to the Chinese market easier for British designer businesses: 
Support for emerging talent with mentoring on the Chinese market Partnerships of Fashion Weeks; stimulating demand through content and access, in relevant cases supplying that demand through retail partnerships in the UK and China.Network development of investors, creatives, influencers, media, retailers and high-net worth individuals to partner with British designer businesses on local growth strategies.
At the lunch hosted by BFC Ambassadorial President David Beckham at The Middle House Shanghai, a Memorandum of Understanding was signed by Dylan Jones, BFC Chair of Menswear and Editor of British GQ, Caroline Rush, BFC Chief Executive, Xia Ding, President of JD International Fashion and Francis Srun, Executive President of Ruyi International Group that confirms funding, mentorship and additional opportunities to develop partnerships for the shortlisted designers into China.
Xia Ding, President of JD International Fashion said: “The UK is now increasingly recognized by Chinese people as a global fashion centre and JD is proud to serve as the most convenient channel for British designers to reach China’s many discerning fashion consumers.”
Francis Srun, Executive President of Ruyi International Group commented: “Aside from a range of joint initiatives in offline retail and e-commerce, Ruyi’s extensive collection of global brands are already working closely with JD and we are confident that this network will give a strong boost to designers supported by the BFC/GQ Designer Menswear Fund.”
The BFC/GQ Designer Menswear Fund is the UK’s biggest menswear prize for emerging talent.  The prize was established in September 2013 following the success of the BFC/Vogue Designer Fashion Fund providing one designer with a £150,000 grant to provide necessary infrastructure to take them to the next stage of their business and significant value in kind services as part of a bespoke, high level mentoring support programme over a twelve-month period.
Craig Green for Moncler, unveiled in Milan for 2018-19.

Dylan Jones, BFC Menswear Chair and Editor of British GQ, commented: “We are delighted to re-instate the BFC/GQ Designer Menswear Fund thanks to JD.com Inc. and Ruyi who have committed to two years of support for our brilliant emerging menswear designers.
The last British designer to win the BFC/GQ Designer Menswear Fund was Craig Green, a talent and business that has gone from strength to strength.”

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