It's Monday 14th March and Akihabara station is crowded while commun transports are still limited in capital,
Tokyo.
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| People waiting at the entrance of Akihabara, an important tranfert station from the East of Tokyo Source: flickr.com |
And as foreign companies are sending their team back or are trying to contact them, time is for worry..
Between the expected earthquakes in Tokyo or the risk of a nuclear explosion in the North of the capital, several companies made associates return to their countries during last week end.
For instance, Comptoir des Cotonniers has immediately repatriate about fifteen of its headquarter employees which were in Japan.
[Because, this is at this kind of sad moment where you knows if the company you're working for, is a caring one or a selfish one!]
For its part, The Vantan Design Institute of Fashion/Beauty School of Tokyo seems to have been spared. Josiane Cristofoli who's in charge of the school's communication in France explain:"They didn't have any damages but they are quite worried in view of the nuclear problem".
The seism took place a few day before the launch of Japan Fashion Week in Tokyo which should have introduced more than 35 collections of autumn-winter 2011/2012 between next 21st and 25th March. However the event has indees been logically cancelled by the organisers.
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| Source: wallpaperszz.blogspot.com |
Following the importance of this drama, companies of the Country of the Rising Sun didn't forget to rally: the Clothing giant, Fast Retailing, owner of Uniqlo & Comptoir des Cotonniers, is going to give 1 billion of Yens to the Croix Rouge in order to support regions of North-East which are widely stricken.
The group also counts on sending 300 000 sweaters, coats and jeans to the victims who has been striped of their possessions by the tsunami.
What's more, cosmetic group Shiseido has annouced a donation of 100 million of Yens as well as 30 000 bottles of soap, shampoos and disinfectants.
Other groups follow this movements: Cosmetics groups Unicharme and Kaoh planed to furnish baby products for charities according to daily economic newspaper Nikkei.
Hopefully for Japanese people, there are still companies which make nobles gestures!
However rallied, industrials has also been hit.
Therefore, Shiseido had to stop one of its main production centre, heavily affected, annoucing severals stocks issues.
Two others plants should be closed in order to save energy, as well as a plant of Kaoh Group .
Some companies haven't yet react to these events. Shame on them? Maybe! iQuizas! Peut-être bien!
Textil company Renown Incorporated and Sanei International are both waiting for their superiors to get back to their office in order to start something.
Moreover, Clothing groups Onward Kashiyama and Sanyou Syoukai try, for their parts, to get in touch with their customers.
First economic effects?
After the human toll, will soon come the time of the tragedy's economic report.
The stock exchange has give a foretaste this week end! Notably in the luxury sector, Japan actually represents 11 to 15 % of 180 billion of Euro of the global sales of the sector.
In consequences, at the London Stock Exhange, the strongest fall is Burberry group 's one, which shares lost 5,4 % of its value. In Swiss, famous group Richemont falls of 1,73 %. And in Italy, Tod's has fallen of 0,66% yesterday. That's not an Earthquake anymore, that's a sharesquake now!
And with 15 to 17% of its acitivity realised in the Archipelago , French actors of luxury are in the front line.
With 9% of its turnover realised in Japan, LVMH has already seen its security falls of 3% in the hours following this drama with Japan which represents 20% of Louis Vuitton's activity.
Regarding other brands like Hermès, its part has fallen of 2.5% with 19% of its turnover realised in this little country.
And concerning PPR which realise 16% of its turnover in Japan, it has lost 1.43% of its value.
Here a little video from Youtube, just to be a bit weepy!
Source: FashionMag
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