Latest news with #Modes
GMA Network
03-07-2025
- Politics
- GMA Network
DepEd: Measures in place to prevent 'learning loss' due to class suspensions
The Department of Education (DepEd) has rolled out a comprehensive set of initiatives designed to make the Philippine education system more "flexible and disaster-ready." This, as DepEd prepares for possible class suspensions amid the rainy season. DepEd Secretary Sonny Angara said that while safety should be a top priority, learning continuity must be part of every suspension decision. Below are key programs and reforms from DepEd: Deployable learning continuity packages Durable and mobile modular classrooms will replace temporary learning spaces in disaster-hit areas. A pilot rollout in high-risk zones is slated for August 2025. LIGTAS AI tool under E-CAIR An AI-powered system that predicts geohazard risks, enabling schools to make better contingency plans. Upgrades to the system are expected by the third quarter of 2025. Revised suspensions as guidelines (Released December 2024) These empower school heads to: Declare localized or granular suspensions even without LGU declarations. Coordinate with LGUs for class suspensions based on real-time conditions such as flooding or earthquakes. Read the official guidelines here. Learning and service continuity plans (LSCPs) All schools are required to have LSCPs, which include: Use of Alternative Delivery Modes (ADMs) like self-learning modules and online platforms. Secure storage protocols for learning materials and devices. Teacher training for quick transitions during disruptions. Omnibus flexible learning policy (Releasing July 15) This new framework institutionalizes flexible learning across grade levels and creates one-stop-shops for schools to access support services, materials, and guidance. Tablet distribution for ADM learners DepEd is actively distributing tablets to learners in disaster-prone areas, enabling continuous learning when physical attendance isn't possible. Stronger LGU engagement The department has issued letters to the Department of the Interior and Local Government (DILG), the Union of Local Authorities of the Philippines (ULAP), and other local leagues to encourage alignment with the new suspension protocols. 'Learning loss' Previously, class suspensions were automatic—like the cancellation of kindergarten classes under Signal No. 1. But under new protocols introduced in December 2024, schools and local governments now have more discretion, allowing suspensions to be tailored to real-time conditions rather than blanket rules. Angara has reminded school officials and local governments to be prudent in declaring class suspensions, emphasizing the department's priority to avoid unnecessary learning gaps. 'We wish to minimize learning loss, so long as ligtas ang mga bata at titser and staff,' Angara told GMA News Online via Viber message. (We wish to minimize learning loss, so long as the safety of students, teachers, and staff is ensured.) 'So sana 'wag basta-basta lang mag-declare ng cancellations sa baba unless talagang hirap na hirap pumasok,' he added. (We hope suspensions won't be declared casually at the ground level unless it's truly difficult for students and staff to attend school.) 'Sa mga kasong ganun, may substitute naman kami,' he noted. (In such cases, we have alternatives in place.) —VAL, GMA Integrated News
Yahoo
14-06-2025
- Business
- Yahoo
Five Modes Boutiques Reopen Under New Italian Company
MILAN — Italian retailer Modes is back in business, under a new, recently formed entity called Garments Milano. The new company has leased some of the existing Modes boutiques and reopened units in Portofino, Porto Cervo and Forte Village in Italy, as well as Saint Moritz in Switzerland. A fifth unit, on Milan's Via Brera, is to reopen this weekend. More from WWD Franz Kraler to Open Luxury Ski-slope Chalet in Cortina d'Ampezzo Summer Books and Authors on Full Display in Air Mail's NYC Store Luxury Retail Still Prevails on Mount Street As reported, Modes was placed under judicial liquidation after failing to carry forward with its business restructuring plan last May. Amid slowing sales and a deteriorated business environment, the company had filed for a 'compositions with creditors' procedures with a Milan court in May 2024. In the final verdict of that procedure, the court deemed Modes no longer eligible for the court-mediated continuity procedure and ruled in favor of a judicial liquidation. The Modes trademark was not part of the procedure, allowing Garments Milano to use it for the new course after leasing the Modes company's retail branch. 'We are hitting the market with five marquee locations, and we will try to communicate our approach to fashion retail,' Aldo Carpinteri, president of Modes, told WWD on Friday. 'Our units are bound to become 'white boxes' in wonderful locations allowing niche and up-and-coming brands, which don't have the means to be in those places to show their identity, storytelling and products. 'We think being a pure retail player can make the difference,' he offered. Carpinteri highlighted consumer fatigue over big brands' offerings and pricing strategies, as well as mounting competition on the latter front by online players. 'People want to get into a boutique and find objects that are timeless and durable,' he said. 'In the second half of 2025, we see a consolidation of the strategy. We are planning to forge ties with brands on dedicated activations,' he explained, sharing that a tie-up with Redemption is lined up at the Porto Cervo boutique. 'We want to do more projects in this vein.' In the year between the filing of the composition with creditors procedure and the final liquidation verdict, Modes had already retooled its business and Carpinteri said that that formula was proven effective, winning in-store customers back. His aim is to build on that going forward. Although falling short of the court expectations as part of the procedures, filings show that in the June to November 2024 period, average monthly revenues at the retailer stood at 900,000 euros, and at 500,000 euros in December 2024 and January 2025. At the peak of its pre-judicial procedure business success, Modes logged yearly sales of 150 million euros and operated 19 stores globally including units in Paris, Forte dei Marmi and Cagliari, Italy, and Gstaad, Switzerland. The Italian company had tapped industry veteran Simon Whitehouse as its chief executive officer in March 2024. Whitehouse left the company last March. Modes was established in 1971 by Carpinteri as a multibrand boutique in Trapani, on Italy's Sicily Island. Best of WWD Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-06-2025
- Entertainment
- Yahoo
Luxury Retail Still Prevails on Mount Street
LONDON — In Mayfair, retail is bucking the luxury slowdown. Grosvenor, which owns prime retail property across London, is strategizing to keep the momentum going this summer with the Mount Street Neighbourhood Summer Festival as it celebrates the neighborhood's fashion, food and art offerings. More from WWD Franz Kraler to Open Luxury Ski-slope Chalet in Cortina d'Ampezzo Five Modes Boutiques Reopen Under New Italian Company Jewelry Brand Vickisarge Gets the Val Garland Makeover The crown jewels of the Mount Street Neighbourhood include diamond jeweler Jessica McCormack, the luxury hotel The Connaught, fashion designer Huishan Zhang, the Prada-owned patisserie Marchesi and the restaurant Hideaway. There's also openings taking place this summer from chocolatier Barnaby, perfume brand Fueguia 1833 and celebrity facialist and aesthetician Melanie Grant. 'After COVID-19, Mount Street came out of the block so strongly mainly because we'd cemented it as a neighborhood and we've made the strategic decision to really widen that tenant mix that's less dominated by fashion,' said Joanna Lea, Mayfair retail portfolio director at Grosvenor. Grosvenor has brought a set of consultants onboard to better understand the neighborhood's clientele, which makes up 5 to 10 percent of the world's global wealth. The Mount Street Neighborhood has been rebranding itself image-wise and on social media since October, around the same time that Frieze London kicked off. The neighborhood is being treated like a set of sails that reacts to the winds, in this case the cultural events taking place in and out of the city, from BST Hyde Park, Royal Ascot, the RCA Summer Exhibition to the Wimbledon Championships. The English pub the Audley Public House will be hosting 'A Week of Wimbledon' in July, serving up strawberries and cream with Pimm's and Wimbledon Martinis, but the beer on tap will stay put. 'When we think about programming Mount Street, we don't operate like a normal shopping neighborhood and think about Mother's Day or Easter, but instead it's about thinking about an international high-net-worth calendar,' said Lea, adding that they also take national holidays such as Saudi National Day and Fourth of July. American and Middle Eastern customers are the top spenders on Mount Street and it's a clientele that Grosvenor caters to carefully by vetting any newcomers into the neighborhood. 'No brand will come to the estate without us having met them. Ultimately, it's a people business and we want to do deals with great people because experience tells us that pays us dividends over the long term,' said Lea. Even though the luxury slowdown hasn't hit the Mount Street Neighborhood directly, luxury brands that are signing up for spaces in the neighborhood are taking a cautious approach by bidding on smaller units to test the waters before upgrading to larger spaces in the long run. Best of WWD Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
22-05-2025
- Business
- Fashion Network
Italian concept store Modes goes into liquidation
Italian multibrand concept store Modes, struggling with severe financial difficulties, has gone into liquidation. The high-end fashion retailer, which until 2022 used to operate some 20 stores, including two prestigious addresses in Paris and Switzerland, applied for bankruptcy protection last December, but the Milan court has decided to revoke the procedure due to the company's insolvency. 'The conditions and prerequisites for the opening of a judicial liquidation procedure have been found to exist, considering the serious degree of insolvency in which the debtor finds itself, seemingly without having adequate means to deal with the situation,' the court stated in a document published by MF Fashion. In Q1 2025, Modes recorded a negative EBITDA of minus €5.3 million. Modes's French subsidiary went into liquidation in December 2024, and was forced to close the store it operated on rue François 1er in Paris, in the heart of the city's luxury shopping district. Modes first began to struggle four years ago, and was compelled to shut down its logistics hub in Trapani, Sicily, at the end of 2023. The company informed the unions at the time that the closure was due to 'the economic crisis' and 'changed consumer behaviour,' and indicated that its economic and financial results had started to deteriorate from the Fall/Winter 2021-22 season. The situation worsened in 2023, when Modes recorded a revenue in the region of €100 million, associated with debts for several dozens million euros. CEO Simon Whitehouse, who was hired in 2024, resigned in March. The business had been set up in 1971 by Sicilian family Carpinteri, and originally consisted of a fashion store in Trapani called Stefania Mode. The Modes company was founded in 1999, and in 2019 the retailer assumed the same name, opening a number of new stores and developing an e-shop focused on premium contemporary brands. Current owner and boss Aldo Carpinteri is hoping to continue to operate Modes via a new company that would lease and manage the business. He told that 'our goal is to relaunch the project immediately and breathe new life into Modes, working in concert with the [liquidation] procedure in order to preserve both the Modes brand name and, above all, the company's business.'
Fashion Network
22-05-2025
- Business
- Fashion Network
Italian concept store Modes goes into liquidation
Italian multibrand concept store Modes, struggling with severe financial difficulties, has gone into liquidation. The high-end fashion retailer, which until 2022 used to operate some 20 stores, including two prestigious addresses in Paris and Switzerland, applied for bankruptcy protection last December, but the Milan court has decided to revoke the procedure due to the company's insolvency. 'The conditions and prerequisites for the opening of a judicial liquidation procedure have been found to exist, considering the serious degree of insolvency in which the debtor finds itself, seemingly without having adequate means to deal with the situation,' the court stated in a document published by MF Fashion. In Q1 2025, Modes recorded a negative EBITDA of minus €5.3 million. Modes's French subsidiary went into liquidation in December 2024, and was forced to close the store it operated on rue François 1er in Paris, in the heart of the city's luxury shopping district. Modes first began to struggle four years ago, and was compelled to shut down its logistics hub in Trapani, Sicily, at the end of 2023. The company informed the unions at the time that the closure was due to 'the economic crisis' and 'changed consumer behaviour,' and indicated that its economic and financial results had started to deteriorate from the Fall/Winter 2021-22 season. The situation worsened in 2023, when Modes recorded a revenue in the region of €100 million, associated with debts for several dozens million euros. CEO Simon Whitehouse, who was hired in 2024, resigned in March. The business had been set up in 1971 by Sicilian family Carpinteri, and originally consisted of a fashion store in Trapani called Stefania Mode. The Modes company was founded in 1999, and in 2019 the retailer assumed the same name, opening a number of new stores and developing an e-shop focused on premium contemporary brands. Current owner and boss Aldo Carpinteri is hoping to continue to operate Modes via a new company that would lease and manage the business. He told that 'our goal is to relaunch the project immediately and breathe new life into Modes, working in concert with the [liquidation] procedure in order to preserve both the Modes brand name and, above all, the company's business.'
