Facebook buys Instagram, Roitfeld’s biannual, Tumi IPO, Youtube fashion, Phillip Lim expands

Mark Zuckerberg | Source: Business Week

Facebook buys Instagram: inflating the new tech bubble? (Telegraph)
“Instagram has a significant user base in its own right, of around 30 million registered smartphone owners who have been promised the favourite photo app will retain its own identitiy. But with no particularly unique technology, the cash and stock Mark Zuckerberg will lay down for the firm is eye-popping.”

Carine Roitfeld’s Initial Foray (WWD)
“The name of Carine Roitfeld’s new magazine, closely guarded for months, has been in plain sight for a decade… ‘CR,’ the handwritten initials that appeared under all her editor’s letters during her 10 years at the helm of French Vogue, will be scrawled across the matte cover of her new biannual, with the first issue slated for September.”

Tumi: An Armor-Plated Suitcase and IPO? (Business Week)
“Though it’s not as well known as Kors, Tumi caters to a similar demographic: rich people, who—in case you haven’t heard—are doing quite well these days… Will Tumi be the next hot luxury stock? Chances seem good.”

YouTube Paid Hearst $10 Million to Launch New YouTube TV Shows (Fashionista)
“Your favorite magazine features might soon become digital television shows if YouTube’s latest expansion plan takes off. According to AdWeek, a new YouTube channel called Hello Style is set to launch April 15 and will feature high-quality television content from Hearst‘s lady publications”

Phillip Lim Expands Worldwide—And Online (Style.com)
“For a relatively young company, 3.1 Phillip Lim is growing fast. The label currently has six stores worldwide, and an Asian expansion plan is on the horizon. By 2016, there are plans to open 15 more stores in China alone. But today, one of his top stores reopens with a new and improved design: the online flagship at 31philliplim.com.”