The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
"Browns Acquired by Farfetch as Part of Omni-Channel Growth Strategy" (The Business of Fashion)
"BoF has learned that online marketplace Farfetch has acquired London boutique Browns to develop and test new retail and omni-channel strategies."
"Fitbit in rude financial health ahead of IPO" (The Financial Times)
"When the company filed its prospectus for an initial public offering of at least $100m last week, even seasoned observers of the market were taken aback by the strength of its financial results."
"In Global E-commerce First, India's Largest Fashion Portal Myntra Ditches Website, Goes Mobile-only" (Forbes)
"Fashion portal Myntra owned by India's largest e-commerce firm, Flipkart, will shut its website and go mobile-only through its app."
"Mobile Shopping App Wish Possibly Raised More Than $500 Million, Now Valued At $3 Billion" (Forbes)
"Wish, a mobile shopping application, possibly raised more than $500 million according to financial filings obtained by VC Experts and shared with Forbes."
"Alibaba Boosts Its Stake in Online Retailer Zulily to 9.3%" (Bloomberg)
"Alibaba Group Holding Ltd., China's biggest e-commerce company that held its initial public offering last year, bought $56.2 million of stock in U.S. online retailer Zulily Inc. this week, according to a regulatory filing."
The nature of livestream transactions makes it hard to identify and weed out counterfeits and fakes despite growth of new technologies aimed at detecting infringement.
The extraordinary expectations placed on the technology have set it up for the inevitable comedown. But that’s when the real work of seeing whether it can be truly transformative begins.
Successful social media acquisitions require keeping both talent and technology in place. Neither is likely to happen in a deal for the Chinese app, writes Dave Lee.
TikTok’s first time sponsoring the glitzy event comes just as the US effectively deemed the company a national security threat under its current ownership, raising complications for Condé Nast and the gala’s other organisers.