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.
"Hudson's Bay to Acquire Gilt Groupe for $250 Million" (Bloomberg)
"Gilt Groupe Holdings Inc., a startup once valued at about $1 billion, agreed to be acquired by Hudson's Bay Co. for $250 million in cash."
"CES 2016: Fitbit Launches Latest Fitness-Focused Smartwatch" (The Financial Times)
"The launch comes as CES sees a swath of companies from outside of the traditional tech sector looking to challenge Fitbit's dominance of the wearable tech market."
"L'Oreal Unveils Smart Skincare Patch at CES" (Bloomberg)
"L'Oreal introduced a skin patch on Wednesday designed to monitor ultraviolet exposure and help consumers educate themselves about sun protection."
"How Under Armour Plans to Turn Your Clothes Into Gadgets" (Wired)
"Under Armour was founded on a simple idea: Make athletes better. To do that, it's turning human performance into a big data problem."
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"Grindr, the Gay Dating App, Hooks Up With Fashion" (The New York Times)
"On Sunday, the app will live-stream the fall 2016 men's wear show of J. W. Anderson as it hits the runway at London Collections: Men, the city's biannual men's fashion week."
"Fitbit Heart Rate Tracking Is Dangerously Inaccurate, Lawsuit Claims" (The Telegraph)
"Claims from fitness tracking company Fitbit that its wristbands can accurately monitor owners' heart rates are wildly and in some cases dangerously misleading, according to a lawsuit."
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.