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.
"Knyttan Raises Seed Round, Aims to Disrupt $200 Billion Knitwear Market" (The Business of Fashion)
"Armed with $3.1 million in seed funding, Knyttan is building a 'curated customisation' platform to reinvent knitwear."
"Fitbit Reaches $4bn Valuation after Pricing IPO at $20" (The Financial Times)
"Fitbit clinched a valuation of more than $4bn after it successfully sold shares in an initial public offering that tested investor appetite as competition in the wearable device market ratchets up."
"New York vs London: Which Is the World's Fashion-Tech Capital?" (The Business of Fashion)
"London and New York are both home to vibrant start-up ecosystems. But which is the world's true fashion-tech capital?"
"Fitbay Doubles Down On Fashion Selfies" (TechCrunch)
"Fitbay has found users' own style photos (or 'fashion selfies' if you prefer) generate far more engagement than perfectly groomed marketing shots of clothes or perfectly proportioned models wearing said clothes."
"Crowdfunding on Etsy? Buyer beware." (Quartz)
"The move is bound to be a boon for the small-bit sellers who often struggle to pay upfront for the materials and equipment needed to manufacture new products, but it's a riskier endeavor for buyers of Etsy products who could end up paying for a product that they never receive."
The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.