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.
"Intel and the Luxottica Group's New Partnership: Hope for the Wearables Market, or More Empty Promises?" (Pando Daily)
"Can anyone make wearable devices that don't look like cheap props from a sci-fi film? Intel hopes to find out through a new partnership with the Luxottica Group, an eyewear company responsible for several famous brands like Ray-Ban and Armani."
"Cyber Monday Online Sales Rose 17% to $2 Billion, ComScore Says" (Bloomberg)
"Holiday shopping on the Web rose 17 percent to a record $2.04 billion on Cyber Monday, researcher ComScore Inc. said, as consumers took advantage of online deals."
"Consolidation Begins in Clothing-Fit Tech as Fits.Me Buys Clothes Horse" (The Wall Street Journal)
"Although the sector has been underway for just a few years, it is already consolidating. London-based Fits.me Holdings Ltd. is acquiring New York-based Clothes Horse Inc. for an undisclosed sum."
"Lazada, Rocket Internet's Amazon Clone In Southeast Asia, Raises $250M Led By Temasek" (TechCrunch)
"We don't often see companies announce funding rounds on the weekend, but that's not stopping Lazada, the Rocket Internet-backed e-commerce firm in Southeast Asia, from revealing today that it has pulled in €200 million (around $250 million) in fresh capital."
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"Do You Have a Light? Ralph Lauren Does" (The New York Times)
"This week, the company is unveiling the third leg in its bid to position itself as not just fashion's premier dream Americana company, but also fashion's premier tech company."
"Shoes of Prey Raises $5.5 Million for Custom Footwear" (The Business of Fashion)
"Shoes of Prey, a fashion e-tailer that lets users design their own shoes, has raised $5.5 million in a Series A round of funding."
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.