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.
"Op-Ed | Bitcoin is Good Money" (The Business of Fashion)
"If you acknowledge that money is simply a language to communicate value, you quickly realise that bitcoin stacks up well, argues Nick Tomaino."
"Lifestyle Brands are Acquiring Their Way to Becoming Tech Companies" (Quartz)
"In the fall Under Armour overtook Adidas for the first time in sportswear sales, but the athletic apparel and gear company is still far behind Nike."
"Michael Kors Is Getting Into Wearable Tech" (Bloomberg)
"The fashion label—known for its MK print handbags that try to embody "jet-set" glamor—told analysts that it has plans for wearable technology and would announce specifics in the 'next few months.'"
"Amazon.com Rival Jet.com Raises $140 Million in New Funding" (Bloomberg)
"Jet.com Inc. raised $140 million in a new funding round before rolling out its service, building up its cash hoard to take on rival Amazon.com Inc."
"Clothing Rental Startup Le Tote Lands $8.8M In Series A Funding" (TechCrunch)
"The "sharing economy" has been a buzzy concept for several years now — but if startup investor activity is any indication, the trend isn't going anywhere any time soon."
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.