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.
"Nordstrom in Talks to Buy Trunk Club, a Men's Personal Shopper Service" (Recode)
"The Seattle-based, high-end retailer has recently held acquisition talks with Trunk Club, an e-commerce company that offers a personal styling service for men, according to people familiar with the talks. It's not clear if the talks will result in an acquisition or a strategic investment."
"Tory Burch, Fitbit Join Forces to Make Wearables More Stylish" (CBS)
"Burch's accessory collection is made up of four distinctive pieces, including a brass pendant, a brass bracelet and two artsy silicone bands. Each was designed to house a Fitbit Flex – the rectangular sensor which tracks the number of steps taken by the wearer, the calories they've burned and monitors their sleeping patterns."
"Google Glass Creator Sees Future at Amazon" (The Financial Times)
"Babak Parviz, who led the development team on Google's high-tech spectacles, announced his move in cryptic fashion, posting Amazon's logo on his Google+ page, with the comment "status: super excited." However, he has so far declined to reveal what projects he will work on at the Seattle-based online retailer."
"Men's Style Startup Dash Hudson Raises $400K Led By Former Groupon CTO Paul Gauthier" (TechCrunch)
"Dash Hudson, a startup aiming to make twentysomething men a little less clueless about style, is announcing that it raised $400,000 in seed funding. More impressive than the amount of funding was who participated — co-founder and CEO Thomas Rankin said the round was led by Paul Gauthier, Groupon's CTO from 2010 to 2013, as well as founding CTO at search pioneer Inktomi."
"Why We Don't Talk About 'Wearable Software'" (Fast Company)
"It's no surprise that the wearable tech craze is focused on hardware. After all, it's the device we're referring to when we say something is 'wearable.' But soon these gadgets will become an afterthought. The real impact of computing's next phase will be to make software wearable."
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.