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.
"Arcadia Billionaire Buys 25% Stake in MySale" (The Financial Times)
"Sir Philip Green, the billionaire entrepreneur, has made his first big foray into a pure online retailer by taking a 25 per cent stake in MySale, an Australian fashion sales site. The head of the UK's Arcadia retail conglomerate made the investment last week, for an undisclosed price as the Australian company announced plans to move its headquarters to the UK in order to help expand its supply chain."
"JustFab Seeking $50 Million to $100 Million Investment Ahead of Possible IPO" (Recode)
"Online shoe and apparel retailer JustFab has started talking to investors about raising new funding to the tune of $50 million to $100 million, according to a person familiar with the talks. The company has hired Morgan Stanley to help run the process, this person said."
"Wheretoget Raises $2 Million For Its Powerful Shazam For Fashion" (TechCrunch)
"Whenever you see an outfit that you like on the web or in the street, you upload a picture. Wheretoget's community will take care of the rest and find where you can get this very same outfit. There is no secret sauce, no magic algorithm, just dedicated human beings. And the French startup just raised $2 million (€1.4 million) from Alven Capital, Fabrice Grinda, Emmanuel Brunet and other angels."
"E-Commerce Edge Helps British Retailers Expand Abroad" (Reuters)
"Marks & Spencer Plc is making a new push to expand abroad, hoping e-commerce will give Britain's biggest clothing retailer a better chance to succeed than earlier attempts to enter new markets. It is one of several retailers that are using expertise developed in the UK's fast-growing e-commerce market to expand overseas."
"Indian Fashion Discovery Site LimeRoad Lands $15M Series B" (TechCrunch)
"LimeRoad has closed $15 million in funding, which it says is one of the largest Series B rounds secured by an online commerce company in India. Investment was led by Tiger Global, with participation from returning investors Lightspeed Venture Partners and Matrix Partners India."
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.