The Rise, Stumble and Future of Gilt Groupe’s Business Model

Gilt Groupe warehouse | Source: Fantabulously Frugal

Today, BoF takes an in-depth look at the past, present and future of Gilt Groupe’s business model and speaks with Gilt Groupe CEO Kevin Ryan on his plans to continue the company’s ascendance. NEW YORK, United States — Back in November of 2007, BoF was amongst the very first media outlets to write about Gilt Groupe, the New York-based start-up that went on to dramatically reshape the online retail market for fashion, building a

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Global Briefing | How to Seize the China Opportunity, Beyond Store Openings

BEIJING, China — According to Bain & Company, a consulting firm, China is currently the world’s second largest consumer of luxury goods, ahead of Japan and second only to the United States. McKinsey forecasts that by 2015, China will account for around 20 per cent, or 180 billion renminbi (US$27 billion) of global luxury sales. With numbers like these, it’s no surprise that a major land grab is underway amongst fashion brands

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The Long View | How Realtime Data is Reshaping the Fashion Business

Julia Fowler and Geoff Watts | Source: Editd

LONDON, United Kingdom — Clearance sales point to a perennial problem in the fashion industry: the misalignment of supply and demand. Using traditional market research, brands and retailers are unable to predict with high accuracy what products consumers will actually purchase during any given season. As a result, merchandise that doesn’t sell is marked down, while demand for popular items goes unmet, leading to significant loss of

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Colin’s Column | Something Is Rotten in the State of Fashion

Chanel Couture | Source: The New York Times

LONDON, United Kingdom — Death and disgrace do not often darken the world of fashion. In the case of the first, a designer normally dies long after retirement and his demise is of only local interest. In the case of the second, it rarely happens and can usually be covered up by one means or another. But in the last eighteen months there have been two tragedies that can neither be covered up, nor ignored. They are, of course, the

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Colin’s Column | Are changes to fashion education crippling innovation in the world’s creative capital?

LONDON, United Kingdom — Design is generally about function leading form in a problem-solving exercise that almost always starts with a sense of discontent with what is generally available and a strong determination to make it better and even change radically a template that might have been used for many years. The result, in the hands of the right practitioner, is a completely new solution to the problem, a solution that works for

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The Fashion Trail | Modern Mumbai and Lakmé Fashion Week

Bandana Tewari at Lakmé Fashion Week | Photo: BoF

MUMBAI, India – From the minute I landed in Bombay—as everyone here still calls it—the rapidly shifting nature of contemporary India was apparent. Instead of waiting in agonisingly long queues at the airport, I breezed through immigration, customs and bag collection in only 45 minutes. That’s faster than one can make it through most terminals at Heathrow or JFK these days. Outside the airport, cranes building a new terminal towered

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Brands Experiment with Weibo, China’s Answer to Twitter

Gucci brand page on Sina Weibo | Source: Weibo

SHANGHAI, China — In the parallel internet universe behind China’s “Great Firewall,” where search engine Baidu is Google, etailer Dangdang is Amazon, and video sharing site Youku is YouTube, the microblogging service Weibo (pronounced Way-Bwah, literally microblog) — launched in August 2009 by online media giant Sina Corp — has emerged as the country’s answer to Twitter. According to brokerage and investment group CLSA Asia-Pacific

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Colin’s Column | What is Wrong with Haute Couture and Fashion Today

Mona Bismarck wedding dress by Cristobal Balenciaga | Source: monabismarck.org

Today we are honoured to welcome Colin McDowell to our team of contributing editors at The Business of Fashion. In his regular column, we will hear his personal stories, reflections, and insights from over thirty years working in fashion as a designer, educator, critic and commentator. PARIS, France — In the wake of the couture shows in Paris, I have been thinking about what is wrong with current couture and, indeed, fashion

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CEO Talk | Matteo Marzotto, Chairman, Vionnet

Matteo Marzotto, CEO Vionnet | Source: BoF

MILAN, Italy — When Matteo Marzotto, stylish scion of the Italian fashion dynasty announced in February 2009 that he was acquiring the storied House of Vionnet, owned at the time by Arnaud de Lummen who had already had a go at reviving the sleeping beauty himself, the response from the fashion industry was simultaneously one of intrigue and distaste. On the one hand, a swarm of journalists and buyers packed into Marzotto’s Milan

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