As money pours into fashion-tech start-ups, at sky high valuations, BoF talks to leading investors to assess the existence of a bubble and understand what separates winning investments from those that are failing.
LONDON, United Kingdom — Asos Plc, the U.K.’s largest online-only fashion retailer, said second-quarter sales growth accelerated as young U.K. shoppers sought out its budget-price fashions.
NEW YORK, United States — For nearly 20 years, eBay has been the dominant player in the market for vintage clothing and accessories. Now, a slew of start-ups are poised to disrupt the business of online fashion resale. The last quarter of 2012 saw a veritable avalanche of activity in the space, including the launch of no fewer than five notable online vintage sites: Byronesque, Bib and Tuck and Nifty Thrifty in October; Vaunte and
SAN FRANCISCO, United States — Online sales of apparel and accessories are growing faster than any other e-commerce product segment in the US, driven primarily by improvements in online merchandising and return policies, according to a report released by eMarketer last April. But despite these advancements, the difficulty of finding the right size and fit without trying on prospective purchases in a physical store remains a major
Chanel’s Scottish Touch Warms Up the Scottish Highlands (IHT) “The Chanel show that Karl Lagerfeld put on last week at Linlithgow Palace, near Edinburgh, was spectacular in every sense of the word. The burning braziers, sending quivering light over old stone, and the dinner held in a tented space, arising like magic on the hillside, were outshone only by an exceptional collection.” H&M Launches First Global
LONDON, United Kingdom — The Savigny Luxury Index (‘SLI’) increased by almost 3 percent in November, while the MSCI World Index (‘MSCI’) slipped nearly 1 percent for the month. From mid-November, global markets and the SLI enjoyed a strong rally on better economic news from China and hopes that the US might avoid the feared fiscal cliff. Big news A flurry of positive economic newsflow has lifted investors’
In a Click, a Vivid Fashion Garden (IHT) “The effects of this digital age seem to reverberate beyond computers and smartphones… In the fashion world, it may take a sophisticated designer to work those patterns of burning bright blooms into something stylish and wearable, yet the actual process is just another computer click. The floral effects are rarely just sketched, more probably manipulated. The British designer
Nike sells Umbro brand to Iconix (FT) “Iconix Brand Group has agreed to buy Nike’s Umbro sports apparel and footwear unit for $225m in cash, marking the fashion brand’s second deal with the US sportswear group.” Accessible Luxury Brands Ride China’s Middle-Class Wave (Jing Daily) “As the battle rages on between high-end and high-street brands in mainland China and Hong Kong, one ongoing trend to watch is the