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
Marc Jacobs: A Conversation with Robert Duffy (Port Magazine) “Ask any creative person trying to make a living from design or art what the hardest part of their working life is and they’ll probably tell you it’s the business side of the company that keeps them awake at night… So it must have been a relief for Marc Jacobs when he, 28 years ago, met and befriended Robert Duffy.” Mulberry shares tumble on profit
Two Years After Entering Market, Yoox Launches Chinese Site (Jing Daily) “Two years after entering the China market with the launch of emporioarmani.cn, this week Milan-based designer discount e-commerce site Yoox launched a new Chinese site, Yoox.cn.” M&S retail veteran Bostock to join Asos (FT) “Kate Bostock, the former head of non-food retailing at Marks and Spencer, is to join Asos, the online fashion
Sporty? It’s the Olympics, Stupid! (IHT) “This year has been a game changer in British attitudes toward sports, leaving behind the typical ironic and laconic talk about being ‘good losers’ and instead rejoicing in gold medal glory. So it is with fashion. While New York designers appear to be moving away from their American sportswear roots, the London summer 2013 collections are embracing dynamic
Fashion’s New Establishment (AdWeek) “But since then, style blogs like The Man Repeller, Into the Gloss, Style Rookie and Bryanboy, aka Bryan Grey Yambao, have become assigned reading among the fashion set—and you’d be hard pressed to find them missing a single Fashion Week.” PPR Confirms It’s In Talks To Acquire Chinese Luxury Company (Bloomberg) “PPR, the French owner of Gucci, said it’s in discussions to
Prada to Add 260 Shops in 3 Years on Demand From BRICs (BusinessWeek) “Prada, the Italian fashion company that owns the Miu Miu and Church’s brands, plans to add 260 stores in the next three years to tap demand in emerging markets including Brazil, China and Persian Gulf countries.” Asos fashion retailer’s top managers reap £66m payout (Guardian) “Seven top managers of online fashion retailer Asos are being