Germany’s Rocket Internet, a venture capital group that has launched dozens of online start-ups, expects to raise almost double the amount it initially targeted from its initial public offering, pricing shares to value the firm at some $8 billion.
Black Milk’s rabid fan base is the driving force behind the fast-growing Australian clothing brand, influencing everything from product design to marketing. BoF examines one of fashion’s most obsessive fandoms.
U.S. retailers are suffering through the slowest back-to-school shopping season since the recession ended in 2009, raising concern that the year-end holidays will bring more of the same.
Using a combination of word-of- mouth and advertising, Alibaba Group Holding Ltd. is tapping the millions of Chinese outside its homeland from Singapore to San Francisco to accelerate global expansion.
Rocket Internet AG, which has copied business models from Airbnb Inc. to Birchbox Inc., plans to raise 750 million euros ($970 million) in one of Europe’s most anticipated technology initial public offerings this year.
Rakuten Inc. agreed to buy U.S. rebates website Ebates Inc. in Japan’s largest e-commerce deal on record as the operator of the country’s biggest online mall seeks overseas growth through acquisitions.
For Twitter Inc., a tweet will soon be more than a form of communication or an ad — it will be an invitation to buy. The San Francisco-based microblogging company is testing a “buy” button so consumers can purchase directly from tweets posted on its service.
Alibaba Group Holding Ltd., China’s largest e-commerce company, is emerging in Brazil as a challenger to entrenched foreign rivals EBay Inc. and Amazon.com Inc. as consumers seek cheap imports.
BoF compiles the most important professional moves of the week.
Investment AB Kinnevik and Rocket Internet AG, the e-commerce accelerator founded by Germany’s Samwer brothers, agreed to combine five online fashion businesses to create a global powerhouse.
JustFab Inc., an e-commerce startup with brands including ShoeDazzle and FabKids, has become the latest company to be valued at more than $1 billion.
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.