Facebook Inc. is buying TheFind Inc., a search engine for Web shopping, as the world’s largest social network seeks to make more money from people shopping online.
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
NEW YORK, United States — Alibaba Group Holding Ltd. may give Marissa Mayer a $10 billion chance to accelerate her dealmaking.
SAN FRANCISCO, United States — Mark Zuckerberg’s latest deal shows how high he’ll go, and how fast he’ll move, to keep Facebook Inc. growing by buying out the competition.
LONDON, United Kingdom — The fashion universe has always been a bit of a self-contained bubble to outsiders. Those too-tall models in acres of silk? Those outlandish shoes you can't walk in? The dresses that cost as much as a small car? Nice to look at, but hardly a part of most people's lives. The organizers of London Fashion Week, which kicked off Friday, are hoping to change that perception.
SAN FRANCISCO, United States — Facebook Inc.’s success in mobile advertising, which is making it a stronger rival to Google Inc., is also providing a model for other social-networking sites such as Twitter Inc., Pinterest Inc. and Snapchat Inc.
The Long View | Chris Anderson Says the ‘Maker’ Movement is the Next Industrial Revolution (The Long View) “Since the birth of the personal computer and the Web, people have used relatively simple and accessible new technologies to create, connect and collaborate in ways that were previously unimaginable. For one thing, simple blogging tools and social media platforms have fundamentally democratised mass media, ending the
LONDON, United Kingdom — Last week, London’s digital fashion community gathered at the Decoded Fashion conference to debate and discuss the ongoing shifts in consumer technology and social media which are reshaping the fashion and luxury industry as we know it. At the heart of the digital revolution engulfing fashion is Facebook. It’s been a big year for the world’s biggest social network. First came the
Retailers fear Olympics might ring hollow (FT) “Optimism that the games would generate a rise in economic activity, to offset the effects of the recession and the eurocrisis, has given way to scepticism as the opening ceremony creeps closer.” Global luxury brands put up sale signs to woo first-time buyers (Economic Times) “International luxury brands such as Chanel, Christian Dior and Burberry have started
Vintage for Today? (IHT) “‘New vintage — for today,’ said Mr. Lagerfeld, referring to a flow of high-waisted, wide pants that might have come from hazy photographs of a mademoiselle in Deauville but were, in fact, invented in one of the designer’s gouache drawings” Fashion Industry Aims To Corner the Chinese Market With Weibo (Fashionista) “If you’ve heard of Weibo, you’ve probably heard it described
Burberry’s Angela Ahrendts: High tech’s fashion model (Fortune) “Ahrendts has been boldly reinventing Burberry’s image and operations since she arrived at the British company six years ago. Her moves have paid off handsomely: Annual sales of some $3 billion are more than double 2007 levels, and the stock has returned nearly 300% since Ahrendts’ arrival.” Jones Group tries on new shoes
In the Spotlight’s Glare (NY Times) “Much of what has been written about Mr. Elbaz on the occasion of his 10th anniversary as the designer of Lanvin, a milestone that normally might merit a mention somewhere near the classifieds, could illustrate what is a rare example in the catty fashion industry of the Buddhist concept of mudita, or taking pleasure in another person’s good fortune. These days, everyone seems to love him,
LONDON, United Kingdom — It’s now common knowledge that social curation site Pinterest — which attracted its first 10 million users faster than any other website in history — is the fastest growing social platform today, with 18.7 million users as of March, according to comScore. But what does this mean for social giant Facebook, fashion businesses and the bottom line? According to research provided exclusively to BoF, it turns out