The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Online flash sale site Rue La La, which counts eBay as an investor, is exploring a sale that could value the company at around $400 million, people familiar with the matter said on Monday.
NEW YORK, United States — Gilt Groupe Inc., an online retailer of discounted luxury goods, picked Goldman Sachs Group Inc. to manage its initial public offering, according to people with knowledge of the deal.
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
Bargains on Flash Sale Sites Serve a Long-Range View (NY Times) “Flash sale Web sites, a thriving e-commerce trend to promote limited-time sales, started as a way for brands to unload excess inventory… But now they have become something else: a way to advertise and find new customers, many of whom visit the sites of the brands and buy full-price merchandise soon after the sales.” Olympics Ahoy! (IHT) “Love
Oprah salutes Ralph Lauren and the American dream (LA Times) “So few people, in these starkly striated economic times, during which the barriers between classes have become more insurmountable than ever, get to traverse the chasms of culture and economy that have been leapt by Winfrey and Lauren.” Hermès Ownership Battle Continues (Epoch Times) “The controversial takeover of Hermès by LVMH Moet Hennessy Louis
Available now, gone in a flash (LA Times) “Private sample sales generated $1 billion last year, a relatively small piece of the $155-billion e-commerce pie. But the category is thriving, with more than $100 million in venture capital flooding into the space in the last six months alone.” Zozotown Gets Japan Fashion Online (WSJ) “Aside from Japanese start-up brands, many high-profile established Japanese brands