Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
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.
NEW YORK, United States — Gilt Groupe Inc.’s new chief executive officer is trying to restore the promise of the online luxury retailer by focusing on what the company does best: deep discounts on a deadline.
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.
The Branding of Dita Von Teese (NY Times) “Certainly she has bewitched the fashion world, gathering admirers like Christian Louboutin, Marc Jacobs (whose front row she has graced) and Jean Paul Gaultier, on whose runway she once performed an exotically elegant strip tease. She has appeared in a MAC cosmetics Viva Glam campaign. Her act, provocative in an airbrushed sort of way, has emboldened Cointreau, the upscale spirits
Halston design house gets major alteration under new owner (LA Times) “The storied New York design house Halston once dressed celebrities the likes of Elizabeth Taylor, Bianca Jagger andLiza Minnelli. Its founder, Roy Halston, partied with Andy Warhol at Studio 54 and designed Jackie Kennedy’s famous pillbox hat. But after decades of corporate turmoil, the label that once epitomized 1970s glamour in the Big Apple is
Prada frets about tourist stayaways (Reuters) “First-quarter profit doubled at the Milan-based maker of colored Miu Miu dresses, outpacing revenue growth, but the company is not immune from concerns about the euro zone, a sluggish U.S. recovery and a possible slowdown in Asia.” Lululemon CEO Eyes Holidays After Sales Miss (Bloomberg) “Chief Executive Officer Christine Day was unapologetic after projections for
Uniqlo: Cheap and Very Cheerful (WSJ) “Uniqlo came into being as Unique Clothing Warehouse in Hiroshima in 1984. The company, founded by current group president Tadashi Yanai, was based on the tailoring store that Yanai’s father opened in 1949 in Yamaguchi… The company changed its name to Fast Retailing Co. in 1991 and, in what seems like self-fulfilling prophecy, is now one of Asia’s fastest-growing
Stores Go Online to Find a Perfect Fit (NY Times) “When Andy Dunn helped start Bonobos five years ago, he wanted to shake up the retail industry with a men’s wear brand exclusively sold online. Now Mr. Dunn, 33, is embracing the brick-and-mortar model, striking a partnership with Nordstrom. It is a symbiotic deal. Bonobos will get $16.4 million in cash and more than 100 stores to sell its clothes, while Nordstrom will get
Yesterday, BoF was first to bring you the news of the recent $18 million investment in Farfetch.com. Today, we continue a week focused on e-commerce by examining the historical challenges faced by online retailers and how recent innovations and infrastructural advances have fundamentally improved the economics of e-commerce, setting the stage for a renaissance in online retail. SAN FRANCISCO, United States — Following the burst of