Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
What can fashion-tech companies learn from Instagram’s success? Co-founder and CEO Kevin Systrom shares his start-up secrets.
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.
Fashion shows increasingly come with perfectly staged Instagram moments, observes BoF editor-in-chief, Imran Amed.
LVMH says Louis Vuitton CEO quits over ill health (Reuters) “Louis Vuitton’s new chief executive has quit suddenly from the helm of luxury group LVMH’s top brand because of health reasons, LVMH said on Tuesday. The world’s largest luxury company said Jordi Constans would be replaced by Michael Burke, chief executive since February of Bulgari, the Italian jeweller that LVMH added to its stable last
On Instagram, a Thriving Bazaar Taps a Big Market (NY Times) “Instagram, the picture-sharing application that Facebook bought earlier this year, has not yet figured out a way to make money. But some of its users have.” Hong Kong loses IPO crown (FT) “After three years of ruling the world, Hong Kong’s crown has undoubtedly slipped. This year the city fell to fourth place in the global rankings for initial public
The Fixer in the House of Narciso (WSJ) “For women’s fashion designer Narciso Rodriguez, it has meant hiring left-brain fashion-industry veteran Robert J. Wichser in May. The label tapped him to be chief executive and resident ‘suit’ at the 15-year-old label. Mr. Wichser’s mission is to help the Narciso Rodriguez label regain the business mojo that has eluded it in recent years.” Square to
Rich toddlers draw fashion designers’ eyes (Business Week) “Top fashion designers are pushing more expensive duds for the increasingly lucrative affluent toddler demographic. This fall, Oscar de la Renta, Dolce & Gabbana, and Marni launched collections for the pint-sized.” Bergdorf Goodman’s Online Push (WWD) “The retailer’s digital journey began with YouTube in 2007, followed by Facebook and
Yohji Yamamoto’s Museum Style (Interview) “Yohji Yamamoto, champion of the avant-garde, has built an empire crafting ready-to-wear clothing brilliantly complex in texture, fabric, and tailoring… Opening today, the Japanese designer’s work will be celebrated in Israel for the first time at Design Museum Holon, as part of a series of traveling museum exhibitions.” Instagram Becomes a Springboard for
Facebook buys Instagram: inflating the new tech bubble? (Telegraph) “Instagram has a significant user base in its own right, of around 30 million registered smartphone owners who have been promised the favourite photo app will retain its own identitiy. But with no particularly unique technology, the cash and stock Mark Zuckerberg will lay down for the firm is eye-popping.” Carine Roitfeld’s Initial Foray (WWD)
The Volume Stays Up (NY Times) “There seems to be no escape from the orgy of prints and color consuming the runways. It continued on Tuesday at Rodarte and Vera Wang, with runny floral patterns. It struck on Monday with ice-cream pastels at Preen, tribal prints at Donna Karan and blazing red at Ohne Titel… But if you look at many of the prints that have appeared this week, and the way they were handled, you don’t find