The Zalando-owned streetwear and youth culture media platform announced the layoffs of 24 employees last week, citing unfavourable economic conditions and the need for cost-cutting measures, sources said.
Zalando’s acquisition of Highsnobiety is just the latest in a spate of deals in which a company seeking relevance snapped up a smaller, hipper entity in the hopes of reaching a savvier, often younger, consumer. But does chasing cool ever work?
Join us for the BoF VOICES 2023 livestream, taking place from Tuesday, November 28 to Thursday, November 30, to examine the cultural, technological and economic forces shaping the global fashion, luxury and beauty landscape.
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