The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
"Browns Acquired by Farfetch as Part of Omni-Channel Growth Strategy" (The Business of Fashion)
"BoF has learned that online marketplace Farfetch has acquired London boutique Browns to develop and test new retail and omni-channel strategies."
"Fitbit in rude financial health ahead of IPO" (The Financial Times)
"When the company filed its prospectus for an initial public offering of at least $100m last week, even seasoned observers of the market were taken aback by the strength of its financial results."
"In Global E-commerce First, India's Largest Fashion Portal Myntra Ditches Website, Goes Mobile-only" (Forbes)
"Fashion portal Myntra owned by India's largest e-commerce firm, Flipkart, will shut its website and go mobile-only through its app."
"Mobile Shopping App Wish Possibly Raised More Than $500 Million, Now Valued At $3 Billion" (Forbes)
"Wish, a mobile shopping application, possibly raised more than $500 million according to financial filings obtained by VC Experts and shared with Forbes."
"Alibaba Boosts Its Stake in Online Retailer Zulily to 9.3%" (Bloomberg)
"Alibaba Group Holding Ltd., China's biggest e-commerce company that held its initial public offering last year, bought $56.2 million of stock in U.S. online retailer Zulily Inc. this week, according to a regulatory filing."
The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.