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Bits & Bytes | Etsy IPO, Maison MRKT, Spring, Apple Watch

Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Etsy | Source: Shutterstock
By
  • Kate Abnett

"Etsy IPO Prices at Top of Range, Values Retailer at $1.78 Billion" (Reuters)
"Etsy Inc's initial public offering has been priced at $16 per share, a market source told Reuters, valuing the online retailer of handmade goods and craft supplies at about $1.78 billion (1.20 billion pounds)."

"These Guys Help Fashion Labels Get the Web" (The New York Times)
"While the digital boom has sired a cottage industry of digital agencies and ambitious start-ups, few are pitched as specifically to e-commerce in the fashion industry as is Maison MRKT."

"Spring, the Shoppable Instagram, Closes $25M in Series B" (TechCrunch)
"Spring, the Instagram for shopping, has today closed $25 million in Series B funding led by Box Group, with participation by Yuri Millner, Groupe Arnault, Google Ventures, and Thrive Capital."

"Six Percent of U.S. Adults Plan to Buy Apple Watch, Says Poll(Reuters)
"About 6 percent of U.S. adults plan to buy Apple Inc's smartwatch according to a Reuters/Ipsos poll, with men twice as likely as women to purchase Apple boss Tim Cook's first new major product."

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"Digital China Leaving Ostrich Brands Behind(The Business of Fashion)
"Chinese consumers are flocking to the Internet to make luxury purchases on local e-commerce sites. International luxury goods brands need to get their heads out of the sand to catch up, says Luca Solca, head of luxury goods at Exane BNP Paribas."

"Jawbone Launches New UP4 Band Amid Lawsuits and Shipping Delays" (Bloomberg)
"Just as the Apple Watch arrives to take over many of the functions of a fitness band, Jawbone has announced a new line of bracelets with payment features just like an Apple product."

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