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Bits & Bytes | Gilt Groupe Sold for $250m, Wearables at CES, Under Armour Gadgets

Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
A smartwatch at CES | Source: Shutterstock
By
  • Kate Abnett

"Hudson's Bay to Acquire Gilt Groupe for $250 Million" (Bloomberg)
"Gilt Groupe Holdings Inc., a startup once valued at about $1 billion, agreed to be acquired by Hudson's Bay Co. for $250 million in cash."

"CES 2016: Fitbit Launches Latest Fitness-Focused Smartwatch" (The Financial Times)
"The launch comes as CES sees a swath of companies from outside of the traditional tech sector looking to challenge Fitbit's dominance of the wearable tech market."

"L'Oreal Unveils Smart Skincare Patch at CES" (Bloomberg)
"L'Oreal introduced a skin patch on Wednesday designed to monitor ultraviolet exposure and help consumers educate themselves about sun protection."

"How Under Armour Plans to Turn Your Clothes Into Gadgets" (Wired)
"Under Armour was founded on a simple idea: Make athletes better. To do that, it's turning human performance into a big data problem."

"Grindr, the Gay Dating App, Hooks Up With Fashion" (The New York Times)
"On Sunday, the app will live-stream the fall 2016 men's wear show of J. W. Anderson as it hits the runway at London Collections: Men, the city's biannual men's fashion week."

"Fitbit Heart Rate Tracking Is Dangerously Inaccurate, Lawsuit Claims" (The Telegraph)
"Claims from fitness tracking company Fitbit that its wristbands can accurately monitor owners' heart rates are wildly and in some cases dangerously misleading, according to a lawsuit."

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