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.
"Jawbone Raises $165 Million at Half Its Last Valuation" (Bits)
"Jawbone, the once-hot wearable technology start-up, said that it had raised $165 million in funding at a valuation of $1.5 billion, or roughly half the amount that the company was valued at as recently as 2014, continuing a burgeoning trend of start-ups raising money at lower values than before."
"Instagram and the Watch World" (The New York Times)
"Beyond marketing and sales, Instagram — and social media as a whole — has created a level of consumer interaction that the rarified world of fine watchmaking had never experienced before."
"New Platform Launchmetrics Can Help Fashion Publicists Track the 'Influence' of Front Row Guests" (Fashionista)
"The digital system will combine Fashion GPS's industry-focused technology with Augure's influencer marketing software."
"'Fast Fashion' Jewellery Biz BaubleBar Grabs Another $20 Million" (TechCrunch)
"E-commerce shop BaubleBar, known for its 'fast fashion' take on women's jewellery, has closed on $20 million in new funding, the company announced today."
"Flipkart's Myntra Unit Expects to Turn Profitable in Fiscal 2017" (Reuters India)
"Myntra, part of Indian's biggest e-commerce company Flipkart, said it expects to turn profitable by the end of next financial year as the online fashion store looks at slashing discounts and curbing supply-chain costs."
The nature of livestream transactions makes it hard to identify and weed out counterfeits and fakes despite growth of new technologies aimed at detecting infringement.
The extraordinary expectations placed on the technology have set it up for the inevitable comedown. But that’s when the real work of seeing whether it can be truly transformative begins.
Successful social media acquisitions require keeping both talent and technology in place. Neither is likely to happen in a deal for the Chinese app, writes Dave Lee.
TikTok’s first time sponsoring the glitzy event comes just as the US effectively deemed the company a national security threat under its current ownership, raising complications for Condé Nast and the gala’s other organisers.