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.
"Knyttan Raises Seed Round, Aims to Disrupt $200 Billion Knitwear Market" (The Business of Fashion)
"Armed with $3.1 million in seed funding, Knyttan is building a 'curated customisation' platform to reinvent knitwear."
"Fitbit Reaches $4bn Valuation after Pricing IPO at $20" (The Financial Times)
"Fitbit clinched a valuation of more than $4bn after it successfully sold shares in an initial public offering that tested investor appetite as competition in the wearable device market ratchets up."
"New York vs London: Which Is the World's Fashion-Tech Capital?" (The Business of Fashion)
"London and New York are both home to vibrant start-up ecosystems. But which is the world's true fashion-tech capital?"
"Fitbay Doubles Down On Fashion Selfies" (TechCrunch)
"Fitbay has found users' own style photos (or 'fashion selfies' if you prefer) generate far more engagement than perfectly groomed marketing shots of clothes or perfectly proportioned models wearing said clothes."
"Crowdfunding on Etsy? Buyer beware." (Quartz)
"The move is bound to be a boon for the small-bit sellers who often struggle to pay upfront for the materials and equipment needed to manufacture new products, but it's a riskier endeavor for buyers of Etsy products who could end up paying for a product that they never receive."
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.