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.
"Lucky Magazine Shuts Down Once and for All, Here's Why It Failed" (Mashable)
"On Friday, the handful of remaining staffers at The Lucky Group's editorial side were dismissed, the final gasp of a publication that once held sway over 1 million readers, many of them young women and avid online shoppers."
"Showroomprive Raises $280 Million After IPO Priced at Low End" (Bloomberg)
"Online retailer Showroomprive and its owners sold shares for 256 million euros ($280 million) in an initial public offering to help fund expansion beyond France"
"Intel is Chipping Away at Fashion" (The New York Times)
"Intel Corporation likes to fit billions of transistors on a square inch of silicon, but in September, it tried something really challenging: blending computers and fashion in a way people would actually want to wear."
"Jet.com Raising up to $500 Million Led by Fidelity at $1 Billion Valuation" (Re/Code)
"Jet.com has signed a term sheet for a huge new funding round led by mutual fund giant Fidelity, multiple sources told Re/code. The ambitious e-commerce startup is raising as much as $500 million at a valuation of around $1 billion pre-money."
"Can Luxury Brands Hack Their Own Growth?" (The Guardian)
"Exclusive brands have shied away from scaling their businesses by exploiting digital networks, but shrinking marketing budgets could change their minds."
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.