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Bits & Bytes | Luxottica & Intel, Cyber Monday, Clothing-Fit Tech, Lazada

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

"Intel and the Luxottica Group's New Partnership: Hope for the Wearables Market, or More Empty Promises?" (Pando Daily)
"Can anyone make wearable devices that don't look like cheap props from a sci-fi film? Intel hopes to find out through a new partnership with the Luxottica Group, an eyewear company responsible for several famous brands like Ray-Ban and Armani."

"Cyber Monday Online Sales Rose 17% to $2 Billion, ComScore Says" (Bloomberg)
"Holiday shopping on the Web rose 17 percent to a record $2.04 billion on Cyber Monday, researcher ComScore Inc. said, as consumers took advantage of online deals."

"Consolidation Begins in Clothing-Fit Tech as Fits.Me Buys Clothes Horse(The Wall Street Journal)
"Although the sector has been underway for just a few years, it is already consolidating. London-based Fits.me Holdings Ltd. is acquiring New York-based Clothes Horse Inc. for an undisclosed sum."

"Lazada, Rocket Internet's Amazon Clone In Southeast Asia, Raises $250M Led By Temasek" (TechCrunch)
"We don't often see companies announce funding rounds on the weekend, but that's not stopping Lazada, the Rocket Internet-backed e-commerce firm in Southeast Asia, from revealing today that it has pulled in €200 million (around $250 million) in fresh capital."

"Do You Have a Light? Ralph Lauren Does" (The New York Times)
"This week, the company is unveiling the third leg in its bid to position itself as not just fashion's premier dream Americana company, but also fashion's premier tech company."

"Shoes of Prey Raises $5.5 Million for Custom Footwear(The Business of Fashion)
"Shoes of Prey, a fashion e-tailer that lets users design their own shoes, has raised $5.5 million in a Series A round of funding."

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