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.
"Is Luxury E-Commerce Nearing Its Tipping Point?" (McKinsey & Company)
"Online sales of luxury goods could triple to €70 billion by 2025."
"Unpacking the Apple-Met Museum Fashion Collaboration" (The Wall Street Journal)
"Apple Inc. is helping the fashion industry deconstruct the tension between handmade and machine-made fashion, as it sponsors the Metropolitan Museum of Art's next big exhibit at its Costume Institute."
"Tommy Hilfiger Introduces Virtual Reality Headsets for Shoppers" (The New York Times)
"Tommy Hilfiger became the first major retailer to make virtual reality a fixture in its stores this week, offering its shoppers a virtual trip, via a Samsung GearVR headset, to the label's fall fashion show in New York this year."
"Rocket Internet: Waiting for Lift-Off" (The Financial Times)
"Investors worry that even the 'proven winners' of the German ecommerce group struggle for profitability."
"Start-Up Fashion Company Betabrand raises $15M" (VentureBeat)
"San Francisco-based fashion label Betabrand, the startup that brings to you the Dress Pant Yoga Pants, announced today that it has closed $15 million in funding from Morgan Stanley and Foundry Group."
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.