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.
"Buying Director Justin O'Shea on MyTheresa's New Family, the Neiman Marcus Group" (Style.com)
"The Neiman Marcus Group is making some big moves. Just the other week, the retailer announced it is opening its first Manhattan store in 2018. Yesterday, Neiman's revealed it has added the online luxury retailer MyTheresa into the fold."
"German Brothers to Make Billions from Rocket E-Commerce Empire" (Reuters)
"Oliver Samwer and his brothers Marc and Alexander are on the brink of becoming Germany's newest billionaires with the flotations of Rocket Internet and the European online fashion site Zalando it helped launch in 2008."
"Technology in the Spotlight at Burberry Show" (The Financial Times)
"As the models walked the runway of Burberry's London Fashion Week show, it was not just the vibrantly coloured clothes that caught the attention, but the technology around them. To coincide with the high-end Prorsum show on Monday, Twitter launched its click-to-buy button with Burberry."
"Online Fashion Firms Asos, Boohoo.com and N Brown See Shares Slide" (The Guardian)
"More than £190m was wiped off the value of online fashion group Asos on Tuesday after the retailer issued its third profits warning in six months as it struggles to conquer new territories. N Brown and Boohoo.com also saw their shares slide after the former tinkered with its marketing plans and investors worried that the online fashion chains might struggle to find profitable growth, particularly in international markets."
"LVMH's TAG Heuer Has Plans for Smartwatch" (Reuters)
"French luxury group LVMH's watch brand TAG Heuer has plans to launch its own smartwatch, the head of its watch business told a Swiss newspaper. 'We want to launch a smartwatch at TAG Heuer, but it must not copy the Apple Watch,' Jean-Claude Biver told Sunday newspaper NZZ am Sonntag."
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.