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.
"Yoox Net-a-Porter Sells Stake to Middle East Retail Giant" (The New York Times)
"Yoox Net-a-Porter, an e-commerce group that calls itself the "world's biggest luxury fashion store," is setting its sights on the Middle East, selling a 100 million-euro stake to Alabbar Enterprises."
"Will Millennials Want to Go Shopping With Facebook Messenger Bots?" (Bloomberg)
"If successful, the model would essentially eliminate the need to open a third-party app for a broad range of transactions."
"Internet of Clothing Is Coming Through Huge Label Deal" (Fortune)
"Avery Dennison, a packaging and labelling giant that puts labels onto products from brands like Nike, Adidas and Hugo Boss, has struck a deal with "Facebook for things" firm Evrythng to create unique web identities for at least 10 billion pieces of apparel over the next three years."
"Amazon Eyed Up Everlane, Le Tote and More for Acquisition in a Wider Fashion Push" (TechCrunch)
"The e-commerce giant has considered buying several startups in the fashion sphere as potential acquisitions to update and expand its presence in the category."
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"Zalora, Rocket Internet's Unprofitable Asian Fashion Portal, is Selling Off Business Units" (TechCrunch)
"Rocket Internet's fashion-focused site that raised over $250 million and was once on an equal footing with $1.5 billion-valued Lazada, is shedding two of its lacklustre country businesses to cut down on costs."
"Vente-Privee Buys Spanish Fashion E-Commerce Site Privalia for $560 Million" (TechCrunch)
"The price-tag on the sale of veteran Spanish e-commerce player Privalia, headquartered in the city, to France's Ventee-Privee has not been officially disclosed but recent rumours swirling about a possible exit for Privalia pegged the price being discussed at up to €500 million."
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.
Brands are using them for design tasks, in their marketing, on their e-commerce sites and in augmented-reality experiences such as virtual try-on, with more applications still emerging.