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.
On Wednesday, Zuckerberg posted an image of himself with Leonardo Del Vecchio, the billionaire chairman of eyewear behemoth EssilorLuxottica and founder of the Luxottica Group. Del Vecchio was testing out a wrist-based device Meta has been developing to pair with the smart glasses the companies are creating in a multi-year partnership. In 2021, they released Ray-Ban Stories, their first-generation smart glasses.
”Great to be back in Milan to discuss plans for new smart glasses with Leonardo Del Vecchio and the EssilorLuxottica team,” Zuckerberg captioned the post. “Here Leonardo is using a prototype of our neural interface EMG wristband that will eventually let you control your glasses and other devices.”
It wasn’t his only meeting in the city. On Thursday, Federico Marchetti, founder of Yoox and former CEO of the Yoox Net-a-Porter, posted his own picture with Zuckerberg on Instagram. “META-PORTER in Milan. Ciao Mark!” he wrote in the caption.
Tagged in the photo were Lorenzo Bertelli, who is the son of Prada’s Miuccia Prada and Patrizio Bertelli and poised to take over the company, as well as Geoffroy Lefebvre, the current CEO of Yoox Net-a-Porter. Others in the photo included Renzo Rosso, founder of OTB Group, and Brunello Cucinelli, whose eponymous luxury label has been said to be a favourite of Zuckerberg’s.
The reason for Zuckerberg’s meeting with Marchetti and the other business leaders was less clear from the photo than his meet up with Del Vecchio. But last year, Zuckerberg offered his vision for the metaverse in a presentation that included his idea of what fashion might look like in the blended digital and physical world he imagines.
“Inspiring discussion about the Meta-future,” Rosso wrote in his own Instagram post about the meeting.
In a statement, Meta noted the metaverse won’t be built by one company and that Italian fashion businesses are already using “new technologies like augmented and virtual reality” to sell their goods. “We’re excited to continue to work with Italian partners to bring this vision for the metaverse to life,” it said.
There may be a better analogy than e-commerce to size up fashion’s metaverse opportunity: will it be more like streaming or 3D movies?
The camera company-cum-social media platform launched a slew of new tools to help brands create augmented reality products in one click. Millions of users are already buying in.
While announcing Facebook’s rebrand as Meta, Mark Zuckerberg offered his vision of the metaverse, and how we’ll dress in it.
Marc Bain is Technology Correspondent at The Business of Fashion. He is based in New York and drives BoF’s coverage of technology and innovation, from start-ups to Big Tech.
The data and technology business has developed proprietary tools that allow analysis of customer engagement, marketing strategies and lifetime value, working with the likes of The Economist, MyTheresa and Diageo. BoF speaks to Good Growth’s CEO and co-founder to learn more.
The sneaker brand has faced challenges in the year since it launched a 3D online space and introduced NFT-linked sneakers, but it sees a long-term opportunity ahead in virtual goods and experiences, including a chance to make them a significant part of its business.
The company, which rolled out its Shop feature to all US users this week, is banking on its powerful algorithm to help it succeed where Instagram and others have failed by delivering a constant stream of products along with its targeted content into users’ feeds.
The buzzy brand, which used the technology to help design the collection it showed at New York Fashion Week, appears to be the first to use it to create physical runway looks, or at least the first to acknowledge it.