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.
A deal, said to be in the works by local media outlets last week, could see the South Korean tech giant acquire a controlling stake worth around $1 billion in Zigzag, a six-year-old start-up.
Zigzag creates personalised shopping experiences with an AI algorithm and hit 750 billion won ($671 million) in transactions last year. Kakao, which operates top messaging platform KakaoTalk alongside e-commerce and gaming services, is yet to confirm the news and is looking at “a range of options,” The Korea Herald reports.
This new development follows last month’s news that Kakao was no longer in the running to buy a controlling stake in eBay Korea. South Korea’s growing appetite for e-commerce is driving growth and consolidation in the wake of Covid-19, with retail and tech giants from Shinsegae and Lotte to Coupang and Naver looking to amp up their services in an increasingly competitive landscape.
At Egypt Fashion Week, BoF founder Imran Amed shared the origin story of BoF and reflects on the forces that will shape fashion in the coming decade.
The timeless appeal of the south Asian classic has gone global — and a new London exhibition shows how it has been reinvented.
The second edition of Oud Fashion Talks explored the forces transforming the Gulf’s fashion industry today, with key learnings from BoF Insights’ ‘Fashion in the Middle East’ report and from executives of local retailers, manufacturers, designers and entrepreneurs.
Accessible luxury and advanced contemporary brands in the US and Europe can expect greater competition from Australian labels expanding overseas like Camilla, Aje and Rebecca Vallance.