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.
The deal values Hypebeast at $530 million and includes a $13.3 million private equity investment from celebrity backers, including Tom Brady and Naomi Osaka. The Wall Street Journal first reported the news.
According to a regulatory finding, in the six months to the end of September, Hypebeast posted a net profit of around $8 million.
Hypebeast did not immediately reply to BoF’s request for comment on the report.
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The launch of the Brazilian social media channel Hypebeast Brasil, expands the platform’s international presence beyond Asia, the Middle East and English-speaking markets.
Luxury book publishers — and husband and wife — Prosper and Martine Assouline join BoF founder and editor-in-chief Imran Amed to discuss the genesis of their publishing business and how they are growing it into a global lifestyle brand.
Now under the ownership of British publisher Future, both Marie Claire and WhoWhatWear are contending with how to grow their new parent’s US operations in the ever-challenging media landscape.
Fast Company has named The Business of Fashion one of the ‘world’s most innovative companies’ for a second time for demonstrating ‘how a media brand can leverage AI to add reader value rather than erode trust with AI-written news articles.’
The ByteDance-owned app has big ambitions to be an e-commerce player in league with Amazon with influence in fashion on par with Instagram. Now it’s facing new threats — both from outside and within.