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 latest funding round brings technology training platform CodeBoxx’s total valuation to $22 million. MadaLuxe Group, an international distributor of luxury fashion and accessories, said the seed round will help St. Petersburg, Fla.-based CodeBoxx expand its tech-training program, which focuses on bringing its training to minorities and members of other underrepresented groups who may have lacked access to tech training, to more cities in the US.
CodeBoxx, which launched in 2018, offers a 16-week proprietary training program that teaches people technology skills such as coding and guarantees them job placement upon completion. The program has so far placed graduates with eBay, the Sparc Group and Lucky Brand and MadaLuxe.
MadaLuxe said its investment in the program’s expansion to cities like New York and Philadelphia will help more retailers address the shortage of skilled tech talent as well as make those skills available to diverse communities. This marks only the latest investment for MadaLuxe, which in February led a funding round for Reflaunt, a platform that allows fashion labels to help their customers sell second-hand products.
BoF Careers provides essential sector insights for fashion's technology and e-commerce professionals this month, to help you decode fashion’s commercial and creative landscape.
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.