Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune
Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
bits-and-bytes
Technology
Bits & Bytes | EBay Fashion's Repositioning, Beauty Apps for Skincare
This week, eBay Fashion aims to compete against Amazon with a new campaign, while beauty companies are investing in apps to tap into the Gen-Z consumer.
Bits & Bytes | EBay Fashion's Repositioning, Beauty Apps for Skincare
This week, eBay Fashion aims to compete against Amazon with a new campaign, while beauty companies are investing in apps to tap into the Gen-Z consumer.
Technology
Bits & Bytes | Facebook Under FTC Investigation, Human Microchipping for Skincare
This week, demands grow for Facebook to explain its privacy policies, while human microchips may signal the future for the beauty industry.
Bits & Bytes | Facebook Under FTC Investigation, Human Microchipping for Skincare
This week, demands grow for Facebook to explain its privacy policies, while human microchips may signal the future for the beauty industry.
Technology
Bits & Bytes | JD.com Counterfeit Scandal, Zara Launches AR App
This week, e-commerce company JD.com is accused of selling counterfeit products, while Zara launches an augmented reality app to lure millennials.
Bits & Bytes | JD.com Counterfeit Scandal, Zara Launches AR App
This week, e-commerce company JD.com is accused of selling counterfeit products, while Zara launches an augmented reality app to lure millennials.
Technology
Bits & Bytes | Online Luxury Market to Triple by 2025, Stitch Fix Shares Fall 6 Percent
This week, online sales of personal luxury goods are set to reach $90 million, while Stitch Fix shares fall after posting second-quarter results.
Bits & Bytes | Online Luxury Market to Triple by 2025, Stitch Fix Shares Fall 6 Percent
This week, online sales of personal luxury goods are set to reach $90 million, while Stitch Fix shares fall after posting second-quarter results.
Technology
Bits & Bytes | The First Digital Supermodel, Apple Takes the Lead on Wearables
This week, Shudu is the first digitally-created supermodel, while Apple overtakes Fitbit in wearables sales.
Bits & Bytes | The First Digital Supermodel, Apple Takes the Lead on Wearables
This week, Shudu is the first digitally-created supermodel, while Apple overtakes Fitbit in wearables sales.
Technology
Bits & Bytes | Dolce & Gabbana Sends Drones Down the Runway, JD.com's Blockchain Accelerator
This week, Dolce & Gabbana uses drones instead of models at Milan Fashion Week, while JD.com launches accelerator for blockchain start-ups.
Bits & Bytes | Dolce & Gabbana Sends Drones Down the Runway, JD.com's Blockchain Accelerator
This week, Dolce & Gabbana uses drones instead of models at Milan Fashion Week, while JD.com launches accelerator for blockchain start-ups.
Technology
Bits & Bytes | Apple Watch Outperforms Swiss Watchmakers, Amazon and Target in War Over Apparel
This week, Apple sells more watches than the entire Swiss watchmaking industry, while Apple and Target are in competition for the same customer.
Bits & Bytes | Apple Watch Outperforms Swiss Watchmakers, Amazon and Target in War Over Apparel
This week, Apple sells more watches than the entire Swiss watchmaking industry, while Apple and Target are in competition for the same customer.
Technology
Bits & Bytes | Echo Look Partners With Vogue and GQ, Can an App Launch Fashion's #MeToo?
This week, Amazon's Echo Look will partner with Condé Nast publications to give out fashion advice, while Humans of Fashion will launch an app to provide the industry with a support network.
Bits & Bytes | Echo Look Partners With Vogue and GQ, Can an App Launch Fashion's #MeToo?
This week, Amazon's Echo Look will partner with Condé Nast publications to give out fashion advice, while Humans of Fashion will launch an app to provide the industry with a support network.
Technology
Bits & Bytes | Intel Launches Smart Glasses, AI Retail Spending to Reach $7 Billion
This week, Intel makes its first foray into wearables, while retailers are set to spend over $7.3 billion on AI by 2022.
Bits & Bytes | Intel Launches Smart Glasses, AI Retail Spending to Reach $7 Billion
This week, Intel makes its first foray into wearables, while retailers are set to spend over $7.3 billion on AI by 2022.
Technology
Bits & Bytes | Nike's Algorithm-Designed Sneaker, Amazon Raises Seller Fees
This week, Nike uses algorithms to design its Epic React Flyknit trainer, while Amazon raises fees for third-party apparel sellers.
Bits & Bytes | Nike's Algorithm-Designed Sneaker, Amazon Raises Seller Fees
This week, Nike uses algorithms to design its Epic React Flyknit trainer, while Amazon raises fees for third-party apparel sellers.
Technology
Bits & Bytes | Inside Amazon Go, Start-Up Finery's $5 Million Funding
This week, Amazon opens a convenience store of the future, while wardrobe start-up Finery generates $5 million seed funding from Farfetch and C Ventures.
Bits & Bytes | Inside Amazon Go, Start-Up Finery's $5 Million Funding
This week, Amazon opens a convenience store of the future, while wardrobe start-up Finery generates $5 million seed funding from Farfetch and C Ventures.
Technology
Bits & Bytes | Digital-Only Magazine Covers, Fashion and Wearables
This week, digital magazine covers are bringing media brands into the new age, while fashion's love affair with wearables may be over.
Bits & Bytes | Digital-Only Magazine Covers, Fashion and Wearables
This week, digital magazine covers are bringing media brands into the new age, while fashion's love affair with wearables may be over.
The News in Brief
Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.