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 | Fitbit Acquires Smartwatch Manufacturer, Wearables Cling to Relevancy at CES
Fitbit looks to the luxury market as it acquires smartwatch start-up Vector, and a new generation of wearables appear at CES.
Bits & Bytes | Fitbit Acquires Smartwatch Manufacturer, Wearables Cling to Relevancy at CES
Fitbit looks to the luxury market as it acquires smartwatch start-up Vector, and a new generation of wearables appear at CES.
Technology
Bits & Bytes | Rent the Runway Raises $60M, How WeChat Became the App for Everything
This week, online rental platform Rent the Runway raises $60 million and the rise of social media app WeChat in China.
Bits & Bytes | Rent the Runway Raises $60M, How WeChat Became the App for Everything
This week, online rental platform Rent the Runway raises $60 million and the rise of social media app WeChat in China.
Technology
Bits & Bytes | Instagram Wants to be Pinterest, Shiseido Invests in Beauty Tech
This week, Instagram borrows from Pinterest with a 'Save for Later' button and Shiseido creates an internal venture capital organisation to develop innovative beauty products and services.
Bits & Bytes | Instagram Wants to be Pinterest, Shiseido Invests in Beauty Tech
This week, Instagram borrows from Pinterest with a 'Save for Later' button and Shiseido creates an internal venture capital organisation to develop innovative beauty products and services.
Technology
Bits & Bytes | AR Will Beat VR, Weibo Lures Luxury Brands
This week, the comeback of Chinese social media app Weibo has attracted luxury brands and why augmented reality is set to be bigger than virtual reality.
Bits & Bytes | AR Will Beat VR, Weibo Lures Luxury Brands
This week, the comeback of Chinese social media app Weibo has attracted luxury brands and why augmented reality is set to be bigger than virtual reality.
Technology
Bits & Bytes | The Rise of Voice Control, 3-D Printing, High Fashion Embraces Self-Checkout
This week, voice control assistants like Amazon Echo gain traction, 3-D printing and fashion continue to collaborate and Rebecca Minkoff tests self-checkout services.
Bits & Bytes | The Rise of Voice Control, 3-D Printing, High Fashion Embraces Self-Checkout
This week, voice control assistants like Amazon Echo gain traction, 3-D printing and fashion continue to collaborate and Rebecca Minkoff tests self-checkout services.
Technology
Bits & Bytes | Le Tote Bets Big on Data, Virtual Fitting-Rooms, Talking Bots
This week, subscription box Le Tote harnesses big data to curate clothes for customers, virtual fitting-rooms make shopping online easier and talking bots help us get more out of AI.
Bits & Bytes | Le Tote Bets Big on Data, Virtual Fitting-Rooms, Talking Bots
This week, subscription box Le Tote harnesses big data to curate clothes for customers, virtual fitting-rooms make shopping online easier and talking bots help us get more out of AI.
Technology
Bits & Bytes | Instagram's New Features, The Era of Predictive Commerce
This week, Instagram launches live video and vanishing chat images, and how predictive AI will change the way we shop.
Bits & Bytes | Instagram's New Features, The Era of Predictive Commerce
This week, Instagram launches live video and vanishing chat images, and how predictive AI will change the way we shop.
Technology
Bits & Bytes | Shoppers Prioritise Speedy Delivery, $1BN E-Commerce Venture Targets Middle East
This week, a report reveals the importance of speedy delivery services to holiday shoppers and a $1 billion e-commerce venture from Saudi Arabia PIF and Alabbar targets the Middle East's growing online retail market.
Bits & Bytes | Shoppers Prioritise Speedy Delivery, $1BN E-Commerce Venture Targets Middle East
This week, a report reveals the importance of speedy delivery services to holiday shoppers and a $1 billion e-commerce venture from Saudi Arabia PIF and Alabbar targets the Middle East's growing online retail market.
Technology
Bits & Bytes | Fake Retail Apps on the Rise, How to Maximise Mobile Retail
This week, fake retail apps surge in the run up to the holidays and how to make use of mobile retail, as it overtakes desktop for the first time.
Bits & Bytes | Fake Retail Apps on the Rise, How to Maximise Mobile Retail
This week, fake retail apps surge in the run up to the holidays and how to make use of mobile retail, as it overtakes desktop for the first time.
Technology
Bits & Bytes | Digital-First Vogue Arabia, Styling Algorithms
This week, Condé Nast launches digital-first Vogue Arabia, and a lab in South Korea creates a search engine for fashion items.
Bits & Bytes | Digital-First Vogue Arabia, Styling Algorithms
This week, Condé Nast launches digital-first Vogue Arabia, and a lab in South Korea creates a search engine for fashion items.
Technology
Bits & Bytes | LVMH Says No to Amazon, Pay By Nodding
This week, LVMH says it will never sell on Amazon and Alibaba allows VR customers to pay by nodding.
Bits & Bytes | LVMH Says No to Amazon, Pay By Nodding
This week, LVMH says it will never sell on Amazon and Alibaba allows VR customers to pay by nodding.
Technology
Bits & Bytes | Clothes Created By Robots, Google and Facebook's VR Race
This week, robot-made clothes are closer to being a reality and Facebook and Google focus on VR.
Bits & Bytes | Clothes Created By Robots, Google and Facebook's VR Race
This week, robot-made clothes are closer to being a reality and Facebook and Google focus on VR.
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.