Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
bits-and-bytes
Technology
Amazon’s E-Commerce Dominance, Adidas Launches 3D-Printed Trainers
This week, Amazon is predicted to account for half of US online retail by 2021, while Adidas prepares to mass produce its new "Futurecraft 4D" shoe.
Technology
Luxury Brands' Digital Lag, L'Oréal's Technology Incubator
This week, luxury brands finally learn an online presence is essential, while Generation Z's use of Instagram rewrites the rules of selling fashion.
Technology
Alibaba's Global Retail Empire, Google's Impact on Luxury Investors and More...
This week, Alibaba's Jack Ma is challenging Amazon's retail ambitions, while Google searches have become a new essential for luxury investors.
Technology
Saks Fifth Avenue's Data Leak, Rent the Runway Co-Founder Exits and More...
This week, thousands of Saks Fifth Avenue customers' personal data was made available online, Jennifer Fleiss departs Rent the Runway and Wal-Mart launches a tech incubator in Silicon Valley.
Technology
LVMH to Launch E-Commerce, Amazon Resumes Souq.com Talks
This week, LVMH is reported to be positioning itself as a competitor to Net-a-Porter, while sources say negotiations for Amazon's $650 million acquisition of Souq.com have restarted, and more...
Technology
Bits & Bytes | Snap's Shares Slide, YNAP to Sell on WhatsApp
This week, Snap Inc.'s share prices have dropped to $22, below its initial trading price, and Yoox Net-a-Porter is developing technology to sell products directly through WhatsApp.
Technology
Bits & Bytes | Smart Mirrors, Softwear, Snap Lowers Valuation
This week, brick-and-mortar retailers toy with the idea of high-tech dressing-room mirrors, and Snap Inc. has lowered its valuation ahead of its imminent IPO.
Technology
Bits & Bytes | China's Taobao Villages, Amazon Leading the Way in Innovation
This week, how e-commerce is transforming China's poor and remote villages, and why Amazon is the most innovative company in the world.
Technology
Bits & Bytes | Snapchat's Multi-Billion Dollar IPO, Leather Grown in a Lab
This week, Snapchat files for IPO, seeking a $25 billion valuation amidst scepticism, while biotechnology companies grow sustainable leather in labs.
Technology
Bits & Bytes | An Automated Sewing Robot, Augmented-Reality Dressing Rooms
This week, automated sewing robots take the stage, while fashion companies employ augmented reality to let shoppers try on clothes from home.
Technology
Bits & Bytes | Inside Instagram's Reinvention, the Automation Revolution
This week, Kevin Systrom on evolving Instagram by looking at its past, while concerns about the rise of automation continue to grow.
Technology
Bits & Bytes | Instagram Stories Ads, Intel Invests $100 Million in Retail Tech
This week, Instagram implemented ads into their stories feature, and Intel invests heavily into the future of retail.
The News in Brief
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.
P&G Beats Revenue Estimates, Flags Bigger Hit to Annual Profit
The maker of Pantene shampoo was helped by strong personal care demand, but expects higher commodity costs to reduce profit by about $1.4 billion this year.