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
Bits & Bytes | ASOS's Working Conditions, Intel and Chalayan on the Runway
This week, an investigation into e-commerce retailer Asos's working conditions and Hussein Chalayan partners with Intel.
Technology
Bits & Bytes | Snapchat Spectacles, LVMH's Digital Drive
This week, Snapchat launches its first wearable, while LVMH's digital revolution has been slow to start.
Technology
Bits & Bytes | Coach Closes TMall Shop, Mode Media Shuts Down
This week, Coach stops selling handbags on Alibaba's TMall and digital lifestyle media company Mode Media shuts down.
Technology
Bits & Bytes | iPhone 7, Amazon Pop-Up Shops, Snapchat's IPO
This week, Apple launches the iPhone 7, Amazon reportedly considers pop-up shops and Snapchat could IPO soon.
Technology
Bits & Bytes | Google's Fashion Search Carousels, Asos £20M Settlement
This week, Google is experimenting with search carousels curated by catwalk brands and Asos pays £20 million for trademark infringement.
Technology
Bits & Bytes | Luxury Brands Online in China, Shoppable Video
This week, Chinese luxury consumers are moving online and the future of shoppable video.
Technology
Bits & Bytes | Lab-Grown Leather, Zalando Expands, Instagram Business Tools
This week, Instagram and Pinterest expand their offerings to businesses, and a New York start-up is engineering lab-grown leather.
Technology
Bits & Bytes | India Tech, MIT Innovation Lab, Outfittery Raises $22M
This week, the battle for users amongst India's tech companies heats up, while an MIT innovation lab pioneers technical apparel for people with disabilities.
Technology
Bits & Bytes | Walmart Buys Jet.com, African E-Commerce Startups
This week, in the biggest ever e-commerce acquisition, Walmart bought $3.3 billion Jet.com, while African web startups are trying to tap the continent's one billion consumers.
Technology
Bits & Bytes | Instagram Stories, High-Tech Olympic Apparel
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Technology
Bits & Bytes | Flipkart Buys Jabong, Dollar Shave Club $1bn Sale
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Technology
Bits & Bytes | Online-Only Asos Shines, Brexit Bad For Fashion
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
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.