ICYMI: Fashion’s slavery problem, Ivanka to shutter brand, Facebook loses $120bn in value

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past week.

TOP STORIES
  • The fashion industry is one of the biggest supporters of modern slavery across the globe [Fashionista]
  • Ivanka Trump to shut down fashion company [CNN]
  • Facebook is now $120 billion smaller [Bloomberg]
SUSTAINABILITY & PURPOSE
  • Secondhand retailer thredUP pens open letter to Burberry over burned clothes [Fortune]
  • De Beers moves 200 elephants from South Africa to Mozambique [BBC]
  • Meet the first fashion designer to adopt Provenance’s blockchain service [Forbes]
  • Is inclusivity the new exclusivity? Gucci certainly thinks so [BoF]
RETAIL & E-COMMERCE
  • Amazon moves closer to becoming top retailer in US apparel [eMarketer]
  • Away opens shoppable airport-inspired experience, Terminal A [Forbes]
  • Ikea is going small [Fast Company]
  • Zalando buffs up beauty credentials with new Berlin shop [Reuters]
MARKETING & SOCIAL MEDIA
  • Fashion Nova conquered Instagram by embracing the “thirst trap” [Quartz]
  • How influencers are sparking the downfall of their industry [Vogue Arabia]
  • How Louis Vuitton upped its digital game in China [Jing Daily]
PRODUCT
BUSINESS
  • Mark Sebba, former CEO of Net-a-Porter, has died [Vogue UK]
  • LVMH brought in $25.5 billion in sales in the first six months of 2018 [The Fashion Law]
  • Kering touts McQueen as next star [WWD]
  • The RealReal raises $115M in series G financing [PR Newswire]
  • Prada to host second ‘Shaping a Future’ conference [WWD]
  • Balenciaga is being sued for “copying” its $2,000 kitschy New York bag [The Fashion Law]
CULTURE
  • Nike founder Phil Knight getting biopic treatment from Netflix [The Hollywood Reporter]
  • ComplexCon issues statement on Dior [WWD]
  • My 8-month search for $900 sneakers [NY Times]

 

How are you thinking about innovation? We’re all about finding you the perfect partners to do so. TheCurrent is a consultancy transforming how fashion, beauty and consumer retail brands intersect with technology. We deliver innovative integrations and experiences, powered by a network of top technologies and startups. Get in touch to learn more.