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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, including fashion’s role in modern slavery, Ivanka Trump’s brand shuttering and Facebook’s $120bn valuation drop.

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]

 

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By Bia Bezamat

Bia Bezamat is a fashion journalist by trade and innovation expert with experience spanning fashion, retail, grocery and hospitality. Originally from Brazil, she is interested in how cultural, behavioral and technological shifts influence how consumers and brands interact with each other. As Senior Innovation Editor and Strategist at Current Global, she helps brands understand changing consumer behaviors and the evolving technology landscape.