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LVMH in talks to take over Tiffany & Co., Nike CEO Mark Parker steps down, Instagram tackles fake news

A round-up of everything you might have missed in relevant fashion, retail and tech industry news over the past week, including including LVMH in talks to take over Tiffanys&Co.

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

Top Stories
  • LVMH said to be vying for Tiffany & Co. with $14.5 billion acquisition offer (Fashion Law)
  • Nike CEO Mark Parker steps down (AdWeek)
  • Instagram adds ‘false information’ labels to prevent the spread of fake news (Mashable)
  • Can China ignite the wearable tech market with smart eyewear? (Jing Daily)
  • Rebag launches luxury appraisal tool Clair to evolve resale market (Fashion United)
  • Voice-enabled purchasing is on the rise (Mobile Marketer)
  • US-based TikTok competitor raises $28m in funding (TheDrum)
  • UK retail to lose 0.5m jobs as automation increases (Fashion Network)
Sustainability & Purpose
  • Nike & Ocean Conservancy announce Arctic shipping pledge (Highsnobiety)
  • H&M joins forces with Ikea to study recycled materials (Fast Company)
  • Selfridges doubles sustainable labelling scheme (Retail Week)
  • Lindex & Asket join Switching Gear project to explore circular business models (Fashion United)
  • Macy’s is banning fur for 2021 (Forbes)
  • Dove is redesigning its packaging to use more recycled plastic (Fast Company)
  • Karen Walker teams with Outland denim on sustainable collection (Fashion United)
  • Farfetch signs The Fashion Pact to tackle environmental issues (Retail Week)
Retail & Commerce
  • Louis Vuitton’s new Bond Street revamp (Drapers)
  • Adidas unveils new digital store in London (GQ)
  • H&M’s new Berlin store signals company’s retail evolution (WWD)
  • Ralph Lauren have launched a vintage Depop shop (i-D)
  • How Hugo Boss is turning its biggest plant into a smart factory (Fashion United)
  • Topshop/Topman logistics split from Arcadia Group (Drapers)
  • Sales at Moncler rise 10% in third quater despite Hong Kong hit (Reuters)
  • ASOS magazine shutters after 12 years (Vogue Business)
  • Next partners with O2 for new shop-in-shops (Retail Gazette)
  • Uniqlo ad sparks protests as South Korea-Japan disputes flare (BoF)
  • L’Oreal finalises acquisition of Mugler and Azzaro from Clarins (Fashion Network)
Marketing & Social Media
  • Dior debuts snapchat AR lenses for Dior x Rimowa luggage (WWD)
  • Smartphones are most popular devices for online shopping (Mobile Marketer)
  • 30 million people tune into Dior Shanghai fashion week show (Fashion United)
  • Tiktok: why retailers need to mast it to reach Gen Z (TheIndustry)
  • Acne Studios to collaborate with Mulberry (Fashion United)
  • Tommy Jeans launches exclusive collection with Amazon fashion (Fashion United)
  • Boohoo launches range with CoppaFeel! to encourage breast checks (Retail Gazette)
  • Disney and ‘This Girl Can’ join forces in brand collaboration (Campaign)
  • Tiffany launches men’s jewelry collection (Hypebeast)
  • The apps driving China’s ‘he-economy’ (BoF)
  • Instagram bans drawings and memes depicting self-harm (Dazed)
  • Bianca Saunders’s new exhibition is a celebration of black London creativity (i-D)
  • Will Chinese consumers forgive Dior? (Jing Daily)

How are you thinking about innovation? The Current Global is a transformation consultancy driving growth within fashion, luxury and retail. Our mission is to solve challenges and facilitate change. We are thinkers and builders delivering innovative solutions and experiences. Get in touch to learn more.

By Hannah Reed

Hannah Reed is Junior Researcher at the Current Global, where she contributes to both the editorial site and consultancy projects for clients including Google, Farfetch and Shiseido. Her research background is focused specifically on how artificial intelligence and data can transform the high street, while her interests lie in how new technologies and broader innovation can impact the global retail landscape.