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LVMH’s $16bn Tiffany&Co deal, Coty’s Kylie Cosmetics takeover, H&M’s size-free denim

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

Top Stories
  • LVMH confirms deal to acquire Tiffany&Co for $16.2 billion (CNBC)
  • Coty acquires majority stake in Kylie Jenner’s beauty business for $600million (Retail Dive)
  • H&M’s Weekday Denim to sell ‘size-free’ jeans in 2020 (WWD)
  • The State of Fashion 2020 report (BoF)
Technology
  • Adidas AR activation drops shoppers into a trash-filled virtual ocean (Mobile Marketer)
  • 4 ways to address gender bias in AI (Harvard Business Review)
  • Chipotle rolls out Alexa voice ordering (Mobile Marketer)
  • Tesla’s new Cybertruck smashed during demo (BBC)
  • JC Penney rings in holiday proposal season with AR ad driving virtual try-ons (Retail Dive)
  • Amazon launches a Dash Smart Shelf that automatically restocks supplies (TechCrunch)
  • 3D configurators aren’t a gimmick – they’re the future of shopping (The Next Web)
Sustainability & Purpose
  • New senate bill proposes animal-testing ban for cosmetics (WWD)
  • Sainsbury’s opens ‘giving store’ to collect food and gift donations (Campaign)
  • Etihad, Boeing announce first-of-its-kind eco-friendly plane (Khaleej Times)
  • Gucci boos Marco Bizzarri urges CEOs to fight climate change (Retail Gazette)
  • Everlane has eliminated 75% of virgin plastics from its supply chain (Vogue Business)
  • Retailers take a stance on ‘dirty viscose’ (Drapers)
  • Air Co launches as ‘worlds first carbon-negative vodka’ (Dezeen)
  • Conde Nast to rethink plastic packaging (WWD)
  • Boots scraps plastic pharmacy bags for compostable bags (Retail Gazette)
Retail & Commerce
  • Patagonia opens first Worn Wear store (Retail Dive)
  • Cartier unveils digital platform: Cartier Care (WWD)
  • Mulberry to open new store concept at Victoria Leeds (Fashion United)
  • Amazon opens four-day Black Friday pop-up (Campaign)
  • Collagerie is a new online shopping platform that will take the confusion out of what to buy (Vogue)
  • Posti to open a new parcel centre, with fitting rooms, for online shoppers (Helsinki Times)
  • Whistles collaborates with Goldfinger Factory for sustainable Christmas window (The Industry)
Business
  • Estée Lauder companies to acquire k-beauty company Dr.Jart+ (Fashion United)
  • Nike invests in adaptive footwear (BoF)
  • Uber wants to deliver drugs to your home (Mashable)
  • PayPal acquires Honey for $4billion (Adweek)
  • After Barney’s Bankruptcy, ex-CEO joins Tiffany&Co (Bloomberg)
  • Jennifer Lopez named global ambassador of Coach (WWD)
  • Victoria’s Secret cancels fashion show amid ratings drop (BBC)
  • Arcadia appoints Andrew Coppel as new chairman (Retail Gazette)
  • Inside Iran’s underground fashion industry (BoF)
  • Il Makiage acquires Israeli tech start-up NeoWize (WWD)
  • Subscription bag rental service Cocoon launches (Fashion United)
Marketing & Social Media
  • Pantene teamed up with the Dresscode Project for Trans Visibility Campaign (Teen Vogue)
  • Dove drives change in beauty ads with ‘Project #ShowUs’ (WARC)
  • European Retailers Lure Chinese Shoppers with WeChat Pay (Jing Daily)
  • Oasis converts with social proof messaging (Retail Technology)
  • How to sell fashion on Instagram without traditional influencers (Vogue Business)
Product
  • Stella McCartney and Adidas are releasing vegan Stan Smiths (Teen Vogue)
  • Missguided extends brand into travel market with MISSGUIDED VACAYS (The Industry)
  • Victoria Beckham expands into skincare, plans fragrance launch for 2020 (Fashion Network)
  • Advent calendars are big business for beauty (Vogue Business)
  • Louis Vuitton debuts customizable sneaker trunk (Highsnobiety)
  • Serena Williams debuts first jewelry line (Fashion Network)
  • Prada & Adidas unveil first set of limited editions bags and sneakers (WWD)
Culture
  • Vogue Mexico spotlights transgender ‘muxe’ women (BoF)
  • Is ‘incubating’ influencers the future? (Glossy)
  • Why fashion needs chief diversity officers (Vogue Business)
  • The future is fluid as labels sign up for gender-free fashion (The Industry)

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.

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business Campaigns e-commerce Editor's pick mobile product Retail social media technology

6 examples of brands winning on TikTok

If there’s one social media platform buzzing right now, it’s TikTok, a space that allows users to create and share short lip-sync, comedy and talent videos.  

With an audience of almost half a billion users in its two year existence, and a +237% monthly growth rate between 2017-2018, brands are now thinking about how they can tap into it. 

The platform, which is owned by Chinese tech giant Byedance, and was merged with Musical.ly in 2018, has proven wildly successful among Chinese consumers. This has since transferred to the US, with 2.6m actively users taking to the platform in February alone, placing it as the most downloaded app in the country during Q1. The loyalty of Generation Z and Millennials have been driving usage particularly, with 66% of users reportedly under the age of 30. 

While the likes of Snapchat and Instagram are being questioned – both in terms of popularity on the one hand, and functionality on the other, TikTok has swooped in to grab some of the key market share. Importantly, it’s doing so by thinking about functionality first – its recommendations are much more accurate than other social media platforms, for instance, meaning viewers get better content tailored to their interests, which spurs advocacy for the app further. It has also added the functionality of shopping by allowing brands to drive users to ecommerce-enabled microsites that open directly within the TikTok app. 

As a result, we’re seeing brands and retailers taking to TikTok to push products, increase engagement and drive loyalty among younger consumers. Here are six examples of those incorporating it into their marketing strategy today…

Hero Cosmetics
Hero Cosmetics holy grail patches

Direct-to-consumer skincare brand, Hero Cosmetics, utilized TikTok in its new ‘Get Ready with Me’ campaign, featuring 20 creators sharing their morning routines. The campaign was targeted at Gen Zers, and plugged into a #schoolsurvivivalkit hashtag to tie it to back to school essentials. The videos, which reached 4.3m users, had a 12% engagement rate compared to only 4.5% for Instagram, the brand said.

Uniqlo
Uniqlos #UTPlayYourWorld campaign

Apparel retailer Uniqlo teamed up with Tiktok as part of its #UTPlayYourWorld campaign to promote its 2019 spring/summer collection. Users were encouraged to upload videos wearing their favourite outfits from the collection and would be entered into a competition to get their video played in store. The campaign was available for those in the US, France, Japan and Taiwan and generated over 600m views on the platform.

Burberry
Burberry Fall 2019 campaign

Even luxury brands are jumping on the TikTok bandwagon to gain traction with younger consumers. Burberry challenged users to upload videos of themselves attempting to do a “TB’ hand gesture, reflecting the Thomas Burberry monogram newly instated from creative director Riccardo Tisci. 30,000 videos were uploaded to the platform, generating 57 million views for the brand.

NFL
NFL TikTok Campaign

The NFL signed a two year agreement with TikTok to post content on the platform, including highlights, sideline moments and behind the scenes clips. To celebrate the collaboration, a #WeReady hashtag challenge was created to encourage users to show their support for their favourite teams. The challenge is the beginning of the NFL’s strategy to engage younger consumers in sports, as only 41% of Gen Z reportedly watch sports on television, compared to 75% of Baby Boomers.

Ralph Lauren
Diana Silvers, the face of Ralph Lauren’s campaign

To celebrate the US Open Tennis Championships, Ralph Lauren used TikTok as its campaign platform of choice. Consumers were asked to share a time when they won a real life challenge, by using the hashtag #WinningRL. Ralph Lauren face Diana Silvers, an actress and tennis player, took part in the campaign with a series of three videos that made use of TikTok’s latest shopability widget that lets customers buy directly within the app. Users could discover the brand’s US Open collection, which featured polos, tennis skirts and shorts.

Chipotle
Chipotle’s #GuacDance challenge

To celebrate national avocado day, Chipotle launched a TikTok campaign called the #GuacDance challenge. The food chain called on its customers to upload dancing videos to express their love of the food. The campaign was the platform’s highest performing branded challenge in the US, receiving 250,000 video submissions.

How are you thinking about technology? 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. Each of the rules referenced above is matched by one of our products and services. Interested in how? Get in touch to learn more.