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Vivienne Westwood calls to ban land ownership, Shiseido acquires Drunk Elephant, Hong Kong protests hit luxury

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

Top Stories
  • The ‘only way to save the world’ is to ban land ownership, says Vivienne Westwood (Dezeen)
  • Why Shiseido bought Drunk Elephant for $845million (BoF)
  • Hong Kong protests could hit Burberry sales by up to £100million (Quartz)
Technology
  • Adidas 1st to sell shoes via Snapchat game (Mobile Marketer)
  • 5G smartphone sales will top 1B by 2025 (Mobile Marketer)
  • Unicef now accepting donations through bitcoin and ether (The Guardian)
  • 3D-printed smart textiles consume less energy, water & chemicals (Sourcing Journal)
  • GOAT showcases world’s rarest sneakers with AR try-ons (Mobile Marketer)
  • Personal stylists are using data to strengthen relationships (Vogue Business)
  • O2 launches ‘worlds first live ad’ powered by 5G (Campaign)
Sustainability & Purpose
  • California bans animal fur products (Drapers)
  • Kat von D launches vegan footwear line from apple ‘leather’ (Sourcing Journal)
  • Farfetch partners with Thrift+, a second hand donation platform (Retail Gazette)
  • Chloe forges three-year partnership with UNICEF (WWD)
  • Forget carbon neutral, Patagonia wants to be ‘carbon positive’ (Sourcing Journal)
  • Little Mistress launches sustainable packaging (Fashion United)
  • John Lewis launches sustainable ‘buyback’ trial (Retail Gazette)
Retail & Commerce
  • Stance opens Carnaby Street flagship store (Retail Gazette)
  • Morphe launches in-store Youtube studios to drive foot traffic (Glossy)
  • H&M outlet brand Afound shifts focus towards online (BoF)
  • Rental service HURR Collective to stage pop-up shop (The Industry)
  • Vans brings new boutique concept to Covent Garden (Fashion United)
  • Givenchy unveils US e-commerce site (WWD)
  • HMV launches Europe’s largest music store (Retail Week)
Business
  • Ganni’s guerrilla approach to global growth (BoF)
  • New CEO at Stella McCartney (Drapers)
  • Race to buy Barneys heats up (WWD)
  • Toys R Us relaunches website amid Target partnership (Charged Retail)
  • Victoria’s Secret store exec departs (Retail Dive)
  • LVMH luxury venture fund invests in streetwear brand Madhappy (Fashion Law)
Marketing & Social Media
  • Instagram launches Threads, a close friend chat app with auto-status (TechCrunch)
  • The next generation of menswear designers might be on Youtube (Fashionista)
  • Teens choose Youtube over Netflix for the first time (CNBC)
  • Abercrombie & Fitch, Hollister launch Instagram checkout (Retail Dive)
Product
  • Mens beauty grooming retailer Beast Inks deal for U.K rollout (WWD)
  • SprezzaBox and Esquire team up to launch subscription box (Fashion United)
  • Everlane launches ReCashmere sweater collection (Dezeen)
Culture
  • Adidas teams up with Universal Standard for a truly size-inclusive collaboration (Adweek)
  • Why 5,000-year-old fashion is making a comeback (BoF)
  • Lululemon partners with United Nations Foundation (Fashion United)
  • Kellogg’s autism-sensitive packaging for kids (Stylus)
  • Victoria’s Secret hires first plus-size model (Fashion United)
  • Havas and CALM team up to create self-care labelling for Topshop and Topman (Campaign)
  • The business of casting queer models (BoF)

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.

Categories
business e-commerce Podcast product Retail sustainability technology

Ganni: Taking risks for long-term return

The most important question everybody needs to ask themselves relative to a more sustainable fashion industry is around cost and long-term thinking, explains Nicolaj Reffstrup, founder of Danish fashion brand, Ganni, on the latest episode of the Innovators podcast.

“If you really want to do something, you need to look at the fabrics that you’re using and see if you can convert those to recycled fabrics, or at least organic fabrics. But that comes with a cost. So the biggest and most important question everybody needs to ask themselves, is literally how much are we spending on converting our company or our brand and our product towards a more sustainable future?” he asks.

Oftentimes, the immediate follow-up query to what is the cost, is who is going to pay for it. The majority of brands in the space – including those actively making moves towards adapting their business processes – are measured on short term returns. And yet sustainability is not an overnight fix. To make the changes that are really necessary throughout the supply chain is a big and long-term investment.

So how do we convince CFOs and shareholders that it’s worthwhile – that we have to take a hit now in order to benefit in the future. Or more importantly, that there is indeed a business case there to do it full stop?   

Ganni is one exploring it from all angles. The fact it’s small and agile means it has more ability to do so, but it also means it relies entirely on an outsourced supply chain to drive the agenda forward. Power is therefore limited, but ambition is not.

Rachel Arthur, co-founder & chief innovation officer at Current Global & Nicolaj Reffstrup, founder of Ganni

Join us as we discuss with Reffstrup how the brand is flexing its muscle as well as making investments to drive towards a more sustainable future. We also explore how he’s watching innovation from other industries like food, the new rental business model he’s testing, and why he believes sustainability and fashion is a contradiction that needs to be faced by all brands.

Listen here: Entale | Spotify |  Apple Podcasts | Android Google Podcasts | Stitcher | RSS

Catch up with all of our episodes of the Innovators podcast by the Current Global here. The series is a weekly conversation with visionaries, executives and entrepreneurs. It’s backed by the Current Global, a consultancy transforming how 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. 

Categories
business Podcast

Ozwald Boateng on why creatives need to think like startups

Ozwald Boateng
Ozwald Boateng

Designers need to reposition their businesses as startups to tap into much-needed investment, says menswear designer, Ozwald Boateng, on the latest episode of TheCurrent Innovators podcast.

In conversation with Liz Bacelar at a Spotify event in Paris, Boateng, whose body of work propelled the craftsmanship of London’s Savile Row to international recognition, says he believes the creative world needs to learn from technology in terms of how it approaches funding.

Listen here: Apple Podcasts | Android | Google Play | Stitcher | RSS

The fashion industry’s model of investors taking control of designers’ names early on is broken, he explains, saying that we can all learn from new direct-to-consumer businesses that have overcome this by approaching differently the way that they’re backed instead.

“What amazes me is when you see these young creative talents, still owning sizeable chunks of the business after raising so much money and getting these valuations of a billion plus – you kind of go, my god, can that really happen, it’s almost like a dream, but in the tech world, it’s the norm,” he notes.

“This creates a huge amount of independence and opportunity for the designer – you’re no longer forced to follow the rules, so that’s exciting. For me as a business, I’m looking at ways to take advantage of that.”

Conversely, he says the technology world also needs to learn from creatives. “I think if more designers looked at the world of technology and applied their creative to the tech, I am sure we would see some very interesting and groundbreaking ideas,” he comments.

He explains that designers are trained to always look forward, to spot trends and understand needs, so it’s something he believes would work exceptionally well when applied to technology.

“I would happily use a body scanner [for my made-to-measure suits], it makes a lot of sense. But there’s a lot of things I could add in terms of how I need the technology to work,” he notes.

“So I see a partnership. Eventually both [designers and tech companies] will see they need each other, and then they’ll just make it work.”

During the conversation, the duo also talk about his new uniform designs for British Airways, his time as creative director at Givenchy and the role of race and diversity in the industry.

Catch up with all of our episodes of TheCurrent Innovators here. The series is a weekly conversation with visionaries, executives and entrepreneurs. It’s backed by TheCurrent, a consultancy transforming how 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.

Categories
business digital snippets e-commerce product social media sustainability technology

What you missed: Amazon’s AI designer, sewing robots at Nike, AR iPhone apps

Inside the Grabit robots making Nikes
Inside the Grabit robots making Nikes

A round-up of everything you might have missed in relevant fashion business, digital comms and tech industry news over the past fortnight.


TOP STORIES
  • Amazon has developed an AI fashion designer [MIT]
  • A new t-shirt sewing robot can make as many shirts per hour as 17 factory workers [Quartz]
  • These robots are using static electricity to make Nikes (as pictured) [Bloomberg]
  • A preview of the first wave of AR apps coming to iPhones [Techcrunch]
  • In a Zara world, who orders custom clothing? [Racked]
  • What happened to wearables? [BoF]

BUSINESS
  • Matchesfashion.com sells majority stake to Apax after fierce bidding war [NY Times]
  • Making sense of Chanel’s secret filings [BoF]
  • Is Nordstrom the next acquisition target for Walmart or Amazon? [RetailDive]
  • North Korea factories humming with ‘Made in China’ clothes, traders say [Reuters]
  • Is counterfeiting actually good for fashion? [HighSnobiety]
  • C&A Foundation highlights ‘gaps to overcome for clean and circular fashion’ [Fashion United]

SOCIAL MEDIA
  • ‘Game of Thrones’ actor Maisie Williams will kick off new Twitter series for Converse [Creativity]
  • How Instagram and Snapchat are benefiting from Facebook’s declining teen and tween numbers [AdWeek]
  • Facebook furthers WhatsApp monetisation efforts with verified business pilot [The Drum]
  • Condé Nast and Facebook are debuting a virtual reality dating show [AdWeek]

MARKETING
  • Zalando turns festival into three-day live marketing campaign [BoF]
  • Donatella Versace works with eight creatives for new versus ads [WWD]
  • 40% of consumers want emails from brands to be less promotional and more informative [AdWeek]
  • In first-ever TV ad, Patagonia targets Trump administration [MediaPost]

RETAIL & E-COMMERCE
  • What is Amazon, really? [Quartz]
  • How Westfield is combating the Amazon threat with digital upgrades at its malls [Digiday]
  • Betting on brick-and-mortar: Alibaba’s billion-dollar retail experiment [Forbes]
  • H&M’s Arket encourages transparent shopping on its new e-commerce site [WGSN]
  • Uniqlo’s retail empire embarks on a digital revolution [Nikkei]
  • Farfetch Black & White partners with Certona to offer personalised e-commerce to luxury brands [The Industry]
  • Shopify’s e-commerce empire is growing in Amazon’s shadow [Bloomberg]
  • Voice search, 3D modelling and chatbots named as 2017’s most significant e-commerce trends [The Drum]

TECHNOLOGY
  • 11 tech leaders share the real truth about artificial intelligence (and what really matters) [Forbes]
  • How Bitcoin is making waves in the luxury market [CNN]
  • How blockchain could boost the fashion industry [BoF]
  • Walmart and Google partner to challenge Amazon’s Alexa [Retail Dive]
  • Google and Vogue are bringing voice-activated content from the magazine to home devices [AdWeek]
  • Latest Magic Leap patent shows off prototype AR glasses design [Techcrunch]
  • ‘Self-driving’ lorries to be tested on UK roads [BBC]

PRODUCT
  • Everlane’s quest to make the world’s most sustainable denim [Fast Company]
  • The zipper: the innovation that changed fashion forever [Bloomberg]
  • A new high-tech fabric could mean the end of bulky layers in the winter [Quartz]
  • Watch how Vans can now put any custom design on your shoes in under 15 minutes [Fast Company]
  • How RFID tags became trendy [Engadget]
  • Leather grown using biotechnology is about to hit the catwalk [The Economist]
  • These brands are teaming up on smart hang tags [Apparel Mag]
Categories
business digital snippets e-commerce social media Startups sustainability technology

What you missed: Amazon Prime Day, LVMH’s Ian Rogers, Colette’s closure

Ian Rogers, LVMH
Ian Rogers, LVMH

A round-up of everything you might have missed in relevant fashion business, digital comms and tech industry news over the past fortnight.


TOP STORIES
  • Amazon’s Prime Day proves to be biggest shopping day ever [Bloomberg]
  • Ian Rogers, LVMH’s chief digital officer: ‘We sell culture, and the culture’s changed’ [Glossy]
  • Get ready for the internet of Louis Vuitton things [NY Times]

BUSINESS
  • The cost of dead inventory: retail’s dirty little secret [BoF]
  • Burberry among companies committing to 100% clean energy [Bloomberg]

SOCIAL MEDIA
  • Does the fashion industry still need Vogue in the age of social media? [Guardian]
  • Chinese social media in 2017: what you need to know [Jing Daily]

MARKETING
  • Benetton launches Power Her Choices family planning campaign for UN Population Fund [The Drum]
  • How Reebok used influencer reviews to break into the competitive running category [Digiday]
  • Benefit in hot water over UK ‘skip class’ messaging [BrandChannel]
  • How Adidas is using micro-influencers [Digiday]

RETAIL & E-COMMERCE
  • What Colette’s closure means for fashion [BoF]
  • ‘Trapped’: How Amazon is cornering fashion brands into wholesale [Glossy]

TECHNOLOGY
  • 3D printers start to build factories of the future [The Economist]
  • How Walmart uses AI to serve 140 million customers a week [VentureBeat]
  • How Adore Me used AI to double its active customers [Glossy]
  • Alibaba launches low-cost voice assistant amid AI drive [Reuters]

START-UPS
  • Felix Capital raises $150M to double down on tech startups from the ‘creative class’ [TechCrunch]
  • Luxury authentication start-up gets $2.6 million in funding round [WWD]
Categories
Events fashmash Startups technology

Investing in fashion start-ups: What VCs are looking for

#FashMash at Soho House - talking investing in fashion start-ups
#FashMash at Soho House

We recently held a #FashMash breakfast event at Soho House in London featuring three venture capitalists talking to the fashion and technology start-up space. Among them were Antoine Nussenbaum (AN) of Felix Capital, Tracy Dorée (TD) of Kindred VC and Suzanne Ashman (SA) of LocalGlobe. Here, we look at some highlights from the discussion, including what technology they’re seeing impacting the fashion industry and exactly what they look for in the businesses they invest in.


#FashMash: Given everything happening in the world right now, is it a good time to start a business?

TD: I think people start businesses because they have to solve a problem, because they can’t think of doing anything but that one thing, and I don’t see that type of macro trend of the uncertainty of Brexit or Trump or anything else that’s happening in the world affecting a great quality entrepreneur of getting started.

SA: I think it’s also easy to overstate kind of how the political turmoil over the last year has somehow impacted the funding landscape, because certainly at a really early stage we are backing entrepreneurs for five, seven, 10 years time. So, actually Brexit didn’t impact our investment cycle at all, we still made 25 odd investments last year… When we look back at our portfolio over the last 20 years we find that some of the best businesses were built in 2000 post the dotcom crash and 2008’s credit crunch, because people are looking for something new.


#FashMash: What technology are you seeing out there impacting fashion?

SA: I’d say the thing I’m seeing most of at the moment is the intersect between augmented reality and fashion. At the moment the vast majority of pitches that we’re seeing are very deep tech teams that have interesting products but not an end product that a consumer would actually wear – style is bottom priority and tech is top priority. I think the quality of those teams will improve over time as technical founders realise they need to work with someone with relevant domain experience to create a product that a consumer might want to wear. I got pitched an augmented reality t-shirt company and you know, it looks great, but at the moment it’s a t-shirt for 14-year-old boys. I can see over the next 12 months in this particular space that we’ll just see better and better things coming through.

TD: I also think we’re seeing less friction within payments thanks to mobile. People are designing experiences from a really mobile-first perspective. The first wave of online retail kind of looked like people were taking a warehouse and putting it online and it’s just a horrible sort of catalogue of walking through merchandise. But now people are really designing experiences for the platform on which they’re being delivered. I think the challenge with funding a B2C business, where you’re taking a new approach with your unique perspective, whether that’s to do with visual search or it’s to do with augmented reality or it’s to do with payments, any unique edge that you’ve got, is that you have to be able to show that the brand is going to have some type of longevity.


#FashMash: Which start-ups or new brands do you think are doing a good job and starting to prove they’ve got longevity?

AN: There’s a brand in France, which is great, called Sézane. The founder characterises exactly everything we’ve been talking about, to be extremely focused on the customer relationship and to be very true about what she’s building. It started off as a lifestyle business and grew into something very authentic with the customers.

SA: The brand I’ve seen recently that I think is executed super well, is Heist Tights – anyone that uses any form of social media will have seen their adverts. The founder there is also really interesting – he is super impressive and he’s all about the numbers. It helps if you can help us out by having some of the kind of standard metrics that we expect to see around a really strong repeat rate… Certainly things in the fashion space that we see, we really like people to have not just a product but some early numbers when they come to speak to us. From a tech perspective, I also think Hullabalook is an interesting example of two founders without a base in fashion, who have ultimately built a software enabler for e-commerce.


#FashMash: So beyond the numbers, what are you looking for in the start-ups that come to you?

TD: In whatever industry we’re looking at, we’re looking for this weird mix between the ability to think creatively, to have a unique insight, or a different perspective on something that people assume to be true. So that’s a creative vision piece with the ability to really get shit done. And to employ both sides of the brain is really hard. I’m excited for the businesses that use technology to make an existing workflow more efficient and that’s going to differentiate them in the long term.

AN: We see a new wave of people, of entrepreneurs, trying to create these companies that would connect better with, have a more authentic relationship with their customers. And from our end, we actually wouldn’t focus on the top line metrics looking at the business, but actually we would focus on something quite authentic being built in the relationship with the customer. It is not so much about the topic but about the interaction. It’s about how engaged the customers are and how engaged you are as an entrepreneur with your audience and your customers.

SA: At our stage, it’s really all about the team, it’s a little bit about the products, a little bit about the market but ultimately we’re backing a group of people as individuals to get through the next five years and overcome the many hurdles that stand in the way from where they are now to building a really big business.


#FashMash: Do you have any advice for start-ups on working with established retailers?

SA: As a start-up working with a big organisation, the one competitive advantage that you have as a small business, is speed and that’s the one reason why sometimes you have the opportunity to win against the big guys. Finding the person that’s going to really champion you within a retailer and help you navigate the maze of hierarchy and different workflows and different divisions is also so important.

TD: Two words of warning on working with really big clients: First, don’t end up doing work that is not core to your business. It’s very easy to want to work with X brand name and actually what they want you to produce is way off your product roadmap. If you think it’s going to be a massive distraction, that isn’t going to help you in your medium term vision, it’s tough to walk away and say no. The second thing is pricing. We often see start-ups working with larger brands offering heavily discounted products and it can be really hard to renegotiate that once you move from a pilot phase through to a longer-term relationship. So have that tough discussion about pricing up front.

This discussion has been edited and condensed.

Categories
business digital snippets e-commerce social media Startups technology

What you missed: 3D printing for customisation, against see-now buy-now, Stitch Fix to IPO?

Ministry of Supply is betting big on the power of 3D printing
Ministry of Supply is betting big on the power of 3D printing

A round-up of everything you might have missed in relevant fashion business, digital comms and tech industry news.


TOP STORIES
  • Ministry of Supply is betting big on the power of 3D printing [Glossy]
  • The case against ‘see now, buy now’ [BoF]
  • Stitch Fix said to be mulling Initial Public Offering [Bloomberg]
  • The myth of the ‘store of the future’ [Glossy]

BUSINESS
  • Triggering Article 50: What Brexit means for fashion [BoF]
  • Amazon buys Souq.com as Middle East online market takes off [Bloomberg]
  • Can Jet.com take a bite out of Amazon Fashion? [BoF]
  • BFC launches British high-end manufacturers database [The Industry]

SOCIAL MEDIA
  • How Instagram beat out Snapchat as fashion’s ‘social darling’ [Glossy]
  • Retailers can now make Instagram posts much more shoppable [AdWeek]
  • Facebook continues its video push with shoppable ad format for mobile [Campaign]
  • 6 ways luxury brands use WeChat for marketing campaigns in China [JingDaily]

MARKETING
  • This agency used a weather balloon to fly Nike’s new Vapormax shoe into space [AdWeek]
  • Shinola’s uplifting new ads celebrate America’s builders, makers and do-gooders [AdWeek]
  • M&S’ advertising rethink will not see it target ‘Mrs M&S’ [The Drum]
  • Sainsbury’s Tu Clothing ad campaign changes according to real-time weather forecasts [WGSN]

RETAIL & E-COMMERCE
  • House of Fraser turning to experiential retail [Fashion United]
  • How retailers can drive profitable growth through dynamic pricing [McKinsey]
  • How Generation Z is transforming the shopping experience [Retail Dive]

TECHNOLOGY
  • Retailers explain how AI is being used in fashion [Glossy]
  • Report: Amazon Go public opening postponed over tech hiccups [Retail Dive]
  • Did people suffer for your cotton shirt? DNA tagging lets you track its origins [Fast Company]
  • It only took 5,000 years, but the flip-flop is finally getting smarter [Fast Company]

START-UPS
  • Kering teams With Plug and Play on fashion sustainability start-up accelerator [Footwear News]
  • Tristan Walker: ‘No one wants to fund e-commerce companies anymore’ [Recode]
Categories
business digital snippets e-commerce film mobile social media Startups sustainability technology

What you missed: Mobile 2.0, Raf Simons for Calvin Klein, plastic bottle fashion

What you missed - mobile 2.0, Raf Simons for Calvin Klein
Raf Simons’ debut for Calvin Klein

An absolute must-read this week (away from fashion specifically but heavily based around tech and consumer behaviour and therefore highly relevant to anyone in this space), is this view on “mobile 2.0” from Benedict Evans of Andreessen Horowitz. If there are a billion people with high-end smartphones now, what assumptions can we leave behind in terms of what that means, and what does the future look like accordingly? With AR and machine learning, it’s a pretty fascinating one.

Elsewhere, the latest news is of course geared to New York Fashion Week, with everything from Raf Simons’ successful debut for Calvin Klein and ongoing analysis of what exactly a see-now, buy-now model looks for those partaking. There’s also an update on new features from Pinterest and a big push from Instagram for its Live tool during the shows.


TOP STORIES
  • Benedict Evas on the Mobile 2.0 era [Ben-Evans]
  • Fashion shows adopted a see-now, buy-now model. Has it worked? [NY Times]
  • Raf Simons’ Calvin Klein debut is a hit on social media [Glossy]
  • Lone bidder Boohoo snags bankrupt Nasty Gal for $20m [Retail Dive]
  • H&M’s new Conscious Exclusive Collection turns discarded plastic into evening gowns with Bionic Yarn [Vogue]
  • What see now-buy now means for the production side of fashion [Apparel]

BUSINESS
  • Gucci, Yves Saint Laurent shine for Kering [Reuters]
  • Prada revenue falls again as house attempts to revamp [The Fashion Law]
  • Ethics controversy grows over Trump-Nordstrom spat [WWD]
  • Yoox Net-a-Porter on the downswing, FarFetch on the up [LeanLuxe]
  • Tiffany CEO Cumenal exits following sales slump [Retail Dive]
  • Sophisticated shoplifting gangs are costing US retailers $30 billion a year [Quartz]

SOCIAL MEDIA
  • Instagram Live makes fashion week debut [WWD]
  • Pinterest bets visual search can drive shoppers from inspiration to purchase [Internet Retailer]

MARKETING
  • Fendi just launched a new digital platform targeting millennials [Fashionista]
  • These five fashionable brands have mastered content that sells [Fast Company]
  • Barneys takes powerful stance on female equality, empowerment [Luxury Daily]
  • Adidas’ latest Y-3 fashion film is inspired by a futuristic dystopia [LS:N Global]
  • See Nike’s stirring ‘equality’ ad from the Grammys [AdAge]

RETAIL & E-COMMERCE
  • Should Amazon challenge Hudson’s Bay for Macy’s? [BoF]
  • New Neiman Marcus in Fort Worth built with tech and convenience layered on top of art and fashion [Dallas News]
  • Nifty app links with New York Couture Fashion Week [WWD]
  • Mon Purse CEO Lana Hopkins: “We’re treating Bloomingdale’s, Selfridges as marketing and branding opportunities” [LeanLuxe]

TECHNOLOGY
  • Why fashion brands should think more like tech companies [Fast Company]
  • Magic Leap’s patented an augmented reality price-checker [The Verge]
  • New York designer Ab[Screenwear] combines fashion with light-responsive holographic panels and operable touchscreens [BrandChannel]

START-UPS
  • Techstars Q&A: How start-ups can accelerate retail innovation [Retail Dive]
  • Rêve en Vert to launch £300,000 crowdfunding campaign [The Industry]
Categories
business digital snippets e-commerce mobile social media Startups technology

What you missed: Rebecca Minkoff’s LA show, Ivanka Trump’s Nordstrom response, exec musical chairs

Rebecca Minkoff (right) with blogger Aimee Song at the designer's LA show
Rebecca Minkoff (right) with blogger Aimee Song at the designer’s LA show

Rebecca Minkoff kicked off the first of the LA fashion shows this season (Tommy Hilfiger, Tom Ford and Rachel Zoe to follow), with a shoppable collection as well as a series of connected handbags on offer. There was also entertainment galore, which gives Tommy something to try and outdo later this week.

Meanwhile, other news this week has focused heavily on the execs movements at various brands, including Stefan Larsson out as CEO at Ralph Lauren, Riccardo Tisci leaving Givenchy, rumoured headed to Versace, and Clare Waight Keller exiting Chloé. Also worth reading is detail on the John Lewis delivery trials straight to your car boot, insight on everything you need to know about the Snapchat IPO and Gap’s new 90s inspired campaign.


TOP STORIES
  • Rebecca Minkoff teams with Like to Know It to make LA show shoppable [WWD]
  • Ivanka Trump’s brand responds to Nordstrom [Racked]
  • John Lewis and Jaguar Land Rover are trialling shopping deliveries straight to your car [Forbes]
  • LVMH sets up new investment vehicle for emerging brands [Fashion United]

BUSINESS
  • Ralph Lauren CEO Stefan Larsson quits after dispute with founder over creative control [WSJ]
  • Riccardo Tisci is leaving Givenchy [BoF]
  • Clare Waight Keller exiting Chloé [BoF]
  • Hudson’s Bay reportedly in talks to acquire Macy’s [Retail Dive]
  • Farfetch sets share options scheme for all employees [WWD]

SOCIAL MEDIA
  • 8 things marketers need to know about Snapchat’s IPO [AdAge]
  • How social media turned Hollywood’s beauty prep into marketing gold [BoF]
  • Step inside the YouTube-fuelled, teenaged extravaganza that is Beautycon [Wired]

MARKETING
  • Gap debuts ’90s-inspired ads starring the children of its former campaign stars [Fashionista]
  • Adidas tells the stories of female athletes’ struggles with ‘Unleash Your Creativity’ campaign [The Drum]
  • Luxury brands leverage custom emojis for peer-to-peer communication push [Luxury Daily]

RETAIL & E-COMMERCE
  • DKNY taps Farfetch to revitalise e-commerce strategy [Glossy]
  • How Lululemon and Adidas use RFID to set the stage for omnichannel [Apparel]

TECHNOLOGY
  • The promise of augmented reality [Economist]
  • Why retailers struggle to adopt mobile payments [Digiday]

START-UPS
  • Caraa CEO Aaron Luo: Startups have given up on good, old-fashioned (non-tech) product innovation [LeanLuxe]
Categories
business e-commerce mobile Startups technology

Fashion features heavily among the 33 companies selected for Tech City UK Upscale programme

Gerard Grech, CEO of Tech City UK at the launch of the Upscale 2017 programme in London
Gerard Grech, CEO of Tech City UK at the launch of the Upscale 2017 programme in London

Numerous early stage fashion and e-commerce businesses are among the new intake for Tech City UK’s six-month Upscale programme.

Included are Mastered, an online education platform for creative professionals led by industry experts; Poq, an app commerce solution for major retailers; Wolf & Badger, a global online marketplace for independent brands; and Trouva, a curated online shopping site pulling together 150 independent boutiques.

Many of the others bring further relevancy to the fashion industry, including real-time video platform Grabyo, which has worked with brands in the past including Hunter, where it delivered instantaneous highlights from the catwalk to Twitter fans during London Fashion Week.

StoryStream, which enables live storytelling for brands through content curation and publishing, has also previously worked with events company Decoded Fashion at one of its hackathons.

Across the board, the Upscale companies represent a wide spread of sectors that reflect the UK’s strengths – from e-commerce, to fintech, as well as increasingly important areas like data analytics. They are flagged as companies that could grow into the next generation of digital household names.

Others the fashion industry might find benefit from include Cambridge Intelligence, an artificial intelligence company that helps companies see patterns and insights in their data; LivingLens, which provides brands and agencies with a way of searching and using hours of video content; and Streetbees, which gathers market research insights from around the world through artificial intelligence and geo-location.

This is the second year of the Upscale programme under Tech City UK’s mission to accelerate the growth of the UK’s digital economy. In the 2016 pilot, other fashion and retail businesses including Edited, Metail, Appear Here, Depop and Snap Fashion participated.

The latest cohort gain access to mentorship from some of the UK’s most successful tech entrepreneurs including Lastminute.com founders Martha Lane Fox and Brent Hoberman; successful investor and Lovefilm founder Saul Klein; Candy Crush creator Riccardo Zacconi; Blippar co-founder Jess Butcher; and Just Eat founder David Buttress. The aim is to help them begin their scaling journey.

Gerard Grech, CEO of Tech City UK, said: “One of the objectives of Tech City UK is to accelerate the growth of the country’s digital and tech sector. The companies that join our Upscale programme have already overcome significant hurdles and have the makings of brilliant businesses.”

The companies joining have raised $4.1 million in funding on average, and have average revenues of just over $1 million per year. See the full list of those selected to participate on the TechCityUK.com site.

This story first appeared on Forbes.com