Posts in business
FARFETCH ACQUIRED NEW GUARDS GROUP

Farfetch has acquired New Guards Group for a Total Enterprise Value of USD 675 million. Farfetch said the move “advances its strategy to be the global technology platform for the luxury fashion industry”. By adding a “Brand Platform” layer to Farfetch’s existing Technology, Data and Logistics Platform, New Guard will extend the company’s capabilities beyond technology solutions and global distribution into design, production and brand development

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REFORMATION SELLS MAJORITY STAKE TO PERMIRA

In 2009 Yael Aflalo, a model turned fashion entrepreneur, opened a vintage clothing resale business she ran part time from the back room of a Los Angeles retail store. Called Reformation, it sold stylish secondhand items or garments made from re-purposed materials. In 2013, the brand was scaled into an e-commerce business with a downtown factory and three boutiques — a vision honed by Ms. Aflalo’s experience, gained earlier in her career, of the environmental and human toll the global fashion industry was taking.

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OUTDOOR VOICES BLURS THE LINES BETWEEN WORKING OUT AND EVERYTHING ELSE

Outdoor Voices is one of a few highly visible, female-centered, life-style-adjacent, digital-savvy millennial brands built around a charismatic founder and her story. Other such companies include the cosmetics outfit Glossier, the fashion retailer Nasty Gal or the dating app Bumble. Outdoor Voices (“OV”) is frequently described as an athleisure brand, although Tayler Haney, the founder who was a serious athlete in her teens, hates the term, associating it with clothes that were made for watching TV while occasionally thinking about the gym. “Every product that we make is made to sweat in,” she has said. Yet, OV, similar to Lululemon, appeal to the desire to wear workout clothes around the clock, as Athleisure means different things for different people.

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HOW GLOBAL BRANDS ARE THINKING LOCAL

Today’s world is unmistakably and increasingly interconnected, as growing Internet access, travel and trade accelerate the integration of global markets and the worldwide exchange of ideas, information, people and products. But with globalisation comes an opposite, if not equal, reaction. “In a globalised world, there will inevitably be many similar trends across the globe. And these, in turn, will generate opposition in the form of localisation, as people try to assert their own identity, which is only natural,” observed Mr Yanai, chairman, president and chief executive of Fast Retailing, the parent company of Uniqlo. “In order to do business anywhere, we need to have a firm grasp of what it means to be global and what it means to be local.”

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SNEAKER RESALE HEATS UP

After the announcement of LVMH Luxury Ventures investing into Stadium GoodsGOAT, the world’s leading digital sneaker marketplace, today released a public statement revealing a merger with sneaker consignment pioneer Flight Club. The merger brings together two leading brands in the sneaker space that combined, will deliver unparalleled mobile, web and retail shopping experiences. 

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HIGHSNOBIETY RAISES USD 8.5 MILLION VENTURE ROUND

Investor interest in the streetwear space is growing rapidly. After Supreme joined forces with The Carlye Group, highly influential streetwear and youth culture title Highsnobiety has raised an USD 8.5 million Series A round led by London-based venture firm Felix Capital, with additional details on the deal remaining undisclosed. Highsnobiety plans to use the new funding to help scale its branded content, e-commerce and events businesses. 

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A BREAKOUT BRANDING MASTER CLASS FROM GLOSSIER, SWEETGREEN, AWAY, AND WALKER & CO.

Salad. Suitcases. Razors. Face wash. None of these products typically race eyebrows and inspire enthusiasm. However, when associated with certain fast-growing ventures, the reactions may change. Sweetgreen’s Nicolas Jammet, Away’s Jen Rubio, Walker & Company’s Tristan Walker, and Glossier’s Emily Weiss talk to Fast Company about creating products that provoke passion.

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ALIBABA HAS AMBITIOUS, AMAZON-LIKE OFFLINE PLANS

Speaking of the death of retail and the end of physical shopping experiences, in late November Alibaba was investing announced that it invested nearly $3 billion for a 36% stake in China hypermart operator Sun Art Retail. It looked like the Chinese e-commerce titan was copying a page from Amazon’s strategy plan, after Jeff Bezos’ company stunned U.S. supermarket operators by acquiring high-end grocer Whole Foods for more than $13 billion.

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THE HIDDEN PLAYER SPURRING A WAVE OF CHEAP CONSUMER DEVICES: AMAZON

To understand Amazon’s role, let’s take a closer look at how WyzeCam leveraged the power of Amazon. Wyze’s device sells for $20 plus shipping if you buy directly from the company’s website or $30 on Amazon, where members of the company’s Prime service can get it delivered within two days. Nest’s and Netgear’s comparable indoor cameras sell for around $200 each. Similar to its branded competitors, Wyze Labs' gadget is a small, internet-connected video camera, which one might use for security or to keep an eye on your dog or your baby. The single biggest difference is that it is being sold for an unbelievably low price of $20.

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EUROPE'S BIGGEST MALL OWNER BUYS WESTFIELD FOR $25 BILLION

Europe’s biggest commercial property company is to buy Westfield, the Australian company behind the UK’s two highest-earning shopping centres, in a $25 billion deal that will create the world’s largest mall operator. French Unibail-Rodamco  plans to roll out Westfield centres in Europe and the US. The planned tie-up comes as the growing number of people buying items online, fuelled by Amazon, forces shopping centre operators to focus on their best assets.

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WHAT PEOPLE REALLY WANT FROM PERSONALIZED MARKETING

What customers want and what businesses think they want are often two different things, which is why personalization can be a huge advantage for businesses and consumers alike. Targeted communications that are relevant and useful can create long-lasting positive customer experiences and impact the business revenue growth of up to 30 percent. Customers see value as a function of how relevant and timely a message is in relation to how much it costs. In other words, how much personal information has to be shared and how much personal effort does it take to receive useful content.

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BCG 2017 M&A REPORT: THE TECHNOLOGY TAKEOVER

Tech is not just for tech companies anymore. Nearly every industry has been affected by digital and mobile technologies disrupting their market and no company can afford to ignore the impact of technology, starting with supply chains to customer engagement, and continuous with even more advanced technologies, such as Artificial Intelligence and the Internet of Things. The question is, how do companies rapidly access the technologies that can advance their businesses and integrate them successfully with their current operations?

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THE FUTURE OF AD AGENCIES MIGHT NOT BE ADVERTISING AT ALL

There's been a lot of talk in the agency industry about rising competition from consultancies such as Accenture, McKinsey and Boston Consulting GroupR/GA has stared this threat in the face and is challenging the consultancies at their own game. In an industry that’s quickly and constantly changing thanks to technological innovation and consumer behavior, R/GA chairman and CEO Bob Greenberg sees self-disruption as a key business operating principle, one that has served the company well in the past and will ensure its survival in the future.

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IS MARKETING A SCIENCE OR AN ART?

Is marketing a science or an art? According to Alan Schulman, managing director of brand and creative content at Deloitte Digital. it is both. At this year's &then conference, he says that we must understand that marketing is still in the behavioral economics business and not the finite economics business. Hence, we still have to account for human behavior. However, with the insights we gain from data, we are talking about the science of marketing, rather than the art of persuasion. 

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MAGIC QUADRANT FOR GLOBAL DIGITAL MARKETING AGENCIES

As traditional agencies, consulting firms and system integrators add capabilities and compete head-to-head for brand engagements, marketing leaders gain manifold options within the global digital marketing agency ecosystem. For this year's Magic Quadrant, Gartner looked beyond the ability of global digital agencies to meet current market needs. Rather, they used their analytical lens on an agency's ability to drive client growth through its keen interpretation of marketplace trends and deliver transformational technologies or approaches that meet marketers' future needs.

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