Tech
Additionally, Kering invested in bag rental platform Cocoon, and Burberry launched rental and resale through My Wardrobe HQ. Rent the Runway is also promoting the choice to purchase its goods. Vestiaire Collective raised €178 million, sold a 5 per cent stake to Kering and established “Brand Approved” resale with Alexander McQueen; and Grailed raised $60 million from rival Goat Group and Gucci’s CEO, amongst others. Resale marketplaces and white-label platforms similar to Reflaunt, Trove, Rebag, Ebay, Goat and The Archivist competed in a resale tech “arms race” to authenticate and automate.
AI writing instruments are becoming increasingly popular for businesses…Continue Reading
