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Bits & Bytes | Luxury E-Commerce Tipping Point, Apple-Met Collaboration, Virtual Reality

Is Luxury E-Commerce Nearing Its Tipping Point? (McKinsey & Company)
“Online sales of luxury goods could triple to €70 billion by 2025.”

Unpacking the Apple-Met Museum Fashion Collaboration (The Wall Street Journal)
“Apple Inc. is helping the fashion industry deconstruct the tension between handmade and machine-made fashion, as it sponsors the Metropolitan Museum of Art’s next big exhibit at its Costume Institute.”

Tommy Hilfiger Introduces Virtual Reality Headsets for Shoppers (The New York Times)
Tommy Hilfiger became the first major retailer to make virtual reality a fixture in its stores this week, offering its shoppers a virtual trip, via a Samsung GearVR headset, to the label’s fall fashion show in New York this year.”

Rocket Internet: Waiting for Lift-Off (The Financial Times)
“Investors worry that even the ‘proven winners’ of the German ecommerce group struggle for profitability.”

Startupy Fashion Company Betabrand raises $15M (VentureBeat)
“San Francisco-based fashion label Betabrand, the startup that brings to you the Dress Pant Yoga Pants, announced today that it has closed $15 million in funding from Morgan Stanley and Foundry Group.”

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