The Future of Men’s Resale

Gap Inc Sells Intermix, Learning from LVMH and Hermes' China Strategies

ADVERTISEMENT

WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, MAY 5, 2021 Men's resale platforms are eyeing expansion after a record-breaking year. Gap Inc is selling Intermix to a private equity firm in a deal that promises both the apparel giant and the retailer a new path to growth. Luxury frontrunners like LVMH and Hermès have China strategies others can replicate. As demand for occasionwear rises, Selfridges is extending its rental service online.

TOP STORIES

RETAIL After a Record-Breaking Year, What's Next for Men's Resale? By M.C. Nanda

Blockbuster sales and multi-billion dollar valuations have led to a critical growth stage, with platforms like StockX and Goat delving further into apparel and accessories. READ MORE

RETAIL Why Intermix Was a Private Equity Opportunity By Lauren Sherman

The party-friendly retailer failed to flourish under Gap Inc., but investor Altamont is looking to cash in on tremendous growth in the online luxury space. READ MORE

CHINA Luxury's China Report Card: Who's Winning and Why By Zoe Suen and Casey Hall

LVMH and Hermès saw sales surge in the first quarter of the year, buoyed by strong demand in China. What lessons can other brands learn from their strategies? READ MORE

TECHNOLOGY Virtual Fashion Platform RTFKT Studios Announces $8 Million Funding Round By M.C. Nanda Led by Andreessen Horowitz, RTFKT's new funding round signals new growth expansion for the industry. READ MORE

BoF PROFESSIONAL Join now and enjoy your first 30 days for just £1 START TRIAL

NEWS BRIEFS Jim Gold Named CEO of Moda Operandi Fitness Ring Maker Oura Raises $100 Million Condé Nast Names Leta Shy Editor in Chief of Self Selfridges to Launch Rental Online Topshop's Flagship Oxford Street Store Up For Sale Under Armour Raises Full-Year Revenue Forecast South African Fashion Week Comes to a Close Kakao Races to Become South Korea's Amazon Fendi To Relaunch Furniture Line With New Partner Pandora to Drop Mined Diamonds

MULTIMEDIA

PODCAST Rethinking Fashion's Approach to the Plus-Size Market By BoF Team

BoF CAREERS

Discover Your Next Career Move on BoF Careers BoF Careers is the leading marketplace for global fashion talent, connecting you with the industry's most exciting job opportunities and businesses.  There are over 2,400 jobs on BoF Careers today, including an e-commerce assistant at Roland Mouret in London, a merchandise manager for Calvin Klein in Amsterdam, a senior graphic designer at Coach in New York, a marketing & e-commerce manager for Libertine in Los Angeles and a CRM event executive at Saint Laurent in Shanghai.   VIEW JOBS

The Business of Fashion AGENDA-SETTING INTELLIGENCE, ANALYSIS AND ADVICE FOR THE GLOBAL FASHION COMMUNITY. CONNECT WITH US ON CONTACT US ETHICS POLICY SPONSORSHIP & ADVERTISING JOB OPPORTUNITIES This email was sent to edwardlorilla1986.paxforex@blogger.com Update your preferences or unsubscribe from this list. All services provided are subject to our Privacy Policy. The Business of Fashion Ltd 2, Television Centre, 101 Wood Lane, London W12 7FR, United Kingdom businessoffashion.com