Why Instagram Still Isn’t a Shopping Destination

The Next Huda Beauty, Lyst Raises $85 Million Pre-IPO Round

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, MAY 13, 2021 Instagram's ambitions to become an e-commerce powerhouse are still a work in progress. Middle Eastern influencers and entrepreneurs are racing to become 'the next Huda Beauty.' Lyst has raised an $85 million pre-IPO round and hired Spotify's head of product. Vogue Japan's Mitsuko Watanabe is the latest Vogue editor to exit Condé Nast. Growth in China helped propel Tod's to beat analyst forecasts, though revenues have not yet returned to 2019 levels.

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RETAIL Why Instagram Still Isn't a Shopping Destination By Cathaleen Chen

Two years after the debut of Instagram Checkout, many brands say their customers are unlikely to make purchases directly through the app. READ MORE

GLOBAL MARKETS The Battle to Become the Next Huda Beauty By Louise Nichol

Middle Eastern brands founded by Arab influencers and makeup artists are making a splash in cities like Dubai, where global beauty players are hunting for the next big thing from the region. READ MORE

TECHNOLOGY How Lyst Plans to Take on Fashion's E-Commerce Giants By Sarah Kent The online fashion platform is gearing up for an IPO with an $85 million funding round and ambitions to become the Spotify of fashion. READ MORE

How I Became... Executive Producer of Balenciaga's Afterworld READ MORE

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NEWS BRIEFS ThredUp Posts 15.2% Revenue Rise in First Post-IPO Report Tod's Sales Bounce Back in First Quarter Driven by Strong China Adidas and Allbirds Announce Results of Low-Carbon Shoe Collaboration Vogue Japan Editor-in-Chief Mitsuko Watanabe to Step Down IMG Fashion Announces Partnership With AfterPay Duty-Free Giants Offer Free Flights To Lure VIP Shoppers Chinese Luxury Resale Platform Raises 'Tens of Millions of Dollars' in New Funding Round China's Male Beauty Market Reaches $2.6 Billion in 2020 Sales After $260 Billion Slide, Alibaba Aims to Show the Worst Is Over Second-Hand Fashion Startup Vinted Raises €250 Million From Investors

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VIDEO What Makes the Perfect Influencer Collaboration? By BoF Team

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Explore Opportunities at Acne Studios Acne Studios are looking for a Raw Material Buyer, a Womenswear Pattern Maker and a Fabric Developer at their headquarters in Stockholm and a Customer Care Assistant in New York.  Independently owned Stockholm-based fashion house Acne Studios was founded in 1996 by Jonny Johansson, who continues to act as a creative director for the brand. With over 800 international employees, Acne Studios has offices in Stockholm, Paris, New York, Oslo and Shanghai. VIEW JOBS

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