American-born executive Ian Rogers is to exit 24S, the fledgling e-commerce wing of LVMH, the world’s largest luxury conglomerate, as part of a major shakeup in digital and information technology within the group.
Marketing intelligence specialist Crobox has won the award’s 2020 edition, with French start-up OneStock earning a mention for its stock optimisation tools, and Mexican firm Desserto for its cactus-based fabric.
French firm Heuritech, a specialist in brand and product desirability analysis in fashion using AI tools, is setting its sights on international markets and the beauty sector after raising fresh funds worth €4 million.
Luxury titan Bernard Arnault on Friday confirmed that LVMH is already actively using blockchain for several of its luxury brands, as the French billionaire and high-tech fan presented the latest Innovation Award.
LVMH has revealed the names of the 26 companies featured in the second edition of its ‘Start-up House’ technology incubator at Paris start-up campus Station F. Half of them also took part in the first edition.
Next May, the luxury giant will award a prize for the best customer experience solutions for the group’s labels to a start-up. Eligible start-ups must have less than 10 years in business and 100 employees.
Farfetch unveiled on Tuesday the first batch of start-ups it will mentor and invest in as part of its Dream Assembly project aimed at giving it access to promising services in the fields of retail, luxury and fashion.