
Additionally, Kering invested in bag rental platform Cocoon, and Burberry launched rental and resale via My Wardrobe HQ. Rent the Runway can be selling the choice to purchase its items. Vestiaire Collective raised €178 million, offered 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.
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You won’t find musings on quantum computing, neural interfaces, or nanotechnology – while they’re certainly on the cards, their impact shall be felt further down the line. Instead, an important developments in 2022 are more probably to focus across the convergence of technology developments, …