Bits & Bytes | Yoox Net-a-Porter Sells Stake, Shopping With Bots, Internet of Clothing

"Yoox Net-a-Porter Sells Stake to Middle East Retail Giant" (The New York Times)
"Yoox Net-a-Porter, an e-commerce group that calls itself the "world's biggest luxury fashion store," is setting its sights on the Middle East, selling a 100 million-euro stake to Alabbar Enterprises."

"Will Millennials Want to Go Shopping With Facebook Messenger Bots?" (Bloomberg)
"If successful, the model would essentially eliminate the need to open a third-party app for a broad range of transactions."

"Internet of Clothing Is Coming Through Huge Label Deal" (Fortune)
"Avery Dennison, a packaging and labelling giant that puts labels onto products from brands like Nike, Adidas and Hugo Boss, has struck a deal with "Facebook for things" firm Evrythng to create unique web identities for at least 10 billion pieces of apparel over the next three years."

"Amazon Eyed Up Everlane, Le Tote and More for Acquisition in a Wider Fashion Push" (TechCrunch)
"The e-commerce giant has considered buying several startups in the fashion sphere as potential acquisitions to update and expand its presence in the category."

"Zalora, Rocket Internet's Unprofitable Asian Fashion Portal, is Selling Off Business Units" (TechCrunch)
"Rocket Internet's fashion-focused site that raised over $250 million and was once on an equal footing with $1.5 billion-valued Lazada, is shedding two of its lacklustre country businesses to cut down on costs."

"Vente-Privee Buys Spanish Fashion E-Commerce Site Privalia for $560 Million" (TechCrunch)
"The price-tag on the sale of veteran Spanish e-commerce player Privalia, headquartered in the city, to France's Ventee-Privee has not been officially disclosed but recent rumours swirling about a possible exit for Privalia pegged the price being discussed at up to €500 million."