They are quick to note they aren’t anthropologists, but nevertheless, charge card giant American Express claims to have discovered an entirely new species of luxury consumer, and they have the data to back it up. Who is this mysterious new breed? Slackers!
I just got an email inviting me to a super-secret announcement over lunch tomorrow — which is rumoured to be an announcement of their partnership with Vente-Privee, the french flash sale site that was at the forefront of the current etail consumer phenomenon.
If this is true, it will be the third in a rash of investment in the latest fashion fad that began at the end of April with Ideeli’s raising $40 million of Series C funding, followed tuesday by Gilt Groupe’s raising $168 million. And you know what they say: three examples of anything is a trend. Welcome to the new internet investment bubble: shopping!
Read more
| About this blog | About Vanessa | Blog guide |
Vanessa has been the FT’s fashion editor since 2003, and is based in New York, though she lived in London for 12 years.
