FASHIONBOSS ENCORE: SUNDAY RECAP
Shopify Files for IPO | Canadian e-commerce retail platform Shopify has filed for public offering, according to Associated Press. The company offers shopping technology for small to mid-size e-commerce businesses, and works with merchants who wish to run their own online checkout services. The company intends to raise $100 million in funding for its first public offering, though that figure may changed depending on investor interest. Shopify is now employed by 162,000 merchants in 150 countries, a 68% increase from last year’s client base. Executives did say there is one risk which could affect the success of its IPO: it relies entirely on one supplier, Stripe, Inc., for its payment processing.
“Any disruption or problems with Stripe or its services could have an adverse effect on our reputation, results of operations and financial results,” the company noted upon filing.
The platform will be listed at the NYSE under the ticker name “SHOP.”
Marc Jacobs Copies Downmarket | Adidas is famous for being a high quality purveyor of sportswear making its three stripe trademark known worldwide. Fashion designer Marc Jacobs is in hot water for copying Adidas’ signature trade dress for his own apparel line where he features a similar four stripe design. Adidas claims that Marc Jacobs International is “intentionally and maliciously” copying the trademarked design and is seeking unspecified cash damages as well as all marketed apparel with Marc Jacobs’ four stripe to be destroyed. Adidas fears that Jacobs’ four stripe concept, which is almost identical to Adidas three stripe, will puzzle and mislead customers. The suit states “Marc Jacobs’ use of confusingly similar imitations of Adidas’ three stripe mark is likely to deceive, confused and mislead purchasers and prospective purchasers into believing that the apparel sold by Marc Jacobs is manufactured by, authorized by, or in some manner associated with Adidas, which it is not.”
FASHION & STYLE
Kendall Jenner Lands GQ Cover | You need not blame your eyesight for seeing multiple Kendall’s: fashion’s favorite member of the Kardashian-Jenner-West clan is indeed everywhere. Kendall Jenner will make a splash in swimwear on the cover of GQ’s May issue. Bronzed and ready for the beach, she sports an Adriana Degreas bikini with a Calvin Klein Jeans denim jacket. The Steven Klein-shot spread will show a scantily dressed Jenner, focusing less on fashion and more on the 19-year-old’s musings on fame, life on the runway and her father, Bruce, who continues to make headlines. It’s safe to say that Jenner’s sister Kim is no longer stealing the Kardashian spotlight.
Image via Marc Jacobs