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PR Newswire

P&G and Shopee inspires home shopping with ‘Show Me My Home’ experiential microsite in Southeast Asia

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SINGAPORE, April 30, 2020 /PRNewswire/ — Procter & Gamble (NYSE:PG), a leading fast-moving consumer goods company, announces collaboration with Shopee, a leading e-commerce platform in Southeast Asia and Taiwan, with the launch of Show Me My Home*, an online campaign that simulates the household environment to provide consumers with a seamless and easy online shopping experience.

P&G products available on Shopee's Show Me My Home Campaign
P&G products available on Shopee’s Show Me My Home Campaign

This collaboration sees P&G coming in with the shopper insights and innovations, and Shopee’s platform and technology to offer users across the region a fun, engaging and convenient way to shop. A first-of-its-kind initiative, Show Me My Home features a one-stop shop offering P&G products (see appendix for full list) categorized by rooms and will be available via a dedicated P&G microsite on Shopee’s platform. A staggered launch of the microsite will be available to consumers in key SEA markets including Malaysia, Indonesia, Singapore, Vietnam, Thailand and the Philippines.

With a shared vision to serve the region’s increasingly savvy digital consumers at scale, this campaign is designed to enable consumers to feel and experience the products by bringing the element of reality onto a digital platform. “At P&G, we are always looking for ways to innovate in order to serve our consumers better. Online shoppers today want the information they need when they need it, at the click of a mouse or a swipe of a tablet or smartphone,” says Kim Dong Hyun, Regional Director, eCommerce, APAC Middle East Africa. “And retailers have only milliseconds to grab their attention and complete any transaction. The collaboration with Shopee reflects P&G’s commitment to provide consumers with convenient access to P&G products as we broaden our capabilities online through upcoming, relevant and meaningful engagement with our consumers. With a platform like Shopee, we are able to serve even more consumers across the region and integrate value-added services such as localized payment and shipping options.”

Ian Ho, Regional Managing Director at Shopee, said, “At Shopee, we are constantly innovating to improve our platform, features and offerings in response to the latest industry trends and users’ evolving preferences. As e-commerce becomes increasingly prevalent, it is crucial that we continue to upgrade the online shopping experience; to make it even more fun, personalised and engaging. We are pleased to collaborate with P&G who shares this same vision to pilot the novel Show Me My Home initiative, and to offer a one-of-a-kind experiential shopping journey for our shoppers across the region.”

The Show Me My Home microsite will feature various activities and exclusive content to provide shoppers with a fun and engaging experience when shopping for P&G products on Shopee. This includes curated content on hygiene tips and tricks on Shopee Feed, a special P&G edition of Shopee’s classic Flip & Match game, exclusive live streams on Shopee Live featuring popular Key Opinion Leaders streaming from their homes.

*Link will go live 2 May 2020, 00:00hrs SGT – 4 May 23:59hrs SGT

Photo – https://photos.prnasia.com/prnh/20200429/2789571-1-a?lang=0

About Procter & Gamble

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It was launched in 7 markets in 2015 to connect consumers, sellers, and businesses in the region. Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.

Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea’s other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea’s mission is to better the lives of consumers and small businesses with technology.

Appendix

Country

 

Category of products

P&G Brands

Malaysia

Fabric, Haircare, Skincare, Shave, Home, Feminine Care, Oral Care, Health Care

Dynamo®, Downy®, Fab®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Hair Recipe®, Gillette®, Venus®, Joy®, Ambi Pur®, Febreze®, Whisper®, Oral B®, Olay®, Vicks®

Vietnam

Diapers, Fabric, Haircare, Skincare, Shave, Feminine Care, Oral Care, Safeguard

Pampers®, Ariel®, Downy®, Tide®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Oral B®, Gillette®, Venus®, Whisper®, Olay®, Safeguard®

Indonesia

Diapers, Fabric, Haircare, Skincare, Shave, Feminine Care, Oral Care, Health Care

Pampers®, Downy®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Gillette®, Venus®, Whisper®, Oral B®, Olay®, Vicks®

Singapore

Diapers, Fabric, Haircare, Skincare, Shave, Home, Feminine Care, Oral Care, Health Care

Pampers®, Dynamo®, Downy®, Tide®, Pantene®, Head & Shoulders®, Herbal Essence®, Gillette®, Venus®, Joy®, Ambi Pur®, Febreze®, Whisper®, Oral B®, Olay®, Vicks®, Tampax®, Always®, Bounce®, Bounty®, Charmin®

Thailand

Diapers, Fabric, Haircare, Skincare, Shave, Home, Oral Care, Safeguard, Feminine Care

Olay®, Oral B®, Pampers®, Downy®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Gillette®, Venus®, Ambi Pur®, Safeguard®, Whisper®

Philippines

Diapers, Fabric, Haircare, Skincare, Shave, Home, Feminine Care, Oral Care, Safeguard, Health Care

Pampers®, Ariel®, Downy®, Tide®, Pantene®, Head & Shoulders®, Herbal Essence®, Rejoice®, Secret®, Old Spice®, Gillette®, Venus®, Joy®, Ambi Pur®, Whisper®, Oral B®, Olay, Safeguard®, Vicks®
PR Newswire

Touchless Entry with Ultraloq U-Bolt Pro Smart Lock and Donation Program

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FREMONT, Calif., April 30, 2020 /PRNewswire/ — U-tec, the Fremont based Smart Lock company, is featuring their Ultraloq U-Bolt Pro, which will allow people to open their lock without touching it.

“The touchless features that the Ultraloq U-Bolt Pro offers, like auto-unlock, unlocking with your smartphone, using Alexa and Google Assistant, even using your Apple Watch, adapt perfectly to this unprecedented times. People can upgrade to an Ultraloq U-Bolt Pro in their house, health care facility, warehouse, or any other place where they need frequent access. With these features, they don’t need to touch their lock, and this will lower the risk of getting Coronavirus,” said Guillermo Montalvo, Marketing director of U-tec.

Ultraloq U-Bolt Pro 6-in-1 Smart Deabolt
Ultraloq U-Bolt Pro 6-in-1 Smart Deabolt

The options the Ultraloq U-Bolt Pro offers for a touchless entry are:

  • Via the smartphone App
  • Voice Control
  • Auto Unlock
  • Apple Watch

With the U-tec App that is available for iOS and Android, people can fully control their Ultraloq U-Bolt Pro, like unlocking and locking, all of it without touching it.

Alexa and Google Assistant need to be paired with the Ultraloq U-Bolt Pro and an Ultraloq Bridge, and this will allow users to use voice commands to unlock or lock the door. 

Auto Unlock feature uses the users’ GPS to determine the proximity to their door, and then via Bluetooth, it will communicate with the Ultraloq U-Bolt Pro to trigger the function.

Similar to the Auto Unlock feature, Apple Watch will communicate via Bluetooth, with an Apple Watch users will be able to unlock or lock the door.

As the situation intensifies daily, U-tec just announced a donation program. When a customer purchases any Ultraloq Smart Lock on their Website, they will donate 10 meals to the San Francisco-Marin Food Bank, to help people who may now be facing hunger as a result of lost hours, wages, or jobs. 

San Francisco-Marin Food Bank
San Francisco-Marin Food Bank

About U-tec

U-tec leads connected smart door lock revolution. Located in Fremont, California, U-tec invents and manufactures Ultraloq Whole-Home Smart lock system that fits into any lifestyle that lets consumers access every door in a true keyless way. They have complete control of who comes and goes via smartphone even they are away. Temporary access can be granted to guests, dog walker, babysitter, or service provider remotely. Ultraloq smart lock integrates seamlessly with major smart home platforms to intelligently interact with other smart devices, which provides unlimited possibilities.

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PR Newswire

The New Roborock S6 MaxV Sets Innovative Navigation Standard in Home Robotics

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HONG KONG, April 29, 2020 /PRNewswire/ — Roborock, developer of ultra-intelligent vacuum cleaners, today introduces its latest product innovation, the Roborock S6 MaxV. This premium addition to the company’s S-Series lineup is the first Roborock vacuum to include a stereo camera, allowing advanced obstacle avoidance technology called ReactiveAI. In addition, it’s the first product to be powered by a Qualcomm® APQ8053 processor chip from Qualcomm Technologies, Inc. – giving the MaxV cutting-edge on-device AI and connectivity performance. Its ReactiveAI enables the vacuum to not only recognize, but also avoid a range of common robot trapping obstacles, meaning people, especially parents and pet owners, can run their robotic vacuums with fewer worries than ever before.

Roborock S6 MaxV Robotic Vacuum
Roborock S6 MaxV Robotic Vacuum

“The seamless integration of ReactiveAI with our advanced laser technology allows the Roborock S6 MaxV to estimate the size and location of common obstacles and the best way to clean around them, setting the standard for our smartest navigational robot vacuum yet,” said Richard Chang, CEO of Roborock. “The powerful image processing technology behind it has led us to work with Qualcomm Technologies for the first time, a journey we are delighted to begin as we continue to imagine the next generation of robotic vacuums to navigate today’s world.”

This vision is echoed by Dev Singh, senior director of business development and head of autonomous robotics, drones and intelligent machines at Qualcomm Technologies, Inc. “The advancements that Roborock has made in the Home Robotics industry these past years are remarkable,” said Singh. “We’re thrilled to work with Roborock on their first product to launch with a stereo camera and a Qualcomm APQ8053 heterogeneous processor – powering the MaxV with cutting-edge on-device computation performance plus long-lasting battery life – in an effort to bring the next generation of innovative robot vacuums to life.”

Advanced Obstacle Recognition and Avoidance

  • Stereo camera – The Roborock S6 MaxV is equipped with a stereo camera on the front that captures detailed images at a maximum speed of 30 fps, allowing powerful image processing to recognize and avoid common obstacles including pet waste, scales (weighing), or shoes.
  • ReactiveAI – This obstacle avoidance technology utilizes a Convolutional Neural Network for image processing – trained on tens of thousands of images and powered by a fast and powerful Qualcomm® APQ8053 processor.

Roborock’s Most Powerful Robot Vacuum Yet

  • Powerful suction – With its 2500Pa of suction, which offers 25% more suction power than its predecessor the S6, the S6 MaxV is Roborock’s most powerful vacuum cleaner ever launched, now picking up even finer dirt from hard floors and reaching deeper into carpets.
  • Battery life – The S6 MaxV also has an extra-large 5200mAh battery – allowing it to clean for up to three hours (in quiet mode). Smart Top-Up allows the robot to recharge just enough to complete a large clean when needed.

Beyond Hardware

  • Multi-level maps – New clever software features are continually being introduced. In particular, multi-level mapping technology, a feature in high demand by customers, allows the robot to automatically recognize different levels of a home.
  • Every floor can now have its own set of No-Go Zones and No-Mop zones, and the already popular automatic room recognition feature – which automatically splits each level into rooms – can also be extended to multiple floors.

The Roborock S6 MaxV will be available in the US at the end of Q2 for $749 RRP.
In addition, the company also added the Roborock E4 to its E-Series lineup today. The robotic vacuum, available on Amazon for $299, features precision sensors and an internal map, enabling it to know where it has cleaned and what areas still remain.

For more information on either product visit us.roborock.com. 

About Roborock

Roborock specializes in the research, development, and production of robotic home cleaners and other cleaning appliances. It develops and produces robot vacuums under its Roborock brand, as well as creating robot vacuums for one of China’s largest technology companies, Xiaomi. Each robot it builds is designed to fulfill a singular purpose: To give people more time to spend on the things they love. Currently, Roborock is available in 40 countries, including the U.S., Germany, France and Spain. The company operates out of four locations, with offices in Beijing, Shanghai, Shenzhen, and Hong Kong.

Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries.

Qualcomm APQ8053 is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

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PR Newswire

RattanIndia Finance Wins the Celent Model Bank Award 2020 for Retail Lending Powered by Nucleus FinnOne Neo

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NEW DELHI, April 22, 2020 /PRNewswire/ — Celent, the world’s leading research, advisory and consulting firm focused on financial services technology, has named RattanIndia Finance as the winner of The Celent Model Bank Award 2020 for Retail Lending, powered by FinnOne Neo from Nucleus Software.

Celent Model Bank Awards recognize the best practices of technology usage in banking. RattanIndia Finance deployed FinnOne Neo in the cloud, disrupting the consumer finance market with a superior digital experience, speedy approvals and the rapid launch of innovative loan products. With FinnOne Neo, RattanIndia reduced the time taken to bring new products to market by 50%, decreased the IT resource count by 75% and lowered the cost of ownership by 90%. They recorded rapid business growth and became the first lender to offer loans for electric bikes in India

Mr. Craig Focardi (Senior Analyst, Celent) said, “Although the growth of cloud computing has accelerated in recent years, the movement of mission-critical core lending and banking solutions has not. RattanIndia Finance’s successful transition of its entire end-to-end lending platform for retail and corporate banking is a leading-edge example of the future potential for public cloud, which is why RattanIndia Finance is worthy of Celent’s Model Bank 2020 Award for retail lending.”

Mr. Harvinder Gandhi (Head of Technology, RattanIndia Finance) commented, “We are really excited to win the Celent Model Bank Award, powered by FinnOne Neo. This project helped us differentiate as an agile, digital and customer focused lender. We are delighted that the project confirmed our belief that technology powers business growth and helps us deliver a superior customer experience. The results that we have seen are truly remarkable.”

Mr. R. P. Singh (CEO, Nucleus Software) said, “Our heartiest congratulations to RattanIndia Finance for wining this prestigious Model Bank Award from Celent. RattanIndia Finance is an innovative company and we are proud to support them in their goal to provide a faster, easier and more customer centric experience. This achievement is a further testament to the confidence of global financial services industry in the power, reliability and robustness of our solutions.”

About: Nucleus Software. 

Media Relations:  

Rashmi Joshi
rashmi.joshi@nucleussoftware.com  
+91-9560-694654

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PR Newswire

COVID-19 Pandemic Impact: Freight Activity Falls After Historic Rise with Disruption Ahead – Double Digit Impact Expected in Q2

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ABI Research whitepaper identifies the short-and long-term impacts the global pandemic will have on Freight Transportation and Logistics

OYSTER BAY, New York, April 21, 2020 /PRNewswire/ — It is no surprise that the COVID-19 outbreak has led to panic buying of items such as toilet paper and sanitizing supplies. However, this buying behavior has led to a massive need for trucks to help restock stores, shrinking the capacity available for other products. The result is a historically tight trucking market that has dropped 20% in volume in just the last two weeks, states global tech market advisory firm, ABI Research.

“Rising costs, shrinking capacity, and panicked customers are shaking up the freight transportation and logistics markets,” says Susan Beardslee, Principal Analyst at ABI Research. The American Association of Port Authorities sees 1Q volume decreased by at least 20%, including blank sailings, which may cost carriers US$1.9 billion. Rail freight is also impacted with intermodal down by approximately 50%, including from California’s Long Beach and Los Angeles ports (the leading container ports in the United States and the busiest in the Western Hemisphere). Global air cargo volumes for the last month are expected to be down 9%. New restrictions on passenger travel from much of Europe to the United States will further affect air cargo capacity. DHL alone is reporting an impact of US $79 million to February earnings. All of this adds to the already existent decreases due to the China-U.S. tariff tensions.

“In the short term, there has been more than a six-week delay in shipments for cargo sourced from China. Other markets from Vietnam to Mexico often rely on Chinese components and raw materials, creating a knock-on effect to the supply chain, including transportation and logistics. The initial loss of road transport demand has begun in the ports and is moving to the warehouses and inland routes. Cargo capacity demand in China is beginning to demonstrate some initial signs of growth, with airfreight between China and the United States growing 27% over the last 14 days, creating a demand/supply imbalance,” Beardslee explains. This capacity challenge will move to containers (stranded outside of China) and trucks. However, as the virus has continued to spread outside of China, government actions have included restrictions on travel from 26 European countries to the United States. “Belly cargo” (air cargo) is transported via passenger flights, estimated to be 50% of all air cargo. When this capacity is drastically removed between Europe and the United States, availability will be significantly impacted and spikes in pricing are expected.

“In the longer term, there is little visibility to forecast, which will have a material impact on transportation and logistics this year. The virus is now impacting the global supply chain, with a current estimate of 113 countries identified as reporting cases. Transportation requirements will be hard to predict. Both capacity and pricing swings are anticipated across transportation modes, with the associated impact to shippers worldwide,” says Beardslee.

Shippers need to evaluate options and model changes across modes of transportation, considering interruptions, delays, and significant price increases. Both manufacturers and retailers need to develop prioritization plans for customers, potentially with set limits per customer. Systems integration whenever possible (ERP, Transportation Management System (TMS), Warehouse Management System (WMS)), along with predictive analytics/scenario modeling, is ideal. “Finally, keep in mind that as some countries begin to scale up production and transportation, others may move into containment strategies to address an outbreak. This will require near-real-time visibility across modes and the flexibility to adjust everything from inventory quantities and locations to substitution whenever possible,” Beardslee advises.

For a clearer picture of the current and future ramifications of COVID-19 across technologies and industries, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:                                                              

Global                                                             
 Deborah Petrara                                                           
Tel: +1.516.624.2558                                                    
pr@abiresearch.com      

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PR Newswire

Vestiaire Collective Raises €59 Million to Support Its Community in Changing the Fashion Industry for a Better Tomorrow

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PARIS, April 21, 2020 /PRNewswire/ —

  • The new round brings on board Korelya Capital, funds managed by Fidelity International, Vaultier7 and Cuir Invest
  • Existing shareholders Eurazeo (Eurazeo Growth & Idinvest Venture funds), Bpifrance, Vitruvian Partners, Conde Nast, Luxury Tech Fund and Vestiaire Collective’s CEO, Max Bittner also reinvest
  •  The round will be used to:
    –     Continue transforming the fashion system while offering a smart, circular and responsible alternative to throw-away fashion
    –     Jointly explore the expansion of the global business into Japan and Korea through Korelya Capital, backed by Naver
    –     Expand the launch of Direct Shipping service in the US

Ahead of Earth Day’s 50th anniversary and in this unprecedented period of uncertainty, Vestiaire Collective, the leading global platform for desirable pre-owned fashion today announces the completion of a €59 million round of financing, existing shareholders reinvest alongside new investors Korelya Capital, which is backed by Korean technology conglomerate Naver, funds managed by Fidelity International,  Vaultier7, a specialist female-led consumer fund, and Cuir Invest, which is backed by the French Leather industry.

The current economic and ecological crisis are accelerating an existing shift in consumer mindset, driven by growing criticism of waste-producing business models, and increased desire for purpose-driven brand action. As a company, Vestiaire Collective is committed to limiting the waste produced by the fashion industry, by keeping clothes out of landfill and increasing the number of times they are worn today, for a better tomorrow.

As the leading global resale platform, this round demonstrates that the Vestiaire Collective model embodies the future of the fashion industry and unifies growing consumer sentiments. Following the COVID-19 crisis, we expect:

  • Further adoption of online shopping, but more importantly an increased focus on social values and communities, with more people supporting each other.
  • Consumers are set to become increasingly resourceful as they look to resale as an additional way to raise funds and find unexpected value in their wardrobe.
  • Environmental concerns will further drive a more conscious approach to consumption, as 20% of consumers expect to reduce their clothing consumption following the crisis*.

Vestiaire Collective has seen deposits and orders quickly rebound to the pre-COVID 19 baseline or above. During this challenging period this clearly demonstrates customer demand for circular business models, both now and looking ahead to the future of the rapidly evolving retail landscape.  

Vestiaire Collective encourages a move away from throwaway fashion towards quality that lasts and holds value. We believe that today, our community of over 9 million fashion activists will be proud to lead by example and spread the word converting more consumers to the cause. Because in the end, it’s not the big, impressive statements that will make the most impact, but the meaningful change taken every day by individuals, no matter how small or large. We trust Vaultier7 as members and ambassadors of the Vestiaire Collective community to help us build on this momentum by expanding in the most thoughtful way. We are also excited by their extraordinary network which will  support us in further unlocking underutilized personal luxury goods to meet the demand of buyers globally.

This new round of funding will also allow for further acceleration of Vestiaire Collective international business beyond the countries where the company’s community is already well established. Currently, over 80% of the French headquartered company’s transactions are already generated cross-border.

Thanks to Korelya Capital, which is backed by Korean technology conglomerate Naver, Vestiaire Collective will jointly explore the expansion towards Japan, the biggest resale market in the world, and Korea in 2020 and beyond.

Finally, this round will help us continue to drive ambitious growth in the US market and further develop our successful Direct Shipping model. Launched in Europe in September 2019 the service is increasingly popular with a growing number of customers. Currently already over 50% of orders in the EU are fulfilled through the new service, which is also growing at a rate of +60% MoM. The model will be launched in the United States in early summer followed by Asia before the end of 2020.

Max Bittner, CEO of Vestiaire Collective - Investment Announcement
Max Bittner, CEO of Vestiaire Collective – Investment Announcement

Max Bittner, Vestiaire Collective’s CEO comments:

“I am personally convinced that this unprecedented period of disruption will not only challenge where we shop but how we shop. Vestiaire Collective was built during the 2008 crisis, and proves today how it can help people in their daily life to make the most out of their belongings, but also to access fashion in a sustainable and conscious way. Everyday, I feel proud and amazed by our global community of fashion activists who are leading the way towards a brighter future.”

Paul Degueuse, General Partner of Korelya Capital says,

“As we all take a step back and contemplate the way we live, we believe consumption patterns are on the verge of a deep structural evolution, and C2C platforms have a strong role to play here. We see in Vestiaire Collective an emerging leader and catalyst of this upcoming disruption. We are extremely enthusiastic to support Vestiaire Collective and its founders in its expansion. There are tremendous opportunities for growth in Asia, and we look forward to helping the company accelerate its expansion in this part of the globe.”

Vaultier7 comments:

“Vestiaire Collective has transformed the way people consume desirable and luxury fashion with its trusted and inspirational resale model and we are truly proud to be there at this time to support them in their mission, and support buyers and sellers across the globe on their path to cautious, minded consumption, values which are more important than ever and which are at the core of Vaultier7.”

Frank Boehly, Président of SIC SA investor Cuir Invest, says,

“Cuir Invest is happy to support Vestiaire Collective, as it is a company with an impressive management team, and huge growth potential. We have been impressed by the technological quality of the solution, by the quality and the dynamism of the management team, and by their intelligent and sustainable approach to fashion. We truly believe that Vestiaire Collective can become the world leader in their sector.”

NOTES TO EDITORS:
*McKinsey Covid-19 response in Apparel and fashion study 

About

About Vestiairecollective.com Vestiaire Collective is the leading global platform for desirable pre-owned fashion. Curated by its trusted community of fashion lovers, members inspire one another whilst selling and buying unique pieces from each other’s wardrobes. Encouraging consumers to join the circular economy as a sustainable alternative to throw-away fashion, the platform is unique due to its highly engaged community, its rare desirable inventory and its authenticity and quality control process. Launched in Paris in October 2009, Vestiairecollective.com has over 9 million members across 90 countries worldwide with offices in Paris, London, New York, Milan, Berlin and Hong Kong. Over 60,000 new items are submitted by its community of sellers every week, which enables buyers to search amongst highly coveted and sold out fashion pieces whilst participating in the circular fashion movement. @vestiaireco

ABOUT VAULTIER7

Founded by experienced dealmakers Montse Suarez and Anna Sweeting, and backed by elite investors, Vaultier7 is the UK’s first specialist investment fund dedicated to partnering high growth category creators and disrupters in the converging sectors of Beauty & Personal Care, Health & Wellness and Lifestyle.

Vestiaire Collective - Investment Announcement
Vestiaire Collective – Investment Announcement

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PR Newswire

Tukatech Introduces Industry’s First Virtual Digitizing and Home Printing

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LOS ANGELES, April 16, 2020 /PRNewswire/ — There have been many firsts for Southern California based Tukatech Inc. Today, the leader in fashion technology announced the first ever virtual digitizing and home plotting/printing system to the apparel industry. These new features, accessible through TUKAcad subscription, allow users to digitize patterns on any flat screen and print them in the comfort of their home, no need for a clunky station with large digitizing and plotting equipment.

Tukatech Introduces Industry’s First Virtual Digitizing and Home Printing
Tukatech Introduces Industry’s First Virtual Digitizing and Home Printing

Users can access the Virtual Digitizer in TUKAdesign (pattern making and grading system) to trace physical patterns using a flat screen monitor in place of a digitizing board. Digital photos or scans of patterns can also be imported for a more flexible workspace.

Plotting is now possible with any home printer. The new printing tool breaks the pattern pieces across a grid of standard-sized pages. A simple layout guide shows where to join the pages, at which point the pattern pieces can be cut out with scissors. Watch an overview of Virtual Digitizing and Home Printing.

“As people continue to work from home due to COVID-19, these new features become significant for designers and pattern makers. They can easily equip themselves with a complete end-to-end solution without the bulk. One CAD system, a monitor and a printer are all you need,” says Sean Kim, Director of Technical Services at Tukatech.

Earlier in January, Tukatech disrupted the industry with the first ever Automatic Pattern Making solution, TUKA-APM. With TUKA-APM, a person of any skill level can complete a graded pattern in seconds. “Since the start of Tukatech in 1995, my focus has and remains to simplify the product development process. Tukatech is known to be the innovators of fashion technology and the first to introduce many new features and solutions,” says Ram Sareen, Founder and CEO of Tukatech. “The virtual digitizer and home plotting features not only simplify the process but put less strain on those strapped with cash and do not have a digitizer or a plotter in their current budget. This is an affordable and quality option for home businesses to help run their business,” continues Sareen.

For more information about TUKAcad subscriptions please visit: www.tukaweb.com/subscriptions.

About Tukatech – Tukatech was founded in 1995 with the objective to have pattern makers create patterns digitally on the computer. On their silver anniversary, Tukatech is an influential fashion technology company known worldwide for innovative solutions and superior technical support. They are the industry’s leading provider of fashion software and machinery for product development, cloud collaboration, and garment manufacturing. Visit us at: https://tukatech.com/.

Contact: tukateam@tukatech.com