Week in Review: TikTok's music troubles, H&M's new CEO, Lyst's latest brand rankings
Feb 2, 2024
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This episode discusses TikTok's music shakeup and investment in e-commerce, H&M's new CEO and earnings report, Lyst's latest brand rankings, and the challenges and changes in the fashion industry. Prada takes the number one spot in brand rankings. They also discuss popular fashion items and plans for a mailbag episode.
Universal Music may remove music of its top artists from TikTok due to disagreements over licensing and compensation.
TikTok partners with GoTo to expand its e-commerce presence in South Asia and enter new markets through strategic partnerships.
Deep dives
Universal Music potentially pulling music from TikTok
Universal Music has announced that it may pull the music of its biggest artists, including Taylor Swift and Ariana Grande, from TikTok due to disagreements over licensing and compensation. TikTok argues that they benefit from the artists' presence on the platform, but Universal believes TikTok pays artists less compared to other social networks.
TikTok's joint venture with an Indonesian e-commerce firm
TikTok has entered a joint partnership with GoTo, the largest e-commerce company in Indonesia, to jointly operate TikTok shop. This move reflects TikTok's focus on expanding its e-commerce presence in South Asia and entering new markets through strategic partnerships.
H&M's CEO steps down amidst challenging times
Helena Helmerson, CEO of H&M Group, has abruptly stepped down during the company's earnings call. H&M has reported lower sales during the holiday season and has been implementing cost-cutting measures, including layoffs and store closures. Daniel Erver, the former head of H&M brand, will replace Helmerson as CEO.
On the Glossy Week in Review podcast, senior fashion reporter Danny Parisi and editor-in-chief Jill Manoff break down some of the biggest fashion news of the week.
On this week’s episode, we talk about TikTok’s music shakeup and recent investment in e-commerce, H&M's new CEO and 2023 earnings report, and Lyst's latest quarterly Index revealing the buzziest fashion brands and styles.
We want to hear from you! We’re doing our first mailbag episode of the Week in Review podcast where we'll answer listener-submitted questions. If you’d like to submit a question, leave a voicemail at 929.688.2750, and we will play your recorded question on the air. You can also DM us on Glossy’s Instagram or email danny@glossy.co.
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