Satisfying The Fetish For Italian Shoes

Armed with a team of data scientists, 15 Italian factories, and $32 million in venture capital, Boston-based M.Gemi wants to shake up the luxury shoe market much like Brooklinen unmade the posh world of 1,000-thread-count bedsheets or Warby Parker upended the business of fashion eyewear. Global sales of high-end shoes total $18 billion annually, according to consulting firm Bain. But the major players operate the way they have for decades, says M.Gemi’s co-founder and chief executive officer, Ben Fischman: “They haven’t leveraged technology or analytics, and they haven’t leveraged a modern supply chain.” Read more at Bloomberg.