LVMH Delivered On Retail Innovation At Viva Tech With Toshi, B | Forbes

LVMH Delivered On Retail Innovation At Viva Tech With Toshi, Bored Apes, Bulgari Utility NFTs & More

During Paris innovation show Viva Tech, LVMH revealed the winners of its sixth annual Innovation Award for retail focused technology start-ups. The ceremony was co-hosted by Livi, the Group’s avatar innovation ambassador. LVMH showcased the award winners, finalists, start-ups from previous editions plus innovative solutions, activations and world premiers.

The award’s overall winner was last mile luxury delivery service Toshi. The London-based start up founded in 2017 by Net-a-Porter alum Sojin Lee, offers an elite store-to-door delivery and returns service targeted at luxury brands.

Toshi will launch in New York with Tiffany’s over the next couple of weeks. The numbers speak for themselves: a 40% increase in average order value, 30% increase in revenue and 30% reduction in returns. The service runs via Toshi’s proprietary technology which can be integrated with all major e-commerce platforms via a plug-in.