1. Luxury Brands Are in a Winner-Takes-All Phase. France’s three most powerful luxury-goods companies reported very mixed second-quarter results last week, with Hermès capturing the lion’s share of growth in luxury-goods spending in the second quarter, while everyone else lagged behind. – Read More on the Wall Street Journal

2. Google parent’s partnership with AI startup Anthropic under UK scrutiny. More than 18 months after Microsoft-backed OpenAI triggered an AI boom with the release of ChatGPT, antitrust regulators around the world have been increasingly concerned by multiple deals struck between smaller industry startups and big tech giants. – Read More on Reuters

3. Meta agrees to $1.4 billion settlement in Texas biometric data lawsuit over Facebook images. The lawsuit related to the Facebook owner’s unauthorized use of the personal biometric data of users from uploaded photos and videos on the social media site. – Read More on CNBC

4. For China’s e-commerce platforms, low prices are no longer enough. China’s e-commerce sector is undergoing a major strategic shift as platforms switch gears from prioritizing ultralow prices to more sustainable sales growth. – Read More on Nikkei Asia

5. Is A.I. Unstoppable? Some Hollywood Craftspeople Fear the Answer Is Yes. Actors and writers won strict limits on artificial intelligence in last year’s contract negotiations, but editors and artists face a growing challenge. – Read More on the New York Times

1. End of tax loophole risks dimming Shein’s IPO appeal, investors say. Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said. – Read More on Reuters

2. RELATED READ: Regulating the Industry: A Running Tracker of Fashion-Focused Legislation. The America’s Trade and Investment Act includes “over $14 billion in incentives for apparel, footwear, and accessories reuse and recycling, onshoring/reshoring, closing the de minimis loophole, addressing forced labor, and more.” – Read More on TFL

3. Four innovations helping the fashion industry embrace the circular economy. Global sales of ‘pre-loved’ clothing look set to account for 10% of global fashion industry sales in 2024. – Read More on WEForum

4. Big Luxury Frets That China Is Turning Japanese. Just like post-boom Tokyo in the 1990s, the Chinese are embracing value for money and mix-and-match. That’s bad news for Europe’s fashion empires. – Read More on Bloomberg

5. The problem of fakes in the art market. Checking provenance is relatively straightforward on the primary market, where collectors buy from a living artist’s studio or representative, but less so on the secondary market, which refers to the resale of works. – Read More on CNBC

1. Luxury Brands Are In A Winner-Takes-All Phase. The luxury goods market is becoming increasingly competitive, with a few dominant brands capturing the majority of sales. – Read More on The Wall Street Journal

2. Nike Faces Investor Pressure On Human Rights and Supply Chain Issues at Annual Meeting. Nike is under scrutiny from investors regarding human rights and supply chain practices, highlighting ongoing concerns about sustainability and ethical operations. – Read More on Business of Fashion

3. Tourists Buying Gucci Make Japan Exception To Global Luxury Slump. Despite a global downturn in luxury sales, tourists continue to purchase Gucci in Japan, making it a standout market. – Read More on Nikkei Asia

4. LVMH’s Publicity In Olympics Ceremony Raises Eyebrows. LVMH’s prominent presence during the Olympics ceremony has sparked discussions about the role of luxury brands in major public events. – Read More on France 24

5. LVMH’s Bernard Arnault Mentions Potential Collaboration with SpaceX. Bernard Arnault of LVMH commented on a potential collaboration with SpaceX and also discussed Richemont shares, signaling a potentual strategic move in the luxury sector. – Read More on Hypebeast

6. SHEIN’s $1.9 Million Data Breach: A Cautionary Tale For Online Fashion Brands. SHEIN’s significant data breach highlights the importance of cybersecurity measures for online fashion retailers. – Read More on JD Supra

1. It’s Even Worse At Gucci Than We Thought. Recent developments suggest Gucci’s turnaround efforts are facing more challenges than anticipated, putting pressure on new leadership. – Read More on Bloomberg

2. LVMH And Kering Defend Marketing Investments As Profits Slump. Despite declining profits, LVMH and Kering stand by their heavy marketing investments, believing in their long-term benefits. – Read More on Glossy

3. For Luxury Brands, ‘China Is the New China’. The phrase encapsulates the ongoing and dominant role of the Chinese market in driving growth for luxury brands worldwide. – Read More on The Wall Street Journal

4. 7-Eleven Settles Trademark Suit Against ‘Seven-Eleven Law Group’. 7-Eleven has reached a settlement in its trademark lawsuit against the similarly named Seven-Eleven Law Group. – Read More on Law360

5. A New Tool For Copyright Holders To Track AI Training Data. A groundbreaking tool has been developed that allows copyright holders to verify if their works are used in AI training datasets. – Read More on Technology Review

6. AI’s Role At The Patent Office Spurs Stakeholder Debate. The extent of AI involvement in the operations of the Patent Office is currently a subject of intense debate among stakeholders. – Read More on Bloomberg Law

1. Fashion’s Fake News Epidemic. High-profile disruptions by Tom Ford and John Galliano at fashion giants Dior and Chanel underscore a turbulent period in fashion. – Read More on The New York Times

2. Four Innovations Helping The Fashion Industry Embrace The Circular Economy. The growing trend of secondhand clothing is advancing sustainable fashion and supporting the circular economy. – Read More on World Economic Forum

3. The Apparel Industry’s Stubborn Low-Tech Forecasting Problem. The apparel industry continues to struggle with outdated forecasting methods, impacting its efficiency and adaptability. – Read More on Forbes

4. AI Firms’ Designs Not Copyrightable, Judge Rules. A recent legal ruling states that designs generated by an AI firm cannot be copyrighted. – Read More on Massachusetts Lawyers Weekly

5. Nike And Adidas Don’t Want To Share The Olympic Podium. Nike and Adidas are vying for top visibility and association with the Olympic Games, refusing to share the spotlight. – Read More on The Wall Street Journal

6. LVMH Shows The Luxury Sector Is In Pain. An analysis of LVMH provides insights into the financial future of the luxury market amidst evolving global economic conditions. – Read More on Bloomberg

1. Best Buy Unveils Plans To Grow Sales, Cash In On AI. Best Buy announces strategies to boost sales and leverage artificial intelligence technologies. – Read More on CNBC

2. Ohio State University Wins Trademark For ‘The’. Ohio State University secures a trademark for the definite article “The”, marking a unique achievement in trademark law. – Read More on Yahoo News

3. NBA Faces Music Copyright Lawsuits. The NBA is currently embroiled in lawsuits over copyright issues related to music used during games. – Read More on Front Office Sports

4. Investors Demand Change At LVMH After Probe Into Dior Contractors. Some investors are calling for changes at LVMH following a probe into the practices of Dior contractors. – Read More on Reuters

5. Rushing Goods In Early Ahead Of Shipping Disruptions. U.S. importers are accelerating their shipments to avoid anticipated disruptions in the shipping industry. – Read More on WSJ

1. Apparel Industry Faces Plastic Leakage Challenge. A study by Cotton Incorporated and North Carolina State University highlights the issue of plastic leakage from synthetic fibers in the apparel industry. – Read More on Sourcing Journal

2. This Professor’s Machine Could Make Clothing More Recyclable. A new machine developed by a professor promises to enhance the recyclability of clothing, potentially transforming the fashion industry. – Read More on The Seattle Times

3. How Vulnerable Is the Apparel Industry to Technology Failures? A look at the risks and impacts of technology failures within the apparel industry after last week’s global CrowdStrike outage. – Read More on Just Style

4. Trump’s Party Is Looking at Your Supply Chain. The GOP’s platform, as described at the Republican National Convention, aims to change tariff rules on imports and retailers are paying attention. – Read More on Forbes

5. Elon Musk’s AI Fashion Show Impresses World Leaders. Elon Musk hosts an AI fashion show that captivates global leaders, showcasing the merging of technology and high fashion. – Read More on WWD

1. Burberry Braces for a Reset: Less Edgy, Lower Prices. Burberry’s new CEO Joshua Schulman is steering the brand towards a more conservative image with lower prices to attract a broader audience. – Read More on The Times

2. Luxury Brands Need to Win Back Middle-Class Shoppers. As luxury brands face declining sales, they are focusing on making their products more accessible to middle-class consumers. – Read More on WSJ

3. Greenwashing is Out of Fashion — It’s Time to Remove It from the Clothing Industry. The fashion industry is being urged to eliminate greenwashing practices and embrace genuine sustainability efforts. – Read More on The Hill

4. For Fashion, Sports Stars Are the New Superstars. Sports stars are increasingly becoming fashion icons and brand ambassadors, overshadowing traditional fashion models. – Read More on NYT

5. Gucci’s Owner Lost His Patience. What Came Next Was a Grand Reinvention. Following impatience from François-Henri Pinault, Gucci underwent a significant transformation to revitalize the brand. – Read More on WSJ

1. Coach’s Big Metaverse Test. Coach is experimenting with the metaverse to engage consumers in new ways and enhance their digital shopping experience. – Read More on Vogue Business

2. Is AI The Emperor’s New Clothes? There are growing concerns and debates about whether artificial intelligence stocks are overhyped or if it truly holds transformative potential. – Read More on Reuters

3. ReShop: The Rise of Resale Refunds. ReShop introduces a new model where shoppers can receive refunds on pre-owned items, potentially revolutionizing the resale market. – Read More on WWD

4. Supreme’s Sale to VF Corp Eyed By EssilorLuxottica, Explained. EssilorLuxottica, the eyewear group which owns Oakley and Ray-Ban, emerged as a surprise buyer for the streetwear juggernaut and even though VF Corp. sold Supreme at a loss, the deal will help ease the mounting pile of debt on the group’s balance sheet. – Read More on Business of Fashion

5. Amazon Prime Day Drives US Online Sales Up 11% To $14.2 Billion. Amazon Prime Day significantly boosted US online sales, marking an 11% increase to $14.2 billion. – Read More on Bloomberg

6. Hugo Boss Warns On Luxury Spending Cuts, Full-Year Sales Outlook. Hugo Boss cautions about potential cuts in luxury spending, leading to a revised sales outlook for the full year. – Read More on WSJ

1. Luxury Group In Sights of LVMH’s Arnault? There is speculation that LVMH’s Bernard Arnault may be eyeing Richemont, whose portfolio includes eight watch brands including Baume & Mercier, IWC Schaffhausen and Piaget, for potential acquisition. – Read More on France 24

2. Macy’s Praised For Ending Buyout Talks, Urges Focus on Growth. Macy’s received commendation for terminating buyout discussions with Arkhouse and Brigade after the retailer stated a revised acquisition proposal lacked certainty of financing and did not provide “compelling value;” the company said it will focus on a shift toward growth strategies instead. – Read More on Just Style

3. Armani And Dior Probed In Italy Following Worker Exploitation Claims. Italy’s competition authority is investigating whether Armani and Dior have misled consumers about their production processes, following reports that local companies in their supply chains pay workers too little and force them to work long hours. – Read More on CNN

4. Luxury Brands Feel The Sting As Chinese Growth Slows. A prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $200 billion off the sector’s value in recent months. – Read More on Reuters

5. Is This the Craziest Sneaker You Have Ever Seen? On Running debuts its innovative “Cloudboom Strike LS Spray-On” shoes, blending advanced technology with cutting-edge design. – Read More on The New York Times