Daily LInks
1. The Metaverse Lures Brands Like Nike and Gap With New Ways to Market and Make Money: Though companies are making forays into transacting business in the metaverse, for now much of the activity there is focused on marketing to generate sales in the real world. – Read More on the WSJ
2. Gold sector must consolidate amid ESG, market pressures: One of the challenges for gold is it doesn’t play an intrinsic role in the world’s move to decarbonize energy supply. But gold plays an incredibly important role, as it has for millennia, in creating value. – Read More on S&P Global
3. Can Revlon Be Saved with a Surge in the Lipstick Index? Against the backdrop of Revlon’s heavy debt load, upstart brands are in the ascendancy — from those created by members of the Kardashian clan to luxe names such as Charlotte Tilbury, as well as trends that quickly go viral on Instagram or TikTok. – Read More on Bloomberg
4. “Right now we don’t need luxury.” Weeks after the easing of restrictions in Shanghai, which allowed the millions of residents who had been confined to home for months to venture outside, consumers and business owners are navigating a precarious new normal. – Read More on the FT
5. Companies Skewer SEC’s Climate-Disclosures Plan in Comment Letters: Gap Chief Financial Officer Katrina O’Connell said in a June 2 letter to the SEC that the regulator didn’t provide enough clarity about how it defines what is material to shareholders, which is the threshold for certain disclosures. – Read More on the WSJ
