Daily LInks
1. Ralph Lauren’s ‘cluster approach’ to growing its business in China. China is a key market for Ralph Lauren, and its signature products – polo shirts emblazoned with the company’s iconic logo, cable-knit sweaters, and blazers – are now a hit with Chinese customers amid changing consumer tastes and turbulence in the luxury sector. – Read More on SCMP
2. Louis Vuitton and Dior Are Still Wardrobe Staples. Investors have seized on LVMH’s performance as a sign of stability for the luxury industry. But it will probably be among the best. – Read More on Bloomberg
3. What’s driving China’s unstoppable secondhand luxury market? China’s secondhand luxury market is tipped to grow to $30 billion (217 billion RMB) in 2025 from $8 billion (58 billion RMB) in 2020 thanks to celebrities, young consumers, and tech advances. – Read More on Jing Daily
4. RELATED READ: From Gucci to Rolex Certified, Luxury Brands Continue to Test Resale. While luxury brands have traditionally been able to exercise almost complete control over the marketing and distribution of their offerings, the rise – and robustness – of luxury resale has chipped away at that. – Read More on TFL
5. “Pablo Escobar” cannot be registered as a trademark, EU court rules. The EU General Court determined that the trademark would be perceived as being against the “fundamental values and moral standards” that prevail in Spain, an EU member state. – Read More on the FT
6. Alfa Romeo changes name of new ‘Milano’ model to ease tensions with Italy. “Although we think the ‘Milano’ name met all legal requirements, we took the decision to change it to ease relations with the Italian government,” Alfa Romeo’s CEO Jean-Philippe Imparato said in a press conference. – Read More on Reuters
