Image: LVMH

1. Fast fashion is hot. It’s also making the world hotter: The World Bank estimates that less than 1 percent of used clothing is recycled into new garments. If the industry continues at its current pace, its greenhouse gas emissions will surge more than 50 percent by 2030. – Read More on the Biz of Biz

2. LVMH boss says 2022 outlook is “so far, so good.” Asked about the situation in China, Arnault said “the demand is there” but the outlook would depend on how long strict measures to curb the spread of the coronavirus in the country would last. – Read More on Reuters

3. Vogue Russia closes as Condé Nast stops publishing after rise in censorship: “The escalation in the severity of the censorship laws, which have significantly curtailed free speech and punished reporters simply for doing their jobs, has made our work in Russia untenable.” – Read More on the Guardian

4. Fashion-obsessed Shanghai residents living in lockdown are flaunting shopping bags: In recent weeks, it appears that paper shopping bags of luxury brands have become more coveted than the actual designer handbags themselves — and can be seen hanging outside apartment doors all across the city. – Read More on Business Insider

5. Luxury goods giant LVMH is eyeing the metaverse “very carefully.” LVMH’s latest earnings call briefly mentioned the “metaverse,” stating that the group is thinking about its gaming strategy and noting that a partnership between crypto-asset company Ledger and Hublot has seen “high demand.” – Read More on the Block