Daily LInks
1. Gucci Owner Kering Expects Sharp Drop in Operating Profit After China Weighs on Sales. Kering expects sharply lower operating profit in the first half after sales slumped in the first three months as the company grapples with sluggish demand, particularly in China. – Read More on the WSJ
2. Kering could pursue “incremental M&A,” says CFO. French luxury group Kering has a healthy balance sheet that would allow for “incremental” mergers and acquisitions, Chief Financial Officer Armelle Poulou told analysts on Tuesday. – Read More on Reuters
3. Is Generative AI built on theft? The companies behind this wonder of tech are facing allegations of using copyrighted material to build their large language models. But will the courts consider it fair use? – Hear More on the Economist
4. RELATED READ: OpenAI Argues Fair Use in Bid to Trim Authors’ Copyright Lawsuits. Shedding light on how it views its use of others’ works, OpenAI cites the 2021 decision in Google v. Oracle. – Read More on TFL
5. Four innovations helping the fashion industry embrace the circular economy. Global pre-owned clothing sales reached $211 billion in 2023, a 19% increase on the previous year, with a report by GlobalData for secondhand clothing resale site ThredUp predicting the market could reach $350bn by 2027. – Read More on WEForum
6. The Rise and Fall of ESG. Interest in ESG peaked in 2023 and its sharp decline seemed to have begun. A recent Wall Street Journal news story was entitled, “The Latest Dirty Word in Corporate America: ESG.” – Read More on Forbes
