Daily LInks
1. China’s Demand for Luxury Goods Gets Own Cargo Route: Cainiao’s move to bring more handbags and watches into China as shoppers clear out high-end boutiques comes as companies rush to pivot their strategies to take advantage of the more than $110 billion of luxury spending trapped on the mainland. – Read More on Bloomberg
2. Britain’s Boohoo may link executive bonuses to improved worker rights: British online fashion retailer Boohoo is considering linking bosses’ multi-million pound bonuses to Environmental Social and Governance (ESG) improvements, including workers’ rights, it said this weekend. – Read More on Reuters
3. RETRO READ: As Fast Fashion Gets Faster and Cheaper, the Giants Behind it Are Facing Scrutiny. The consumer outrage and the financial consequences that have followed from the reports of abuse within Boohoo’s supply chain have been swift and significant. Yet, the allegations, themselves, are hardly unheard of when it comes to this specific – and relatively new – breed of fast fashion companies. – Read More on TFL
4. Kardashian SKKN Launch, Covergirl Revamp Mark New Coty Strategy: The moves mark the latest efforts to rejuvenate a company that had been trying to turn things around even before the rise of mask-wearing last year hurt demand for makeup. After acknowledging in 2019 that some of its brands had become stagnant, Coty has invested in businesses from members of the Kardashian family and revamped its own leadership team. – Read More on Bloomberg
5. 3-D Printing Stocks Are Still Running on Hype: The buzz around the 2013 3-D printing craze turned out to be a stock-market bust. While the design potential of the technology is certainly alluring, it remains to be seen whether the industry’s products are ready to go from prototyping objects to mass production. – Read More on the WSJ
6. The rise and fall of Victoria’s Secret, America’s biggest lingerie retailer: It achieved explosive success in the late 1990s and 2000s but has struggled in more recent years and been accused of losing relevance. – Read More on BI
