Daily LInks
1. Sorry, Louis Vuitton, Cartier Is the New Bling Kingmaker: Johann Rupert, chairman of Swiss group Cie Financiere Richemont SA, holds the cards to consolidating the world of high-end fashion, watches and jewelry — and the industry is watching to see what hand he’ll play. – Read More on Bloomberg
2. RELATED READ: Richemont Turned Down Kering Merger Proposal in January, Per Report. “Rumors about a possible tie-up between Richemont and Kering have been circulating for years, but have gathered steam in recent months after LVMH’s takeover of U.S. jeweler Tiffany put pressure on rivals to scale up.” – Read More on TFL
3. It’s not enough for celebrities to put their names to beauty brands – the power is in the product, too: Welcome to the era of celebrity beauty brands. From make-up to skin, hair and body care, more and more celebrities are launching their own beauty brands – and it doesn’t look like the trend is going to end any time soon, although it’s not entirely new either. – Read More on SCMP
4. Coronavirus-era bankruptcy surge heavily favors reorganizing over liquidation: Nearly 62% of U.S. corporate bankruptcy filings in 2020 sought reorganizations, the highest rate for any year going back to at least 2010, according to S&P Global Market Intelligence data. Companies were less likely to liquidate in 2020, a departure from 2019 and 2018 when corporate liquidations outpaced reorganizations in bankruptcy filings. – Read More on SCMP
5. Fashion retailers bet bras with wires and a splash of color will sell this spring: After a year of nesting in pastel-colored loungewear, shoppers are opting for styles with floral prints, feel-good slogans and statement jewelry to jazz up working-from-home outfits as optimism makes a comeback in spring collections. – Read More on Reuters
6. Solving fashion’s biggest issues: Overproduction and overconsumption: Reducing consumption and production is the only way fashion brands can make good on sustainability comments, say experts. Alternative business models can help. – Read More on Vogue Biz
