Daily LInks
1. Swiss watchmakers counting the clock until Chinese tourists return: Nearly three-quarters of their spending was done abroad, representing a windfall for Europe’s luxury boutiques. However, Chinese luxury consumers have become more accustomed to buying domestically during the pandemic. – Read More on Yahoo
2. Getting a Clearer View of Your Company’s Carbon Footprint: E-liability accounting is a new technique that will help customers factor in a product’s environmental footprint into their purchasing decisions and will help create a competition dynamic that leads to reduced carbon outputs. – Read More on HBR
3. Paparazzi Photos Were the Scourge of Celebrities. Now, It’s AI: Images are often posted on social media with little to no context and may be taken at face value. As AI image generation improves, the usual telltale signs of fake images, such as hands with too many fingers or odd-looking eyeballs, will start to disappear. – Read More on the WSJ
4. Resale Is Having Its Moment, but Will Rent the Runway? During a recent investor presentation, Rent the Runway expressed its belief that it has only begun to tap into the market potential, as 56% of women surveyed stated their intention to subscribe to fashion services within the next 5 years. – Read More on PYMNTS
5. Luxury Watchmakers Woo Generation Z With Snapchat & Bitcoin: Companies flagship watches “resonate particularly well” with a generation quick to post pictures of their purchases on Instagram. They want “instantly recognizable products,” especially for watches given that they “rely much less on logos and monograms” than their fashion counterparts. – Read More on Barron’s
6. Revlon cleared to exit bankruptcy with $2.7B debt reduction deal: U.S. Bankruptcy Judge David Jones in Manhattan, who has been overseeing the company’s Chapter 11 bankruptcy, said Revlon had reached “a hard-fought multi-faceted settlement” that resolves a “series of enterprise-threatening” risks to the business, including “debilitating” litigation among its lenders. – Read More on Reuters