Image: Louis Vuitton

1. Turmoil Continues for the Artisans Behind Italian Fashion: “There was already an ongoing process, with suppliers seeking help from private investors to develop systems and sustainability in order to better serve the fashion and luxury industries.” – Read More on the New York Times

2. The real reason Louis Vuitton and Chanel are raising their prices? The idea that luxury brands increase prices on a regular basis goes far beyond keeping up with factors such as inflation. Rather, for many companies and industry analysts, it’s seen as a way to control brand image and ensure the perception of prestige remains – something that’s widely accepted as normal practice from luxury fashion houses. – Read More on SCMP

3. RETRO READ: What Do Luxury Brands’ Inflating Prices Mean for Them & for the Industry at Large? In terms of the potential for price increases going forward, brands like Hermès, Dior and even Cartier lead the pack in terms of an “unrealized pricing upside,” which Bernstein measures by combining high consumer demand, vibrant organic growth, and limited price increases in the recent past. – Read More on TFL

4. Less is More: Redefining the Luxury Goods Market. “People buy luxury brands not because they just care about raw materials, craftsmanship, and high quality, but because they want to communicate something about themselves.” – Read More on Wharton

5. Sustainable fashion is nothing but corporate greenwashing: For all their assertions about sourcing materials sustainably, recycling and upcycling, these fast fashion and premium fashion brands have little to show, in part because their solutions are far from being viable and scalable. – Read More on Yahoo

6. RELATED READ: Fashion’s Buzzy Tech Initiatives, Alone, Won’t Solve its Sustainability Issues. The industry needs to acknowledge the fact that sustainability will never be achieved through technology, alone, no matter how enticing these endeavors may be. A small recycled capsule collection from a fast fashion titan, here or certified circular series of items from a multi-billion dollar company, there, is mathematically immaterial. – Read More on TFL