Daily LInks
1. Prada defies luxury slowdown with surging Miu Miu and Japan sales. Sales at Miu Miu, the group’s brand that targets a younger generation of consumers, continued a strong run, rising 93% year on year. Those at the group’s main Prada brand grew 6% over the same period. – Read More on the FT
2. Republican lawmakers demand info from more than 130 companies about ESG initiative. House GOP lawmakers on the Judiciary Committee demanded information Tuesday from more than 130 companies about their involvement with an investor-led climate action initiative. – Read More on the Washington Times
3. Luxury Brands Need to Win Back Middle-Class Shoppers. More than half of global luxury purchases are made by 330 million-or-so people who spend less than €2,000 a year on expensive handbags, clothing and jewelry. – Read More on the Wall Street Journal
4. Amazon set to join Big Tech’s spending surge as AI race heats up. The e-commerce giant’s capital investments, mostly for building cloud and generative AI infrastructure, is expected to have risen 43% in the second quarter to $16.41B – a roughly $1.5B increase from the previous three months. – Read More on Reuters
5. How Some Companies Manipulated the H-1B Visa Lottery. The visas for highly-skilled talent are granted via a lottery, but new data has revealed how certain companies have manipulated the system, gaining an advantage over people who play it fair. In other words, the game was rigged. – Read More on Bloomberg
