Daily LInks
1. Why the Coach and Kors Marriage Doesn’t Scare LVMH. The combined company would still be dwarfed by European rivals and lack the high-wattage labels and diversity that have fueled LVMH’s success. The European conglomerates also benefit from deep management benches and equally deep pockets that they use to nurture and expand their brands. – Read More on the WSJ
2. Amazon Investors Sue Jeff Bezos Over ‘Massive’ Losses, Expansion. Amazon.com Inc. investors sued Jeff Bezos and other senior company leaders, claiming they exposed the e-commerce giant to a “massive financial hit” through antitrust violations and breakneck expansion that had to be scaled back. – Read More on Bloomberg
3. Record Labels Hit Internet Archive With New $400m+ Copyright Lawsuit. Record labels including UMG, Capitol and Sony have filed a copyright infringement lawsuit in the United States targeting Internet Archive and founder Brewster Kale, among others. – Read More on Torrent Freak
4. Retailers are shaping a wave of laws to crack down on organized theft. Retailers are threatening to shut down stores and raise prices if organized retail theft isn’t addressed. Nine states have passed new laws cracking down on organized retail theft and Congress is considering federal action. – Read More on CNBC
5. Amazon is dropping dozens of in-house brands you didn’t even know it owned. The retail giant plans on cutting 27 of its 30 private-label clothing brands as it looks to cut costs and stave off antitrust scrutiny. – Read More on the Verge
6. US inflation cooling as consumer prices rise moderately again. Annual consumer prices have come down from a peak of 9.1% in June 2022. The CPI increased at a 1.9% annualized rate over the last three months, the slowest pace since June 2020, from 2.7% in June. – Read More on Reuters