;
Image: Louis Vuitton
Share

1. This Luxury-Goods Stock Has Thrived. The Gains Can Continue: This year, Jeffrey Bezos was briefly knocked from his perch as the world’s richest man by French billionaire Bernard Arnault, chairman and CEO of LVMH Moët Hennessy Louis Vuitton, the world’s largest maker and seller of luxury goods. – Read More on Barron’s

2. Made-to-Order Fashion Emerges as Viable Option: Made-to-order fashion also carries some level of luxury in a world where most clothing is mass-produced and copycats rule the day, meaning everyone likes to wear the same trendy item until they move on to the next one. – Read More on PYMNTS

3. The SEC Wants to Cut SPACs Down to Size: The SEC’s chair, Gary Gensler, has made clear for months that he is worried about the risks faced by investors in special purpose acquisition companies, which over the past two years have become a hugely popular way to take businesses public. – Read More on the NY Times

4. RELATED READ: As Retail-Focused SPACS Gain Steam, How Can Blank Check Firms, Target Companies Mitigate Liability? The new blank check firms “join the long list of companies riding the SPAC frenzy,” as SPACs – i.e., shell companies seeking to merge with private companies with the intention of taking them public – have boomed over the last year,” with a total of 248 SPACs raising $83.3 billion in 2020. In the first three months of 2021, alone, “246 SPACs [have] raised $76.7 billion, comprising 75 percent of IPOs.” – Read More on TFL

5. Takedown notices are threatening online thrift shops — just as business is exploding: By racking up takedown notices that are hard for small shops to fight, Liebesman says companies could be “trying to create a climate to encourage Congress to ‘do something’ about this huge problem that they are manufacturing.” – Read More on the Verge