Daily LInks
1. Lanvin Group to open stores, hunt buys after U.S. SPAC listing: Chinese luxury fashion conglomerate Lanvin Group, owner of the eponymous French fashion brand, said it is scouting for buys and will open new stores, after a New York SPAC listing on Thursday that raised $150 million and valued it at $1.31 billion. – Read More on Reuters
2. Chemists Are Figuring Out How to Recycle Our Clothes: Globally, only 13% of the material that goes into making clothing is recycled. Most textile waste—an estimated 92 million tons from the fashion industry alone—produced each year winds up buried or incinerated. – Read More on Scientific American
3. The Demise of E-Commerce is Greatly Exaggerated: “What we see now is the mix reverting to roughly where pre-Covid data would have suggested it should be at this point. Still growing steadily, but it wasn’t a meaningful 5-year leap ahead.” – Read More on Forbes
4. China’s retail, factory output slump as COVID curbs hit growth: China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months, hobbled by surging COVID-19 cases and widespread virus curbs. – Read More on Al Jazeera
5. H&M Sales Rise but Lag Behind Rival as Growth Slows: H&M said sales in the three months to Nov. 30 had increased 10% on-year, a slowdown that analysts said would disappoint investors. H&M’s shares fell around 4% in early trading Thursday. – Read More on the WSJ
