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Image: Farfetch
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1. China’s “unstoppable” global luxury-market share nearly doubles amid pandemic: The global luxury market shrank by 23 percent in 2020, noted the report, titled “China’s Unstoppable 2020 Luxury Market.” However, China’s market share nearly doubled, growing from about 11 percent last year to 20 percent in 2020. – Read More on Market Watch

2. Luxury Brands Will Go Shopping Again: Next year, there might be chances to pick up independent names. After this year’s massive shift toward digital shopping, underperforming listed brands like Tod’s, or those still in founders’ hands such as shoemaker Christian Louboutin, are more likely to ask whether their stand-alone days are numbered. – Read More on the WSJ

3. RELATED READ: Farfetch’s $1.1 Billion Deal with Richemont, Alibaba Exemplifies Some Existing Trends in Luxury. The deal is one of the latest in a line of luxury-level partnerships and potential consolidations, which have seen the industry’s conglomerates amass sizable rosters of brands over the past several decades, thereby, enabling them to benefit from sheer size and scale, while making it more difficult for independently-owned brands to compete. – Read More on TFL

4. Is Amazon About to Disrupt the Fashion Industry? Amazon wants to develop a system that allows it to offer custom-made clothing at the same price as fast fashion. If it can create such a system, knowing Amazon, it will offer it as a platform to brands, which would make the company the hub around which move the big names would revolve. – Read More on Forbes

5. For the Retail Industry, 2020 Was a Wild Ride: Traditional or overleveraged retailers struggled to navigate through the uncertainties. More than 27 retailers declared bankruptcy in the first nine months of the year, from Lord & Taylor and the haplessly positioned J.C. Penney to the inappropriately capitalized luxury retailer Neiman Marcus Group and J.Crew Group. – Read More on the WSJ

6. Lockdown comfort-dressing brings velour tracksuits and Uggs back into fashion: “Every nostalgic revival becomes a sanitized version of the past: safe, comfortable and stable. The millennial nostalgic passion of the 1990s and 2000s allows them to return to a time when they felt safe and comfortable, as a child and teenagers, free from adult worries.” – Read More on the Guardian