Image: Zegna

1. Global luxury giants LVMH, Hermes eye expansion on China’s Hainan Island in blow to shopping hotspot Hong Kong: Hong Kong’s total volume of mainland consumers will certainly drop as luxury brands are likely to continue increasing investment in mainland, especially Hainan. – Read More on SCMP

2. The most eco-conscious generation? Despite touting sustainability concerns, Gen Z’s fashion fixation suggests otherwise: Shein alone earned almost $10 billion in 2020 — its eighth consecutive year of revenue growth over 100 percent. – Read More on The Week

3. In Allbirds, Wall Street begins to build the bull and bear case for an ESG-branded stock: As more money is flowing into ESG-focused investments, Wall Street analysts appear to be bullish on the stock, expecting further growth as more consumers make sustainability part of their purchase decisions. – Read More on CNBC

4. The Long and Winding Road for Green Startups: A company whose green claims are vetted and certified by a trusted organization can gain a competitive edge as consumers become increasingly concerned about the environmental impact of their purchases. – Read More on Bloomberg

5. RELATED READAs Chloé Becomes Luxury’s First B Corp, What Does the Increasingly Popular Certification Really Entail? “B Corp standards are not legally enforceable, and neither a company’s board nor the company, itself, is liable for damages if it fails to meet them.” – Read More on TFL

6. Ermenegildo Zegna Rebrands Ahead of IPO: Zegna is planning an IPO, a deal that is expected to give the fashion group a market capitalization of $2.5 billion. The men’s wear giant entered into an agreement with Investindustrial Acquisition Corp., a SPAC, sponsored by investment subsidiaries of Investindustrial VII LP. – Read More on Yahoo