Daily LInks
1. Fragrance Industry Is a Luxury Standout as Demand Keeps Roaring: High-end perfumes and home scents show few signs of slowing as consumers stick with a habit that emerged in the pandemic. – Read More on Bloomberg
2. How Remo Ruffini is Future-Proofing Moncler: Although Ruffini says that the strategy has always been to appeal to all generations, he calls Genius the turning point for attracting young customers. They’re now responsible for 30% of the Moncler Group’s sales, which amounted to $916 million in the H1 2022, up 48% from the previous year. – Read More on the WSJ
3. Argentine e-commerce firm MercadoLibre files complaints against Apple for “anti-competitive practices.” In the complaint, the South American company criticized the tech giant for requiring developers who offer digital goods or services within apps to use Apple’s own payment system and stopping them from redirecting buyers to their websites. – Read More on the Economic Times
4. Lord & Taylor Continues Digital Comeback with Launch of Retail Media Network: Lord & Taylor’s new digital advertising platform joins a growing slate of retail media networks designed to aid product discovery for customers and offer additional monetization solutions for retailers. – Read More on Retail TouchPoints
5. Prada hires former Luxottica chief Andrea Guerra as new CEO: Current CEO Patrizio Bertelli, 76, will be appointed chairman of the luxury company at annual shareholder meeting next spring. He will replace Paolo Zannoni who will be recommended for the role of executive deputy chairman of the group and chairman of its parent company Prada Holding. – Read More on Yahoo
6. November brings megadeal resurgence with 5 $10B+ global M&A deals: There were five $10 billion-plus M&A deals worldwide in November, snapping a streak of five-straight months featuring two or fewer such deals. – Read More on S&P Global
