1. Sustainable Raw Materials Will Drive Profitability for Fashion and Apparel Brands. Brands that act now to secure a preferred-raw-materials supply for the future can, on average, see a 6% profit uplift after five years. – Read More on BCG
2. Return of rich tourists and weak yen helps Japan escape luxury downturn. For LVMH, the world’s largest luxury group and owner of Louis Vuitton, Japan is the fastest-growing region across its 75 brands, reporting sales growth of 31% in the country in the first nine months of the year. – Read More on FT
3. Disputed landmark AI rules face crunch EU talks. If agreed, the EU’s first-of-a-kind AI Act, which was proposed by the European Commission two years ago, could serve as the benchmark for countries seeking an alternative to the United States’ light-touch approach and China’s interim rules. – Read More on Reuters
4. RELATED READ: Global AI Regulations: What to Expect From the U.S., Europe & China. The U.S. and China are vying for a foothold in the regulatory arena. President Biden, for instance, issued an executive order requiring AI manufacturers to provide the federal government with an assessment of their applications’ vulnerability to cyber-attacks, the data used to train and test the AI and its’ performance measurements. – Read More on TFL
5. Amazon Targets Shein With Fee Cuts for Cheap Apparel Sellers. Amazon.com Inc. is sharply cutting fees for merchants selling clothing priced below $20, a sign it’s hunkering down for a price war with Chinese fast-fashion upstart Shein. – Read More on Bloomberg
6. New lawsuit against university alleges NIL inequities under Title IX. The lawsuit could provide the first ruling on whether NIL activities — including funding from collectives — are subject to the federal statute requiring gender equity in college sports. It’s one of the biggest unanswered questions in the NIL era. – Read More on MarketWatch