Daily LInks
1. Kering’s Gucci Can Be Revived but It Won’t Go Viral. Investors are looking for the next turnaround story in luxury. Kering seems like a good fit. But with the company warning that investing in its brands will mean a decline in operating profit this year, that longed-for revival remains some way off. – Read More on Bloomberg
2. Trader Joe’s appeals dismissal of lawsuit claiming labor union violated trademark. The filing with the 9th Circuit U.S. Court of Appeals comes after a judge accused Trader Joe’s of trying to “weaponize the legal system to gain an advantage in an ongoing labor dispute” with the union. – Read More on CNBC
3. What to know about landmark AI regulations proposed in California. The bill requires mandatory testing for wide-reaching AI products before they reach users. Every major AI model, the bill adds, should be equipped with a means for shutting the technology down if something goes wrong. – Read More on ABC
4. How AI is ‘amplifying creativity’ in the fashion world. “these tools are allowing people from very different backgrounds to begin to have a foothold in the industry. And for me, that feels really new and exciting.” – Read More on the Guardian
5. Hermès looks to raise prices as wealthy shoppers continue splurging on Birkin and Kelly bags, driving sales up 21% last year. Hermès has also stuck to its classic designs and exclusive brand status within the luxury market, which has helped it create a niche of its own. – Read More on Fortune
6. Some Luxury Brands Have Priced Themselves Out of Reach. The average price of luxury goods sold online in the U.S. increased 64% between 2019 and 2024. This jump probably reflects a shrinking offer of entry-level goods as well as hefty price rises on existing products. – Read More on WSJ
