Daily LInks
1. Louis Vuitton Taps Pharrell Williams as Next Menswear Designer: Louis Vuitton has hired Pharrell Williams, the music producer and streetwear entrepreneur, to be its creative director of menswear, the company said Tuesday. Mr. Williams, 49, assumes the role previously held by Virgil Abloh, who died in November 2021. – Read More on the WSJ
2. AI song generators threaten ‘lasting harm’ to artists, warns Universal: Universal Music warned that AI-created music threatened “widespread and lasting harm” to artists and threatened a Napster-style crisis without robust copyright protections. – Read More on the Telegraph
3. Britain sets out legislation to regulate buy-now-pay-later credit: Britain on Tuesday will set out draft legislation to regulate “buy now pay later” credit, saying the sector posed potential harm to consumers without thorough affordability checks. – Read More on Reuters
4. The fashion industry’s reckoning with “forever chemicals.” The chemicals are popular in the fashion industry because they enable two attributes many people like their clothing to have: being water-repellent and stain-resistant. – Read More on Grid
5. Increased due diligence may tame consumer VC activity: Consumer-focused startups were historically valued primarily based on top line revenue growth, but investors are now significantly more focused on profitability which is putting pressure on certain business models. – Read More on Axios
6. Inflation, weak demand to weigh on US retail sales in 2023: Retail sales during the critical Nov. and Dec. holiday shopping season grew 5.3%, falling short of the NRF’s forecast of 6% to 8% growth. Recession fears rippling across the economy likely weighed on consumers who opted to pull back on spending. – Read More on S&P Global
