Daily LInks
1. Secondhand luxuries hit shelves in communities: Despite the impact of COVID-19, China’s luxury market has been flourishing and is showing on new trends in recent years, especially secondhand luxury trading, supported by relatively lower prices and a large consumer base. – Read More on China Daily
2. London Is Losing Its Crown as a Luxury Shopping Destination: The U.K. government scrapped tax-free shopping for overseas visitors at the end of 2020. London is now the only major European shopping destination where tourists can’t get back the 20% value-added tax they pay on luxury purchases. – Read More on the WSJ
3. The billion-dollar question: what will Adidas do with all those Yeezys? The value of Yeezys is tied up in the branding rather than the raw materials. If they are simply used for other projects, it may be hard to recoup the majority of the investment. – Read More on the Guardian
4. RELATED READ: As Adidas Severs Yeezy Deal with Kanye West, What Happens Next? The undeniable link between the adidas-designed Yeezy sneakers and West, himself, poses relevant issues about the extent to which consumers associate the design of the Yeezy products – even without the Yeezy name on them – with adidas as opposed to with West. – Read More on TFL
5. Luxury’s ‘relentless bid’ shows no signs of stopping: “During difficult years, whether that’s for macroeconomic or geopolitical reasons, the LVMH group takes market share and progresses, which has been the case since 2019.” – Read More on Yahoo
6. RETRO READ (in light of Gucci-owner Kering’s woes, chatter about a merger with Cartier-owner Richemont is ratcheting up): Sorry, Louis Vuitton, Cartier Is the New Bling Kingmaker. Richemont chairman Johann Rupert holds the cards to consolidating the world of high-end fashion, watches & jewelry — and the industry is watching to see what hand he’ll play. – Read More on Bloomberg
