Image: D&G

1. Spain Tax Fraud Crackdown Will Target E-Commerce, Wealthy: “In light of the increase in value of e-commerce, the tax authority will exercise exhaustive controls to ensure the correct taxation of these businesses, thereby avoiding either tax fraud or unfair competition.” – Read More on Bloomberg

2. Top 10 Retail Brands to Watch in 2022: Allbirds will likely be able to raise its average selling price and margin rates even further, as Nike, Adidas, and other larger brands drive an industry trend towards higher-quality revenue – which should allow Allbirds to scale into an incredibly favorable industry backdrop. – Read More on Placer

3. A Chinese Competitor Tried to Trigger a Backlash Against Chanel. It Backfired: Mr. Sun framed the French take on the red camellia as an affront to Chinese national pride, in hope of enlisting consumers in his tussle with the foreign brand. Instead, he triggered a backlash against himself and his company. – Read More on the WSJ

4. Dolce & Gabbana to drop animal fur starting in 2022: The Milan fashion house joins other luxury brands, including Armani, Gucci, Prada and Moncler, in adhering to guidelines set by the Fur Free Alliance, a network of animal rights groups around the world. – Read More on CNBC

5. RETRO READ: Fashion or Faux Pas: Why Swearing Off Fur is Good for Business. Brands’ moves to abandon fur are not likely impacting their bottom lines in any significant way, as while fur may appear on the runway and on some e-commerce shelves, most of these brands’ stock was never heavily dependent on fur in the first place. – Read More on TFL