1. Bernard Arnault Takes on Elon Musk With SPAC Deal to Take Lotus Public: Lotus Technology, the electric-car maker owned by China’s Zhejiang Geely Holding Group Co., said Tuesday its agreed to merge with L Catterton Asia Acquisition Corp. in a transaction that values the combined entity at about $5.4 billion. – Read More on Bloomberg

2. Plenty of Demand for Brick-and-Mortar Luxury Retail: No longer mostly consolidated in New York and Los Angeles, areas such as Phoenix, Austin, and Nashville are gaining in popularity, according to recent foot traffic data from blogger Bracha Arnold. – Read More on Globe Street

3. Men dominated 2021 ranks of highest-paid CEOs in S&P 500: But execs. from Ross Stores, Coach-owner Tapestry, etc. among the top on female-specific list. – Read More on S&P Global

4. Europe’s luxury stocks have room to rise, but becoming costly: An index of European luxury goods retailers has rallied around 18% so far this year, outperforming the wider pan-European STOXX 600, which is up 6.2% in the same time frame. – Read More on Reuters

5. Rent the Runway Announces Corporate Debt Restructuring: The company says the transaction enhances its ability to pursue its growth goals by extending maturity to October 2026 and reducing cash interest payments significantly. – Read More in Press Release

6. German retail sales post surprise plunge in December amid rising prices: Retail sales decreased by 5.3% in December compared with the previous month, the federal statistics office said on Tuesday. Analysts polled by Reuters had forecast a 0.2% rise in price-adjusted terms. – Read More on Reuters