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1. The Future is Metaverse: Gartner predicts that about 25% of people by 2026 will spend at least one hour on the Metaverse doing everyday things ranging from shopping, socializing to education and work. – Read More on Digital Info World

2. The Global Glut of Clothing Is an Environmental Crisis: The U.S. throws away up to 11.3 million tons of textile waste each year—around 2,150 pieces of clothing each second. “The single biggest concern in the fashion industry is that there is too much clothing.” – Read More on Bloomberg

3. Fashion set heads to Milan for live shows — for real this time: Carlo Capasa, chairman of Italy’s national fashion chamber, acknowledged the “uncertainty” that still weighed over the sector. But the 58 physical shows and nine digital offerings for Fall/Winter 2022/2023 are “a strong sign of optimism and positivity, which infuses new momentum into the industry.” – Read More on France 24

4. Why an LVMH Acquisition of Ralph Lauren Is a Good Idea: LVMH has also demonstrated the unique skill of maintaining the luxury level of its owned brands without cheapening their market position to generate short-term gains. The practical implication is that Ralph Lauren’s earnings, when added to LVMH’s, will make the LVMH stock price go up immediately. – Read More on Forbes

5. Meta’s Zuckerberg unveils AI projects aimed at building metaverse future: Zuckerberg is betting that the metaverse, a futuristic idea of virtual environments where users can work, socialize and play, will be the successor to the mobile internet. – Read More on Reuters