Daily LInks
1. Coaxing Sustainable Fashion Investors This Side of the Atlantic. With so many points along the fashion supply chain and product lifecycle in need of improvement from an ESG standpoint, new businesses are emerging. For investors, an opportunity is on the horizon, as fashion brands and innovators drive progress and profits. – Read More on Middle Market Growth
2. How Hermès became the ultimate status symbol. Hermès “had been very prudent increasing prices” from 2020 to 2022. Between that and the company’s attention to craftsmanship, the wealthy don’t feel like they are being taken advantage of when inflation does cause price increases. – Read More on BI
3. RELATED READ: Breaking Down the Building of an “It” Bag. We take a dive into some of the claims that Hermès made about its $10,000-plus Birkin bag (particularly from a trademark/branding perspective), which essentially provides an overview of how an “iconic” handbag comes to be. – Read More on TFL
4. Moncler’s main shareholder will hold 16% after reshuffle. Moncler’s CEO and main shareholder will be left with roughly 16% of the luxury group once the Rivetti family exits the holding company in a move making the company more accessible for potential bidders, analysts said. – Read More on Reuters
5. Conversational AI revolutionizes the customer experience landscape. Creating the most optimized customer experiences takes walking the fine line between the automation that enables convenience and the human touch that builds relationships. – Read More on MIT Tech Review
6. External Data & AI Are Making Each Other More Valuable. Firms are invested in using external data sources often referred to as “alternative data,” or info sourced from outside a company’s internal systems, including social media chatter, news feeds, government reports, industry databases, anonymized credit card transactions, and satellite imagery. – Read More on HBR
