Daily LInks
1. LVMH names new Louis Vuitton CEO, puts Arnault daughter in charge of Dior: LVMH Chairman and CEO Bernard Arnault has reshuffled top management with the appointment of his daughter Delphine to lead Christian Dior. Pietro Beccari, who has been the head of Dior since 2018, is moving to replace long-time Louis Vuitton CEO Michael Burke. – Read More on Reuters
2. The fall of fast fashion: In the UK the, Asos was 2022’s worst-performing stock, with shares falling 78 percent. Nor is Asos alone: Boohoo, which owns the brands Nasty Gal and PrettyLittleThing.com, fell 70 per cent in 2022. – Read More on the New Statesman
3. Where Is Tech Going in 2023? Game-changing technologies, such as 5G, AI, and cloud, are hitting tipping points for mass adoption. – Read More on HBR
4. Has Vuitton Found Virgil Abloh’s Successor in KidSuper? While it is true that men’s wear accounts for just a portion of profits at Vuitton, its halo effect on the brand’s image, which began when Mr. Abloh was appointed in 2018, cannot be overstated. – Read More on the New York Times
5. Rich consumers seem unfazed by market turmoil: “Part of [luxury’s resilience] is because luxury can play different roles in a consumer’s life. Some of it is aspirational, and some of it is rewarding yourself. During the pandemic, some of it was self-care. It’s really hard to move off of luxury once you’ve gotten used to it.” – Read More on Fortune
6. ASOS Looks a Lot Better Off Without Topshop: ASOS, which for many years generated the sort of sales growth that high street stores could only dream of, faces a potential shareholder rebellion at its annual meeting on Wednesday. A day later, it will report first-quarter sales. – Read More on Bloomberg
