Daily LInks
1. Chanel Changes the Guard Amid Weaker Luxury Demand. The company’s former Japanese head has joined the US and UK bosses in departing Chanel Ltd. — known for its No. 5 perfume, tweed jackets and mini-skirts — two years into Leena Nair’s reign as chief executive officer. – Read More on Bloomberg
2. LVMH is fed up with fake goods being sold on TikTok—so it is in talks to join forces with the video platform to stop it. The goal of working with LVMH would be to create an “elevated shopping experience,” Toto Haba, a senior executive at LVMH-owned Benefit Cosmetics, which has a presence on TikTok Shop, said. – Read More on Fortune
3. Studios’ Now-or-Never Choice: Sue AI Companies or Score a Major IP Deal. As AI generators like Midjourney are increasingly able to replicate movies frame by frame, it won’t be long until they can re-create the ‘Avengers: Endgame’ with an alternate finale. Will Hollywood just let that happen? – Read More on THR
4. AI Has a Trust Problem. Can Blockchain Help? Business uses of blockchain, like supply-chain tracking, have floundered. But some say the technology could find relevance as a tool to vet AI algorithms. – Read More on WSJ
5. Companies Should Avoid ESG/Sustainability Reports Until SEC Rule Release. With the global rise of greenwashing penalties and civil litigation, companies need to question if sustainability reports, and the broader environmental, social, and governance reports are currently worth the legal risk. – Read More on Forbes
6. Fashion retailer Boohoo put ‘Made in UK’ label on clothes made in Asia. A Panorama investigation found the company removed the original labels on T-shirts and hoodies at the retailer’s controversial factory at Thurmaston Lane in Leicester between January and October last year. – Read More on the Independent
