Daily LInks
1. Prada’s new chief tasked with making generational shift smoother: The group is taking decisive steps towards implementing the complex succession that will eventually lead to Lorenzo Bertelli taking over from his parents, Patrizio Bertelli and Miuccia Prada, who have led the 110-year-old retailer since the late 1970s. – Read More on the FT
2. Private equity persuades Italian luxury suppliers that bigger is better: With its tradition of sophisticated craftsmanship, Italy is home to thousands of small manufacturers that cover 50-55% of the global production of luxury clothing and leather goods, Bain calculates, against 20-25% for the rest of Europe. – Read More on Reuters
3. Alibaba Seeks to Boost Sales Abroad With Buy Now, Pay Later: The payments tie-up comes at a time when Chinese e-commerce companies are looking more abroad to bolster sluggish sales growth at home. – Read More on the WSJ
4. ‘Zillennials’ With Steady Income, Few Bills Are Prime Retail Opportunity: Sandwiched between “millennials” and “Generation Zs,” this micro-demographic born between 1990 and 2000 makes up roughly 30 million consumers of true digital natives who have never known a world without the internet and mobile phone. – Read More on PYMNTS
5. Do Crypto Prices Actually Mean Anything? A regulatory framework that is purpose-built for the technology would not change the underlying incentives for reckless and fraudulent. For the crypto industry to have a positive impact on society, we need to first overhaul how it measures progress — and success. – Read More on HBR
