Daily LInks
1. China’s luxury market is bouncing back. The projected 4-6% growth is higher than what forecasters are predicting for the U.S. and Europe, with most Chinese luxury spending taking place domestically as travel outside China remains more difficult than it was pre-pandemic. – Read More on Semafor
2. On the flipside … Luxury’s Rebound Is Proving Elusive as China Gloom Adds to Warnings. Luxury stock investors are bracing for more bad news after the likes of Burberry Group and Hugo Boss fell short of already reined-in expectations and economic data from China dents the chances of a near-term rebound. – Read More on Yahoo
3. Fashion Giant Faces New IPO Hitch: China’s Cybersecurity Police. China’s powerful internet regulator is conducting a cybersecurity review of Shein’s data handling and sharing practices as the fast-fashion company seeks Beijing’s blessing for its planned initial public offering. – Read More on the WSJ
4. Gucci is cheap and eggs are pricey in Russia’s surreal economy. Just before Christmas, a sales assistant was proudly showing customers the newest handbags from Gucci, Chanel and Louis Vuitton. They were bought in Europe and carried back to Russia in the luggage of a “personal shopper.” – Read More on the Economist
5. RETRO READ: Russia May Look to the Grey Market as Supply Runs Low Amid Sanctions, Boycotts. Companies’ trademark rights and their ability to control the distribution of their coveted offerings could be threatened in the midst of the escalating sanctions being levied upon Russia and boycotts from brands that have shuttered operations. – Read More on TFL
6. Gildan Activewear says former CEO failed to disclose ties with a shareholder. Canadian apparel maker Gildan Activewear on Tuesday alleged that its former chief Glenn Chamandy failed to disclose certain fund investments and had an undisclosed relationship with a shareholder. – Read More on Reuters
