Daily LInks
1. Why fashion’s oversupply problem is an environmental disaster. As many as 40% of clothes made each year – 60bn garments – are not sold. Experts say tackling such obscene waste will require radical changes in production – and legislation. – Read More on the Guardian
2. Michael Burke named LVMH Fashion Group chairman and CEO. Burke – chairman and CEO Bernard Arnault’s longest-serving lieutenant – replaces long-time Fashion Group head Sidney Toledano, who was named advisor to Arnault and will exit the company’s executive committee. – Read More on Reuters
3. Survey: GenAI Is Making Companies More Data Oriented. Substantial majorities view generative AI as the most transformational technology in a generation, that investments in the technology are a top organizational priority, and that they are increasing investment in it. – Read More on HBR
4. Some Luxury Goods Had a Better Christmas Than Others. Rich Americans are still buying Swiss watches and other luxuries, but that isn’t enough for some companies. – Read More on the WSJ
5. WallStreetBets Trademark Fight Ends in Win for Reddit, With a Warning to Creators. Dismissing the suit, U.S. District Judge Maxine Chesney concluded that Reddit established use and ownership of the WallStreetBets trademark in 2012 when Rogozinksi created the subreddit. – Read More on THR
6. Cryptocurrency like Beanie Babies, says Coinbase in US regulator’s lawsuit. The Securities and Exchange Commission has alleged the crypto exchange is flouting rules and selling unregistered securities. – Read More on the Guardian
