Daily LInks
1. Vestiaire Collective launches crowdfunding, eyes IPO in 2025. Second-hand fashion marketplace Vestiaire Collective launched a crowdfunding campaign on Tuesday to raise at least one million euros from individual investors as the Kering-backed business aims to become profitable by year-end and potentially go public. – Read More on Reuters
2. £3,000 bracelets vs £400 sneakers: the diverging fortunes of the luxury market. Luxury’s biggest groups, such as Richemont, LVMH and Hermès, are expected to widen their lead on weaker competitors. – Read More on the FT
3. Shein’s marketplace is littered with gray-market products from top brands like Hoka. Visitors to Shein may assume that all name-brand goods are sold by authorized retailers. But, in the case of Hoka and Paul Smith, they are sold by third-party sellers that do not have a relationship with the brands or manufacturers themselves. – Read More on Modern Retail
4. RETRO READ: Unauthorized Sales of iPhone Cases at Center of New Decision, Amid Fashion’s Gray Market Fight. The court’s decision is certainly a striking one in light of fashion and luxury brands’ enduring efforts to crack down on the sale of goods outside of their networks of authorized sellers and in particular, in conditions that do not meet the ones that they and their authorized retailers observe. – Read More on TFL
5. Gucci, Prada deals on Fifth Ave. suggest a major pivot for a retail mogul. Gucci’s move this week to snap up a major retail berth on Fifth Avenue in Midtown for nearly $1 billion was the latest effort by a high-end fashion house to control its own storefront. – Read More on Crain’s
6. Italy tightens charity giving rules after influencer scandal. Italy’s cabinet is set to approve a bill demanding greater clarity from companies that link product sales to charity donations after top fashion influencer Chiara Ferragni came under fire for misleading posts about a Christmas cake. – Read More on Reuters
