Daily LInks
1. Shein investors selling stock at 30% discount. Shein’s investors are trying to sell shares in the private market at prices that value the Chinese online retailer as low as $45 billion, or a discount of around 30% to its valuation about a month back. – Read More on Reuters
2. Fashion resale gives brands sustainability and revenue boost. Consumers win, too. For brands that make high-quality, long-lasting apparel and other goods, in-house resale programs give them an opportunity to sell items twice, or even multiple times, while also keeping garments in circulation longer. – Read More on CBS
3. Post-Pandemic Sales Growth Slows at Luxury Giant LVMH. The growth in sales, while solid, is slower than recent years when LVMH benefited from a post-pandemic binge on Champagne, handbags and luxury jewelry—a trend luxury consumers called “revenge shopping.” – Read More on WSJ
4. FTC opens inquiry into Big Tech AI investments. The FTC said in a statement that it “will scrutinize corporate partnerships and investments with AI providers to build a better internal understanding of these relationships and their impact on the competitive landscape.” – Read More on Axios
5. X can’t stop spread of explicit, fake AI Taylor Swift images. Explicit, fake AI-generated images sexualizing Taylor Swift began circulating online this week, quickly sparking mass outrage that may finally force a mainstream reckoning with harms caused by spreading non-consensual deepfake porn. – Read More on ArsTechnica
6. China’s luxury goods market posts ‘robust rebound’, but post-Covid uncertainties remain. “As the market transitions to a post-Covid growth phase, uncertainties remain regarding the speed at which consumer confidence will resume and how overseas luxury shopping will evolve.” – Read More on SCMP
