Daily LInks
1. Chanel, Hermès, Prada to hike prices in the new year. French high fashion brand Hermès kicked off the new year by raising its prices in Korea, with many other luxury brands expected to follow suit. Hermès upped the prices of some of its shoes on Monday. – Read More on Korea JoongAng
2. ‘Polluter pays’ doctrine will take on new meaning. Extended producer responsibility is at the center of discussions around a UN treaty to end plastic pollution, to be finalized in 2024. To be effective, this doctrine has to impose sufficiently high financial contributions to deter overproduction. – Read More on Reuters
3. Behind Cheap Stuff From Shein and Temu: A Hard Bargain With Suppliers. Some suppliers said they were grappling with razor-thin profit margins and intense pressure to cut prices. – Read More on the WSJ
4. Amazon crackdown on sellers spawns new legal industry. Merchants who have been suspended from selling goods on Amazon’s marketplace are turning to a cottage industry of lawyers to regain access to their accounts. – Read More on the FT
5. A New Kind of AI Copy Can Fully Replicate Famous People. The Law Is Powerless. New AI-generated digital replicas of real experts expose an unnerving policy gray zone. Washington wants to fix it, but it’s not clear how. – Read More on Politico
6. After a slowdown, luxury brands are changing course. Some experts predict that luxury will slow down while fast fashion continues to rise, especially as companies like Shein increasingly attract young shoppers ahead of its reported IPO. Now, brands will need to readjust their strategies to reflect the current economic realities. – Read More on Modern Retail
