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1. Europe’s Fashion Industry Has a Long Way to Go on Diversity: A report from the British Fashion Council shows women hold under half of senior posts even though they account for the lion’s share of the industry’s consumers. Leaders of ethnic minority backgrounds make up just 9% of top management positions at the 100 companies surveyed. – Read More on Bloomberg

2. Marketplace Platforms Do Not Guarantee Market Share Growth for the Luxury Sector: An owned DTC channel delivers far greater customer lifetime value and maintains margins, which in a constricting economy can be the single point of difference between profit and loss. – Read More on Forbes

3. Lawmakers eye work on Fashion Act during session recess: Lawmakers are taking the time while out of session to improve the Fashion Act after it didn’t advance out of committee this session. – Read More on Spectrum News

4. RELATED READ: As New York Lawmakers Unveil the Fashion Act, is Larger Reform on The Way? In order for such an industry-wide ESG reckoning to come into fruition (including by way of legislation, such as the Fashion Act), a number of foundational elements must be put into place first. – Read More on TFL

5. From Gap to Dollar General, Retail Chiefs Exit as Challenges Grow: Many U.S. retailers are opting for new leadership or moving ahead with pandemic-delayed succession plans as the industry adapts to challenges beyond the Covid-19 health crisis. – Read More on the WSJ