Daily LInks
1. Luxury Group In Sights of LVMH’s Arnault? There is speculation that LVMH’s Bernard Arnault may be eyeing Richemont, whose portfolio includes eight watch brands including Baume & Mercier, IWC Schaffhausen and Piaget, for potential acquisition. – Read More on France 24
2. Macy’s Praised For Ending Buyout Talks, Urges Focus on Growth. Macy’s received commendation for terminating buyout discussions with Arkhouse and Brigade after the retailer stated a revised acquisition proposal lacked certainty of financing and did not provide “compelling value;” the company said it will focus on a shift toward growth strategies instead. – Read More on Just Style
3. Armani And Dior Probed In Italy Following Worker Exploitation Claims. Italy’s competition authority is investigating whether Armani and Dior have misled consumers about their production processes, following reports that local companies in their supply chains pay workers too little and force them to work long hours. – Read More on CNN
4. Luxury Brands Feel The Sting As Chinese Growth Slows. A prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $200 billion off the sector’s value in recent months. – Read More on Reuters
5. Is This the Craziest Sneaker You Have Ever Seen? On Running debuts its innovative “Cloudboom Strike LS Spray-On” shoes, blending advanced technology with cutting-edge design. – Read More on The New York Times