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1. Activist Bluebell wants Richemont to focus on jewelry, watches: “We would like them to focus on what they are good at, which is hard luxury — jewelry and watches,” Bluebell partner Marco Taricco said in a telephone interview, a day after it emerged that the fund was seeking board changes at Richemont. – Read More on Reuters

2. From Gap to GameStop, there’s a retail executive exodus underway — and more departures are coming: “If your stock price has plummeted, if your market value is less than your revenue, you’re going to be a target for activists.” – Read More on CNBC

3. E-Commerce’s Red-Hot Cash-Burn Problem: Once-favorable online retail conditions are reversing as cash-squeezed consumers shift spending away from goods to services and others opt to return to in-person shopping. – Read More on the WSJ

4. US on track to miss Paris pledges after federal climate legislation stalls: With congressional climate and clean energy legislation at an impasse, the U.S. is falling farther behind its commitments under the Paris Agreement on climate change — a scenario that could have global implications, observers warned. – Read More on S&P Global

5. Armani revenues up 20% in H1 after 2021 recovery: Revenues “now constantly exceed the levels achieved in 2019, thus setting the stage for a substantial improvement in operating profitability — subject to certain potential risks.” – Read More on Reuters

6. The Higg Index, some bad press, and the potential of blockchain technology: Created by the Walmart- and Patagonia-sponsored Sustainable Apparel Coalition in 2012, Higg collects and quantifies data regarding textile manufacturing and supply chains from any apparel company willing to share, compiling the information in one place. – Read More on GreenBiz