Daily LInks
1. Luxury investors look to LVMH to brighten coronavirus gloom: Thanks to its financial strength and a diversified portfolio that includes champagne and spirits as well as perfume and beauty chain Sephora, LVMH is generally expected to weather the COVID-19 crisis better than most rivals. Analysts say one thing to watch as an indicator of confidence is the trend in advertising spending and high-profile events, which most luxury groups cut back as the crisis hit. – Read More on Reuters
2. RETRO READ: “Brands Can Do Better With a Conglomerate” Behind Them: A Look at the Consolidation of the Luxury Industry. The upper-most echelon of the fashion industry is firmly dominated by an increasingly small handful of mighty entities that have amassed collections of brands, which they have turned into house-hold names by way of eye-poppingly expensive traditional marketing efforts (complete with strong luxury-centric messaging) and the help of no small number of globally-recognized celebrities. – Read More on TFL
3. The Row in Choppy Waters: Olsens’ Brand Sees Financial Hardships, Sources Say. The Row has shed up to half its staff, according to sources, and is weathering financial difficulties that could see it reduce general operations, including the scaling back or closure of its short-lived men’s wear line. – Read More on WWD
4. “I am not your moodboard.” Graduate fashion designer accuses Balenciaga of appropriation: She claims that a Balenciaga recruiter who had seen her work exhibited at Berlin University of the Arts, twice requested to see her portfolio. A screenshot of an alleged email exchange from last October appears to show one of the brand’s employees asking for Nguyen’s portfolio on the premise that the label was looking for interns. – Read More on CNN
5. Inside the hardball legal tactics retail landlords are using against tenants: Guess and Free People’s landlords legal strategies both hinge on the so-called “accelerated rent clause,” a provision that lawyers say is common in commercial leases, but is often difficult for landlords to enforce and collect on. – Read More on the Real Deal
