Daily LInks
1. Brothers Behind Chanel Worth $90 Billion After Massive Windfall: The family behind Chanel pocketed a $5 billion windfall last year as surging global demand for its luxury products lifted one of the world’s biggest multigenerational fortunes to new heights. – Read More on Bloomberg
2. Fast fashion is in party mode: Zara-owner Inditex’s quarterly sales rose by 36% year on year, to $7.2bn, surpassing levels before the pandemic. Net profit jumped by 80% year on year. – Read More on the Economist
3. How China’s top luxury retailer fell after glory days of $140 million Nasdaq IPO: Analysts say a change of heart on e-commerce channels by global luxury brands, more competition, and the pandemic have all been challenges for Secoo. – Read More on SCMP
4. What Would Happen if Fashion Actually Slowed Down? Etro’s new creative director Marco de Vincenzo sees a new form of luxury taking shape, with unique or small-run pieces made from the inherently limited supplies of repurposed materials. – Read More on the New York Times
5. Amazon will let you try on digital versions of shoes you want to buy: Amazon said the tool – which enables consumers to virtually try one shoes from brands like New Balance, Adidas, Reebok and Puma – would make the online shopping experience easier and more interactive for shoppers. – Read More on CNBC
