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Image: Louis Vuitton
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1. Louis Vuitton Owner Embraces Google’s AI to Boost Sales: The Alphabet Inc. unit will work with luxury-goods powerhouse LVMH’s individual brands to enhance demand forecasting and inventory management and help better recommend targeted products to clients, top executives at both companies said in an interview. The companies declined to unveil the terms of the deal. – Read More on Bloomberg

2. Adidas CEO Kasper Rorsted says consumers will force fashion industry to be more sustainable: The scrutiny will force the fashion industry, which produces 8% to 10% of global carbon emissions, to become environmentally friendly, Rorsted said. “This is only the beginning, but the impact plastic has on our global environment is so negative.” – Read More on CNBC

3. Bangladesh garment industry could save $500 million a year by recycling cotton: In 2019, the South Asian nation imported about 1.6 million tons of cotton, at a cost of $3.5 billion, while producing 250,000 tons of cotton waste that could have been recycled, said new analysis from the Circular Fashion Partnership. – Read More on Reuters

4. Covid-19 Rent Breaks for Retailers Are Becoming the New Norm: More shopping-center owners are signing new leases where rent is tied directly to a portion of sales, at least for a period. These percentage-rent leases are especially attractive to newer retailers, offering some flexibility so that they aren’t saddled with large losses as they are starting out. – Read More on the WSJ

5. RETRO READ: From Malls to Madison Avenue: Real Estate is Getting a COVID Makeover. Among the most immediate results of that shift in power? An adoption of turnover-based leases, ones in which a link exists between the revenue a company brings in from the space it leases and the rent it pays (a trend that has adopted with increasing frequency in recent years), as well as the adoption of COVID-19 clauses aimed at specifically addressing and mitigating new risks. Another big development: shorter commercial leases. – Read More on TFL

6. U.S. businesses boost e-commerce investments even as pandemic winds down: More than half of survey respondents, or 54%, said their organizations plan to prioritize e-commerce experiences in areas such as mobile payments and online services, including buy-online, pick up in-store and curbside pickup. That is up from 31% in the second quarter of 2020. – Read More on S&P Global