Daily LInks
1. Fast-fashion Firm Shein May Abandon London IPO. Shein is considering abandoning its plans for a London Initial Public Offering because the company, which has been facing increasing scrutiny over its labor practices, appears to be re-evaluating its strategy amidst these regulatory challenges. – Read More on Seeking Alpha
2. The Crazy Economics Of The World’s Most Coveted Handbag. The Hermès Birkin bag, a 40-year-old status symbol, commands high resale values and creates a complex market dynamic where wealthy buyers spend significantly on other Hermès products to qualify for the elusive and highly coveted purse, often engaging in lavish gestures and bribes to secure one, making it both a lucrative investment and a powerful indicator of social status. – Read More on The Wall Street Journal
3. Apple Won’t Offer AI Tools In EU Due To Regulatory Concerns. Apple announced it will not release new AI features in the European Union this year due to regulatory uncertainties related to the EU’s Digital Markets Act and concerns that complying with these regulations could compromise user privacy and data security. – Read More on Law360
4. Adidas CEO Rides Samba Craze To Revive Brand After Ye Debacle. Adidas boss Bjorn Gulden made quick changes to turn around the sports brand, and shares doubled in 18 months as investors sought a longer strategy. – Read More on Bloomberg
5. Under Armour To Pay $434 Million To Settle Lawsuit Over Sales Disclosures. Under Armour has agreed to pay $43.4 million to settle a lawsuit that accused the company of misleading investors about its financial health by failing to disclose declining sales and engaging in practices to artificially inflate its revenue figures. – Read More on Fashion Network
6. Uniqlo Parent To Digitally Track Materials Across Its Supply Chain. Fast Retailing, the owner of Uniqlo, is implementing RFID and QR code tracking technology in its supplier factories to enhance inventory control and prevent stock shortages by connecting material tracking with production planning. – Read More on Nikkei Asia
