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Image: GOAT
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1. Looming lockdown in Bangladesh threatens apparel retailers H&M, Levi’s: Apparel retailers including H&M and Levi Strauss are at risk of facing heightened supply chain disruptions, as regions of Southern Asia are bracing for intense lockdowns as Covid-19 cases spike, fueled by the more contagious delta variant. – Read More on CNBC

2. The New Business of Old Clothes: Because the resale market is now large enough, it can sustain both the ardent archivist and the novelty-seeker who views their wardrobe as a constantly evolving, revenue-driving entity. And new niches in resale are being found every day. – Read More on Elle

3. Top fashion brands found failing on gender equality in new index:  Adidas and Gap Inc are among the best performing fashion brands at tackling gender inequality, according to a new index which found that most retailers are failing to support women in their boardrooms and factories. – Read More on Reuters

4. “We have a point of view on fashion, culture and style.” While GOAT’s primary business is still footwear, with the company experiencing 100% year-over-year growth in sneakers, apparel has grown at a staggering 500% year-over-year pace for the company. – Read More on Yahoo

5. RELATED READ: Following a Quiet Settlement, Goat to Rebrand and Goat Group to Take Trademarks. Goat Fashion’s announcement that it brand will change its name comes on the heels of the settlement of a years-long legal battle that Goat initiated against 1661, Inc., the parent company of Goat Group, the swiftly growing sneaker – and fashion – marketplace. – Read More on TFL

6. Burberry’s CEO Exit Points to Talent War, Not Takeovers: Both Salvatore Ferragamo and Burberry have long been considered takeover targets, although the former is family-controlled. Some shareholders are betting that the pandemic will compel weaker brands to sell up to one of the large, cash-rich European luxury houses, such as Gucci-owner Kering. – Read More on the WSJ