Daily LInks
1. Is the luxury sector recession-proof? Part of the reason for the wait for Birkin bags is constrained supply, which Hermès manages with the precision worthy of its stitching. But another part is booming demand for all manner of luxury goodies. – Read More on the Economist
2. We need to keep CEOs away from AI regulation. Executives are trying to get ahead and set the tone, by arguing that they are best placed to regulate the very technologies they produce. – Read More on the FT
3. Urban Dictionary Definition Inadmissible in Trademark Case. Stay You, LLC claims that H&M’s use of the phrase “Stay True Stay You” infringes its trademark “Stay You,” and H&M is arguing (among other things) that “the Urban Dictionary definition of ‘Stay You” is strong evidence that the phrase is in common usage and therefore also diminishes the strength of the mark.” – Read More on Reason
4. The Gap beats shareholder lawsuit over commitment to diversity. The Gap Inc on Thursday beat a shareholder lawsuit claiming the company’s directors breached their duties by making misleading statements in securities filings about the retailer’s commitment to racial diversity in its leadership ranks. – Read More on Reuters
5. Erik Nordstrom Should Unleash His Inner Bernard Arnault: There’s a ton of risk in chasing the aspiring rich. For one, the discount space has become more crowded and competitive in the last few years. Resale companies have consistently outperformed the overall luxury segment even as they too see affluent shoppers squeezed. – Read More on Bloomberg
6. Europe’s new success stories are built on high luxury, not high tech. The top European brands now account for a third of global sales, up from a quarter in 2010. Europe’s top four luxury companies, by market cap, are all French: LVMH, L’Oréal, Hermès, and Christian Dior (which is owned by LVMH). – Read More on the FT
