1. How Brands Can Sell to Environmentally Conscious Nonconsumers: New research into how consumer attitudes about climate change affect their behavior and purchasing habits find that the largest segment is “Conscious Non-consumers” — that is, people who have changed their behavior to help the environment, but are not purchasing environmentally friendly products. – Read More on HBR
2. How Australian fashion fell to pieces: Even the largest and most established players are suffering. Australia’s prestige department store, David Jones, was bought by a private equity fund for just $100m at the end of 2022, a steep plummet from its 2014 purchase price of $2.1bn. – Read More on the Guardian
3. Binance and Coinbase Show Knives Out for Crypto: US regulators have made it clear that the knives are out for the entire crypto sector, with intent to inflict death by a thousand cuts. – Read More on Bloomberg
*You can find the SEC’s complaint against Coinbase right here.
4. Zara owner Inditex faces margin test: “The consumer is remaining a bit more resilient than we would have expected last year,” said Ciaran Callaghan, head of European equity research at Amundi, Europe’s biggest asset manager. – Read More on Reuters
5. US corporate bankruptcies tick up in May: S&P Global Market Intelligence recorded 54 corporate bankruptcy filings during May, a slight rise from 52 April. In the first five months of the year, 2023 has recorded more filings than any comparable period since 2010. – Read More on S&P Global
6. Dua Lipa wins dismissal of ‘Levitating’ copyright lawsuit: U.S. District Judge Sunshine Sykes said Artikal Sound System failed to argue that the writers of “Levitating” ever had access to the group’s 2017 song “Live Your Life.” – Read More on Reuters