Daily LInks
1. Investment company HLD in talks over buying majority stake in fashion company ba&sh: Investment company HLD said it was in talks with L Catterton – the private equity firm backed by LVMH boss and French billionaire Bernard Arnault over buying a majority stake in the fashion company ba&sh. – Read More on Forbes
2. Rihanna’s Lingerie Company Weighs IPO at $3 Billion Valuation: Savage X Fenty is working with banks including Goldman Sachs Group Inc. and Morgan Stanley, said people close to the matter. A listing could happen as soon as this year, one of the people said. – Read More on Bloomberg
3. Apps and Oranges: Behind Apple’s ‘Bullying’ on Trademarks. The scale of the company’s campaign amounts to “bullying tactics, and they are unnecessary for Apple to protect the public from confusion,” said Christine Farley, a professor at American University’s Washington College of Law. – Read More on the NY Times
4. Commerce Restricts the Export of Luxury Goods to Russia and Belarus and to Russian and Belarusian Oligarchs and Malign Actors in Latest Response to Aggression Against Ukraine: the U.S. Commerce Department’s Bureau of Industry and Security imposed restrictions on the export, reexport, and transfer (in country) of luxury goods to all end users in the Russian Federation (Russia) and Belarus and to certain Russian and Belarusian oligarchs and malign actors located worldwide. This action is in response to Russia’s brutal, continuing invasion of Ukraine (as substantially enabled by Belarus) in flagrant violation of international law. – Read More on commerce.gov
5. Forget Quality and Sustainability: High Price Drives Consumer Demand for Luxury Brands: “Luxury high price is not about tangible benefits. Price is simply not a cost or quality cue. It also is a source of satisfaction or pride.” – Read More on Forbes