Image: Victoria's Secret

1. After a 7-Month ‘Brand Transformation,’ Victoria’s Secret 2.0 is Almost Unrecognizable: As much as VS&Co has outlined an active growth plan for 2022, the $4.8 billion retailer’s stock price has fallen about 7% since its debut in August (vs a 2.6% drop for the S&P 500). – Read More on PYMNTS

2. In China, Fewer Are Willing to Splurge as Economic Worries Mount: Instead of giving cash to consumers, China has focused more on trying to boost consumption by supporting the supply side of the economy, which should create a virtuous cycle of growth in manufacturing and other sectors, fueling more spending. – Read More on the WSJ

3. Beauty tech firm Perfect to go public in U.S. via $1 bln SPAC deal: The PIPE round included existing investor Snap Inc, as well as French luxury group Chanel, software firm CyberLink and Japanese cosmetics company Shiseido. – Read More on Reuters

4. RELATED READ: As SPACs Gain Steam, How Can Companies Mitigate Liability? Given the marked rise in popularity of SPACs, which are not actually novel and in fact, date back to the 1990s, it “seems almost inevitable that a substantial amount of litigation regarding companies taken public via de-SPACing transactions will follow the current volume of SPAC IPOs.” – Read More on TFL

5. How Lifestyle Changes Affect Luxury Brands: “The uniqueness and authenticity of brands will be significantly more important than they are today now that consumers use brands to curate their self-images.” – Read More on Jing