Daily LInks
1. Fashionably late: The apparel industry’s shift toward sustainability. Fashion is a massive polluter. According to the United Nations, fashion produces 20% of the world’s wastewater and 10% of the world’s carbon emissions — calling the habit of quick closet-turnover into question. – Read More on Axios
2. This company is looking for more fashion brands to buy: “We look for brands with a half a billion dollars or more in global sales volume, high brand affinity, high brand awareness, strong purchase intent by consumers — and the key is open opportunity for growth in digital channels and international global channels.” – Read More on CNBC
3. The Chinese fashion industry has changed – it’s not all luxury labels and ‘Made in China’ anymore: That Chinese designers need recognition from Paris, New York or London already sounds outdated. With its unfathomable potential, the Chinese market alone can legitimize and publicize the creativity of designers domestically. – Read More on SCMP
4. RETRO READ: Chinese Teens Are Spending More Than $7,000 per Year on Luxury Goods, Outshining Their Western Peers. “Being only children, Gen-Zers are more likely to receive generous financial support from their parents than older generations.” – Read More on TFL
5. Forget Swiss watches and “it” bags, marriage and all its related social and financial benefits are becoming a luxury good. Middle-class Americans are forsaking marriage amid financial insecurity, effectively making the institution more of a luxury good enjoyed by prosperous Americans. – Read More on WSJ
6. Aerie Aims to Be $3 Billion Brand: Nearly at its $1 billion goal, the intimates firm has been reimagining what it means to be in the bra and underwear business for the last decade, adding a diverse array of models, leading the bralette trend and skipping the digital touch-ups of photos. And it’s paying off. – Read More on WWD
