Daily LInks
1. Big-Spending Chinese Shoppers Are Splurging on Luxury at Home, Not Abroad Anymore: Some 62% of luxury spending by Chinese consumers took place inside its borders in April, widening from 41% in the same month in 2019 — before Covid. – Read More on Bloomberg
2. Inside the Delirious Rise of ‘Superfake’ Handbags: As for how the superfakes are achieving their unprecedented verisimilitude: It’s simply a combination of skillful artisanship and high-quality raw materials. Some superfake manufacturers travel to Italy to source from the same leather markets that the brands do; others buy the real bags to examine every stitch. – Read More on the NYTimes
3. Patagonia Sues Online Apparel Seller Over Alleged Trademark Infringement: In the Patagonia case, one alleged trademark-violating T-shirt features the Patagonia logo with an explicit phrase written in what’s essentially the same white typeface used for the real Patagonia nameplate. – Read More on ASI
4. Businesses in China Ask Where the Red Lines Are as Beijing Cracks Down: Foreign companies in China are walking a tightrope between their need for business intelligence to comply with proliferating U.S. sanctions and mounting concerns about the risks of carrying out the due diligence required for business on the ground. – Read More on the WSJ
5. April adds 54 more US corporate bankruptcies; 2023 filings highest since 2010: S&P Global Market Intelligence recorded 54 corporate bankruptcy petitions in April, a drop from 70 in March. Those fresh filings have pushed the year-to-date count to 236. – Read More on S&P Global
6. Rolex Certified Pre-Owned Program Rolled Out to U.S.: Select locations from the Tourneau Bucherer and Watches of Switzerland retailers will be available to offer second-hand models under this program and display a plaque indicating their participation. – Read More on Yahoo
