Image: Unsplash

1. For Ferrari Less Is Still Plenty, Maybe More: Smart luxury brands do, in fact, move down market, but generally only with new, differentiated brands. In the 60s and 70s, Ferrari did this with its “Dino” line of mass production sports cars. Today, it essentially does this with swag — a seemingly endless line of Ferrari badged slippers, surf boards and other be-stallioned tchotchkes. – Read More on Bloomberg

2. RELATED READ: Luxury in the Age of COVID? Hermès is “Resilient,” Ferrari is “Extraordinarily Stable.”The seeming similarities between war-time Hermès and Ferrari shed light on an ongoing debate about where Ferrari – which is currently in the process of revamping its non-car licensing operations in a move to bring that segment more upmarket – resides in the market as a whole. – Read More on TFL

3. Why The Global Economy Is Recovering Faster Than Expected: Sectors, such as those for autos and other durable goods, took a big hit from physical lockdowns, but once those were lifted, they bounced back strongly, often fully — and sometimes even exceeding pre-crisis levels. These sectors represent about 16% of the U.S. consumption. – Read More on HBR

4. The Duty-Free Business Must Reroute to China: Even after passengers feel safe to travel long haul again, the old spending habits may never come back. The faster Europe’s duty-free operators can expand in mainland China, the better their chances of a full recovery. – Read More on the WSJ

5. Japan luxury retail in dire straits – but will bounce back, analysts say: The stylish boutiques of Ginza, Omotesando, Shinjuku and Harajuku are all but devoid of shoppers as the pandemic keeps foreign arrivals away. But savvy luxury brands are in it for the long haul and short-term fluctuations are not major challenges, one expert says. – Read More on SCMP