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1. Gap says Russia deliveries stopped in March. But its clothing kept coming: Russian customs records reviewed by Reuters show that between March 11 and July 16, Gap’s franchisee in Moscow received 1,585 clothing shipments with a declared value of $5.2 million. – Read More on Reuters

2. Ralph Lauren to Launch Fortnite Fashion Line With First Polo Logo Mashup: The clothing features a mashup of the Polo logo with its iconic jockey riding the Fortnite llama. This marks the first time in Ralph Lauren’s 55-year history that the logo has been redesigned. – Read More on Bloomberg

3. India’s Luxury Market Is Booming as Consumers Spend on High-End Goods and Travel: There has been an 11 percent increase in people with incomes above $30 million since 2011. That number is expected to climb to 39 percent by 2026. – Read More on Yahoo

4. The Creative Director Who Drove Saint Laurent to a Nearly $3 Billion Brand: With sales reaching $2.8 billion in 2021, and consistently increasing, CEO Francesca Bellettini aims to get to $5 billion by 2026, a radical goal for a brand that hadn’t even reached $1 billion in annual sales when she arrived nine years ago. – Read More on the WSJ

5. LVMH-backed L Catterton aims to raise 2 billion yuan in first yuan-denominated fund: The new fund has received capital from unidentified local Chinese government body and international and overseas companies in the consumer sector. – Read More on Reuters