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1. Fashion giant PVH to close factory; Ethiopia blames U.S. sanctions: The move by PVH, which owns Calvin Klein, Speedo and Tommy Hilfiger, is the first retreat from a large manufacturer following suspension of duty-free access. It is a blow to the Ethiopian economy, which is already grappling. – Read More on Reuters

2. Inside Mark Zuckerberg’s metaverse, how will the world of advertisements look? “It’s going to be very similar to what we have today in the real world. So, in the same way that we have billboards on the side of the road or [out of] home signage, brands will still be able to buy these types of placements within a Metaverse environment or a 3D environment.” – Read More on CNBC

3. ‘Chanel No. 5’ Review: Catching Lightning in a Bottle. Less mystery surrounds the design of the perfume’s bottle, which Chanel wanted to be as avant-garde as the scent it held. The square block with sharp corners was refined in 1924 and hasn’t changed since. – Read More on the WSJ

4. RETRO READ: The Battle for the World’s Most Famous Fragrance: Chanel No. 5. “Feeling she had been cheated, [Coco] Chanel filed lawsuit after lawsuit, trying to get more control and more of the profits. By 1928 … the Wertheimers had a lawyer on their staff who dealt solely with [Ms.] Chanel.” That, however, was only the beginning of what would become a lengthy battle, and things took a significant turn in the spring of 1940 when the Nazis invaded France. – Read More on TFL

5. Macy’s CEO Still Undecided About Separating eCommerce Division: “The board, myself, our advisors, we look at this all the time, and we look at how is the company more valuable to the shareholder — as a unified company or has separate companies?” AlixPartners will “pressure test” Macy’s own analysis of its corporate structure. – Read More on PYMNTS