Daily LInks
1. Italy’s Cucinelli and EssilorLuxottica sign eyewear license accord: The new ten-year agreement will be effective from next January, while the first collection of glasses will be launched in the first quarter of 2024. – Read More on Reuters
2. Clothing piles up at Bangladesh warehouses as west cuts imports: The south Asian country exported garments worth $42.6bn and textiles worth $2.6bn in the 12 months to the end of June, accounting for about 85 per cent of total exports, according to the BGMEA exporters association. – Read More on the FT
3. When did customers of luxury brands get so young? In 2019, millennials and Gen Z accounted for 40% of luxury shoppers in N. America, and 44% for the industry globally. They are expected to account for as much as 70% of the global luxury market by 2025. – Read More on Quartz
4. You can thank The Sims for the rise of luxury fashion in gaming: “The direct-to-avatar economy isn’t necessarily new. What’s new now is that people are more aware that this is an opportunity, whereas in the past, it was very much a niche experience for people who are already gamers.” – Read More on CNN
5. A Big Winner from Qatar’s World Cup: Dubai: While Qatar grapples with an epic culture clash and the logistics of running the event, the relatively more liberal Dubai is awash with supporters wanting easy access to a beer, cheaper accommodation and a setting more accustomed to Western tourism. – Read More on the WSJ
