1. Farfetch tycoon bids to take luxury fashion site private after failed US float. José Neves is understood to be in talks with bankers and top shareholders, who include Cartier-owner Richemont, about a deal that would bring an abrupt end to its short but calamitous stint on the NYSE. – Read More on the Telegraph
2. Why Chinese fashion giant Shein is eyeing a US IPO in secret. Filing for a secret IPO is likely due to Shein being extra-cautious as the US IPO climate is somewhat turbulent and could make it challenging for Shein to stay afloat. – Read More on EuroNews
3. Shein Still Needs to Prove It’s a Bargain. Geopolitics is another risk for Shein, although the company has distanced itself from its Chinese roots—most obviously by moving its headquarters to Singapore. – Read More on the WSJ
4. How ‘ESG’ came to mean everything and nothing. The fragility of the entire ESG movement – and in some respects, a major catalyst for its downfall – may well lie in its name, which has morphed into an umbrella catchphrase with little concrete meaning. – Read More on the BBC
5. Pre-owned luxury goods biz gains momentum. China’s secondhand luxury goods market has grown to such a size that the potential value of all the products that could be traded could exceed 3 trillion yuan ($420 billion), said the Yaok Institute, a market research firm. – Read More on China Daily
6. Sports Illustrated Published Articles by Fake, AI-Generated Writers. Ortiz isn’t the only AI-generated author published by Sports Illustrated, according to a person involved with the creation of the content. – Read More on Futurism