Daily LInks
1. When Does Collaboration Become Collusion? An EU inquiry is raising questions about how a notoriously cutthroat industry can make itself more efficient and sustainable without violating antitrust regulations aimed at preventing collusion. – Read More on the New York Times
2. RELATED READ: Fashion Industry Open Letter at the Center of EU Anti-Competition Probe, Per Report. Aimed at helping the enable the industry increase “sustainability throughout the supply chain and sales calendar,” the fashion industry-wide pact and its signatories are almost certainly of interest for the EU’s anti-competition regulator due to the explicit call in the letter to refrain from discounting. – Read More on TFL
3. Ferragamo’s nine-month sales rise 13% driven by Europe: Revenues reached 921 million euros ($929 million) in the January-September period, Ferragamo said on Tuesday, with the success of the new collections for S/S 2023 “adding further confidence in the acceleration of investment in the second half of the year.” – Read More on Yahoo
4. Advertisers react to Twitter’s new ownership: L’Oreal, for one, said it had not suspended ad spending on Twitter, denying a Financial Times report from Nov. 2 that said it had. – Read More on Reuters
5. The Beauty Industry Is Defying Inflation: “This is the first time we are in a recessionist backdrop that comes after two years of restrictions,” Coty Chief Executive Sue Nabi said. “Usually recessions happen after overconsumption.” – Read More on the WSJ
