Daily LInks
1. LVMH offers glimmers of hope to luxury sector: The world’s biggest luxury goods maker – which returned its biggest business to double-digit sales growth in the third quarter, as strong demand for Louis Vuitton and Dior helped offset steep declines elsewhere caused by the coronavirus pandemic – delivered 12% comparable revenue growth at its fashion and leather goods unit to reach €5.9 billion, far better than the 1% decline expected by analysts. – Read More on the FT
2. Justice Department sues author of Melania Trump tell-all book, says Stephanie Winston Wolkoff broke nondisclosure agreement: The DOJ is suing the author of a book about first lady Melania Trump, claiming that Stephanie Winston Wolkoff broke an NDA that barred her from revealing confidential information obtained during her work for the president’s wife. – Read More on CNBC
3. Wealthy shoppers in China more confident in luxury spending outlook than U.S. counterparts: “Americans and Chinese always spend differently. The Americans spend more on experiences, such as dining, travel and alcohol, and not so much on luxury goods like the Chinese, who like spending on beauty, fashion, watches and jewelry. Such categories have seen a rapid recovery in China.” – Read More on SCMP
4. The 100 Most Sustainably Managed Companies in the World: Companies, such as Kering, the French luxury house that owns Gucci, which took the number 26 spot on the overall list, have been working on quantifying environmental impacts through their products’ life cycles. Kering was second in the business model and innovation category of the WSJ ranking, which captures how companies integrate environmental and social factors into their value-creation processes. – Read More on the WSJ
5. Archive, 1996: Alexander McQueen, the bull in a fashion shop. “By all accounts, McQueen was offered the job, and the six-figure salary that goes with it, weeks [before the 1996 announcement]. Any previous doubt surrounding his appointment stemmed from the fact that he might just turn it down.” – Read More on the Guardian
