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Image: Rent the Runway
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1. Fashion firm Rent the Runway aims for nearly $1.3 bln valuation in U.S. IPO: The company plans to sell 15 million shares priced between $18.00 and $21.00 apiece in its IPO, raising $315 million, as the fashion rental company looks to cash in on the rising interest in pre-owned clothing. – Read More on Reuters

2. Three ways social innovators are driving systemic change, from creating sustainable fashion to supporting refugees: The world’s fashion brands face a daunting challenge. In order to mitigate the harm caused to the environment by today’s throwaway culture of cheap clothing, they need to build a sustainable future based on sharply reduced volumes. – Read More in World Economic Forum

3. Rolex Daytonas have outperformed the stock market over the past year as collectors pile in to the $20 billion secondary market for luxury watches: The average price of a Rolex Daytona has increased 34% over the past year to reach nearly $48,000, as limited new supply is pushing the secondary market for luxury watches to new heights. – Read More on Yahoo

4. French luxury goods groups’ shares hit by weak Chinese data: Shares in French luxury goods companies LVMH and Kering fell on Monday after weak economic numbers from China, a leading market for many of the world’s top fashion companies. –  Read More on Reuters

5. RELATED READ: Will China’s Sputtering GDP Crush Luxury Brand Hopes? China’s GDP slowed to 4.9 percent in the July-September quarter compared to a year earlier, falling below expectations and showed a strong deceleration from the first quarter when China expanded at a record pace of 18.3 percent. –  Read More on Jing Daily