Image: Hermès

1. New Research Directly Links Western Fashion Brands to Deforestation: The key issue is the environmental destruction hidden in hard-to-trace overseas supply chains, and that although Western nations strictly regulate domestically, overseas it’s like “the wild west.” – Read More on Vice

2. Even Hermès Shoppers Can’t Escape the Supply-Chain Crunch: Hermès likely produced fewer Kelly and Birkin bags in 2020 because its French factories had to shut down for weeks during lockdowns. The company will sell around 100,000 of these two bag models in 2021. – Read More on the WSJ

3. With the Return of the ‘90s, Burberry Tries to Be Cool Again: Burberry Group Plc has found its check mate. The British luxury brand has named Jonathan Akeroyd, currently the head of Capri Holdings Ltd’s Versace, as its new chief executive officer. – Read More on Bloomberg

4. Wall Street analysts expect strong earnings from Europe: Leading investment banks have selected a slew of stocks ahead of third-quarter earnings in Europe, with Morgan Stanley analysts revealing their “high conviction” picks, including Hugo Boss. – Read More on CNBC

5. Chinese hunger for luxury fuels L’Oreal sales growth: Though mainland China continued to post double-digit growth during the quarter, helped by strong demand for hair and skincare products, growth was tempered by a resurgence of some regional coronavirus curbs. – Read More on Reuters