1. Shein’s Revenue Growth Slows in First Half Amid IPO Plans. Shein has reported slower revenue growth in the first half of 2024, according to The Information, as the company prepares for its much-anticipated initial public offering (IPO). – Read More on Reuters
2. Former Off-White CEO Andrea Grilli Takes Helm at Pharrell’s Humanrace. Andrea Grilli, the former CEO of Off-White, has been appointed to lead Pharrell Williams’ skincare brand Humanrace, marking a major leadership shift in the brand’s growth strategy. – Read More on Global Cosmetics News
3. Why The Drop in Luxury Goods Sales Could Be an Ominous Sign. Forbes examines the recent decline in luxury goods sales, raising concerns about potential economic downturns and shifting consumer behaviors impacting the high-end market. – Read More on Forbes
4. Value Chain Traceability: A Major Challenge for the Sustainable Fashion Industry. Supply Chain Brain discusses the difficulties the fashion industry faces in achieving full value chain traceability, a critical step in making fashion more sustainable and accountable. – Read More on Supply Chain Brain
5. Wall Street Journal Sues Perplexity AI for Copyright Infringement. The Wall Street Journal has filed a lawsuit against Perplexity AI, accusing the company of copyright infringement for allegedly using its articles to train AI models without proper authorization, marking another legal battle in the growing tension between media organizations and AI developers. – Read More on eNCA