Daily LInks
1. Kering Shares Up, Shrugging Off 2024 Operating Profit Warning. Despite Kering’s warning about a dip in its 2024 operating profit, shares of the luxury group rose as investors appear confident in the company’s ability to recover and navigate market challenges. – Read More on Reuters
2. ASBCI Reveals AI’s Potential Versus Pitfalls for Fashion Industry. A new report from the ASBCI explores the potential benefits and challenges of implementing artificial intelligence in the fashion industry, noting that while AI can drive innovation and efficiency, it also poses risks related to ethics, transparency, and job displacement. – Read More on Just Style
3. Italian Court Lifts Controls on Fashion Brand Alviero Martini. An Italian court has removed legal and financial controls imposed on fashion brand Alviero Martini, allowing the company to regain autonomy in its operations after years of financial difficulties. – Read More on Reuters
4. Gucci Has Problems. The Biggest May Be a Safe New Look. Gucci is struggling to regain its former dominance in the luxury sector, and the brand’s latest “safe” design choices may hinder its ability to recapture the bold, trend-setting reputation it once held. – Read More on The Wall Street Journal
5. Formerly Bankrupt Retail Giant Partners With Rival to Open Stores. Bed Bath & Beyond, which previously filed for bankruptcy, has partnered with former competitor Kirklands to re-establish five physical store locations. – Read More on The Street