Daily LInks
1. Nike Stole Company’s Trademark, Then Tried To Bury It In Legal Bills, Court-Ordered Report Says. Forbes reports that Nike was accused of intentionally stealing a small company’s trademark and then attempting to overwhelm the company with legal fees in an effort to bury the issue, according to a court-ordered report. – Read More on Forbes
2. Can AI Help the Fashion Industry Cut Back on Waste? The Drum explores how AI technology is being harnessed to reduce waste in the fashion industry by improving supply chain efficiency and minimizing excess production, potentially reshaping how brands approach sustainability. – Read More on The Drum
3. LVMH Is in the Luxury Driver’s Seat With F1 Deal. LVMH has secured a prominent partnership with Formula 1, leveraging the global sporting event to enhance its brand visibility and maintain its leading position in the luxury market. – Read More on Bloomberg
4. Richemont Offloads Online Retailer Yoox Net-A-Porter to Mytheresa. Richemont has announced the sale of its online retailer Yoox Net-A-Porter to Mytheresa, marking a strategic move to streamline its portfolio and focus on core luxury assets. – Read More on Reuters
5. Why Are the CEOs of Most Luxury Brands Stepping Down? The Times of India investigates the recent trend of luxury brand CEOs stepping down, exploring the pressures of navigating the evolving luxury market and adapting to changes in consumer behavior. – Read More on Times of India
6. Naomi Campbell Admits Charity Failures but Denies Misconduct. Supermodel Naomi Campbell has acknowledged shortcomings in the management of her charity, Fashion for Relief, but firmly denies any personal misconduct amid media scrutiny over the charity’s finances and operations. – Read More on Reuters
7. The Tax Man Comes for Fast Fashion. The U.S. is taking the lead in holding fast fashion companies accountable through new tax regulations, aiming to curb environmental and labor abuses within the industry by imposing stricter financial oversight. – Read More on Forbes
