Daily LInks
1. Mass recycling of fabrics is how fashion cleans up its act. Central to this will be the so-called trigger technologies, such as QR codes on garments leading to digital product passports, a tool for collecting and sharing data throughout a product’s entire lifecycle. – Read More on the FT
2. Amazon loses bid to dismiss consumers’ price-fixing lawsuit. Amazon.com must face a prospective consumer class action in Seattle federal court accusing the online retail giant of a price-fixing scheme that has artificially inflated prices for numerous goods on its platform, a judge ruled. – Read More on Reuters
3. New AI products focus legal minds on privacy — and costs. All the new tools promise to tackle some of lawyers’ most laborious tasks with greater ease and speed. Their time-saving potential has raised expectations that they will transform — and also, perhaps, take away — much of lawyers’ day-to-day work. – Read More on the FT
4. Italy Defined Fashion. Then It Got Old. The smaller scale of Italian brands makes them easy targets. Swiss conglomerate Richemont, which owns Cartier, recently snapped up Gianvito Rossi. This summer Kering, the French group that has long owned Gucci, bought a 30% stake in Valentino with an option to buy the entire brand in the next five years. – Read More on the WSJ
5. Why Are Billions Of Clothes Never Even Sold? The main reason for this is fashion’s business model, which relies on buyers predicting the amount of product that they will sell ahead of time. Naturally, there will be leftover stock because of this – a problem that’s exacerbated by the potential financial losses involved in not having enough of the right garment. – Read More on Vogue
6. Mattel to Reap About $125 Million in Revenue From ‘Barbie’ Film. Kreiz has been reinventing Mattel as CEO over the past five years to focus on leveraging and monetizing its IP, a push that culminated with Barbie. But film “is not on its own. It is part of a holistic, multi-year strategy, to capture value from our intellectual property.” – Read More on Deadline