Daily LInks
1. H&M-backed UK start-up Alchemie seeks China distributor for water, energy-saving fabric dyeing machine to help fashion industry clean up its act: The waterless dyeing machine, similar to an inkjet printer, costs between $1.2 million and $1.5 million, uses 95% less water and 85% less energy than traditional methods. – Read More on SCMP
2. Russia retail sales down 8.8% y/y in July: Russian retail sales declined 8.8% in July in year-on-year terms after a 9.6% fall in the previous month, the statistics service said on Wednesday. – Read More on Reuters
3. Cut Loose from Kering, Swiss Watch Duo Plots Profit Path: The brands are enjoying a boost in popularity that has seen sales rise more than 40% by value, said Patrick Pruniaux, the chairman and chief executive officer of the Sowind Group, which owns them both. – Read More on Bloomberg
4. OP-ED: Break Up the ESG Investing Giants. The few other genuinely independent actors in the system—such as Fidelity—are privately held and controlled by families wealthy enough to prioritize luxury beliefs over productivity. – Read More on the WSJ
5. Fashion Wholesalers Try on Digital Payments, Virtual Trade Shows: There’s a great deal of interest in, and adoption of, these sorts of payment tools. They are really needed, especially because of the supply chain challenges and cash flow challenges that those create. – Read More on PYMNTS
