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1. Louis Vuitton’s CEO talks resale: Michael Burke says the rise of the sharing economy that extends its bags’ lifespan helps. And while China hasn’t embraced sustainability the same way, it will catch up, he says. – Read More on SCMP

2. RELATED READ: China’s Luxury Resale Segment is Expected to Grow into a $154 Billion Market. “Explosive” growth is on the horizon for pre-owned luxury products. This is only bolstered by the fact that the majority of Chinese consumers are keeping their luxury products for just one to three years, Kering revealed in its 2021 environmental impact report. – Read More on TFL

3. China’s millennials embrace local brands as fast fashion giants like H&M face changing tastes: National pride and skepticism about fast fashion is fueling a growing appetite among young Chinese to buy domestic brands. Chinese labels are big winners from the trend, while international firms like H&M are finding themselves on the wrong side of it. – Read More on SCMP

4. French luxury group LVMH seeks 25,000 young staff in recruitment drive: The European luxury sector has seen a fast pace of growth in recent months, as stores reopened following lockdown periods and consumers drew on money saved during periods of confinement to splash out on pricey goods. – Read More on Reuters

5. 70% of Consumers Say Addressing Climate Change is a Key Issue, Fueling Resale Growth: “What used to seem like a cheap, cheerful, fun little trendy purchase, people are starting to see actually comes at a pretty high cost environmentally and needs to be rethought.” – Read More on PYMNTS

6. Inside Amazon’s Department Store Plans: High-Tech Dressing Rooms, Its Own Apparel Brands. The retailer has attempted to build out its fashion business by giving customers more options on how and where to buy. It has had a tougher time, though, scaling the high-end fashion business, with few luxury brands selling on its website. – Read More on the WSJ