Daily LInks
1. Burberry Set to Be Dropped From FTSE 100. Burberry Group Plc, the 168-year old UK fashion company, is set to be dropped from the FTSE 100 index, ending a 15-year presence on the blue-chip benchmark after its capitalization fell below the level required to keep its place. – Read More on Bloomberg
2. How consumer goods brands can get a jump on new human rights rules. The long-awaited Corporate Sustainability Due Diligence Directive (CSDDD), now coming into force in the EU, requires companies to identify, prevent and mitigate harmful human rights and environmental impacts within their business activities and operations. – Read More on Reuters
3. RELATED READ: Compliance With the CSDDD, Applicability & Risks. Companies will need to financially invest in suppliers “downstream” in order to support them in becoming compliant with international standards. Impacts are, thus, really far reaching. – Read More on TFL
4. U.S. safety regulator calls for probe of Temu, Shein over “deadly baby and toddler products.” CPSC Commissioners said the agency should examine Temu and Shein’s safety and compliance controls, relationships with third-party sellers and consumers and “any representations they make when products are imported.” – Read More on CNBC
5. The More This Rolex Costs, the More You Want It. Here’s Why. “Oftentimes there’s this tension between milking the brand to boost sales in the current year and the long-term equity of the brand.” – Read More on Wired
