Daily LInks
1. Prada becomes the latest fashion brand to launch NFTs: Prada, the Italian luxury fashion designer, will debut its first solo NFTs on Thursday, which will be available for 24 hours with the purchase of a physical item. – Read More on the Block
2. Capri raises profit forecast as shoppers splurge on Versace, Michael Kors: Sales at Michael Kors, Capri’s biggest brand, rose 21.8% to $1.02 billion in the fourth quarter, while Jimmy Choo’s revenue rose 25.8% and revenue at Versace jumped 34%. – Read More on Reuters
3. Russian Cash and Trade Drawn to Dubai by Low Taxes, No Sanctions: Dubai is fast becoming the international hub of choice for Russian companies and wealthy individuals seeking to run their businesses and protect their money while avoiding sanctions over the invasion of Ukraine. – Read More on the WSJ
4. Levi Strauss boosts sales outlook for next 5 years, banking on e-commerce strength: “As we continue to scale [e-commerce], that business becomes a lot more profitable,” CEO Chip Bergh said. “Before the pandemic, our e-commerce business was a money-loser.” – Read More on CNBC
5. India lines up banks for e-commerce effort to take on Amazon, Walmart: Indian e-commerce was worth more than $55 billion in gross merchandise value in 2021 and will grow to $350 billion by the end of this decade, according to government estimates. – Read More on Reuters
