Daily LInks
1. Fashion’s Leather Misinformation Problem and Why “Vegan” Doesn’t Mean “Sustainable.” In the case of “plant” leathers made from pineapple leaves or coconut husks, the material cannot function properly unless it is mixed with synthetic polymers (plastic) to enhance or provide these properties. – Read More on Forbes
2. LVMH and Gagosian: Why the rumor of a buyout makes sense, even if it isn’t true. The most obvious is that LVMH and Gagosian have the same client base: monied collectors of everything from high-end fashion, luxury goods, champagne, watches and jewelry to… art. – Read More on the Art Newspaper
3. How India Plans to Reinvent E-Commerce: A little over a month ago, the Indian government’s Open Network for Digital Commerce, or ONDC, went live in Bengaluru, the country’s technology hub. – Read More on the WSJ
4. RELATED READ: Analyzing the Potential of India’s Open Network For Digital Commerce. This framework is intended to be a clear departure from the closed network of e-commerce that is existent as of now, where a seller is required to get listed on various different e-commerce platforms, and the buyers have to browse through different e-commerce platforms, in the search of a single item. – Read More on TFL
5. US retailers face slowing online growth, rising price competition in 2023: Online retail sales spiked to more than 16% of total U.S. retail sales in the second quarter of 2020 but have since tapered off to about 14.5% of total retail this year, according to estimates by the U.S. Census Bureau. – Read More on S&P Global
6. Reliance group, Adani bid for India’s debt-ridden Future Retail: Once India’s second-largest retailer, Future was dragged into bankruptcy after it defaulted on loans and its lenders rejected a $3.4 billion sale of its assets to market leader Reliance Industries amid a legal challenge by Amazon. – Read More on Reuters
