Daily LInks
1. Why Chanel is now showing its collections twice: It’s an example of a growing trend among luxury brands, where they’ll essentially re-do a runway closer to when the collection arrives in retail. It’s not quite see-now-buy-now, but it’s close. – Read More on Yahoo
2. Musk Loses World’s Richest Title to Arnault With Tesla Unwinding: Musk has seen his fortune tumble by more than $100B since January to $168.5B, according to the Bloomberg Billionaires Index. As of 10:20 a.m. EST, that’s less than the $172.9B net worth of Arnault, whose wealth largely derives from his 48% ownership of LVMH. – Read More on Bloomberg
3. RELATED READ: LVMH – A Timeline Behind the Building of the World’s Most Valuable Luxury Goods Conglomerate. “In the 90s, I had the idea of a luxury group and at the time I was very much criticized for it. I remember people telling me it doesn’t make sense to put together so many brands.” – Read More on TFL
4. Inflation’s Cold Case: Core prices were 0.5% higher in November than September, which was the smallest two-month gain since September of last year. – Read More on the WSJ
5. Secretive Shein Founders Build $40 Billion Fortune in Rapid Fashion: The fast-fashion behemoth produces clothes quicker and cheaper than rivals, leading to a more than 2000% return for early backer Tiger Global. – Read More on Bloomberg
