Daily LInks
1. Justin Bieber slams H&M “trash” merchandise featuring his image: “As with all other licensed products and partnerships, H&M followed proper approval procedures,” an H&M spokesperson said. – Read More on Reuters
2. Christie’s Sells Record $8.4 Billion in Art, Spurred by Big Estates and Young Bidders: The world’s top auction houses are jockeying for the chance to resell blue-chip collections amassed by baby boomers—while also courting younger buyers who want watches, handbags and contemporary artists of their own generation. – Read More on the WSJ
3. Luxury goods provider Lanvin Group shares tumble in wake of SPAC merger: Lanvin shares opened at $7.20 on Monday, slipping to a low of $6.68 in early trading before climbing to a high of $8.57 in late morning. The stock recently changed hands at $7.36 at approximately 2:00 p.m. ET. – Read More on Seeking Alpha
4. RELATED READ: Lanvin’s IPO: Can the Chinese Group Make a Name for Itself in Luxury? Its brands lack the scale of other luxury names, and need “significant work” from a consumer perception standpoint. – Read More on TFL
5. Luxury watches — a timeless investment or an expensive hobby? “We do everything we can to avoid selling to ‘flippers’,” said Watches of Switzerland’s boss, Brian Duffy. “Obviously we’re not special investigators, but we do want to sell to people who will love and enjoy the watches.” – Read More on the Times
