Daily LInks
1. Is Zara the New Face of Luxury? If the $699 Camel Coat Fits. But as designer labels pushed up prices and the premium fashion sector got squeezed by the pandemic, mainstream stores have rushed in to fill the middle-tier void — and Zara’s leading the charge. – Read More on Bloomberg
2. LVMH Doesn’t Have the Luxury of Pulling Back From China. A former economic adviser to Beijing warned Arnault and his team that China’s aging demographics presented a serious problem for LVMH. – Read More on the WSJ
3. AAA sues film studio A24 in trademark case over ‘AAA24’ program. The American Automobile Association (AAA) filed a lawsuit against A24 that accuses the movie and television studio’s “AAA24” film-buff discount program of violating its trademark rights. – Read More on Reuters
4. Metaverse funding evaporates. Funding rounds involving metaverse companies raised just $530 million in 2023, down 87% from $4.09 billion in 2022, according to Market Intelligence data. – Read More on S&P Global
5. Softening luxury market could be revived by younger generations and international travelers. With fewer financial commitments, and growing disposable income, Gen Z are also willing to cut back on other areas of spending, such as more expensive travel options, to afford luxury goods. – Read More on RIN
6. New legal AI venture promises to show how judges think. A new venture by a legal technology entrepreneur and a former Kirkland & Ellis partner says it can use AI to help lawyers understand how individual judges think, allowing them to tailor their arguments and improve their courtroom results. – Read More on Reuters
