Daily LInks
1. Secondhand fashion seller Vinted moves into profit after 61% sales rise. The Lithuania-based group said growth had been spurred by entering new markets; an expansion into luxury fashion through its acquisition of secondhand fashion site Rebelle in 2022; and the launch of a verification service. – Read More on the Guardian
2. You Know LVMH for Its Luxury Bags. It’s Also a Titan of Real Estate. In up-and-coming areas like the Design District, LVMH largely dictates the neighborhood experience, from which tenants are allowed in to what artworks dot the many plazas and even the types of events that are held there. – Read More on the WSJ
3. L’Occitane owner offers to take skincare group private at €6.5bn valuation. Billionaire Reinold Geiger’s deal would result in the company delisting from the Hong Kong stock exchange. – Read More on the FT
4. GenAI Can Help Companies Do More with Customer Feedback. Companies that are struggling to find the right place to deploy new AI tech should consider use cases involving “voice of the customer” applications — parsing, interpreting, and responding to customer input from all different channels. – Read More on HBR
5. Luxury Brands Have a New Challenge. Ordinary Rich People Are Pulling Back. Luxury brands have a problem. While the ultrawealthy have been happy to keep spending, shoppers just a rung lower on the income ladder aren’t splurging as much on goods. – Read More on Barron’s
