Daily LInks
1. Luxury Brands’ Price Hikes Have Alienated Shoppers, Bain Says. Shoppers are starting “to question the prices of these products that are always the same and are much more expensive.” – Read More on Bloomberg
2. Super-Star Sneaker Maker Golden Goose Postpones IPO Amid Market Turmoil. Italian fashion company Golden Goose, the maker of Super-Star sneakers worn by celebrities including Taylor Swift, postponed its initial public offering, citing European market volatility. – Read More on the WSJ
3. China cracks down on counterfeits, seizes 7,600 fake luxury goods. In recent years, China has stepped up its efforts to combat counterfeit goods by strengthening laws, raising fines, and utilizing technologies like big data and artificial intelligence to improve surveillance of such activities. – Read More on Jing
4. A renowned photographer claims Nike ‘snookered’ him out of the picture that would become the Air Jordan logo. In 2015, Rentmeester made good on his threat of legal action, suing Nike in federal court in Oregon, btu the court held that the two photographs were different enough. – Read More on Fortune
5. China’s rich ditch flashy luxury as global sales stall, says Bain. Global sales of personal high-end goods – spanning clothing, accessories and beauty products – this year will be between flat and 4% higher year-on-year, at constant rates. – Read More on Reuters
