Daily LInks
1. End of tax loophole risks dimming Shein’s IPO appeal, investors say. Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said. – Read More on Reuters
2. RELATED READ: Regulating the Industry: A Running Tracker of Fashion-Focused Legislation. The America’s Trade and Investment Act includes “over $14 billion in incentives for apparel, footwear, and accessories reuse and recycling, onshoring/reshoring, closing the de minimis loophole, addressing forced labor, and more.” – Read More on TFL
3. Four innovations helping the fashion industry embrace the circular economy. Global sales of ‘pre-loved’ clothing look set to account for 10% of global fashion industry sales in 2024. – Read More on WEForum
4. Big Luxury Frets That China Is Turning Japanese. Just like post-boom Tokyo in the 1990s, the Chinese are embracing value for money and mix-and-match. That’s bad news for Europe’s fashion empires. – Read More on Bloomberg
5. The problem of fakes in the art market. Checking provenance is relatively straightforward on the primary market, where collectors buy from a living artist’s studio or representative, but less so on the secondary market, which refers to the resale of works. – Read More on CNBC
