Daily LInks
1. Balenciaga Partners with National Children’s Alliance Following Ad Controversy: The Kering-owned brand said the 3-year program with the Washington DC-based not-for-profit organization will help train almost 2,000 professionals specialized in dealing with child abuse. – Read More on Bloomberg
2. Beijing pushes new regulatory measures to boost e-commerce activities in nation’s capital as online retailers struggle with weak demand: The initiative is expected to make it easier for online merchants to set up bricks-and-mortar stores in the Chinese capital to help increase sales. – Read More on SCMP
3. With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences: Luxury brands are attempting to capitalize on this opportunity by easing their once-stringent brand parameters and taking an “omnichannel approach” to reaching the affluent, and digitally savvy, Chinese consumer. – Read More on Retail Touch Points
4. Why Hong Kong luxury sales won’t suddenly rebound now mainland Chinese shoppers are back: Logistical issues surrounding cross-border travel with mainland China, closed-down stores, and the rise of shopping in Hainan all hamper a speedy recovery. – Read More on SCMP
5. Tesco and Lidl square off in yellow on blue trademark row: Tesco and its German discount rival Lidl traded allegations of copying brands and deceiving customers at London’s High Court on Tuesday in a dispute over Britain’s biggest retailer using a yellow circle on a square blue background. – Read More on Reuters
6. Large global M&A deals off to slow start in 2023: “Regulators are not succeeding and blocking a lot of deals, but they certainly, I think, around the world have been a little bit slower to sort of approve deals and let them flow through.” – Read More on S&P Global
7. Michael Kors owner Capri shares plunge after revenue falls across the retailer’s luxury brands: Revenue fell across the company’s luxury brands, which also include Jimmy Choo and Versace, dragged lower by slowing traffic in China. – Read More on CNBC
