PrettyLittleThing is undergoing a significant rebrand, transitioning from its fast fashion roots to a luxury-focused identity under the new name A Legacy in Progress. Co-founder Umar Kamani, who returned in September 2024, aims to redefine luxury for a new generation with two upcoming collections: PLT Label and New Beginnings, featuring chic neutral tones and elevated styles. The brand will also remove previous social media content and promote sustainable fashion by encouraging customers to wear items multiple times. An event to celebrate this transformation is planned for Paris Fashion Week.
about PrettyLittleThing rebrands as A Legacy in Progress to redefine luxury fashionNew Beginnings Acquisition Corp.
0 in Finance and 0 in Crypto last weekThe Dynamics of Stock Market Valuation and Long-Term Investment Strategies
The stock market operates as both a voting machine, reflecting short-term sentiment, and a weighing machine, indicating long-term value based on corporate profits. While current P/E ratios are high, suggesting reduced future returns, strong corporate performance remains a solid foundation for equity investments. Bitcoin and similar assets lack the cash flow metrics necessary for traditional valuation, leaving their worth uncertain.
about The Dynamics of Stock Market Valuation and Long-Term Investment StrategiesSotheby’s Auctions Eight NBA Top Shot NFTs Featuring Rookie Highlights
Sotheby’s is auctioning eight curated NBA Top Shot NFTs featuring rookie highlights from players like Jaylen Wells and Kyshawn George, with prices ranging from $500 to $3,000. The auction, which runs until January 21, 2025, aims to reignite interest in the NFT market amid a gradual recovery, despite recent sales struggles. This strategic move highlights the potential future value of rookie NFTs as traditional art institutions embrace digital assets.
about Sotheby's Auctions Eight NBA Top Shot NFTs Featuring Rookie HighlightsSotheby’s Auctions NBA Top Shot NFTs Amid NFT Market Resurgence
Sotheby’s is auctioning eight NBA Top Shot NFTs, valued between $500 and $3,000 each, as part of its NBA memorabilia sale, with bidding open until January 21. This comes amid a modest resurgence in the NFT market, despite NBA Top Shot’s significant decline from its peak sales of $226 million in February 2021 to under $2 million last month. Additionally, Dapper Labs has settled a class action lawsuit related to Top Shot NFTs for $4 million.
about Sotheby's Auctions NBA Top Shot NFTs Amid NFT Market Resurgence