🟢 Digital is over for Europe, now what?

China’s luxury market is shedding an old operating system where venerable Western brands were the most aspirational and properly untouchable. In 2025, brands you never heard of, for now, like Songmont or Laopu Gold, are now rising to prominence. This is the same tectonic shift that occurred ten years

This week, let me put a quick nail in the 'bubble' discussion about AI. Being quite the cautious sceptic, I am about tech and know the usual hype curve perfectly well, so I don't think AI is going away anytime soon...

This is a bit of an odd edition of the newsletter as it addresses geopolitical events that I usually don't discuss. But, like most of you, probably, I was trying to give a cogent answer to the question: will there be an AI bubble explosion soon (spoiler: the answer is no).