Must Read: How The Fall of Noncompete Clauses Will Impact Fashion, Estée Lauder Creates AI Innovation Lab

These are the stories making headlines in fashion on Friday. How the fall of noncompete clauses will impact fashionThe U.S. Federal Trade Commission issued a ruling this week that significantly curtails the use of noncompete agreements, which stop former employees from working for a company's ...Continue reading

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Apr 28, 2024 - 14:06 Updated: Apr 28, 2024 - 14:10
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Must Read: How The Fall of Noncompete Clauses Will Impact Fashion, Estée Lauder Creates AI Innovation Lab
Chair of the Federal Trade Commission Lina Khan. Photo: Slaven Vlasic/Getty Images for The New York Times

These are the stories making headlines in fashion on Friday.

How the fall of noncompete clauses will impact fashion
The U.S. Federal Trade Commission issued a ruling this week that significantly curtails the use of noncompete agreements, which stop former employees from working for a company's rival for a certain time period. Noncompete agreements have been a popular way for fashion to companies retain talent, but now the FTC has barred companies from creating new noncompete agreements or enforcing existing ones. For fashion workers in mid-level and below positions, this ban could expand their career prospects and offer new opportunities. {Business of Fashion/paywalled}

Estée Lauder Companies creates AI innovation lab
Estée Lauder Companies teamed up with Microsoft to create an artificial intelligence innovation lab that aims to implement generative AI across ELC's beauty brands. The main goal of this project is to develop tools to help its team quickly identify and respond to trends while applying the findings to product development, Maghan McDowell writes for Vogue Business. One current initiative in progress includes a chatbot allowing brands to search a database of authorized product claims. {Vogue Business/paywalled}

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