On the Glossy Week in Review podcast, senior fashion reporter Danny Parisi and editor-in-chief Jill Manoff discuss some of the biggest fashion news of the week.

On this week's episode, brands are pulling out of China after facing increased competition from local brands and retailers, Klarna's valuation is reportedly dropping from $45 billion to as low as $6 billion, and fashion brands are launching Hamptons activations as the summer kicks off.