German retail sales fell at their fastest pace since 2007 in April, data showed on Friday, but the drop was not as steep as expected in a sign of Germany's relative resilience during the coronavirus crisis.
European e-tailer Zalando has taken a major step forward in driving a more sustainability-focused retail sector post-pandemic, making sustainability assessment mandatory for its private labels and partner brands.
The funding consists of a £25m revolving credit facility from the government’s Coronavirus Large Business Interruption Loan Scheme and £25m of new notes that will be purchased by a group of current bondholders.
Retailers and fashion firms will find themselves under heavier pressure from August with UK chancellor Rishi Sunak having announced on Friday that employers will have to pay part of the wages of furloughed staff.
Few fashion designers have had as much impact in the past three decades as Domenico Dolce and Stefano Gabbana. With FashionNetwork.com the duo discuss DGfattoincasa; handling the lockdown and their next runway steps
Designers are clamoring for a radical change in the fashion system; for less seasons and shows and later fashion week dates. But Carlo Capasa, president of the Camera, still expects to have four Fashion Weeks per year.
One day after Alessandro Michele, creative director of Gucci, revealed on Instagram that the brand would in future stage only two shows per year, the designer called for a reformulation of the fashion calendar.
As the Ferragamo family steps down from its executive roles, the Florentine label has appointed Michele Norsa, who led the company from 2006 to 2016, as executive deputy chairman, alongside CEO Micaela le Divelec Lemmi.
Hammerson Chief Executive Officer David Atkins will step down, the shopping mall owner and operator said on Wednesday, as it faces a crisis spurred by coronavirus-induced shop closures and a collapse in rent.
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