Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
M&S has plans to hibernate some of its SS20 stock as it reveals a big sales hit due to the pandemic. But the firm is upbeat and says Clothing & Home is progressing, even though fashion retail will change post-crisis.
Farfetch saw its revenue almost doubling in the first quarter as lockdowns meant online was the only option for luxury fashion shoppers. The firm remains loss-making but says it's still on target for profits next year.
The Havaianas brand, which is known all over the world for its rubber flip-flops, has opened a new chapter in its history with the launch of its first ready-to-wear collection for the 2020 spring-season.
A group of fashion CEOs, retailers and designers, including luminaries like Dries Van Noten, Tory Burch and Craig Green, have called for a major rethink in fashion deliveries and greater sustainability in an open letter.
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.
The cancellation of 2020's Love Island due to the coronavirus could be both a blow and a blessing for retailers that sponsor it. No show means no sales boost, but it also means saving on marketing spend.
Loungewear, active clothing, lingerie and swim are key focuses for consumers under lockdown as they seek comfort while working (and working out) at home and also look forward to post-lockdown holidays.