Global affluent consumers are beginning to question their consumption of luxury goods in the wake of the coronavirus crisis, but the Chinese are still very pro-luxury, even though they're demanding sustainability too.
Schiaparelli kicked off first the ever fully digital Paris haute couture season on Monday with a film which concentrated on its couturier, Daniel Roseberry, since he was marooned in New York throughout the lockdown.
The luxury sector is concerned that there are too many exclusions from the list of countries that don't have to quarantine when arriving in England, including China, the US, Russia and Middle East states.
Hugo Boss has named PVH's Oliver Timm as its new Chief Sales Officer (CSO) as of January 1 next year. He’ll have global responsibility for the firm's own retail operations as well as its wholesale and e-tail businesses.
Harrods is believed to be cutting up to 700 jobs as the fallout from the coronavirus crisis continues to devastate the retail sector. That number would mean up to 14% of its workforce being made redundant.
Belstaff has reopened its Glasgow store this week as Scottish non-essential shops have been allowed to open their doors again for the first time in months and it's using the moment to launch a by-appointment offer.
Salvatore Ferragamo will release on July 28 only its half-year sales data, postponing the remaining financial data for the semester and a conference call with analysts to Sept. 15, the luxury group said on Thursday.
European resale specialist Rebelle said this week that sustainability is the main reason for many consumers buying secondhand and that the Covid-19 crisis has boosted demand for luxury investment pieces.
Swiss travel retail giant Dufry AG on Wednesday launched a restructuring programme designed to cut its staff costs as it works to protect its business following the effects of the coronavirus outbreak globally.