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. 

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.

Having been acquired by MF Brands last year, the French label has recruited Tom Van Dorpe. The Belgian creative director spoke to FashionNetwork.com about his return to Europe and his new role at the brand.

Fashion may have struggled to gain traction with cautious consumers during the UK lockdown but one key group has been buying enthusiastically — students.

In a letter sent to staff, CEO Mike Ashley said that stores could start to reopen from 1 June and revealed that most employees will continue to receive 100% of their pay during May.

Fast Retailing said on Friday that it’s pulling its GU chain out of the South Korean market later this summer. It will close all three of its GU stores in the country, less than two years after it opened there.

Shulman, who served as editor-in-chief of British Vogue for 25 years, joins the company as it looks to expand its online platform for independent boutiques in the US.

Australian discount department store retailer Target could see up to 75 of its stores being closed and many others converted to another of its owner’s banners. Over 1,000 jobs will be affected, owner Wesfarmers said.

The Moss Bros takeover saga is continuing with its now-unwilling suitor saying it will appeal against a ruling telling it the deal must go ahead.

Burberry was hit hard by the Covid-19 crisis at the end of its last financial year and the impact is continuing in the new year. But it's seeing resurgent demand in key Asian markets and its strategy remains on track.

The Goleta, California-based footwear, accessories and apparel company announced declines in its fourth-quarter sales and earnings on Thursday, a disappointing conclusion to an otherwise strong year.

The digital-first fashion rental service is reportedly seeking $25 million in its latest funding round, which would see the company valued at approximately $750 million, under a previous valuation of $1 billion.

U.S. apparel chain Gap Inc is speeding up its rollout of warehouse robots for assembling online orders so it can limit human contact during the coronavirus pandemic, the company said on Thursday.

H&M is focusing heavily on materials with the announcement of “new fabric technology that helps men stay cool”. It’s also launching a new dress offer next month made from “recycled and sustainably-sourced materials”.

M&S has named a new e-tail head as it works on a £1bn recovery plan that involves ramping up its e-tail operations, selling clothing via Ocado and adding third-party brands to its webstore and physical shops.

The British Fashion Council (BFC) and Council of Fashion Designers of America (CFDA) have joined forces to call for a new approach and new ways of thinking once the coronavirus crisis has passed.