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LVMH says Q1 sales could decline by "10 pct to 20 pct" vs Q1 2019
Louis Vuitton owner LVMH said on Friday it could “accurately” calculate at this stage the impact of the closures of production sites and stores linked to the coronavirus outbreak around the world.
Luxury
Business
'This is a war and we want to survive,' says Polish retailer
Polish fashion retailers may not survive the coronavirus crisis if the government, banks and shopping mall owners do not help them bear the costs, a lobby group said on Friday.
Fashion
Retail
U.S. consumer spending, inflation moderate in February
U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the coronavirus pandemic upending life for Americans.
Fashion
Business
AMI contributes to WHO and Hospitals de Paris
AMI has become the latest Paris fashion house to contribute to the fight to contain Covid-19., contributing 10% of all online purchases on Amiparis.com to the funding the World Health Organization’s Covid-19 response.
Fashion
Industry
Design
H&M starts protective face mask production at Chinese supplier
Sweden's H&M , the world's second-biggest fashion retailer, said on Friday it had started production of protective face masks for hospital staff and would ship the first batches to Spain and Italy.
Fashion
Industry
Coronavirus kindness: Fashion museums and institutes give back
While fashion museums have had to close and even postpone the launch of upcoming exhibitions and events, many are getting creative and going digital to bring their exclusive work to people around the globe.
Luxury
Retail
Sewing machines become latest weapon against coronavirus as California volunteers swing into action
A growing number of people are eager to answer desperate calls from healthcare workers on social media and community forums asking for assistance in acquiring masks, gloves and other equipment.
Fashion
Design
Fogal poised for a renaissance, hunkers down during the pandemic
There is nothing like a centenary to focus attention on a brand, especially one on the mend, like Fogal, considered by many as the nec plus ultra of legwear. A brand poised for a notable renaissance, post-coronavirus.
Fashion
Design
Appointments
Shandong Ruyi votes out top execs at Japan's Renown
Japanese apparel maker Renown Inc said the company’s top executives were voted out of its board on Thursday by China’s Shandong Ruyi, its parent company.
Fashion
Appointments
Swiss group Calida to pay no dividend for 2019, names new president
The Swiss group, owner of Lafuma and Aubade, will not pay any dividend for the 2019 financial year due to Covid-19 disruption. It has also named Hans-Kristian Hoejsgaard as president.
Fashion
Appointments
Under Armour chief product officer Kevin Eskridge to exit
Eskridge, who will be leaving the company in August to pursue other interests, first joined Under Armour in 2009, and began as chief product officer in May 2017.
Fashion
Appointments
Pandora poaches H&M chief as CCO
Martino Pessina is set to leave H&M to become the new chief commercial officer at Pandora, the Danish jewellery firm announced on Tuesday.
Luxury
Appointments
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