Disruptor US eyewear brand Privé Revaux has expanded into Europe, having struck an exclusive deal with retailer GrandVision for its chains in the UK, Germany, Poland, Belgium, the Netherlands and Turkey.
As it becomes clear that store closures will continue for longer than anticipated, companies including AEO, Caleres, Lululemon and Ulta Beauty have announced further measures to preserve their financial liquidity.
Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter.
EU antitrust regulators are focusing on the impact of Ray-Ban maker EssilorLuxottica's 7.2 billion euro bid for Dutch opticians group GrandVision in Italy and Britain, according to an EU document seen by Reuters.
The retailer reported disappointing Q4 and full-year results on Thursday and announced the appointment of Traci Inglis as its new CEO, as well as a range of measures being taken to combat the spread of Covid-19.
Payments processor PayPal Holdings Inc said on Thursday it expects first-quarter revenue to be at the lower end of its previously forecast range, as online transactions globally took a hit from the coronavirus outbreak.