Ralph Lauren Corporation has taken additional pre-emptive actions to preserve cash and strengthen its liquidity while navigating the evolving global pandemic. The company said in a statement that measures include managing its expense structure across all key areas of spend, reducing or delaying capital […]

Monsoon Accessorize has announced its trading has been “badly affected” by Covid-19 and as a result is mulling a potential sale of the business. The company said it had been trading well up until the impact of the coronavirus pandemic took its toll on the industry, indicating that the Company Voluntary […]

INTERVIEW Buenos Aires – The postgraduate coordinator at the Marangoni Institute London, Abdullah Abo Milhim, was in Buenos Aires giving a masterclass about the fashion value in the era of big data, analytics and intelligence artificial. With a strong background in finance, economy and luxury products, […]

Austrian skinwear and hosiery specialist Wolford has successfully changed its entire production in its headquarters in Bregenz and factory in Slovenia from tights and bodies to face masks to support global efforts in fighting Covid-19. Since the beginning of March, Wolford’s production facilities have […]

French ophthalmic company EssilorLuxottica SA (ESLOF.PK, ESLOY.PK) Friday said it recorded solid growth in the months of January and February, in line with its full year targets. Due to the evolving coronavirus or COVID-19 pandemic, the company said its outlook for fiscal 2020 is no longer valid. In […]

Sports Direct boss Mike Ashley has said he is “deeply apologetic” for his company’s earlier efforts to keep stores open amid the country’s lockdown and has offered to help the NHS during the pandemic. On Monday evening, prime minister Boris Johnson announced the immediate closure of all ‘non-essential’ […]

In response to the COVID-19 outbreak, Myer Holdings Limited will temporarily close all stores from the close of business on March 29, 2020 for an initial period of four weeks until April 27, 2020. The company said in a statement that Myer will continue to operate all online businesses and has reduced […]

LVMH has announced it has pushed the date of its annual shareholders’ meeting scheduled for next month back to the end of June due to the Covid-19 pandemic. The French luxury conglomerate, whose portfolio includes brands Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy and Fenty, said in […]

President of Geox, Mario Moretti Polegato and his son, Enrico Moretti Polegato, president of Italian sportswear brand Diadora, have donated one million euros to the Veneto Region in Italy to help manage the health care emergency caused by the coronavirus outbreak. In a statement, Mario Moretti Polegato […]

ANALYSISNew York – China was the first market severely affected by the novel coronavirus pandemic, offering a great example not only in terms of how to fight the virus outbreak but also regarding the many ways the retail industry has watered the crisis. From WeChat private groups to live-streaming shows, […]

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