Although anti-Covid-19 measures are ongoing, China remains attractive for luxury brands continuing to expand in the region, such Hermès, which has opened a boutique in Wuhan and Missoni, which has opened in Chengdu.
Faced with record inflation, the French government is presenting a bill addressing the cost-of-living crisis on Monday. Perhaps some breathing space for a fashion industry squeezed by spiralling costs and weak demand?
H&M confirmed on Monday that after earlier pausing all sales in Russia, “given current operational challenges and an unpredictable future, it has decided to initiate a process of winding down the business" there.
Frasers Group is never far away from mulling an acquisition, or at least heading the media rumour mill in one. So Monday brought news the UK group may be making a play for online fast-fashion retailer I Saw It First.
Jigsaw has joined the ever-growing list of fashion brands taking the rental and resale route to improving sales/profits/sustainable visibility, launching ‘Jigsaw Forever’ in partnership with luxury platform My Wardrobe.