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LVMH says Q1 sales could decline by "10 pct to 20 pct" vs Q1 2019

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
Geneva Watch Days show postponed to end August

Geneva Watch Days show postponed to end August

The new watch industry show, promoted by a pool of brands led by Bulgari CEO Jean-Christophe Babin, and initially scheduled in Geneva for the end of April, will be held on August 26-29 due to the Covid-19 pandemic.
Luxury
Paris and Milan postpone menswear and haute couture seasons

Paris and Milan postpone menswear and haute couture seasons

The governing fashion bodies in France and Italy have decided to postpone their next menswear seasons and the Paris haute couture runway season this summer.
Fashion
Valentino Garavani and Giancarlo Giammetti donate €1 million to Covid-19 relief

Valentino Garavani and Giancarlo Giammetti donate €1 million to Covid-19 relief

Designer Valentino Garavani and his business partner Giancarlo Giammetti are donating €1 million to support the fight against the coronavirus, the latest Italian designers to join the struggle against the pandemic.
Fashion
British Fashion Council launches Covid-19 fund to support designers

British Fashion Council launches Covid-19 fund to support designers

The British Fashion Council (BFC) said on Friday that it's launching a new crisis fund to support creative businesses and individuals during the Covid-19 outbreak. 
Fashion
Tapestry extends store closures, boosts financial flexibility on ramped up Covid-19 relief effort

Tapestry extends store closures, boosts financial flexibility on ramped up Covid-19 relief effort

The company is working to support its staff, contribute to pandemic relief efforts, and boost its financial flexibility by drawing down from its revolving credit facility, suspending its quarterly cash dividend and more.
Luxury
Coronavirus kindness: Fashion museums and institutes give back

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
Ralph Lauren to donate $10 million to Covid-19 relief

Ralph Lauren to donate $10 million to Covid-19 relief

Ralph Lauren has joined the fashion community in its support for the struggle against Covid-19, with a multi-faceted $10 million donation to several organizations.
Fashion
Fashion e-tailers refute social distancing criticism, Next, Net-A-Porter shut e-stores

Fashion e-tailers refute social distancing criticism, Next, Net-A-Porter shut e-stores

UK fashion e-tail is facing a steady shutdown as some well-known names respond to criticism of the efforts they’re making to keep warehouse staff and other workers safe.
Fashion
LVMH reschedules annual shareholders' meeting to June 30

LVMH reschedules annual shareholders' meeting to June 30

As the Covid-19 pandemic continues to impact business, consumer spending and events within the fashion industry, LVMH has moved its annual shareholders' meeting, originally scheduled for April 16, to the end of June. 
Luxury
Canada Goose, Gap to produce medical gear in fight against Covid-19

Canada Goose, Gap to produce medical gear in fight against Covid-19

Toronto-based luxury parka maker Canada Goose and casual wear group Gap Inc are joining dozens of other fashion brands in the fight against Covid-19.
Luxury
Prada and UNESCO postpone start of the Sea Beyond Project

Prada and UNESCO postpone start of the Sea Beyond Project

As a precautionary measure against Covid-19, Prada and UNESCO’s Intergovernmental Oceanographic Commission have decided to postpone the launch of the Sea Beyond project.
Luxury
Condé Nast pushes luxury conference back three months to end July

Condé Nast pushes luxury conference back three months to end July

The next Condé Nast Luxury Conference, scheduled for April, has been pushed back three months to end July, the latest major postponement in fashion due to impact of the coronavirus pandemic.
Fashion
EssilorLuxottica says Essilor targeted by cyberattack

EssilorLuxottica says Essilor targeted by cyberattack

EssilorLuxottica said on Wednesday Essilor had been subject of a cyberattack on March 21 which disrupted access to some of its group servers and computers.
Fashion
Fogal poised for a renaissance, hunkers down during the pandemic

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
Luxe body Walpole works to create ‘virtual Bond Street’

Luxe body Walpole works to create ‘virtual Bond Street’

The trade body for the British luxury sector has launched a campaign to help high-end brands drive online sales during the lockdown.
Luxury