A busy weekend of action at the virtual Paris Fashion Week, where most of the online videos were shot thousands of miles away from the French capital. We look at five of the most notable houses over this past 48 hours.
HBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store’s e-commerce segment as a separate business following a $500 million infusion from a U.S. private equity firm.
The American retail giant has announced that it plans to support national manufacturers with $350 billion in added business over the next decade, with focus areas including textiles and small electrical appliances.
Finally, Paris Fashion Week had an actual live catwalk show. A drive-in runway event witnessed Thursday night by a few score of editors and influencers from inside Citroen DS7s and staged inside the AccorArena.
Building work will begin at the end of 2021, and the Catalan fashion group’s new Barcelona-based facilities will be fully operational in 2024. The new R&D and innovation centre will extend over an area of 93,400 m2.
This is a physical trading platform to keep an eye on. With the first Amazon tech-driven store opening in the UK Thursday, latest research from Mintel reveals that 76% of Brits say they would shop at one.