After being forced to halt production for weeks, the luxury industry's supply chain is slowly restarting in Italy and France. The system has been battered by the Covid-19 pandemic, with many sub-contractors struggling.
Styling app Drest has recruited industry leading make-up artist Mary Greenwell, who has ongoing collaborations with Chanel and Armani, to create a digital make-up portfolio for the luxury fashion game.
Francois-Henri Pinault, the head of French group Kering, has agreed to give up a quarter of his fixed wages for the rest of the year and the entirety of his variable compensation for 2020, the company said Friday.
Pyer Moss, Kering, Nike, Estée Lauder and L'Oréal USA have all announced new and updated commitments to providing support, as the state of New York experiences its hardest day of the Covid-19 outbreak.
Like many brands, some luxury labels are producing online content to dispel the gloom in these times of isolation, for example Bottega Veneta with a multi-media project, and Salvatore Ferragamo with a trivia quiz.
Kering, the world’s second largest luxury conglomerate, has decided to postpone its annual shareholders meeting, the latest major publicly quoted company in fashion to delay its ASM in the wake of coronavirus.
The French luxury giant, which owns Gucci and Saint Laurent, among other brands, predicts a 15% decrease in comparable sales in the first quarter ending March 31, as the ongoing Covid-19 pandemic takes its toll.
CEOs and designers in Paris fashion are praising Emmanuel Macron for taking decisive action this week in the struggle to control corona virus, even as the industry braces for a disastrous second quarter.
The French luxury group will internalise part of the embroidery work handmade in India by some of its sub-contractors, to boost the group’s expertise in the field and improve local workplace conditions.