The Council of Fashion Designers of America and Vogue have successfully raised over $4 million in relief funding through A Common Thread, the initiative put together to support the U.S. fashion community during Covid-19.
L’Oreal said it is counting on consumers rushing back to hair salons to help its business recover quickly once European and U.S. Covid-19 lockdowns are lifted, adding that beauty sales were bouncing back in China.
A number of fashion and beauty industry players announced initiatives to support Covid-19 relief on Wednesday, with Estée Lauder and PVH both pledging $2 million, while VF revealed a donation of $1.5 million.
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.
Store upgrades may not be the most exciting news stories, but they are interesting when those upgrades are reflective of strong trends in the market as with the Jo Malone upgrade as St David's in Cardiff.
Revlon Inc said on Monday it expected to save up to $230 million a year by 2022 end, mainly by eliminating nearly 1,000 positions, in a bid to improve profitability as it continues to explore options with Goldman Sachs.