Simon Property Group Inc, the biggest U.S. mall operator, said on Wednesday it was ending its $3.6 billion deal to buy Taubman Centers Inc, citing the beating the retail sector has taken during the Covid-19 pandemic.
Digital wholesale platform JOOR said on Wednesday that it will power key fashion industry events London Fashion Week next month and Premium Berlin in July, as well as a number of autumn fashion events.
Trade show organisers have been forced to cancel the events planned for June, and are reviewing their plans. Among the options, postponements and ramped-up virtual solutions, as the end of lock-down remains uncertain.
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.
Zalando is diving deeper into high-end fashion with news on Thursday that the company is adding to its Premium offer and aims to triple the gross merchandise value (GMV) of the premium and luxury segment by 2023.
The Galeries Lafayette group has set up a job protection plan for the 240 employees of its Guérin jewellery brand, which will be jettisoned in the group’s jewellery division’s overhaul following Maubossin's acquisition.