Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
WGSN and Euromonitor have tried to decipher the new consumption modes emerging in the aftermath of the Covid-19 crisis, outlining the profiles of consumers who are both global and local, wary and optimistic.
Well known for its mismatched sneakers, the Caval brand has announced the June launch of a new unisex collection made of apple leather, a recycled substitute for traditional leather that is also vegan.
Having been acquired by MF Brands last year, the French label has recruited Tom Van Dorpe. The Belgian creative director spoke to FashionNetwork.com about his return to Europe and his new role at the brand.
Amazon.com Inc's India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been inside for two months in a lockdown to fight the coronavirus outbreak.
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.
Fast Retailing said on Friday that it’s pulling its GU chain out of the South Korean market later this summer. It will close all three of its GU stores in the country, less than two years after it opened there.
Australian discount department store retailer Target could see up to 75 of its stores being closed and many others converted to another of its owner’s banners. Over 1,000 jobs will be affected, owner Wesfarmers said.
Burberry was hit hard by the Covid-19 crisis at the end of its last financial year and the impact is continuing in the new year. But it's seeing resurgent demand in key Asian markets and its strategy remains on track.
The digital-first fashion rental service is reportedly seeking $25 million in its latest funding round, which would see the company valued at approximately $750 million, under a previous valuation of $1 billion.
Luxottica will give employees a monitor that alerts them if they are not respecting social distancing rules and keeps track of contacts with people potentially at risk of coronavirus infection, it said on Thursday.