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CFDA cancels Resort 2021 and postpones men's shows

CFDA cancels Resort 2021 and postpones men's shows

The CFDA, along with New York Men’s Day, Liberty Fairs and Project, has decided to postpone the June men’s shows and are working with the tradeshows to align on future dates.
Fashion
LVMH says Q1 sales could decline by "10 pct to 20 pct" vs Q1 2019

LVMH says Q1 sales could decline by "10 pct to 20 pct" vs Q1 2019

Louis Vuitton owner LVMH said on Friday it could “accurately” calculate at this stage the impact of the closures of production sites and stores linked to the coronavirus outbreak around the world.
Luxury
Paris and Milan postpone menswear and haute couture seasons

Paris and Milan postpone menswear and haute couture seasons

The governing fashion bodies in France and Italy have decided to postpone their next menswear seasons and the Paris haute couture runway season this summer.
Fashion
Petra Diamonds suspends 2020 production outlook

Petra Diamonds suspends 2020 production outlook

Africa-focussed miner Petra Diamonds on Friday suspended its production forecast for fiscal 2020 and said it was in "active talks" for near-term financing, amid worries over the worsening coronavirus crisis.
Luxury
Geneva Watch Days show postponed to end August

Geneva Watch Days show postponed to end August

The new watch industry show, promoted by a pool of brands led by Bulgari CEO Jean-Christophe Babin, and initially scheduled in Geneva for the end of April, will be held on August 26-29 due to the Covid-19 pandemic.
Luxury
Valentino Garavani and Giancarlo Giammetti donate €1 million to Covid-19 relief

Valentino Garavani and Giancarlo Giammetti donate €1 million to Covid-19 relief

Designer Valentino Garavani and his business partner Giancarlo Giammetti are donating €1 million to support the fight against the coronavirus, the latest Italian designers to join the struggle against the pandemic.
Fashion
British Fashion Council launches Covid-19 fund to support designers

British Fashion Council launches Covid-19 fund to support designers

The British Fashion Council (BFC) said on Friday that it's launching a new crisis fund to support creative businesses and individuals during the Covid-19 outbreak. 
Fashion
Tapestry extends store closures, boosts financial flexibility on ramped up Covid-19 relief effort

Tapestry extends store closures, boosts financial flexibility on ramped up Covid-19 relief effort

The company is working to support its staff, contribute to pandemic relief efforts, and boost its financial flexibility by drawing down from its revolving credit facility, suspending its quarterly cash dividend and more.
Luxury
Coronavirus kindness: Fashion museums and institutes give back

Coronavirus kindness: Fashion museums and institutes give back

While fashion museums have had to close and even postpone the launch of upcoming exhibitions and events, many are getting creative and going digital to bring their exclusive work to people around the globe. 
Luxury
Ralph Lauren to donate $10 million to Covid-19 relief

Ralph Lauren to donate $10 million to Covid-19 relief

Ralph Lauren has joined the fashion community in its support for the struggle against Covid-19, with a multi-faceted $10 million donation to several organizations.
Fashion
Fashion e-tailers refute social distancing criticism, Next, Net-A-Porter shut e-stores

Fashion e-tailers refute social distancing criticism, Next, Net-A-Porter shut e-stores

UK fashion e-tail is facing a steady shutdown as some well-known names respond to criticism of the efforts they’re making to keep warehouse staff and other workers safe.
Fashion
Intu says just 29% of rents are paid, Puerto Venecia sale completion delayed

Intu says just 29% of rents are paid, Puerto Venecia sale completion delayed

Struggling malls giant Intu issued a further update on Thursday and said that all of its centres in the UK and Spain “are operating on a semi-closed basis”. And many rents remain unpaid by its tenants
Fashion
LVMH reschedules annual shareholders' meeting to June 30

LVMH reschedules annual shareholders' meeting to June 30

As the Covid-19 pandemic continues to impact business, consumer spending and events within the fashion industry, LVMH has moved its annual shareholders' meeting, originally scheduled for April 16, to the end of June. 
Luxury
Canada Goose, Gap to produce medical gear in fight against Covid-19

Canada Goose, Gap to produce medical gear in fight against Covid-19

Toronto-based luxury parka maker Canada Goose and casual wear group Gap Inc are joining dozens of other fashion brands in the fight against Covid-19.
Luxury
Prada and UNESCO postpone start of the Sea Beyond Project

Prada and UNESCO postpone start of the Sea Beyond Project

As a precautionary measure against Covid-19, Prada and UNESCO’s Intergovernmental Oceanographic Commission have decided to postpone the launch of the Sea Beyond project.
Luxury
Condé Nast pushes luxury conference back three months to end July

Condé Nast pushes luxury conference back three months to end July

The next Condé Nast Luxury Conference, scheduled for April, has been pushed back three months to end July, the latest major postponement in fashion due to impact of the coronavirus pandemic.
Fashion