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.
The very public apology made by Frasers CEO Mike Ashley on Friday underlines the importance of good PR during the coronavirus crisis and an analyst has said that "exemplary ethics will pay off" once the outbreak is over.
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.
The e-tailer is donating 10,000 FDA-approved masks to two hospitals located in Los Angeles that need protective equipment, and has an additional stock of 20,000 masks ready to be distributed to other hospitals in need.
The shopping centre owner, whose portfolio of leading retail destinations include Brent Cross, Grand Central and the Bullring, is observing the government’s ban on all non-essential travel within the UK.
Adrian Cheng has launched a new campaign: #LoveWithoutborders, through which he will be donating 1.5 million surgical masks to France, Italy and the United Kingdom. Plus, he is developing new NanoTechnolgy masks.
The coronavirus pandemic will cause a global recession in 2020 that could be worse than the global financial crisis of 2008-2009, but the world’s economic output should recover in 2021, the IMF said Monday.
Grosvenor, which owns hundreds of commercial units in London’s Mayfair and Belgravia, has stepped up its response to the Covid-19 pandemic, announcing a support package for retail and hospitality tenants.
Target will up the hourly wage of workers in its stores and distribution centers, and donate $10 million to expand assistance related to the pandemic, marking Target's largest donation ever to a single relief effort.