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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
Good PR during crisis is key to post-coronavirus consumer approval says analyst

Good PR during crisis is key to post-coronavirus consumer approval says analyst

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.
Fashion
Intu in crisis talks to avoid collapse, could sell some UK malls

Intu in crisis talks to avoid collapse, could sell some UK malls

Lakeside owner Intu is seeking emergency support from its lenders and the UK government after news that less than a third of quarterly rents it’s owed have been paid.
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
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
Coty starts making hand sanitizer to help fight Covid-19

Coty starts making hand sanitizer to help fight Covid-19

Production and donations are expected to reach tens of thousands of units per week, the company said, and the sanitizer will go to health care workers free of charge. 
Beauty
Revolve donates N95 masks to hospitals in need during the fight against Covid-19

Revolve donates N95 masks to hospitals in need during the fight against Covid-19

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. 
Fashion
Retail landlord Hammerson to hold virtual AGM

Retail landlord Hammerson to hold virtual AGM

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.
Lifestyle
Some stores might never reopen says analysts, landlords also at risk

Some stores might never reopen says analysts, landlords also at risk

With thousands of shops across the UK having been forced to close, there have been warnings that some might never reopen, even after the coronavirus lockdown ends.
Fashion
Vanity Fair Italy puts Bergamo doctor on cover of next issue devoted to Italian healthcare heroes

Vanity Fair Italy puts Bergamo doctor on cover of next issue devoted to Italian healthcare heroes

Vanity Fair has devoted its next issue to Italian health care workers, and put a lady doctor from Bergamo on its cover. All the issue's revenue will go to the Papa Giovanni XXIII hospital in Bergamo.
Fashion
Unibail-Rodamco-Westfield slashes dividend

Unibail-Rodamco-Westfield slashes dividend

The shopping centre owner has withdrawn its guidance and will halve its dividend amid rising uncertainty about the duration and impact of the Covid-19 pandemic.
Fashion
Exclusive: Adrian Cheng launches LoveWithoutborders; donates 1.5 million surgical masks to Europe; develops nanotechnology masks

Exclusive: Adrian Cheng launches LoveWithoutborders; donates 1.5 million surgical masks to Europe; develops nanotechnology masks

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.
Fashion
IMF sees pandemic causing global recession in 2020; recovery in 2021

IMF sees pandemic causing global recession in 2020; recovery in 2021

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.
Others
West End landlord Grosvenor launches crisis support package

West End landlord Grosvenor launches crisis support package

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.
Others
Hugo Boss CEO to step down, will be consultant until year-end

Hugo Boss CEO to step down, will be consultant until year-end

Hugo Boss announced on Monday that its CEO Mark Langer is set to step down at the end of September. And it added that “this has been agreed in best mutual consent between Mark Langer and the company”.
Luxury
Target gives over $300 million in response to Covid-19 outbreak

Target gives over $300 million in response to Covid-19 outbreak

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. 
Fashion