China's move to suspend Ant Group's $37 billion listing is "necessary, reasonable and legal," given rising concerns over risks to financial stability, a Chinese newspaper cited an expert as saying on Wednesday.
Inditex’s flagship brand is expanding in Asia with the opening of its largest regional store in Beijing. The new location spreads across 3,500 sq m over four floors. Zara first launched in China in 2004.
With June's menswear fashion weeks cancelled, Italy's Camera della Moda has announced the organisation of "Milano Digital Fashion Week" from 14 to 17 July. Paris has planned its own digital event from 9 to 13 July.
U.S. brand Lululemon issued statements on Tuesday apologising for, and distancing itself from, a T-shirt design promoted by one of its art directors that triggered outrage and accusations of racism online.
Alibaba Group Holding Ltd said it will invest 200 billion yuan ($28 billion) in its cloud infrastructure over three years, following a boom in demand for business software as the coronavirus outbreak peaked in China.
Like many brands, some luxury labels are producing online content to dispel the gloom in these times of isolation, for example Bottega Veneta with a multi-media project, and Salvatore Ferragamo with a trivia quiz.
The Paris Fashion Week, with its related events and trade shows, ended on March 3 with a slump in attendance. But the Covid-19 epidemic has since escalated in France, suggesting the result should be put in perspective.
The Paris women's ready-to-wear week scheduled from February 24 to March 3 promises to be an exciting blend of fresh talent and leading names, with debut shows by Noir and Coperni, and a rejuvenated Kenzo.