Pyer Moss, Kering, Nike, Estée Lauder and L'Oréal USA have all announced new and updated commitments to providing support, as the state of New York experiences its hardest day of the Covid-19 outbreak.
Ralph Lauren Corp said on Tuesday it drew down $475 million from an existing credit line and stopped share buybacks, as it looks to beef up cash reserves to cope with the financial blow from the coronavirus pandemic.
Website LoveTheSales.com has carried out artificial intelligence-based analysis of Intagram and its influencers and said white T-shirt dresses accessorised with hats and handbags are top for generating likes.
Kering, the world’s second largest luxury conglomerate, has decided to postpone its annual shareholders meeting, the latest major publicly quoted company in fashion to delay its ASM in the wake of coronavirus.
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.
The French luxury giant, which owns Gucci and Saint Laurent, among other brands, predicts a 15% decrease in comparable sales in the first quarter ending March 31, as the ongoing Covid-19 pandemic takes its toll.
CEOs and designers in Paris fashion are praising Emmanuel Macron for taking decisive action this week in the struggle to control corona virus, even as the industry braces for a disastrous second quarter.