Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
Farfetch saw its revenue almost doubling in the first quarter as lockdowns meant online was the only option for luxury fashion shoppers. The firm remains loss-making but says it's still on target for profits next year.
A group of fashion CEOs, retailers and designers, including luminaries like Dries Van Noten, Tory Burch and Craig Green, have called for a major rethink in fashion deliveries and greater sustainability in an open letter.
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.
India's gold consumption in 2020 could fall as much as 50% from a year ago to the lowest level in nearly three decades as a nationwide lockdown has closed jewellery stores during key festivals and the wedding season.
The Barcelona-based showcase dedicated to bridal fashion, has officially been postponed. Originally scheduled for 20-26 April, Valmont Barcelona Bridal Fashion Week will now take place on 8-14 June at Recinto Montjuïc.
Large numbers of fashion week and trade show organisers may be cancelling events due to happen over the next few weeks, but on Tuesday, the organiser of London Bridal Fashion Week said it will go ahead as planned.
The French bridal wear leader is set to cease trading. Two bids to buy Pronuptia had been filed, but the court in Laval, France, rejected both, and ruled the company, which has 234 employees, is to be liquidated.
One year ago, Tom Ford became Chairman of the Council of Fashion Designers of America, as the industry heralded a new dawn for NYC fashion. However, 12 months later, the season is strikingly denuded of many major names.