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Asos names McKinsey's Patrik Silén to strategy role

Asos names McKinsey's Patrik Silén to strategy role

The company has named Patrik Silén its Chief Strategy Officer, reporting to CEO Nick Beighton, the appointment being the third in a series of new hires “designed to strengthen the senior management team”.
Fashion
Asos raises £247m in share placing, Bestseller buys more shares

Asos raises £247m in share placing, Bestseller buys more shares

The news continued to pour out of Asos on Wednesday with the firm announcing the results of its share placing and the hundreds of millions of pounds it generated. 
Fashion
H&M in talks to support Bangladesh workers as lockdowns hit livelihoods

H&M in talks to support Bangladesh workers as lockdowns hit livelihoods

Fashion giant H&M said on Tuesday it is working with other companies to support garment workers in Bangladesh, where more than 2 million have been hit by factory closures as coronavirus lockdowns hit orders.
Fashion
VF, PVH and TJX look to deal with coronavirus disruption through further cuts and furloughs

VF, PVH and TJX look to deal with coronavirus disruption through further cuts and furloughs

Since the beginning of the week, companies including Genesco, PVH, VF and TJX have announced a range of new measures designed to preserve their liquidity during the ongoing Covid-19 crisis.
Fashion
Macy's CFO to step down after just under 2 years

Macy's CFO to step down after just under 2 years

The department store operator announced on Tuesday that EVP and chief financial officer Paula Price will be leaving the company as of May 31, 2020, and revealed that it has begun an external search for her replacement.
Fashion
Maria Grazia Chiuri finds a safe space to create with la famiglia in Rome

Maria Grazia Chiuri finds a safe space to create with la famiglia in Rome

At a moment of compulsory cocooning due to the curse of Covid-19, Maria Grazia Chiuri, creative director of Christian Dior, has been doing things very much in the Italian way. She hunkered down with la famiglia in Rome.
Fashion
Asos strong despite Covid-19 sales drop, raises extra cash to keep it on top

Asos strong despite Covid-19 sales drop, raises extra cash to keep it on top

Asos had plenty to talk about on Tuesday evening as it updated the markets on the coronavirus impact, released half-year results and announced it's raising extra cash. The overall message was one of strength. 
Fashion
Primark furloughs store employees and introduces pay cuts for HQ staff

Primark furloughs store employees and introduces pay cuts for HQ staff

Primark has revealed further measures to tackle the impact of the Covid-19 pandemic, including putting all store employees on furlough and introducing pay cuts across its HQ and office functions for the next 12 weeks.
Fashion
Boohoo, Asos shares leap on anecdotal evidence about sales spikes

Boohoo, Asos shares leap on anecdotal evidence about sales spikes

Boohoo is one of the few big-name UK fashion retailers not to have updated the market on its trading. And in the absence of guidance, it seems worker comments about booming sales are being leapt on by share buyers.
Fashion
Della Valle family launch Sempre con Voi;  €5 million for bereaved families of health workers

Della Valle family launch Sempre con Voi; €5 million for bereaved families of health workers

The Della Valle family –  the owners of Tod’s and Schiaparelli – have launched a new project, Sempre con Voi, to aid the bereaved family members of health professionals with a €5 million donation.
Fashion
Loungewear, future holidays are key for fashion consumers browsing at home

Loungewear, future holidays are key for fashion consumers browsing at home

Loungewear, active clothing, lingerie and swim are key focuses for consumers under lockdown as they seek comfort while working (and working out) at home and also look forward to post-lockdown holidays.
Fashion
Levi Strauss to invest $3 million in fight against Covid-19

Levi Strauss to invest $3 million in fight against Covid-19

The American fashion group has announced that it is donating its stocks of medical-grade masks to health workers around the world, and revealed that it is investing an initial parcel of $3 million in relief efforts.
Fashion
S.Africa's Woolworths warns of likely 20% profit fall

S.Africa's Woolworths warns of likely 20% profit fall

South African retailer Woolworths expects profit for the 52 weeks to June 28 to fall more than 20% year on year, hit by a drop in sales owing to measures to prevent the spread of the coronavirus.
Fashion
European e-tailers threatened by inventory surplus issues

European e-tailers threatened by inventory surplus issues

As the Covid-19 crisis continues, half of Europe’s e-tailers have been hit, or expect to be hit by inventory surplus issues. Unsurprisingly, the fashion, luxury and cosmetics sectors are said to be especially affected.
Fashion
Alessandro Dell’Acqua on creative cocooning; Covid-19’s aftermath and self-absorbed influencers

Alessandro Dell’Acqua on creative cocooning; Covid-19’s aftermath and self-absorbed influencers

Few designers were busier than Alessandro Dell’Acqua when coronavirus cruelly claimed its first victims in Milan and Paris, at the same time as the women’s ready-to-wear seasons in Europe. 
Fashion
Go Outdoors rebrands as Go Indoors for campaign during lockdown

Go Outdoors rebrands as Go Indoors for campaign during lockdown

Go Outdoors has temporarily rebranded itself as Go Indoors as part of a campaign urging consumers to stay at home, and launched a series of online activities to inspire families during the lockdown. 
Fashion