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 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.
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.
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.
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.
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.
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.
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.
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.
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.