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Mayhoola donates €1 million to emergency field hospital in Madrid

Mayhoola donates €1 million to emergency field hospital in Madrid

Mayhoola, the group that controls Valentino, Balmain and Pal Zileri, has made a €1 million donation to the fight against Covid-19. It follows a major donation in Italy by the Qatari-based investment vehicle.
Fashion
PVH donates $1 million to Covid-19 relief

PVH donates $1 million to Covid-19 relief

Some $100,000 of the donation will go to the Covid-19 Solidarity Response Fund, while a separate donation of 2 million RMB ($275,000) was made to the Chinese Society of the Red Cross.
Luxury
Fashion: creating unique content, not clothes, as a morale booster during the Covid-19 pandemic

Fashion: creating unique content, not clothes, as a morale booster during the Covid-19 pandemic

Fashion houses have begun reaching out to their massive global communities via social media to encourage creativity at home, healthy living and inter-connectivity during the global lockdown caused by coronavirus.
Fashion
Browns launches exclusive ATP Atelier sandal

Browns launches exclusive ATP Atelier sandal

The luxury retailer has teamed up with Stockholm-based accessories brand ATP Atelier to create an exclusive platform sandal for the summer. Made from vegetable tanned vacchetta, the Melitto comes in both black and white.
Luxury
Isabel Marant designs exclusive capsule collection for Mytheresa

Isabel Marant designs exclusive capsule collection for Mytheresa

Launching this Wednesday, 1 April, the 17-piece collection emphasises easy, versatile pieces that can go from day to night with a selection of dresses, high-waisted shorts and denim and accessories.
Luxury
Frasers Group execs take big pay cut as crisis continues

Frasers Group execs take big pay cut as crisis continues

Frasers Group, the owner of Sports Direct, Flannels, Jack Wills and House of Fraser, has said that its executive team will take lower salaries during the coronavirus crisis.
Fashion
European tourist retail dented by Covid-19 says Planet

European tourist retail dented by Covid-19 says Planet

The massive impact of Covid-19 on tourist spending was made clear this week as international payments provide Planet issued figures showing the economic impact of the virus on European retail during February. 
Luxury
Ralph Lauren draws down $475 million from credit line; to manufacture masks, gowns on Covid-19 fight

Ralph Lauren draws down $475 million from credit line; to manufacture masks, gowns on Covid-19 fight

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.
Luxury
The most surprising collaboration of the season comes from Etudes x Wikipedia

The most surprising collaboration of the season comes from Etudes x Wikipedia

The collaboration between the Études label and the free online encyclopedia Wikipedia has taken shape with the launch of a collection of ready-to-wear and accessories.
Fashion
Dior reopens its Baby Dior ateliers to make surgical masks

Dior reopens its Baby Dior ateliers to make surgical masks

Christian Dior has reopened its Baby Dior ateliers to produce surgical masks, the latest LVMH company to start creating vital product in the fight against Coronavirus.
Luxury
YNAP donates London high-end delivery fleet to help in pandemic

YNAP donates London high-end delivery fleet to help in pandemic

Yoox Net-A-Porter said on Tuesday that its Premier Delivery Service fleet “has been donated to charity, to support vulnerable and socially isolated communities”. 
Luxury
W Magazine furloughs majority of staff, suspends print

W Magazine furloughs majority of staff, suspends print

The Future Media Group-owned publication has suspended its print edition indefinitely, and those who work on W's online edition will continue to work with reduced salaries. 
Luxury
EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay

EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay

EssilorLuxottica is suspending its dividend due to the coronavirus pandemic, it said Monday, adding its annual shareholder meeting has been delayed and its Essilor chief executive officer, Laurent Vacherot, has retired.
Fashion
French luxury group Hermes reduces proposed dividend

French luxury group Hermes reduces proposed dividend

French luxury goods group Hermes said on Monday it has decided to trim its planned 2020 dividend to shareholders in response to the coronavirus outbreak.
Luxury
Neiman Marcus to furlough nearly 14,000 workers amid virus crisis

Neiman Marcus to furlough nearly 14,000 workers amid virus crisis

Luxury retailer Neiman Marcus said on Monday it would furlough most of its about 14,000 workers, as the coronavirus crisis forced it to close all stores till the end of April.
Luxury
Coronavirus leads to further cancellations and postponements of international events

Coronavirus leads to further cancellations and postponements of international events

Monte-Carlo Fashion Week 2020, the 1.618 Biennale and the OpenMyMed Prize 2020-21 are the latest international events to announce their postponement, while the Milan Furniture Fair has cancelled its 2020 edition.
Fashion