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Business

H&M to pay suppliers in full for orders fulfilled, but halts new orders

H&M to pay suppliers in full for orders fulfilled, but halts new orders

Swedish giant H&M Group has told suppliers in Bangladesh and other manufacturing countries that they will receive payment for the orders they have already fulfilled or begun and it won't expect discounts. 
Fashion
Industry
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
Industry

Intu talks tough with bigger brands on rents

Intu is refusing to let some larger "well-capitalised" tenants avoid paying store rents and service charges during the Covid-19 crisis, saying that it doesn't have the "financial capacity to bankroll" global brands.
Fashion
Retail

Landsec says Covid-19 is hurting it but it has plenty of cash

Property giant Land Securities, which includes Bluewater among its flagship sites, said on Thursday that it has received two-thirds of the rents it's owed and is financially robust.
Fashion
Retail

Trade shows

Paris June trade shows cancelled due to Covid-19

Paris June trade shows cancelled due to Covid-19

The organisers of the fashion trade shows usually held in Paris in June have published a joint release announcing their cancellation due to the "unprecedented context of the global health crisis."
Fashion
Trade shows
Outdoor by ISPO, Performance Days trade shows cancelled

Outdoor by ISPO, Performance Days trade shows cancelled

Sport and outdoor apparel shows Performance Days and Outdoor by ISPO will not be held in Munich in April and June due to the Covid-19 pandemic, though the former event is staging a virtual show.
Fashion
Trade shows

Milan Furniture Fair postponed to April 2021

Milan’s internationally renowned home decoration and design trade fair has suspended its 2020 edition due to the Covid-19 emergency, rescheduling it to April 13-18 2021, when it will celebrate its 60th anniversary.
Lifestyle
Trade shows

Moda delayed, will run with Autumn Fair in September

The organiser of UK trade show Moda said on Tuesday that it has pushed the date of the SS21 event back to September from August. It will take place from September 6-8 at The NEC in Birmingham. 
Fashion
Trade shows