UK ‘non-essential’ stores have a specific date for when they’ll be able to reopen, June 15, if they have safety measures in place. The question is, whether consumers will return or are they now anti-fashion?
HFR will host a virtual fundraiser in order to build funds for Icon 360, a nonprofit made to provide relief to designers of color who are pivoting their businesses in response to Covid-19 and need funding to scale.
One day after Alessandro Michele, creative director of Gucci, revealed on Instagram that the brand would in future stage only two shows per year, the designer called for a reformulation of the fashion calendar.
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.
Gucci’s creative director Alessandro Michele has announced, via Instagram, that the Italian brand will abandon the official runway season, and will instead stage only two shows per year in for the foreseeable future.
As previously announced, Brunello Cucinelli is stepping down from his label's day-to-day running: he remains executive president and creative director, while Luca Lisandroni and Riccardo Stefanelli are the new co-CEOs.
Burberry was hit hard by the Covid-19 crisis at the end of its last financial year and the impact is continuing in the new year. But it's seeing resurgent demand in key Asian markets and its strategy remains on track.
The digital-first fashion rental service is reportedly seeking $25 million in its latest funding round, which would see the company valued at approximately $750 million, under a previous valuation of $1 billion.