French fashion house Louis Vuitton has confirmed that it is repurposing its workshops across France to produce hundreds of thousands of non-surgical protective masks to aid in the “battle against Covid-19”. The initiative will see 300 Louis Vuitton artisans from workshops in Marsaz, Saint-Donat, Saint-Pourcain, […]

John Lewis Partnership has installed a wellbeing area for frontline medical staff and volunteers at the newly constructed Nightingale NHS Hospital in London to offer support during the Covid-19 crisis. The space will be the only area within the main part of the hospital that is specifically designed […]

H&M Hennes & Mauritz AB has signed a new 12 months 980 million euros revolving credit facility with a six months extension option in order to further strengthen its liquidity buffer and financial flexibility in response to the Covid-19 situation. The company said in a statement: “The H&M […]

ANALYSISNew York – In a recent earnings, Calvin McDonald, CEO at Lululemon, discussed the company’s fourth-quarter results, as well as the near future of the company in the light of the coronavirus pandemic. The yoga apparel brand’s leadership is confident in their results in the short and middle term. […]

Animal rights group PETA has taken advantage of the COVID-19 stock market downturn through purchasing stock in nearly two dozen fashion companies, including Ralph Lauren, Urban Outfitters and Guess. This move is a strategy the organization often takes to influence decisions made by clothing companies. […]

A new report by The Business of Fashion and McKinsey & Company has detailed the effects of COVID-19 on the global fashion industry, and the results are not pretty. The fashion industry is in crisis, and millions of jobs are at stake, along with the potential for many companies to go bankrupt. The global […]

Even off-price retail chains, which have long been a sweet spot for retail even in the midst of a recession, are feeling the impact of COVID-19. TJX, the parent company of TJ Maxx and Marshalls, will be furloughing employees and cutting executive pay by 20 to 30 percent until further notice. Beginning […]

ASOS has seen sales of clothing and accessories drop 20-25 percent over the last three weeks and is taking precautionary measures as the coronavirus pandemic disrupts its financial outlook. Nigel Frith, a senior market analyst at asktraders.com told FashionUnited: “The online retailer is in a better […]

New York – After seeing its capitalization reduced to one fourth of what it was at the end of 2019, Macy’s is being removed from the S&P 500 Index. S&P Dow Jones Indices, which oversees the index, has also explained that the U.S. department stores operator will join the S&P 600 Small Cap Index. It’s […]

American fashion companies PVH Corp and VF Corp have both announced their latest measures to mitigate the impact of the Covid-19 pandemic on their businesses. PVH Corp, whose portfolio includes brands Calvin Klein and Tommy Hilfiger, said that in North America, where it has the highest concentration […]

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