Fashion & luxury market update - issue 482

Issue 482

COVID-19 has presented a range of challenges for the fashion & luxury sector. Our dedicated webpage sets out some of the areas of impact which have given rise to legal issues and how businesses can navigate these. Read more here.

UK government launches consultation on parallel imports
(Gov UK)

Competition and Markets Authority launches draft guidance on environmental claims in advertising
(Gov UK)

This week’s top stories in the fashion and luxury sector:

Etsy acquires Depop
(Retail Detail)

Ssense valued at nearly £3 billion
(Fashion United)

Lululemon reports 88 percent rise in Q1 sales
(CNBC)

Ebay to launch authentication service for luxury handbags
(Fashion Network)

ASOS teams up with Lush
(The Industry)

Ted Baker expected to announce £65 million loss
(Retail Gazette)