Fashion & Luxury market update - issue 424

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

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

Clare Waight Keller departs Givenchy
(Vogue)

Hermès sales total $2.7m in one day at Guangzhou flagship store following lockdown
(Fashion United)

Macy's hires investment bank to explore recapitalisation options
(Reuters)

CEO of Kering takes voluntary 25% pay cut amid Covid-19
(WWD)

Uniqlo owner Fast Retailing prepares for potential 43% decline in operating profit
(Fashion Network)

Inditex staff return to work as Spain lifts lockdown measures
(Reuters)

PETA purchases stock in luxury brands Capri Holdings, Kering and Burberry
(Fashionista)

Decker appoints Paul Wright as new E-commerce Director
(Retail Tech Innovation Hub)