Fashion & luxury market update - issue 449

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.

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

Levi's launches sustainable denim concept store
(Vogue)

Depop boosts staff numbers following surging demand
(Fashion Network)

Puma shares fall as Kering sells 5.9% stake
(Reuters)

Nordstrom to stop selling fur products and exotic animal skins
(The Independent)

H&M plans 250 store closures
(The Industry)

Mulberry announces pre-tax loss of £14.2m
(The Industry)

Bolt Threads announces Mylo consortium
(Fashion United)

MCM unveils new global creative initiative for upcycling and recycling projects
(Fashion Network)