Fashion & Luxury Market Update – issue 490

Issue 490

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:

Victoria's Secret UK business enters liquidation
(Retail Gazette)

Prada revenues boom
(Business of Fashion)

Zalando launches in three new markets
(Retail Detail)

Kering reports surge in revenues and profit
(Bloomberg)

Foot Locker to acquire Atmos and WSS brands
(The Retail Bulletin)

Hermes expects slowdown following recent strong growth
(Reuters)

Joules reports sales and profits rises
(Fashion Network)

Daniel Essa launches customisable sneaker brand
(Fashion United)