Fashion and luxury market update

Issue 509

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:

Nestlé sells L'Oréal shares for $10 billion
(Reuters)

Farfetch acquires Luxclusif’s resale platform
(Drapers Online)

Ralph Lauren debuts fashion line on Roblox
(Bloomberg)

Burberry partners with My Wardrobe HQ for rental and resale launch
(Vogue Business)

Frasers Group in £70 million share buyback plan
(Drapers Online)

Safilo Group unveils 3D printed eyewear
(Fashion United)

Beaverbrooks set to break sales record
(Business Live)

Dolce & Gabbana releases virtual holiday campaign
(Fashion United)