Fashion & Luxury market update - issue 423

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:

How luxury brands are supporting Covid-19 relief efforts
(Vogue)

The Modist ceases trading
(Glossy)

Burberry funds research for a single-dose Covid-19 vaccine
(Independent)

Jack Wolfskin expands across North America and Japan
(Fashion United)

Jimmy Choo, Michael Kors and Versace donate £2.5m to tackle Covid-19
(Independent)

H&M initiates cost cutting measures
(Fashion United)

L'Oréal expands its fragrance business with Mugler and Azzaro acquisition
(Cosmetic Design)

Debenhams prepares for administration
(The Industry)

Hugo Boss suspends dividend payments
(Market Watch)