Fashion and luxury market update

Issue 466

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 brands sector:

Luxury fashion house Fenty closes down after two years
(The Guardian)

Major fashion brands back Bangladesh recycling scheme
(Reuters)

Ted Baker suffers 47% drop in Q4 revenue
(Reuters)

Burberry to repay COVID-19 support loans
(Apparel Resources)

Boohoo Group seeks new office presence in London
(Retail Gazette)

Online retail records five years of sales growth in 12 months
(City A.M.)

VF Corp pledges to remove all single-use plastic packaging by 2025
(Retail Gazette)

European shoppers willing to buy from UK stores despite Brexit
(The Industry)