Fashion & Luxury market update - issue 425

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. 

An important consideration of supply disruption during the COVID-19 pandemic is the potential impact on consumer rights, particularly given the increase in consumers purchasing digital products. Regulators and businesses have been taking steps to protect consumers. The CMA has launched a taskforce to tackle negative impacts within its remit of the COVID-19 outbreak. Read more here.

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

London fashion week to go online amid lockdown
(The Guardian)

Gucci's Italy production lab to reopen
(Fashion United)

Ted Baker launches digital pop-up with 100% of profits going to charity
(Retail Week)

H&M and Desmond & Dempsey collaborate on daywear collection
(Fashion United)

Lululemon searches for a new CFO
(Retail Gazette)

Footwear retailer Office is up for sale
(Fashion United)

Alibaba to invest $28 billion in its cloud infrastructure
(Fashion Network)

Boohoo is set to unveil soaring sales
(The Industry)

Coronavirus causes LVMH store closures
(Reuters)