Fashion and luxury market update

Issue 471

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:

New Balance confirms long-term partnership with Stone Island
(Fashion United)

Ralph & Russo enters administration
(Forbes)

Burberry and Elle Japan to launch virtual store
(Insider Retail)

Nike reports revenue increase but Europe sales decline
(Retail Gazette)

Mango launches new fragrance line
(Fashion Network)

H&M partners with Good News for unisex footwear collection
(Fashion United)

Richemont shares rise after reported rejection of Kering merger
(Reuters)

Fred Perry to open new Manchester flagship store
(Retail Gazette)