Fashion & Luxury Market Update – issue 492

Issue 492

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:

Adidas to sell Reebok for £1.78 billion
(Drapers Online)

Abercrombie & Fitch to use customers as models for new campaign
(The Retail Bulletin)

Walmart launches plant-based bra
(Independent)

Luxury watch sales jump as consumers splurge lockdown savings
(The Guardian)

Philipp Plein to accept cryptocurrency payments
(Charged Retail)

Jack Wills founder plots comeback with Next partnership
(Retail Gazette)

H&M to launch second-hand clothing platform in Canada
(Fashion United)

Boohoo plans for 5,000 new UK jobs
(City AM)