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The global fashion business journal

Jul 8, 20204:16am

h By Mds
Jul 3, 2020 — 7:50pm

The Hong Kong-listed apparel retailer filed for Protective Shield Proceedings for six German subsidiaries last March.

h By Mds
Jun 26, 2020 — 9:00am

The Swedish giant reported a pre-tax loss of 6.5 billion crowns ($685 million), against a year-ago 5.9 billion profit. The group is going to increase the pace of closures with around 170 gross closures this year.

h By P. R. D.
Jun 18, 2020 — 12:00am
Fashion questions sourcing in Bangladesh and India after Covid-19

Fashion groups that depend on these two markets follow closely the evolution of the pandemic and the business structure in both countries and are already beginning to think of alternatives.

h By P. R. D.
Jun 11, 2020 — 9:00am
While analysts consider the fast fashion model to be a risk for the future, proximity sourcing has saved Inditex in the first quarter. The group has reduced its cost of sales in proportion to the drop in sales.
Inditex formula to lose just €175 million
h By I. P. G.
May 6, 2020 — 9:11am
Three months of de-escalation, flexibility and WeChat: what can fashion learn from China

Local consultancy Fung Business Intelligence estimated that consumption will return to pre-crisis levels in two or three months, according to a report published on March 18, with an especially rapid recovery in clothing and cosmetics.

h By Mds
Apr 15, 2020 — 5:14pm

The IMF expects a “partial” recovery in 2021. The cumulative loss to global GDP over 2020 and 2021 could be around 9 trillion dollars.

h By Mds
Apr 15, 2020 — 5:05pm

Pablo Isla, chairman of the owner of Zara, has announced that it will continue to pay employees without government assistance.

h By I. P. G.
Apr 15, 2020 — 10:00am
h By I. P. G.
Apr 9, 2020 — 10:00am
Fashion, in jeopardy: nine out of ten companies threatened by corona crisis

A McKinsey report estimates that a two or three months lock down would bring a majority of players into financial distress situation.

h By P. R. D. / C. D. A.
Apr 6, 2020 — 4:00pm
Black swans, gray rhinos the unknowns of fashion after the coronavirus

As a black swan, the Covid-19 outbreak is even more transformative than events such as the Arab Spring, or even the fall of the Berlin Wall.

h By P. R. D.
Apr 1, 2020 — 4:00pm
Fashion sales to shrink by $600 billion this year due to corona crisis

In Italy or Spain, two of the most affected countries, the decrease in sales could reach up to 40%, according to Boston Consulting Group data.

h By C. J.
Mar 27, 2020 — 2:00pm
h By I. P. G.
Mar 25, 2020 — 9:03am
h By C. J.
Mar 24, 2020 — 10:00am

The decrease in production, together with the fall of demand and the paralysis of cotton exports to the United States are some of the factors that motivated the price fall.

h By Mds
Mar 19, 2020 — 8:00pm

Hermès has closed its 42 production plants in France except for Vaudreuil, where it produces its perfumes, which will now produce disinfecting gels.

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