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The global fashion business journal

Jul 2, 202011:41pm

Companies

h By P. R. D.
Jun 11, 2020 — 9:00am
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 Modaes
Apr 15, 2020 — 5:14pm
IMF: world economy to shrink 3% in 2020 in worst setback since Great Depression

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 9, 2020 — 10:00am

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

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 C. J.
Mar 27, 2020 — 2:00pm

Companies like Inditex or H&M consider supply chain disruptions, changes in consumer behaviour or currencies as more likely risks than a pandemic.

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.

h By Mds
Mar 19, 2020 — 5:00pm
40% of Burberry’s stores worldwide are currently closed. The company has announced additional closings in the upcoming days.
h By Mds
Mar 19, 2020 — 4:27pm

The American fashion retailer reached sales of 2.7 billion dollars during the fiscal year 2019 driven by the European market.


h By PILAR RIAÑO
Mar 19, 2020 — 9:00am

The 287 million euros provision has harmed the final sprint of the year for the Spanish group. 

h By MDS
Mar 18, 2020 — 7:03pm

The Italian luxury company reached sales of 3.2 billion euros in 2019 and has recorded a net income of 256 million euros.

h By MDS
Mar 18, 2020 — 5:05pm

The company will allocate 350 million dollars to raise the salary of its employees to boost hiring in order to help meet coronavirus-related orders 

h By MDS
Mar 18, 2020 — 5:03pm

The British retailer has filed for administration putting 2,700 jobs at risk. It has ceased trading on the London Stock Exchange. 

h By MDS
Mar 18, 2020 — 4:43pm

Gap announced that starting tomorrow all of its stores in North America will be closed. So far, Macy’s, Kering, Nike or Hudson’s Bay, among others, have also taken the equivalent measures. 

All economic news of the key fashion companies worldwide.

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