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The global fashion business journal

Jul 15, 20201:37am

Companies

h By Mds
Jul 8, 2020 — 8:09pm
h By Mds
Jul 3, 2020 — 7:50pm
Esprit’s restructuring: 50 closures, 1,200 layoffs and €100 million annual savings

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
H&M swings to loss in second quarter, sales slump

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 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.
h By I. P. G.
May 6, 2020 — 9:11am

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 — 5:05pm

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 

All economic news of the key fashion companies worldwide.

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