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Gap to furlough majority of North America retail staff, reduces global HQ count
Gap Inc. announced on Monday that it was extending its store closures, forcing the company to furlough the majority of its store teams in the United States and Canada, as well as head office employees globally.
Fashion
Retail
W Magazine furloughs majority of staff, suspends print
The Future Media Group-owned publication has suspended its print edition indefinitely, and those who work on W's online edition will continue to work with reduced salaries.
Luxury
Media
EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay
EssilorLuxottica is suspending its dividend due to the coronavirus pandemic, it said Monday, adding its annual shareholder meeting has been delayed and its Essilor chief executive officer, Laurent Vacherot, has retired.
Fashion
Appointments
French luxury group Hermes reduces proposed dividend
French luxury goods group Hermes said on Monday it has decided to trim its planned 2020 dividend to shareholders in response to the coronavirus outbreak.
Luxury
Business
Design
H&M starts protective face mask production at Chinese supplier
Sweden's H&M , the world's second-biggest fashion retailer, said on Friday it had started production of protective face masks for hospital staff and would ship the first batches to Spain and Italy.
Fashion
Industry
British Fashion Council launches Covid-19 fund to support designers
The British Fashion Council (BFC) said on Friday that it's launching a new crisis fund to support creative businesses and individuals during the Covid-19 outbreak.
Fashion
Design
Coronavirus kindness: Fashion museums and institutes give back
While fashion museums have had to close and even postpone the launch of upcoming exhibitions and events, many are getting creative and going digital to bring their exclusive work to people around the globe.
Luxury
Retail
Sewing machines become latest weapon against coronavirus as California volunteers swing into action
A growing number of people are eager to answer desperate calls from healthcare workers on social media and community forums asking for assistance in acquiring masks, gloves and other equipment.
Fashion
Design
Appointments
EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay
EssilorLuxottica is suspending its dividend due to the coronavirus pandemic, it said Monday, adding its annual shareholder meeting has been delayed and its Essilor chief executive officer, Laurent Vacherot, has retired.
Fashion
Appointments
Ted Baker names Osborne permanent CEO
Ted Baker has finally found its new CEO with Rachel Osborne taking on the role permanently after several months as caretaker chief executive.
Fashion
Appointments
Shandong Ruyi votes out top execs at Japan's Renown
Japanese apparel maker Renown Inc said the company’s top executives were voted out of its board on Thursday by China’s Shandong Ruyi, its parent company.
Fashion
Appointments
Swiss group Calida to pay no dividend for 2019, names new president
The Swiss group, owner of Lafuma and Aubade, will not pay any dividend for the 2019 financial year due to Covid-19 disruption. It has also named Hans-Kristian Hoejsgaard as president.
Fashion
Appointments
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