Struggling UK fashion retailer New Look has proposed a second major restructuring of its store estate in three years, asking for turnover-based rent deals as part of a package of measures to ensure its survival.
American off-price retailer Stein Mart Inc filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest apparel seller to crumble under the economic stress caused by coronavirus-led lockdowns.
As Marimekko announced a 20% fall in sales, it also said it’s planning to restructure its ops. It blamed the pandemic, saying the “global fashion and specialty retail sector is facing the worst crisis in decades”.
Five thousand years of art and design history will be joined by some more modern items when London’s Victoria and Albert (V&A) museum reopens on Thursday - hand sanitiser dispensers and protective screens.
Receive by e-mail all of the latest news from the fashion, beauty, and luxury industries, free of charge. But also, access documentation, view interviews and videos from fashion trade shows and runways.