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Yves Hanania of Lighthouse: We will witness a paradigm change in the luxury industry

Yves Hanania of Lighthouse: We will witness a paradigm change in the luxury industry

Yves Hanania, brand strategy expert and co-author of a book on the future of luxury, analyses for FashionNetwork.com how the Covid-19 crisis could change the luxury market forever.
Fashion
Coats Group sees sales drop due to pandemic, 15 out of 50 plants are closed

Coats Group sees sales drop due to pandemic, 15 out of 50 plants are closed

Threads giant Coats Group has said it's taking a major hit from the Covid-19 outbreak as this month has seen brands and manufacturers starting to cancel or defer orders due to large-scale store closures.
Fashion
Shandong Ruyi votes out top execs at Japan's Renown

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
Condé Nast pushes luxury conference back three months to end July

Condé Nast pushes luxury conference back three months to end July

The next Condé Nast Luxury Conference, scheduled for April, has been pushed back three months to end July, the latest major postponement in fashion due to impact of the coronavirus pandemic.
Fashion
UK retailers fear biggest fall in sales since 2009 - CBI

UK retailers fear biggest fall in sales since 2009 - CBI

British retail sales fell this month as the coronavirus hit demand for products other than food, and the outlook for April is the bleakest since 2009, the Confederation of British Industry said on Wednesday.
Fashion
Marimekko in staff lay-off talks as more stores shut

Marimekko in staff lay-off talks as more stores shut

Marimekko is accelerating its measures to adapt to the coronavirus outbreak. It's extending its store closures to Finland and Sweden this week and talking to staff about temporary lay-offs.
Fashion
The CFDA and Vogue launch Covid-19 relief fund for American fashion community

The CFDA and Vogue launch Covid-19 relief fund for American fashion community

As of March 24, the CFDA/Vogue Fashion Fund has been repurposed into a new Covid-19 relief fund. Named 'A Common Thread,' it will support members of the American fashion community who have been impacted by the outbreak.
Fashion
'Laser-focused' on surgical masks, U.S. textile firms pivot in coronavirus pandemic

'Laser-focused' on surgical masks, U.S. textile firms pivot in coronavirus pandemic

U.S. textile and garment companies that normally make sweatshirts or fabric are changing tack in the coronavirus pandemic, heeding a White House call to step up production of urgently needed surgical masks and gowns.
Fashion
Cath Kidston seeks urgent buyer as Covid-19 bites - report

Cath Kidston seeks urgent buyer as Covid-19 bites - report

Cath Kidston needs to find a buyer urgently, a news report said at the weekend. The company is believed to have called in Alvarez & Marsal (A&M) to conduct an urgent review of its options and ask for fast bids.
Fashion
LVMH orders 40 million masks from China for France

LVMH orders 40 million masks from China for France

LVMH, the world's biggest luxury goods group, is ordering 40 million health masks from a Chinese supplier to help France cope with the coronavirus outbreak.
Fashion
Advertisers stare into the coronavirus abyss

Advertisers stare into the coronavirus abyss

The decimation of the luxury, entertainment and travel industries is delivering a hammer blow to a global advertising industry that was already reeling from years of tech-led turmoil.
Fashion
Christopher Raeburn teams up with Dylon Dyes to promote upcycling

Christopher Raeburn teams up with Dylon Dyes to promote upcycling

UK designer Christopher Raeburn and Dylon, a supplier of fabric dyes, have joined forces to inspire more people to start upcycling projects.
Fashion
Is the fashion industry preparing for large-scale mask manufacturing?

Is the fashion industry preparing for large-scale mask manufacturing?

Like many Chinese factories, French producers Les Tissages de Charlieu and Atelier Tuffery, and others in Italy, have converted their production lines to manufacture protective masks to help fight Covid-19.
Fashion
Make it British postpones live event, proposes virtual alternative

Make it British postpones live event, proposes virtual alternative

​Make it British Live has been postponed until further notice, but organisers are working on a virtual version to give exhibitors and buyers an opportunity to connect.
Fashion
Lenzing posts full-year revenue of €2.11 bn

Lenzing posts full-year revenue of €2.11 bn

Specialty fibres producer Lenzing on Thursday posted a 3.3 per cent decline in its full-year revenue to €2.11 billion in 2019, driven by lower selling prices, as well as standard fibre volumes.
Fashion
Primark is first fashion firm globally to get TÜV Rheinland vegan certification

Primark is first fashion firm globally to get TÜV Rheinland vegan certification

Primark has received a vegan mark for its clothing, shoes and bags from TÜV Rheinland Group, becoming the first fashion company in the world to get such a certification.
Fashion