With rumors mounting that Bernard Arnault may be attempting to renegotiate a lower deal price for LVMH’s acquisition of Tiffany, the luxury group said Thursday it will not buy any shares in the jeweler on the market.
Less than two years on from its CVA, New Look is in talks with its landlords again and has appointed property agents to help it negotiate rent deals based on turnover as it prepares to reopen its store estate this month.
Watchmaking giant Fossil had a tough time in Q1 as the effects of the global pandemic hurt its operations all over the world. But things could have been worse and its Q1 global net sales fell ’only’ 16% to $390.7m.
Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Eden Park, the high-end French label inspired by rugby, has launched an online store dedicated to the United States. The e-tail store marks a first step by Eden Park into the sportswear market in the US.
One of British fashion retail’s biggest success stories, Reiss, is opting for a phased approach to reopening from this month and said that it has seen successful reopenings at a number of stores in Europe.
Celebrity favourite Hunter Boots has clinched a rescue following a sales plunge due to the coronavirus crisis. A further £16.5m is being pumped into the firm to keep it going and growing through the crisis and beyond.