French farmers may reduce by half next year the area they devote to flax fibre, reversing a decade of growth as the industry adjusts to a drop in demand for linen due to the novel coronavirus epidemic.
German retail associations announced guidelines on Wednesday to encourage a 50% cut in rent payments during the time stores were forced to close due to the coronavirus and a lesser reduction for the next three months.
In 2016, the Danish rainwear specialist challenged Zara in court in Denmark, accusing the fashion retailer of copying two of its models. In May, the court ruled in Rains’s favour for the label's domestic market.
Shares in shopping centre giant Intu rose by more than half on Tuesday and continued rising Wednesday as it published figures suggesting its cash position will remain positive in 2021 if it gets a deal with its lenders.
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.
UK consumers are looking forward to socialising and taking part in plenty of activities that have been banned during the lockdown and this could bode well for future fashion purchases, new figures have shown this week.
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.
Shopping malls giant Unibail-Rodamco-Westfield has made “strong progress” with its mall reopenings globally with 65 of 90 now open. And indications are that footfall and trade is stronger than expected in many countries.
Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November