The $16 million deal follows the brand group’s agreement in April to sell Umbro China.

1.5 million people applied for government jobless supports last week.

The online platform said gross merchandise value growth in the second quarter will range from 25 to 30 percent.

Shareholders approved Paul du Saillant to the board of directors.

The fund, with an expected duration of six years, aims to accrue a capital of 300 million euros and its team includes former Pal Zileri ceo Giovanni Mannucci and former Calvin Klein and Ralph Lauren executive Gaetano Sallorenzo.

The health and wellness company is hoping for a sale, but in the meantime plans to close between 800 and 1,200 stores.

An Altagamma webinar tracked future trends, including high-end customers’ increasing shift from purchasing personal goods to investing in experiential luxury.

Edizione’s clothing and textile division represented 6.8 percent of total sales, standing at 1.23 billion euros as the holding plans to support the companies it controls “to ensure their growth and development also by engaging partners that will share strategy and governance.”

Hit hard by the pandemic, AllSaints is getting a new cash injection as it faces tens of millions of dollars in unpaid rent.

Organizers are focusing on next year’s edition, scheduled for Feb. 1 to 4.

Chief financial officer Philippe Blondiaux said the external environment will impact Chanel for at least the next 18 to 24 months.

The British high street brand is the latest name to fall victim to the COVID-19 lockdown measures, and is now seeking insolvency protection for its retail portfolio.

The company faces a key deadline next month that could decide its future.

Kering has added two new seats on its board.

Burberry has been forced to rethink salaries, performance criteria and pensions, partly in response to the devastating impact of the coronavirus on growth.