The French publisher owes money to dozens of freelancers, in some cases going back more than a year.
The deal is expected to take place toward the end of July.
Online lessons and the crisis’ economic impact might dent schools’ appeal at the moment, but the fashion industry’s attractiveness won’t fade away.
Many writers and photographers have been waiting a year or more to be paid for work published by the magazine.
The Milan-based luxury fashion label makes women’s ready-to-wear, men’s wear, intimates and activewear.
The International Monetary Fund expects growth to be down 7.5 percent this year in the euro area.
A steep drop in France’s economy in 2020 will be followed by positive growth in 2021, predicted the governor of the Bank of France.
The majority of e-commerce operators polled judge French government measures as satisfactory overall but are worried about the future.
But the effects of the coronavirus Stateside are yet to be seen.
Fashion and retail companies need to move quick. But with the right action plan they can avoid catastrophe.