France
Brazilian footwear exports decreased by 66% in May
Data prepared by the Brazilian Footwear Industries Association (Abicalçados) indicates that 2.7 million pairs were shipped in May, generating 23.9 million US dollars of revenue. This resulted in decreases both in volume (-64.7%) and in value (-66%)
LVMH will not renegotiate the Tiffany's deal for now
The French luxury goods giant is not expecting to renegotiate the 16.2 billion US dollars acquisition deal of US-based jewellery chain Tiffany & Co after deliberations on the matter, Reuters is reporting
Brazil: Covid-19 pandemic shrinks footwear exports
The Brazilian Footwear Industries Association (Abicalçados) believes the COVID-19 pandemic played an essential role in the decline registered in footwear exports during the first four months of the year
Footwear back in business in Europe
As European countries face the different stages of the sanitary crisis, they are also working on the re-opening of the economies. Today we bring you updates from Italy, Spain, Germany, Belgium, France and Poland
After Milan, Paris announces digital fashion week
Yesterday Camera della Moda has announced the first Milano Digital Fashion Week. In the same day the Fédération de la Haute Couture et de la Mode announced it is organizing a Paris Fashion Week online event
Kering announces quarter heavily impacted by Covid-19
The luxury group has announced consolidated revenue in the first quarter of 2020 of 3 203.2 million euros, down by 15.4%, as reported (-16.4% on a comparable basis)
LVMH says its first quarter showed good resilience
The French-based luxury group recorded revenue of 10.6 billion euros for the first quarter of 2020, down by 15% compared to the same period in 2019 and down by 17% on an organic basis
LVMH cancels prize final and launches solidarity fund
As a result of the Covid-19 pandemic, the final of the 7th edition of the LVMH Prize for Young Fashion Designers, originally scheduled on 5th June 2020 at the Louis Vuitton Foundation, has been cancelled
Hermès reduces proposed dividend
The French luxury goods group said it has decided to reduce its planned 2020 dividend to shareholders in order to implement some measures to response to the coronavirus outbreak
Chanel workshops to make face masks
The French-based luxury fashion group said it will launch production of face masks to increment the supply in France, as the coronavirus spreads across the country
Chanel closes production sites
The France-based luxury house announced it has decided to close its core production sites in three European countries: France, Italy and Switzerland, either completely or partially
Kering donates 2 million euros to hospitals
The French-based group, owner of brands such as Gucci, Yves Saint Laurent or Balenciaga has announced their contribution to the fight of the coronavirus outbreak
LVMH changes production from perfumes to hand sanitizer
The French-based luxury giant announced its production facilities for the cosmetics branch will start to manufacture large quantities of hydro-alcoholic gel
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