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Wolford to raise cash by selling and renting its Austrian HQ

Wolford to raise cash by selling and renting its Austrian HQ

Wolford is taking a similar approach to some other companies in the midst of the coronavirus pandemic and is seeking to raise cash by selling its HQ. It’s currently in talks to sell and rent back its property in Bregenz.
Fashion
Galeria Karstadt Kaufhof files for creditor protection

Galeria Karstadt Kaufhof files for creditor protection

German department store Galeria Karstadt Kaufhof and its subsidiary Karstadt Sports have filed for creditor protection after seeing a drop in sales as a result of the coronavirus crisis.
Fashion
Paris June trade shows cancelled due to Covid-19

Paris June trade shows cancelled due to Covid-19

The organisers of the fashion trade shows usually held in Paris in June have published a joint release announcing their cancellation due to the "unprecedented context of the global health crisis."
Fashion
Wolford joins push to make medical masks for hospitals, staff and consumers

Wolford joins push to make medical masks for hospitals, staff and consumers

Hosiery and intimates specialist Wolford has shifted production at its HQ in Bregenz, Austria, and its factory in Slovenia from tights and bodies to face masks.
Fashion
L Brands extends store closures, halts quarterly dividend

L Brands extends store closures, halts quarterly dividend

L Brands announced on Friday that it is extending temporary store closures at its store banners and taking steps to secure its finances, as a future with Covid-19 remains uncertain. 
Fashion
River Island closes distribution centre

River Island closes distribution centre

River Island has added its name to the growing list of fashion brands that have halted online operations to allow warehouse staff to stay at home.
Fashion
Swiss group Calida to pay no dividend for 2019, names new president

Swiss group Calida to pay no dividend for 2019, names new president

The Swiss group, owner of Lafuma and Aubade, will not pay any dividend for the 2019 financial year due to Covid-19 disruption. It has also named Hans-Kristian Hoejsgaard as president.
Fashion
Condé Nast pushes luxury conference back three months to end July

Condé Nast pushes luxury conference back three months to end July

The next Condé Nast Luxury Conference, scheduled for April, has been pushed back three months to end July, the latest major postponement in fashion due to impact of the coronavirus pandemic.
Fashion
Fogal poised for a renaissance, hunkers down during the pandemic

Fogal poised for a renaissance, hunkers down during the pandemic

There is nothing like a centenary to focus attention on a brand, especially one on the mend, like Fogal, considered by many as the nec plus ultra of legwear. A brand poised for a notable renaissance, post-coronavirus.
Fashion
Fashion discounting surges as coronavirus devastates SS20

Fashion discounting surges as coronavirus devastates SS20

Luxury, premium and high street brands are all accelerating their online discounts as plunging footfall followed by a lockdown means the UK's SS20 season is turning into a disastrous one, new data shows.
Fashion
M&S fashion ops take coronavirus hit, stays upbeat but plans for "severe impact"

M&S fashion ops take coronavirus hit, stays upbeat but plans for "severe impact"

M&S's fashion business is suffering even though its grocery operation is seeing an uplift. It's now planning for a prolonged clothing downturn but said it has plenty of cash to see it through.
Fashion
Esprit opens first bodywear store, offers extensive product line

Esprit opens first bodywear store, offers extensive product line

As part of its recovery plan, fashion retailer Esprit has opened its first bodywear store in the city centre of Hilversum, in the Netherlands. 
Fashion
L Brands appoints Sarah Nash as board chair

L Brands appoints Sarah Nash as board chair

Columbus, Ohio-based apparel group L Brands Inc. announced on Thursday the appointment of Sarah Nash as chair of the board of directors.
Fashion
Wolford revises outlook on coronavirus as Italian sales plunge

Wolford revises outlook on coronavirus as Italian sales plunge

Under-pressure upscale hosiery and bodywear company Wolford has become the latest big name to react to the coronavirus outbreak, and has revised its outlook sharply downwards.
Fashion
Calzedonia closes shops in Italian areas most affected by virus

Calzedonia closes shops in Italian areas most affected by virus

Italian fashion retailer Calzedonia said on Monday it decided to close shops for all its brands in the areas most affected by the coronavirus outbreak in Italy.
Fashion
Calida posts jump in sales and profit

Calida posts jump in sales and profit

The company’s consolidated net sales grew by 1.7% to CHF 404.3 million (€381.5m) in 2019.
Fashion