Cath Kidston has bowed to the inevitable and filed notice to appoint administrators as coronavirus makes its current turnaround plan a lost cause. A buyer is still being sought with a pre-pack administration likely.
Thousands of Bangladeshi garment workers were ordered home on Sunday voicing concerns about loss of income after arriving at work to find factories remained shut after the cancellation of orders due to the coronavirus.
Supima, often dubbed the "cashmere of cotton", has supplied dozens of alumni of its Supima Design Competition with fabric to create masks and gowns for medical workers and organizations in the Covid-19 frontlines.
One in four manufacturers is considering closing down. Half are experiencing sales shortfalls in excess of 50%, and 80% of them are cutting jobs, with no re-localisation in sight even once the emergency is over.
Big U.S. tech firms such as Google and Facebook plan to seek deferment of a new Indian digital tax, which has caught them off-guard as businesses battle the fallout from the coronavirus pandemic, industry sources said.
Bangladesh, the second-largest apparel producer after China, is set to lose roughly $6 billion in export revenue this financial year amid cancellations from some of the world's largest brands and retailers.
It has been slightly over a month since Richard Malone was crowned the winner of the 2020 International Woolmark Prize, but the prestigious international competition has already begun looking for the next big talent.
Threads giant Coats Group has said it's taking a major hit from the Covid-19 outbreak as this month has seen brands and manufacturers starting to cancel or defer orders due to large-scale store closures.
British retail sales fell this month as the coronavirus hit demand for products other than food, and the outlook for April is the bleakest since 2009, the Confederation of British Industry said on Wednesday.