LVMH chief Bernard Arnault has changed the legal structure of his family holding company Agache to a joint-stock partnership to ensure family control over LVMH in the long term, the company said on Thursday.
Burberry’s partnership with the British Fashion Council continues to support worthy causes. The luxury fashion house is again donating to the ReBurberry Fabric programme to support creative communities.
Faced with record inflation, the French government is presenting a bill addressing the cost-of-living crisis on Monday. Perhaps some breathing space for a fashion industry squeezed by spiralling costs and weak demand?
Tough cost-of-living times for UK workers have got even tougher for some Next employees. A number of the fashion and lifestyle retailer’s 43,000-strong workforce have been underpaid due to a new payroll system failure.
Some much-needed good news for UK fashion (and beauty). While the cost-of-living crisis heats up and consumer slash their budgets, money spent on clothing, footwear and beauty is above pre-pandemic levels.