LVMH said it had submitted its takeover of Tiffany, which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it stalled antitrust proceedings.
France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
London rocked on Friday with acclaimed historicism and unexpected street wear. Practically no actual shows yet plenty of ideas in some memorable videos, as fashion designers suggested their customers should rage.
The Crown Estate, like other major landlords, is aiming to conserve as much cash as it possibly can and has delayed the payment of its annual income to the Treasury in the face of a shortfall in rent payments.
Finnish textiles-to-fashion firm Marimekko has updated its guidance saying net sales will be lower for the full year while comparable operating profit could be at a similar level to last year, but might also be lower.
The final day of this New York fashion season concluded with a surprise collaboration between Christian Cowan and Lil Nas X, a voter registration campaign from Tanya Taylor, and a backyard party from Christian Siriano.
On the eve of the Mipel and Micam trade shows, data from Confindustra Moda's Research Centre spelled out the severe difficulties faced by the Italian leather goods and footwear industries due to the Covid-19 crisis.