Fashion e-tail giant Zalando is expecting its Q1 results to beat what the market has been predicting due to the SS21 season starting more strongly than it had expected and returns continuing to stay low.
Sales at Kering rose by 26% in the first quarter of 2021, led by a strong rebound for its star label Gucci, with growth in Asia and the United States more than offsetting new coronavirus lockdowns in much of Europe.
The French men's fashion institution has elected the Rick Owens CEO to the head of its governing board. She succeeds Celine's Séverine Merle, while Maison Margiela CEO Gianfranco Gianangeli has become vice president.
Hammerson is to slash rents for its retail tenants by around 30% as UK stores reopen post-Lockdown 3. UK & Ireland MD Mark Bourgeois said that “typically, we're resetting our rents to more affordable levels”.
With European populations slowly but surely being vaccinated, designers on the Continent are suddenly expressing a new optimism. Few more so than Demna Gvasalia of Balenciaga in Balenciaga's winter 2021 pre-collection.
Northern Ireland will be allowed to catch up with the rest of the UK when non-essential retail and outdoor hospitality will reopen from 30 April. First Minister Arlene Foster told the NI Assembly it was a "landmark day”.