While American consumers remain optimistic about the economy amid the Covid-19 crisis, consumers expect to spend more only on must-have categories and less on apparel, according to a survey by McKinsey & Co.
German fashion house Hugo Boss warned on Thursday that the coronavirus will have a significant impact on its first-quarter results, with sales falling particularly in Asia, but also in other key markets.
One of the most interesting and impressive retail developments in the UK in recent years, Battersea Power Station, is edging closer to completion with Hugo Boss, Uniqlo and major beauty names taking space there.
Claudia Marcocci, former SVP of Coty's Gucci Beauty, is taking over as brand general director of Parfums Christian Dior, succeeding Véronique Courtois, who stepped down from the role to lead Guerlain in November 2019.
Advent International, Bain Capital and Cinven are all reportedly candidates to take over the brands in Coty's professional beauty division, including Wella and OPI, as the company looks to stabilise its finances.