The Italian fashion group, owner of Moschino and Philosophy, recorded a downturn in net income for the first nine months of the year. Its sales dropped by 23% to €206.7 million, despite showing signs of rallying in Q3.
Zalando is the latest fashion e-tailer to broaden its luxury offer with the German company adding new high-end brands, such as Roksanda and Marchesa, and expanding its Victoria Beckham and Moschino assortment.
Milan Fashion Week Men's is set to take place from 14 to 17 July, mixing virtual performances with physical runway shows. 37 events are on the menu, including physical shows from Etro and Dolce & Gabbana on 15 July.
New LovetheSales.com analysis of e-shopper demand shows a hunger for luxury investment pieces as well as high street fashion for the looming day when consumers will be able to restart their social lives.
One brand that had to weather a particularly complicated moment due to Covid-19 is Wolford, the high-end skinwear and hosiery marque that not only went though the lockdown, but also sold its Austrian headquarters.