It may only be digital but the upcoming debut Paris Fashion Week Online - Menswear looks to be very busy, with 68 events crammed into this month’s five-day season, and over a half dozen debutant brands.
As previously announced, Kering's Gucci has executed an increasingly popular strategy among luxury fashion houses and reduced the number of its retail partners, notably cutting its wholesale network by 70% in Italy.
European resale specialist Rebelle said this week that sustainability is the main reason for many consumers buying secondhand and that the Covid-19 crisis has boosted demand for luxury investment pieces.
Upscale retailers including Nordstrom, Saks Fifth Avenue and jeweler Tiffany & Co reopened their New York City flagships on Wednesday with signage and sanitizer stands to calm shoppers worried about the coronavirus.
Gucci has raised the price of handbags by up to 9%, joining rivals Louis Vuitton and Chanel in a bet their brands will still lure the wealthy, as top luxury brands try to shake off the impact of the Covid-19 pandemic.