Balenciaga and Yves Saint Laurent are also prepping their French workshops for production.
The luxury conglomerate has sourced surgical and FFP2 masks from a Chinese distributor as the country faces shortages during the coronavirus pandemic.
The luxury jeweller said it had lost about half of its operating days in mainland China since the coronavirus outbreak.
If something is not done, large numbers of independent fashion labels and stores are going to go bankrupt.
The British luxury giant had previously flagged a significant hit to sales in China, but the pandemic's spread to Western markets has worsened its outlook, with fourth quarter comparable retail sales now expected to be down 30 percent.
Earnings before interest and taxes declined 5.3 percent to €306.8 million ($336.31 million) last year, as the luxury group took measures to reduce markdowns and scale back its wholesale distribution network.
The 2008 recession led to a resurgence of minimalism. A similar kind of shift is on the rise now, but the industry’s relationship with trends and consumerism has changed.
Social media, Chinese nationalism and a culture war in the US have ratcheted up the risk of costly cultural missteps like those made by Dolce & Gabbana, Gucci, Prada and others. Luca Solca examines what fashion brands should — and should not — do.
The escalating coronavirus pandemic has further exposed fashion's reliance on fuel, as mandatory travel bans require executives and creatives alike to rethink everything from staging far-flung events to hosting in-person meetings.
Fine jewellery used to be all about the marriage proposal. But now, the likes of Bulgari and De Beers are serving consumers on the other side.
The luxury group's perfume and makeup facilities will, from Monday, produce hydroalcoholic gel that will then be donated to French health authorities as the country steps up its efforts to combat the spread of Covid-19.
The luxury industry’s habit of destroying end-of-season leftovers is under threat, thanks to a consumer backlash and increasing government regulations. BoF uncovers the best solutions.
Most stores in the Via Montenapoleone luxury shopping district, home to brands including Chanel, Tiffany and Dior, removed merchandise from their windows as a precaution.
Resilient demand for heritage bags and a higher share of full-price sales boosted the British luxury handbag maker, sending shares nearly 4 percent higher in early trading.
The Chinese designer won the grand prize for her airy, sculptural pieces at the 41st edition of the festival, which is undergoing a revamp under new leadership.
The move, which was facilitated by Jean Arnault, comes as Hublot undergoes a repositioning in a bid to reignite sales.
The move follows CFO Philippe Blondiaux’s decision to retire at the end of this year after more than 15 years at Chanel.
Ongoing talks between the nation’s government and Global Diamond Consortium are likely to see Botswana boost its stake in De Beers by 10 percent.
The goods delivered last November by a business delegation seeking relief from Trump’s onerous tariffs became a matter of national controversy in Switzerland.
Frasers Group Plc now possesses over 7 percent of the British label’s voting rights, placing it on track to be the brand’s biggest investor.