An in-depth look at how Covid-19 has amplified the importance of financial resources for the fashion and luxury sector, amidst share buybacks, green bonds, state funding, recapitalisations and calls to investors.
The footwear group owned by the Della Valle family rallied in Q3, losing only 12.3% through strong growth in China and e-tail. Its January-September revenue was €452.6 million, and the recovery continued in October.
Tod's swung to an operating loss in the first half of this year after a 44% sales drop due to the coronavirus crisis, which forced luxury brands to temporarily shut stores across the world and idle manufacturing sites.
The resurgence of Covid-19 in Europe is increasing the uncertainty surrounding September fashion events. Trade show and fashion week organisers are trying to cope, amidst postponements, cancellations and online options.
The Camera della Moda has unveiled the schedule for July's Milan Digital Fashion Week, with 39 video displays, presentations and live events – a season including mega labels like Prada, Gucci, Zegna and Dolce & Gabbana.