The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — Luxury fashion group Chanel said on Sunday it would launch production of face masks to help bolster supplies in France, as the coronavirus sweeps across the country.
Prototypes were being worked on and would roll off production lines once they received the approval of French authorities.
"Today we are mobilising our workforce and our partners... to produce protective masks and blouses," Chanel said in a statement.
On Saturday, Health Minister Olivier Veran said the government had ordered more than a billion face masks, mostly from China, to be supplied in the weeks and months ahead.
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France was using 40 million face masks per week, he said. Doctors, nursing home carers and police have complained of shortages.
Chanel also said it would not be putting any of its 4,500 employees into temporary unemployment as it weathers the sharp downtown in economic activity.
By Richard Lough; editor: Catherine Evans.
As the French luxury group attempts to get back on track, investors, former insiders and industry observers say the group needs a far more drastic overhaul than it has planned, reports Bloomberg.
After growing the brand’s annual sales to nearly €2.5 billion, the star designer has been locked in a thorny contract negotiation with owner LVMH that could lead to his exit, sources say. BoF breaks down what Slimane brought to Celine and what his departure could mean.
Balenciaga’s deputy CEO Laura du Rusquec will replace Andrea Baldo as the Danish brand aims to elevate its image.
This week, more luxury brands will report first-quarter results, offering clues as to how broad and how deep the downturn is going to get.