The global fashion capitals are missing out on more than $600 million as runway shows go digital, hotels sit empty and nightclubs, restaurants and stores remain shut for the second season in a row.
The Kering-owned luxury brand reportedly paid $6.2 million to take over Russell & Bromley's lease.
On both sides of the Atlantic, programmes offering billions of dollars in government loans to small businesses have made for powerful headlines. But these loans, typically distributed by commercial banks, come with plenty of hurdles for those who need funding most.
From tariffs and duties to talent and hiring, BoF unpacks the key points UK-based companies need to know as Britain’s withdrawal from the EU takes effect.
British Prime Minister Boris Johnson may have reached an agreement with the EU, but the UK’s withdrawal, and the terms on which it happens, is far from a done deal.