The coronavirus crisis claimed thousands more jobs on Thursday as a deal was struck to sell the group comprising Oasis, Warehouse and smaller brand The Idle Man to Hilco Capital. Their stores aren't part of the deal.
Trade show organisers have been forced to cancel the events planned for June, and are reviewing their plans. Among the options, postponements and ramped-up virtual solutions, as the end of lock-down remains uncertain.
Fashion labels are coming up with new strategies to deal with a menswear season that has been hugely compromised by the Covid-19 pandemic, forcing the cancellation of the June trade shows and fashion weeks.
After the serial cancellations of the June men's Fashion Weeks, the benchmark menswear show has announced the postponement of its next summer edition, which is now scheduled to be held in Florence on September 2-4.