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Coronavirus: Why the fashion industry faces an ‘existential crisis’

Coronavirus: Why the fashion industry faces an ‘existential crisis’

Entertainment
Normally, at this time of year, many of us would be curating our perfect summer wardrobe as we prepare for sunny weather and foreign holidays. Instead, clothing sales plummeted by 34% in March as much of the world's population is currently unable to travel abroad or even socialise amid lockdown restrictions."No-one wants to buy clothes to sit at home in," as Next's chief executive Simon Wolfson put it last month.The fashion industry has been negatively impacted by the coronavirus outbreak on every imaginable level; production has ceased, retailers have closed, demand has plummeted. "It has led to a real existential crisis for the fashion industry," says Imran Amed, the founder and CEO of The Business of Fashion, a leading industr...
M&S focuses on Price to accelerate fashion revival

M&S focuses on Price to accelerate fashion revival

Business
Mark and Spencer (M&S) has lured its former menswear boss Richard Price back to "accelerate" the turnaround in its troubled clothing and homes arm.The food-to-fashion retailer made the announcement after the sacking of Jill McDonald in July amid grumblings over continued struggles for the division. M&S chief executive Steve Rowe took personal charge of the department pending the appointment of a successor. Image: Jill McDonald joined M&S from Halfords in October 2017 and was fired last summer. Pic: M&S Mr Price, who left M&S for BHS in 2012, is due to start work next year and currently heads Tesco's F&F clothing line.He said of his appointment: "Marks & Spencer Clothing & Home is a great business which ...
Evita director: ‘Charismatic despots are back in fashion’

Evita director: ‘Charismatic despots are back in fashion’

Entertainment
The director of a new staging of Evita says its depiction of a populist leader and his wife has parallels with some of today's political personalities."We clearly have a strange desire for big characters in politics in the UK and US," said Jamie Lloyd. "Charismatic despots are back in fashion."Evita, written by Andrew Lloyd Webber and Tim Rice, tells of Eva Peron, first lady of Argentina from 1946 to 1952.The show has many fans, among them US president Donald Trump.In his 2004 book Think Like a Billionaire, Mr Trump called Evita his "favourite Broadway show" and said he had seen it six times. First staged in 1978, Evita was Lloyd Webber and Rice's third hit musical after...
Marks & Spencer ousts fashion boss Jill McDonald

Marks & Spencer ousts fashion boss Jill McDonald

Business
Marks & Spencer has ousted its clothing and home boss, Jill McDonald, who spent two years attempting to turn around the struggling division.Chief executive Steve Rowe will take over from Ms McDonald in the short term.He said the firm needed to "address long-standing issues in our clothing and home supply chain around availability and flow of product".Ms McDonald had previous senior roles at Halfords and McDonald's."Her lack of skill in clothes buying and supply chain appears to be the problem. But then the problem existed before she joined, didn't it?" Global Data retail analyst Maureen Hinton tweeted.Ms McDonald joined Marks & Spencer in autumn 2017 as it began a major turnaround plan, which has seen it shut stores and revamp its management. ...
On the runway at Paris haute couture fashion week

On the runway at Paris haute couture fashion week

Entertainment
Gaultier recently spoke out about excess production in the industry, saying, "Big groups are doing more collections, new collections... with a big amount of clothes. It's absolutely ridiculous." Gaultier told the BBC, "It's not a question of thinking about what people need. It's thinking about being bigger." Photo by Eco Clement/UPILet's block ads! (Why?) Entertainment News - UPI.com