April 8, 2020
Luxury Daily's live news:
Cartier pitches in with message of solidarity on Instagram
While Swiss luxury giant Richemont and its brands have been strangely silent on social media and email over COVID-19 contributions, Cartier has a few musings it has posted on its Instagram page.
No surprise in Ferragamo earnings amid global downturn
The Salvatore Ferragamo Group announced that preliminary consolidated revenues were down by 30.6 percent to 220 million euros ($239 million).
Cut stamp duty, extend SDLT holiday to get UK housing market moving post-lockdown: Knight Frank
Knight Frank’s analysis of sales data shows how abrupt the impact of COVID-19 was on the British property market.
Estée Lauder Cos. goes to market for $700M in borrowings
Estée Lauder Companies is looking to borrow $700 million from the market as the beautycare giant, like its counterparts across industry sectors, looks to shore up its balance sheet with the COVID-19 global lockdowns continuing to take their toll on revenue.
Hermès mourns loss of top window dresser Leïla Menchari to COVID-19
Ms. Menchari’s passing on April 4 came soon after news that Italian footwear maker Sergio Rossi had succumbed to the COVID-19 coronavirus originating from China.
Kering and brands donate $1M to CDC Foundation to help healthcare workers in the Americas
The funds will help the CDC Foundation to offer personal protective equipment and other important supplies to health authorities fighting to curb the spread of the COVID-19 coronavirus.
Sotheby’s sees spike in digital sales as coronavirus pushes auctions online
As the coronavirus has shut down auction houses, galleries, exhibitions and art fairs around the world, the event-driven global art industry is turning to digital channels to adapt to the new normal.
Women in Luxury 2020 New York conference moved to Wednesday, July 8
Register now for Luxury Daily's fourth annual Women in Luxury conference Wednesday, July 8 in New York. Meet with speakers from BMW, Chanel, Piaget, Apple, Moët Hennessy, Ritz-Carlton, Mandarin Oriental, Maison Atia, Diamond Producers Association, Forrester Research, Ana Andjelic, Shanker Inc., Accenture, Modern Luxury, Worth, Meredith’s Travel + Leisure, China Luxury Advisors, Sedhom Law Group, Reputation Dynamics, Luxury Portfolio International and LVMH's Starboard Cruise Services.