All About Coronavirus/COVID-19

Discussion in 'In the News...' started by Benn98, Mar 10, 2020.

  1. MulletProof

    MulletProof Well-Known Member

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    It's totally on topic. Sending love over there... :heart:

    There are a lot of great efforts being made right now that I'm feeling a bit optimistic.. I think all the tension will go down in about a month. The remdesivir tests come out next week (I think?), the one by Scripps/Rega (which is testing 15,000 molecules containing antivirals- at least one of them has to work!) should turn out results in 3 weeks at the latest..?.. the challenge will be availability I guess, but combined with the change of season, it will be easier to manage sooner than we think. :lucky:
     
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  2. RedSmokeRise

    RedSmokeRise Well-Known Member

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    My company sent everyone to work from home for the remaining month - our summer collection is being delayed since trims / fusibles are manufactured in China and factories haven't reopened.

    NYC is still operating as if it's in some bizarre alternative dimension where this virus doesn't exist.
     
  3. Armani

    Armani Tech Support ⌨♥

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    I’m sorry, as I know this is unrelated, but WHY on earth would she Facetune her nose smaller in a photoset about the coronavirus, an issue she seems to most definitely take seriously? :innocent:
     
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  4. Benn98

    Benn98 Well-Known Member

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    Omg, it would have a field day! Funny, I've never been and it's not even on my bucket list. I somehow feel that what I imagine the cruise would be like won't be far from the truth. It's heavily pushed here in the UK because it's so popular, but imo it's the equivalent of all-inclusive holidays for families.

    This should be a rude awakening for them.....

    US President Donald Trump introduced a total travel ban from Europe, excluding the UK, for 30 days. The ban does not extend to trade. The move failed to stem heavy losses on financial markets.

    The Guardian
     
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  5. Armani

    Armani Tech Support ⌨♥

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    Hermès Cancels Resort Show in London on April 28
    Hermès Cancels Resort Show in London on April 28
    The French fashion house has canceled its resort show in London, as well as its Saut Hermès show jumping competition in Paris.

    NO SHOW: Add Hermès to the growing list of fashion brands canceling events due to the coronavirus. The French fashion house has nixed its resort show, which had been scheduled to take place in London on April 28.

    “Due to the exceptional health situation, Hermès, concerned with protecting all of its teams and partners and welcoming its guests in the best conditions, has decided not to present its spring 2021 cruise collection in London on the 28th of April. The house shows its empathy to all those affected by the current situation,” the company said in an e-mailed statement.

    In addition, the brand has canceled its annual Saut Hermès show jumping competition at the Grand Palais, citing a French government decree banning gatherings of more than 1,000 people in a bid to halt the spread of COVID-19. The event was initially scheduled for March 20 to 22.


    The cancellation comes four months before the Summer Olympic Games in Tokyo, which could also be delayed due to the outbreak.

    “This decision imposed by the current situation does not in any way diminish our attachment to equestrian competition and our commitment to the greatest international show jumping riders, whom we hope to see in 2021. It’s important to us to continue to gather a community of horse-riding enthusiasts in the center of Paris,” Axel Dumas, chief executive officer of Hermès, said in a statement.

    In the last few weeks, brands including Gucci, Versace and Max Mara have canceled their resort shows. Ralph Lauren has decided not to go ahead with his fall 2020 show scheduled for April in New York; Tokyo Fashion Week has been canceled, and Shanghai and Beijing Fashion Weeks have also been postponed.
     
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  6. Armani

    Armani Tech Support ⌨♥

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    Pandemic Rules Retail, Shopping Slows, Stocks Fall
    The coronavirus has brought a bear market and slower economic growth.

    The World Health Organization made it official on Wednesday, declaring the coronavirus a global pandemic.

    But the label, while sobering, did little to change the on-the-ground reality of life in the midst of COVID-19. Shopping is slowing, investor panic brought about a bear market in the U.S., Italy remains shut down, governments worldwide are scraping together aid packages and everyone’s standing just a little farther apart.

    The Dow Jones Industrial Average dropped 1,464.94 points, or 5.9 percent, to 23,553.22, leaving the market down 20.3 percent since its all-time high on Feb. 12 — anything greater than 20 percent down from a recent high is considered a bear market.

    Most other global markets posted smaller declines, including the Nikkei 225 in Tokyo, off 2.3 percent to 19,416.06, and the FTSE 100, 1.4 percent to 5,876.52 in London. (The British government laid out a 12 billion-pound aid package to counter disruptions caused by COVID-19).


    Bucking the trend was Milan’s FTSE MIB, which rose 0.3 percent to 17,928.64, as the Italian government set aside a total of 25 billion euros to support the country as it fights Europe’s worst outbreak.

    Among the biggest decliners in the market were Tailored Brands Inc., down 22.6 percent to $2.33; J.C. Penney Co. Inc., 12.1 percent to 50 cents; Gap Inc., 11.8 percent to $10.97; Nordstrom Inc., 11.4 percent to $24.03, and PVH Corp., 10.9 percent to $56.63.

    The luxury sector, which depends on China for its growth and was hit hard early in the COVID-19 outbreak, fared better, along with the stronger European markets. Posting more modest declines were Moncler, down 2.6 percent to 29.36 euros; Kering, 2.5 percent to 438.50 euros; LVMH Moët Hennessy Louis Vuitton, 1.4 percent to 330.15 euros, and Hermès International, 0.2 percent to 594.60 euros.

    The rolling crisis, which first shut down stores in China and gummed up supply chains, has now whipped around the world to U.S. consumers, particularly luxury shoppers.

    Most people who get COVID-19 experience only mild symptoms, but the illness can be deadly to the elderly or to those with weak immune systems. So far there have been more than 124,000 confirmed cases and while over 66,000 of those people have recovered, 4,584 have died.

    Tedros Adhanom Ghebreyesus, director-general of the World Health Organization, said the group has been working around the clock accessing the outbreak.

    “We are deeply concerned both by the alarming levels of spread and severity, and by the alarming levels of inaction,” he said.

    But signs of action are becoming more apparent.

    New York Gov. Andrew Cuomo, for instance, called the National Guard to the center of the state’s outbreak in New Rochelle, N.Y., moved The State University of New York to a “distance-learning model for the rest of the semester” and guaranteed two full weeks of paid leave for all state workers who are quarantined.

    But as businesses and government officials react and the public grows more aware and wary of the COVID-19 situation, stores have felt the impact.

    Kimberly Greenberger, an analyst at Morgan Stanley, said foot traffic in U.S. specialty and department stores fell 9.1 percent last week, much steeper than the average 3.9 percent decline over the past five years.


    The drop last week was made up of a 14.7 percent fall in luxury retail traffic and a 3.9 percent decline for apparel retail. And Greenberger said it was likely that most of the week’s decline came from the second half of the week as COVID-19 fears rose.

    “We make room for the possibility we could see double-digit traffic declines beginning [this week] as U.S. cases continue to rise and a full week of increased U.S. coronavirus concerns are incorporated,” Greenberger said. “While we see room for e-commerce to pick up some lost brick-and-mortar sales, we do not expect it to be able to fully offset brick-and-mortar declines.”

    An analysis by Customer Growth Partners said “consumer shopping patterns have been changing rapidly over recent weeks.”

    The first change in the U.S. became apparent by Feb. 21, when shoppers started stocking up on hand disinfectant and face masks. By the end of February, it was bottled water and canned soup.

    The analysis crunched shopping data from 27 major retailers between Feb. 15 and Monday, finding that comparable transactions fell by about 2.5 percent. Almost half of that has been redirected online, leaving a net drop of 1.3 percent.

    Among the sectors seeing the sharpest declines in year-over-year transaction velocity were specialty retail, down 9.8 percent, and department stores, off 6.6 percent.

    Most retailers have been vague so far about the in-store impact, which is just now becoming clearer.

    Urban Outfitters Inc. sales and traffic have steeply declined in the last week in Milan, Seattle and “a few additional locations.”

    “Due to the uncertainty around the spread of COVID-19 in North America and Europe, at this time, we cannot forecast the extent to which COVID-19 will impact our business in the first quarter,” said the company, which has four Urban Outfitters stores in Seattle and two in Milan.

    Companies that sell basics for those stocking up are faring better.

    Walmart said it is taking extra steps to “maintain a healthy environment.”

    “Stores are cleaned daily, which includes using sanitizing solutions in high-touch, high-traffic areas,” the retailer said. “We have increased associate focus on cleaning and have dedicated an associate to maintain key areas throughout the day. We’ve seen increased foot traffic, so we’re sending additional cleaning supplies for use in places like the registers and on shopping carts.”

    But it’s going to be a while before many shoppers feel like congregating in stores.
     
  7. Armani

    Armani Tech Support ⌨♥

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    Italy Shuts Down All Nonessential Commercial Activities
    In the country, only food stores and pharmacies are allowed to operate until April 3.

    MILAN — The coronavirus crisis in Italy keeps growing.

    On Wednesday night, Italian prime minister Giuseppe Conte officially announced the closure of all nonessential commercial activities throughout the country until April 3. In particular, beginning Thursday, the only stores able to remain open will be food stores and pharmacies.

    “If we all respect these measures, we will overcome this crisis faster. We are all part of a community of individuals and each of us have to do sacrifices now for the common good,” Conte said, highlighting that manufacturing companies will be able to continue operating in accordance with the existing safety measures.

    The first request to adopt the drastic measure came from Lombardy region president Attilio Fontana, who sent an official letter to Conte on Wednesday morning.


    “We are definitely close to the exhaustion of our resources. We are trying to do miracles to respond to the requests of health treatments, but if we don’t do something to invert the increasing number of patients, we will never be able to be as fast as the virus,” said Fontana on Wednesday during an interview with a local TV station. “We have to make sacrifices, we have to stay home, we have to be ready to renounce income, pleasant moments, everything.”

    Before the measure became effective, a wide range of brands and retailers had already decided to close their stores in Milan as well as in other regions.

    “In the city of Milan, about 50 percent of the commercial activities have spontaneously decided to shut down,” said Marco Barbieri, general secretary of Confcommercio Milano, Lodi and Monza and Brianza, the association that groups the company operating in the three provinces of the Lombardy region, said Wednesday afternoon. “Now the main goal for us is that the government support the companies we represent with the right measures,” he added, explaining that Confcommercio is asking for fiscal and financial support, including the rescheduling of loans, temporary tax suspension and the introduction of a monthly 500 euro allowance for freelancers.

    Giorgio Armani was among the first luxury companies to close its flagships, hotel and restaurants in Milan on Wednesday, as well as Gucci which, the same day, shut its flagships in Milan and Venice.

    Matteo Lunelli, president of Altagamma, the association that gathers 107 Italian high-end firms operating in the fashion, design, jewelry, food, hospitality and automotive categories, stressed that its companies are prioritizing the health of employees and customers, both at their plants and retail units, although the organization did not issue specific guidelines.

    Lunelli — who’s also president and chief executive officer of Cantine Ferrari, a leading sparkling winemaker based in Trento, Italy — was adamant that “our companies will undoubtedly act in compliance with the measures issued by the government. Now that making forecasts is so difficult, it’s important to adapt to the directions of the institutions that are managing the crisis.”

    “I see a strong cohesion among our companies and generally in the high-end sector but also on a social level…as people are becoming aware that this is a challenge for Italy, Europe and probably for the entire world,” he contended, hoping other countries, including the U.S., would face a more restrained emergency. In order to support its companies, Altagamma is collaborating with other institutions, including the Italian Camera della Moda and the European Cultural and Creative Industries Alliance, or ECCIA, which groups five European organizations active in those two fields.


    Talking about the economic effect of the COVID-19 crisis, Lunelli said he expects “a significant but short-term impact. It’s a tough challenge but I keep thinking that the growing trend of high-end and luxury goods globally will bounce back once the emergency is over.

    “The luxury goods sector is the first to be hit by a crisis like this one, but it’s also the first to react. The first half of the year might be compromised, but I hope the second part will show signs of recovery,” he noted, adding that the companies under Altagamma’s umbrella represent an “engine for the Italian economy, so it will be important for the sector to recover with enthusiasm.”

    Before the drastic measure was announced by Conte, Italian department store Rinascente — which initially planned to restrict opening hours for its Milan and Monza flagships — decided on Wednesday to close until April 3 all of its nine stores in the country, which include units in Rome, Florence, Palermo and Turin, among others.

    Coin also took drastic measures by closing all its stores, including 40 directly operated banners, three Coin Excelsior units in Milan, Rome and Trieste and a range of Coincasa home and furnishing flagships starting Thursday and until March 22. “It’s a precaution taken with the consciousness that this way we will be able to safeguard the health and safety of our employees and clients, with the conviction that we will contribute to shorten the time needed to overcome the issue,” said Coin’s president Giorgio Rossi.

    Calzedonia Group has extended the closure of all its stores throughout Italy for its brands including Calzedonia, Intimissimi, Intimissimi Uomo, Tezenis, Falconeri, Signorvino, Atelier Emé and outlets. “Because we do not sell essential and basic goods, we felt it was right to do what is in our power to protect as much as possible the health of our customers and our employees,” said founder and chairman Sandro Veronesi.

    Similarly, Benetton Group, which already implemented restrictions for its manufacturing activities by closing its plants in Ponzano Fabrica and Castrette, in the Veneto region, shuttered all its stores in the country for the United Colors of Benetton, Sisley and Undercolors of Benetton brands for two weeks.

    “It’s necessary more than ever to work together. Institutions, enterprises and each citizen should join forces to face this emergency. We feel a strong responsibility as a company toward our employees, customers and their families. We’re strong and I feel confident about the future of Geox, our sector and country once this difficult period is over,” said Mario Moretti Polegato, president and founder of footwear company Geox announcing all its 150 directly operated stores across Italy will be closed through at least March 15.

    To safeguard both employees’ and customers’ health, Aspesi also decided to temporarily shut down its stores in Italy beginning Wednesday.

    “Now more than ever, we’re all called to act responsibly toward ourselves and the community,” said the company’s ceo Simona Clemenza. “The priority is to reduce the occasions of infection and, in sync with the direction suggested by the institutions, we have taken this decision: to stop now in order to restart as soon as possible with even more determination.”

    Beauty-wise, Italian leading cosmetics label Kiko Milano shut all its 340 stores across the country until April 3.

    According to a study conducted by Confcommercio, the coronavirus crisis, which is dramatically hitting the Milan area, which generates 10 percent of the country’s gross domestic product, is expected to cost Italy a loss of 15 billion euros this year.
     
  8. Armani

    Armani Tech Support ⌨♥

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    Kering Donates 2 Million Euros to Support COVID-19 Fight
    The donation will benefit health-care organizations in Italy's Lombardy, Veneto, Tuscany and Lazio regions.

    While the online fund-raising campaign launched on Monday by digital entrepreneur Chiara Ferragni continues to exceptionally perform — more than 3.6 million euros have been raised so far — more and more fashion companies are making significant donations.

    On Wednesday, French conglomerate Kering, along with those of its luxury brands particularly active in Italy, including Gucci, Bottega Veneta, Saint Laurent, Balenciaga, Alexander McQueen, Brioni, Pomellato and Kering Eyewear, announced a 2 million euros donation supporting the fight against the coronavirus outbreak.

    The donation will benefit several health-care institutions across Lombardy, Veneto, Tuscany and Lazio, all key areas for the aforementioned Kering brands.


    Edizione Srl, the holding company of the Benetton family, also announced on Wednesday a 3 million euros donation benefiting four hospitals, – Cà Foncello in Treviso, Luigi Sacco in Milan, Lazzaro Spallanzani and Policlinico Agostino Gemelli in Rome, -while Italian designer Elisabetta Franchi decided to support Italian hospitals in the care of coronavirus patients by making a 50,000 euros donation to launch the #ifyouwantyoucan fund-raising campaign.

    On Monday, Marco Bizzarri made a personal donation of 100,000 euros to eight hospitals located in his native Emilia-Romagna region, while the previous night, Giorgio Armani announced the donation of 1.25 million euros to the Luigi Sacco and San Raffaele hospitals and the Istituto dei Tumori in Milan, as well as the Istituto Lazzaro Spallanzani in Rome, which are all fighting the coronavirus spread in the country. The amount will additionally support the activities of Protezione Civile, the country’s civil defense.

    Bulgari, Dolce & Gabbana, Versace, LVMH Moët Hennessy Louis Vuitton, Alibaba, L’Oréal, the Estée Lauder Cos. Inc., Shiseido Co. Ltd. and Swarovski are also among the companies who made donations to support the fight against the virus.
     
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  9. apple

    apple Well-Known Member

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    Thank you so much :heart: I really hope you're right and the world will go through this and come back stronger, wiser and more compassionate. Being separated should teach everyone the importance of unity and how everything works only if we're together
     
  10. MulletProof

    MulletProof Well-Known Member

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    LVMH announcing their 2.5 million donation any moment now..
     
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  11. eugenius

    eugenius Well-Known Member

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    I'm happy to see the fashion industry being proactive with such a critical issue, and actually being helpful for once. I like to think that the industry is just a bunch of brainless bubbleheads who don't really care about pertinent world issues, but I also like being proven wrong every once in a while.
     
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  12. Armani

    Armani Tech Support ⌨♥

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    The Future Is Still Uncertain for Italian Retail Employees
    Following Italy's lockdown in the coronavirus emergency, companies are still waiting to know what wage support measures they will have at their disposal to face the crisis.

    MILAN — Following the Italian government’s decision to temporarily shut down all nonessential commercial activities nationwide until March 25, in order to try to significantly limit the coronavirus infection, the situation regarding the employees of the stores that have had to close remains uncertain.

    “For the moment, they asked us to use our paid vacation days and it seems that they are trying to understand if they can put the stores’ staff into ‘Cassa Integrazione’ [government-funded leave],” said a store manager, who oversees the Milan unit of an Italian accessories brand with shops in the most important Italian cities. “However, unfortunately, those sales assistants who still had to complete the trial period were laid off, along with the cleaning staff without a permanent contract. I honestly trust the company I work for, but you actually never really know….I’m sure that in this crisis there will be someone who will try to take advantage of the situation.”

    According to sources, the brands under the Kering umbrella also as a first step asked the staffs of their Italian stores to use their R.O.L., an acronym standing for “working hours reduction,” or paid time-off periods that can form one or more working days off, as well as paid vacation days.

    “Working for an international company with no headquarters in Italy we are in a quite peculiar situation and we haven’t received specific directions yet,” said the manager of a boutique of a French luxury brand. “For the moment, we asked the staff to use their paid time-off periods and vacations. I think the company is waiting for the government to decide the measures to take in this difficult moment. For sure, it’s really hard to imagine that employees, who are using their paid holiday days now, will be able to have decent vacations this summer.”

    “When they told us that the store was going to temporarily close, they actually didn’t give us details,” said the store manager of a luxury flagship in Milan’s Golden Triangle shopping area. “I’m not sure they will ask us to use our paid holiday days as they did with colleagues working for other companies. I think the company is waiting to hear what measures the government decides to put at its disposal to face this moment.”

    Reached on Thursday, a LVMH Moët Hennessy Louis Vuitton spokesperson said, “employees from our stores in Italy are recommended to stay at home and they will continue to get paid.”

    How will companies and employers be able to cope with the current emergency?

    Since the kickoff of the crisis, the requests to the government coming from Confcommercio Milano, Lodi and Monza and Brianza — the association that groups the companies operating in the three provinces of the Lombardy region, the area most severely hit by the COVID-19 outbreak — were clear. The association’s general secretary Marco Barbieri said they include an extension of the ordinary “cassa integrazione,” a wage support measure usually applied to manufacturing companies, to commercial activities and to all those entities with less than 15 employees, as well as a temporary suspension of the payment of both loans and tax obligations.


    The Italian government is expected to sign a decree on Friday, and according to speculation, this should include the so-called “cassa integrazione in deroga,” a wage support measure also available for companies with less than five employees.

    Certain financial measures aimed at supporting employers and employees have already been applied to the “red zones” that the government defined at the beginning of the COVID-19 outbreak to support the companies in the areas of Codogno, Lombardy and Vò, in the Veneto region. On Saturday night — and, even more, on Wednesday — Prime Minister Giuseppe Conte announced the expansion of the coronavirus quarantine measures nationwide, he didn’t confirm the extension of the special measures to the areas outside the previous red zones.

    “With the decree, which is to be released tonight or tomorrow, the government is expected to extend the special measures to the whole nation applying facilitating procedures,” said Alessandra Ferroni, head of the labor law team at Italian law firm Gianni, Origoni, Grippo, Cappelli & Partners’ Milan office. “In particular, a wage support measure is expected to be introduced to enable employees to avoid the use of all their annual paid leaves, along with parental leaves for those employees unable to go to work to take care of their children with all the schools closed.”

    Ferroni also highlighted that, according to general principles of law, in theory companies would be entitled to cease paying their in-store staff, as they were forced to close their shops pursuant to Wednesday night’s national ordinance. But, if the new decree, as expected, provides for wage support measures, such behavior could be considered illegal.
     
  13. Armani

    Armani Tech Support ⌨♥

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    Not on the Go: Europeans Cope With Travel Ban
    Many companies have already banned much of their business travel plans for now.

    The globetrotting fashion set has been grounded by the coronavirus. The U.S. ban on travelers from Europe is just the latest blow. Already, businesses were keeping their employees closer to home base while most events have been canceled anyway. Here’s what companies are doing to cope.

    Balmain

    Given Balmain’s existing ban in business travel, creative director Olivier Rousteing will not be able to attend the Tribeca Film Festival, where the documentary “Wonder Boy” — retracing the designer’s search for his birth parents — is slated to make its U.S. debut. The festival is scheduled for April 15 to 26 and has its share of fashion-related events.

    Giorgio Armani

    “Mr. Armani and the management team stays in touch across all subsidiaries with video calls like in the past few weeks,” a company spokesperson said. Since no trips to the U.S. were planned in the upcoming weeks for the founder or company representatives, the group would not be affected by the measure.


    Moncler

    Moncler, which has canceled its extraordinary shareholders meeting scheduled for March 16, added separately that it is prioritizing the health of its employees and collaborators, implementing smart working across geographies while securing continuity of operations. Business trips have been canceled and the company remains flexible while constantly monitoring the situation as it develops.

    Tag Heuer

    The watch brand has maintained the launch event in New York on Thursday for its new generation of connected watches. Tag Heuer expects more than 300 journalists from across the world to join Frédéric Arnault, the brand’s chief strategy and digital officer, at the event. Only a small number of cancellations have been recorded, said a spokesman for Tag’s parent company LVMH Moët Hennessy Louis Vuitton.

    L’Oréal

    L’Oréal earlier this week extended its ban on employee business-related travel to April 30. Formerly, that had been through March 31.

    Groupe Clarins

    Groupe Clarins one week ago extended its employee travel ban for work to all countries until the end of May. The company had originally put the restriction in place for certain countries through March 31. It was too early to say whether the travel ban will disrupt plans for fall 2020 campaign shoots.

    Dior

    Dior shot its men’s campaign in New York last week, during a visit by creative director Kim Jones to celebrate his partnership with Sotheby’s on its spring contemporary art sale, a spokeswoman for the brand said. It has no further advertising shoots planned in the U.S. in the immediate future, she added.

    Henkel

    “For Henkel, the effects of the U.S. travel ban are limited, as Henkel has already introduced a policy that provides for the postponement of all business trips that are not business critical,”’ the company said in a statement. “If a trip is classified as ‘business-critical,’ it requires prior written approval. Marketing activities or campaigns are not affected by the travel restrictions.”

    Bulgari

    “We believe that in such a particular and unexpected moment, it’s important to follow correctly the directions given by the ministry of health and do everything possible to accelerate the resolution of this situation,” said Bulgari chief executive officer Jean-Christophe Babin, explaining that the company has been working via Skype and Zoom meetings for a couple of weeks now.


    “This has had no impact on our ordinary and extraordinary management of meetings and planning of future events,” said Babin, who also believes that President Trump’s European flight ban won’t obstruct the company’s business in the short term.

    “Our activities in the U.S. were concentrated in the first quarter,” said the executive, mentioning, among others, the Bzero1 product launch during New York Fashion Week last month.

    “Other projects will be staged toward the last part of the year and, for the moment, everything remains unchanged,” Babin said. “Some activities might be postponed a few weeks, but certainly not canceled, as growth in the U.S. is among our priorities.”

    For the moment, Bulgari employees in the U.S. are fully operative and focused on the ongoing projects, including local road shows that “we planned since a couple of weeks to avoid international travels during a situation we already forecasted as a delicate one.”

    On a personal level, the ban won’t impact Babin’s agenda as he did not have any business trips to the U.S. planned before June. Asked about the Met Gala, he said the company “will follow the decisions [taken] by the organizers.”
     
  14. dsamg

    dsamg Well-Known Member

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  15. Benn98

    Benn98 Well-Known Member

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    Well PornHub is also lending a..ahem, helping hand to Italians. :ninja:
     
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  16. eugenius

    eugenius Well-Known Member

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    I think Pornhub was also shoveling snow here in the States. Wait..or were they mowing lawns? :unsure:
     
  17. Armani

    Armani Tech Support ⌨♥

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    Emergency Declared, Retail Steps Into Coronavirus Fight
    The CEOs of Walmart, Target, and Walgreens stood with President Donald Trump as he unlocked $50 billion for the coronavirus response.

    President Donald Trump declared a state of emergency in the U.S., dramatically ramping up the response to the coronavirus — and with the help of major retailers.

    The move unlocks up to $50 billion in funds to fight the outbreak, which has hit the Seattle area hard and is now bearing down on New York.

    “We will overcome the threat of the virus,” Trump said in an address from the Rose Garden at the White House. He said every state would set up emergency operations centers while hospitals will prepare for more cases.

    With him at the Rose Garden ceremony were key executives of Walmart Inc., Target Corp., Walgreens, and CVS.

    Trump said Google is also helping develop a web site to help determine who will need to get tested for COVID-19, dedicating 1,700 engineers to the effort.

    Drive-through testing facilities will be set up — something retail is helping with.

    Doug McMillon, chief executive officer of Walmart, said the retailer would do “everything it can” to help and that a portion of the company’s parking lots would be used for people wanting to get tested.

    Brian Cornell, CEO of Target, noted the retailers would normally be viewed as competitors. “Today, we’re focused on a common competitor and that’s the spread of the coronavirus.”

    This week, the World Health Organization declared COVID-19 a pandemic. Together with an increase in cases, that ushered in an intense new phase to the outbreak in the U.S., where life has started to radically change for millions.

    If COVID-19, which first disrupted China, didn’t feel real in the U.S. before, it does now.

    The emergency declaration comes after Trump downplayed the threat of the coronavirus for weeks. But clearly he is now in motion and looking to get ahead of the crisis, especially after his address to the nation Wednesday night. During the address he unilaterally banned travel from Europe and sowed confusion and worry, contributing to the worst stock market decline in over 30 years on Thursday.

    Governments around the world have been taking more-drastic steps to contend with the virus. Italy is virtually shut down, central banks are pumping more money into the system while more cities and states unlock emergency funds.

    Declaring a state of emergency and invoking the Stafford Act gave the federal government authority to assist states as they cope with COVID-19.

    The move opens up access to billions of dollars in disaster relief funds appropriated by Congress.

    Under the act, the Federal Emergency Management Agency will coordinate where relief goes. Assistance ranges from direct federal services, grants and technical support, or reimbursements to states, according to a primer by the Association of State and Territorial Health Officials, which represents U.S. public health agencies.

    The law also provides immediate support to individuals for housing and opens up grants to help reduce the hazard.

    For retail, there could be little relief.

    The general focus in the hardest-hit areas, including New York, is now on social distancing and reducing the density of crowds.

    The National Basketball Association has hit pause on games, Broadway has gone dark, museums have closed and many people are working from home.

    None of that bodes well for retail. Consumer confidence is falling and foot traffic in stores — beyond the mad rush to get canned goods and water — is slipping.

    Retailers have been putting out more information about how they’re cleaning their stores and emphasizing health and safety, although consumers now are in hunker-down mode.
     
  18. Armani

    Armani Tech Support ⌨♥

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    Donatella Versace Joins the Fight Against Coronavirus
    Sergio Rossi and Santoni's CEO Giuseppe Santoni also made important donations.

    MILAN — Donatella Versace is the latest fashion personality to make a significant donation to help fight coronavirus infections.

    The Versace chief creative officer, along with her daughter Allegra Versace Beck, donated 200,000 euros to the intensive care department of Milan’s San Raffaele hospital.

    “In times like this, it is important to be united and support however we can to help all those who are in the front lines, fighting every day to save hundreds of lives. This is why Allegra and I have decided to make a personal donation of 200,000 euros to the intensive care department of San Raffaele hospital in Milan,” the mother and daughter said in a statement. “Our hearts go out to all those who have been affected by this disease and to all the doctors and medical staff who have been working heroically non-stop in the past weeks in the effort to take care of our loved ones. This is when we, as a society, need to stand together and care for one another.”


    Luxury footwear label Sergio Rossi also made a 100,000 euro donation to Milan’s Fatebenefratelli and Luigi Sacco hospitals. In addition, all the proceeds from the sales at sergiorossi.com will be fully donated to fight the COVID-19 outbreak.

    On Friday, Giuseppe Santoni, chief executive officer of high-end shoe brand Santoni, kicked off a digital fundraising initiative, making a 50,000 euro donation. His goal is to raise 500,000 euros to support Italy’s Marche region, where his company is based.

    On Friday night, digital entrepreneur Chiara Ferragni, who last Monday launched a fundraising campaign that raised 3.8 million euros, said that the digital platform that hosted her initiative made a donation of 250,000 euros to a range of Italian hospitals. In particular, gofundme.com, which was established in 2010 in the United States and already contributed 10,000 euros to Ferragni’s campaign supporting the San Raffaele hospital, will benefit hospitals across the Lombardy region, Naples and Milan.

    The same night, with an Instagram post Fendi men’s and accessories creative director Silvia Venturini Fendi announced that the Carla Fendi Foundation made a 100,000 euros donation to support the intensive care department of Rome’s Presidio Sanitario Columbus.

    On Wednesday, French conglomerate Kering, along with those of its luxury brands particularly active in Italy — including Gucci, Bottega Veneta, Saint Laurent, Balenciaga, Alexander McQueen, Brioni, Pomellato and Kering Eyewear — made a 2 million euro donation to several health-care institutions across Lombardy, Veneto, Tuscany and Lazio, all key areas for the aforementioned Kering brands.

    Italian designer Elisabetta Franchi also decided to give her support to the Italian hospitals that are taking care of the coronavirus patients by making a 50,000 euro donation to launch the #ifyouwantyoucan fundraising campaign.

    On Sunday night, Giorgio Armani announced the donation of 1.25 million euros to the Luigi Sacco and San Raffaele hospitals and the Istituto dei Tumori in Milan, as well as the Istituto Lazzaro Spallanzani in Rome, which are all fighting the coronavirus spread in the country. The amount will additionally support the activities of Protezione Civile, the country’s civil defense.


    Bulgari, Dolce & Gabbana, Versace, LVMH Moët Hennessy Louis Vuitton, Alibaba, L’Oréal, the Estée Lauder Cos. Inc., Shiseido Co. Ltd. and Swarovski are also among the companies who made donations to support the fight against the virus, while Gucci chief executive officer Marco Bizzarri has also made a personal donation of 100,000 euros to the Ausl IRCCS of Reggio Emilia.
     
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  19. Armani

    Armani Tech Support ⌨♥

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    Fashion Stocks Rebound, but the Coronavirus Lingers
    Wall Street bounced back up from its worst day since 1987.

    Fashion rode the stock wave back up — but the COVID-19 storm isn’t over.

    Markets regained their footing Friday and made back some of the ground lost on Thursday, which marked the worst day on Wall Street since 1987.

    The Dow traded up 639.94, or 3 percent, to 21,840.56 in morning trading, having lost 10 percent the day before. European stocks were also coming back, led by the FTSE MIB in Milan, up 11.1 percent, to 16,552.20, and the CAC 40 in Paris, ahead 5 percent to 4,247.82.

    Among the strongest gainers were Vince Holding Corp., up 19.6 percent to $5.25; J.C. Penney Co. Inc., 18.3 percent to 49 cents; Moncler, 15.2 percent to 29.95 euros; Revolve Group., 13.2 percent to $10.23; Salvatore Ferragamo, 11.5 percent to 10.66 euros; Kering, 8.5 percent to 417 euros; Burberry Group., 8.2 percent to 14.13 pounds, and LVMH Moët Hennessy Louis Vuitton, 7.5 percent to 324.20 euros.


    While it’s good for companies to regain some of their rapidly lost valuations, the continued volatility is still disruptive and there are many unknowns about the COVID-19 fallout.

    Kohl’s Corp., shares of which traded up 1.5 percent to $23.35 on Friday morning, axed its investor day scheduled for Monday and said it was prioritizing “the immediate safety and well-being of its customers and associates and the day-to-day operations of the business.”

    The retailer also said it has “recently experienced a softening in customer demand particularly in those areas most affected by the virus.” That slowdown did not extend to e-commerce.

    One of the big questions for retailers going forward is just how consumers will react as the outbreak spreads.

    On Friday, the March Refinitiv/Ipsos Primary Consumer Sentiment Index came in at 60.1, a 2.8 point decrease from last month.

    “The coronavirus outbreak and resulting market panic have more Americans spooked about the future of the economy,” said Chris Jackson of Ipsos. “As consumers look forward, they see many storm clouds significantly impacting their confidence. However, we do not yet see strong impacts on personal finances suggesting that the situation could turn if markets calm and the public health crisis is managed.”
     
  20. Benn98

    Benn98 Well-Known Member

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    Twitter’s Latest Spat: Condé Nast’s Roger Lynch Vs President Trump

    Condé Nast’s ceo defends Vanity Fair's coverage of how the president is dealing with the coronavirus.

    By Kathryn Hopkins on March 11, 2020

    Roger Lynch, chief executive officer of publishing giant Condé Nast, is not taking President Trump’s criticism of Vanity Fair lying down.

    Trump took to Twitter Wednesday morning to savage the glossy magazine, run by editor in chief Radhika Jones, over its coverage of him and how he’s dealing with the deadly coronavirus.

    Vanity Fair Magazine, which will soon be out of business, and their third-rate fake reporters, who make up sources which don’t exist, wrote yet another phony and boring hit piece. The facts are just the opposite. Our team is doing a great job with coronavirus!” he tweeted.

    Trump appeared to be referring to an article titled “He’s definitely melting down over this: Trump, germaphobe in chief, struggles to control the COVID-19 story,” penned by journalist Gabriel Sherman and published Monday.

    The article details how Trump has treated the public health crisis as a media war that he could win with the right messaging and that Republicans close to him now “fear his rosy assessments” of the deadly coronavirus are “fundamentally detached from reality in ways that will make the epidemic worse.” And despite his public bravado, he is privately terrified of contracting the virus, according to the piece.

    “As Trump pushes a nothing-to-see-here message in public, sources said he’s privately terrified about getting the virus,” Sherman wrote. “Stories about Trump’s coronavirus fears have spread through the White House. Last week, Trump told aides he’s afraid journalists will try to purposefully contract coronavirus to give it to him on Air Force One, a person close to the administration told me,” he added further down in the article.

    Fighting back, Lynch responded that he is “really proud” of all the work by Vanity Fair’s excellent team. “Speaking truth to power is what we will always do. And just to set the record straight, Vanity Fair had record audience numbers last month,” he wrote on Twitter.

    For his part, Sherman tweeted, “because a president doing a ‘great job’ fighting a deadly health pandemic would take time to rage tweet about a journalist instead of focusing on, say, increasing testing.”

    And Vanity Fair’s social media staff had quite the tongue-in-cheek way of dealing with Trump’s Twitter criticism. On Vanity Fair’s Instagram account, it posted his comment with the caption “Subscribe to third-rate fake news at the link in bio.”

    Among those to respond to the Instagram post were Vogue Mexico editor in chief Karla Martinez, who wrote: “He makes me want to subscribe.” Glamour editor in chief Sam Barry responded, “Dying at the caption.”

    WWD
     

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