Debenhams officially filed for administration on Thursday in a widely flagged move to protect it from the worst effects of the coronavirus crisis. It's the second time in a year the chain has gone into administration.
Vuarnet will donate 20% of its April revenues to healthcare personnel, entering the struggle against Covid-19. The famed sunglass manufacturer will contribute its donation to the fund All United Against the Virus.
Unibail-Rodamco-Westfield has announced pay cuts of between 20% and 25% for its senior execs with the unpaid salaries and fees being used to support efforts to fight the coronavirus in the countries in which it operates.
Arcadia is reportedly racing to raise extra cash as the coronavirus crisis adds to its existing problems. A report has said that it’s seeking to borrow £50m against its distribution centre in Northamptonshire.
Five Democratic lawmakers on Wednesday wrote Amazon to raise concern about its firing of a worker who protested warehouse operations during the coronavirus pandemic, according to a copy of the letter seen by Reuters.
H&M , the world's second-biggest fashion retailer, said on Wednesday it had signed a 980 million euro ($1.1 billion) revolving credit facility to strengthen its liquidity buffer in light of the coronavirus pandemic.
Marks & Spencer is donating thousands of T-shirts bearing the message “We are the NHS” to dress staff and volunteers at temporary hospital NHS Nightingale London. And over 4,000 pyjama sets will be donated as scrubs.