As a result, they announced the closure of 200 of its stores including those based in Canada, Europe and Asia. With the onset of the ongoing pandemic, however, many global fashion giant outlets have unfortunately been forced to go the Forever 21 way. French fashion houses Chanel and Hermes are among the high fashion companies that have stopped their production while Nike prepares itself for its second phase of redundancies. The Victoria Fashion show management was bluntly honest when they admitted that there was no material impact on short term sales even after airing the show. Will we see more brands close down or will the affected strive to regain themselves when all this is over?

Source: Standard Digital August 29, 2020 08:31 UTC