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Versace Owner Closes 150 China Stores, Sees Virus Slashing Revenue By $100M

Biodegradability or recycled? Carbon inset or carbon offset? Lean manufacturing or made to measure? Blockchain or chasers? There are many routes to sustainability. Come learn the relative advantages each, and learn how to design strategies that address your company’s specific impacts and goals. Join us July 29 for our Sustainability FAQs Workshop with Gap Inc., SAC, Fashion for Good, Accelerating Circularity, Lectra & Cotton Incorporated.

Versace parent company Capri Holdings Ltd. closed more than half of its Mainland China store fleet as of Feb. 5, citing the coronavirus outbreak for the temporary measures. While the luxury holding firm easily beat Wall Street’s third-quarter estimates, the public health emergency has taken a toll on the company’s current fourth quarter and could pare revenues,…

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