The impact of the coronavirus is being felt by virtually every industry.
The COVID-19 pandemic, which amassed 182,100 cases and caused 7,305 deaths globally as of March 17, has led to the disruption of everyday life, with local governments enacting strict measures to contain the virus’ spread.
Among those hit hardest by the decline are G-III Apparel Group , Capri Holdings , RealReal Inc. , Tapestry Inc. and Nordstrom Inc. .Chiara Ferragni and Fedez at Fendi’s fall 2020 show. Swan Gallet/WWD/Shutterstock Powerhouse influencer Chiara Ferragni and her husband, Fedez, launched a GoFundMe fund-raiser on March 9 — making a personal donation of 100,000 euros — to raise money to create new hospital beds in intensive care areas of Milan’s San Raffaele hospital. The fund-raiser has amassed more than 4.2 million euros.
The restaging of Chanel’s Métiers d’Art show, Ralph Lauren’s fall 2020 show and Burberry’s fall 2020 show are also being postponed due to the virus.A number of high-profile events have been canceled over the last few weeks as the Centers for Disease Control and Prevention enacted more stringent guidelines on large group gatherings.
As several major events are being canceled due to COVID-19, others are going virtual to go forward with their pre-planned summits and trade shows.
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