Italian automaker Ferrari is building respirator valves at its Maranello plant as part of its COVID-19 aid. Image courtesy of Ferrari

Luxury Daily’s live news:

Italy’s Ferrari to make valves for respirators, fittings for protective masks to aid COVID-19 health workers
Italian sports car maker Ferrari has begun production of respirator valves and fittings for protective masks at its Maranello plant as part of its support to health workers treating COVID-19 coronavirus patients.

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British luxury lobby Walpole inks deals with Cegid, moneycorp for member benefit
British luxury trade association Walpole has formed new partnerships with retail software firm Cegid and forex specialist moneycorp.

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Alexander McQueen and the art of upcycling fashion
How does Kering fashion house Alexander McQueen handle upcycling in an industry that has come under fire for waste and extravagance?

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LVMH first-quarter revenue drops 15pc to $11.5B over COVID-19 lockdowns
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton, slammed by COVID-19 lockdowns in its key markets worldwide, saw first-quarter revenue drop 15 percent to $11.5 billion compared to the year-ago period, or a 17 percent fall on an organic basis.

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Who are the third-party platforms driving luxury ecommerce?
If luxury companies were not already operating through ecommerce, the coronavirus pandemic has acted as a call to do so – not necessarily to offer a brand’s entire range of product, just enough to appease the demand of quarantined luxury shoppers.

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US department stores, in survival mode, offer deep discounts to boost online sales
U.S. department store chains are hungry for revenue, offering consumers tantalizing online discounts to keep the lights on in an extremely dark period as government-mandated COVID-19 lockdowns threaten the stability of an already perilous business model.

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