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Retail Trust, the British Retail Consortium (BRC) and Retail Week and World Retail Congress (RWRC) and have joined forces in a bid to raise £10m for retail colleagues who are facing financial distress as a result of the Covid-19 pandemic.
Campaign group Save The High Street has launched a 12-week Covid-19 support programme, designed to help local businesses survive the ongoing health and economic crisis.
The government has announced new insolvency measures to protect businesses and “help them emerge intact” from the coronavirus crisis.
The British Fashion Council has announced £1m in support to help fashion businesses survive the Covid-19 coronavirus outbreak.
Chancellor Rishi Sunak has set out a new financial support scheme for the self-employed.
The British Independent Retailers Association (Bira) has launched a new coronavirus hub to assist members through the ongoing crisis.
Companies are to be given a further three months to file their accounts, as they continue to navigate the economic effects of the coronavirus pandemic.
In response to the immense economic impact of the coronavirus pandemic, the UK government has announced unprecedented levels of business support in the past two weeks, including grants to cover wages, business rates holidays and cash grants.
Chancellor Rishi Sunak has announced government business grants to cover 80% of wages of those employees not working due to coronavirus as the government today introduced more stringent social distancing measures to curb the ongoing crisis.
HM Treasury and the Bank of England are launching the Covid Corporate Financing Facility (CCFF) to help firms through coronavirus disruption to their cash flows.
Chancellor Rishi Sunak has extended the business rates holiday to all retailers, to help mitigate the growing economic impact of coronavirus.
Chancellor Rishi Sunak revealed a £30bn package to combat coronavirus, including a business rates suspension for small businesses in his first spring Budget today.
As the front-line fight against the Covid-19 coronavirus intensifies, UK suppliers and manufacturers have been quick to offer their services to the NHS for the production of personal protective equipment (PPE).
George Heaton is the founder of luxury streetwear label Represent, which is stocked by Harvey Nichols and Selfridges. He tells Drapers how the business is reacting to the impact of coronavirus.
Martin Mason, managing director of footwear manufacturer and brand Tricker’s, explains how the 191-year-old Northampton business has reacted to the coronavirus epidemic.
The future of the traditional wholesale model in fashion has been the subject of much debate over the past few years.
Even before the current crisis, retailers were rethinking their approach to physical stores. Will they ever recover from the blanket closures?
Vanessa Hodgson, founder and managing director of Suffolk- and Norfolk-based independent womenswear chain Collen & Clare, discusses how communicating amid the coronavirus crisis is the “only hope of moving forward”.
Simon Berwin, owner of Simon Berwin Advisory, and former managing director of menswear supplier Berwin & Berwin, discusses the importance of supporting those less fortunate during the coronavirus outbreak.
During times of crisis, difficult decisions are necessary to save businesses in the long term. But the way in which some retailers have culled staff and cancelled orders will rankle for months to come.
Drapers’ survey of the impact of coronavirus on the fashion retail industry reveals the cost in terms of lost business and job cuts.
Blair Nimmo, UK head of restructuring at advisory firm KPMG, tells businesses to make claims “clearly, early and with evidence” for the best chance of securing extended credit quickly.
Simone Cipriani, head and founder of the Ethical Fashion Initiative at the UN’s International Trade Centre, tells us how the coronavirus crisis will impact vulnerable people along the supply chain – and what retailers can do to help.