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Luxury Fashion Stores Are Shutting Down Due To Coronavirus Epidemic

Luxury trend shops within the UK have begun flattening their shutters as a result of “unprecedented instances” offered by the coronavirus pandemic. MATCHESFASHION introduced the closure of its London shops “for the foreseeable future,” whereas Browns stated it was additionally closing outlets, together with its flagship retailer in Shoreditch.

Each firm stated that the security of shoppers and employees was a precedence, citing a recommendation from the World Health Organisation, NHS, and authorities on cope with the Covid-19 outbreak. All through the approaching weeks, each retailer will proceed to function their on-line operations as regular till suggested in any other case.

In a press release seen by The Independent, Browns CEO Holli Rogers mentioned: “We have now by no means been in a scenario as unprecedented as this earlier than and our group, our groups, and our prospects are what issues most.  “This can be a difficult time for us all – we’re navigating unchartered territory collectively and every day brings a brand new growth.

Whereas we now have been defending and safeguarding the environments of our Browns South Molton Avenue flagship retailer and Browns East retailer to make sure well being and wellbeing are prime notch, we now have taken the choice to quickly shut our shops together with our HQ and assist mitigate the chance of spreading COVID-19.”

The news comes lower than 24 hours after Chancellor Rishi Sunak introduced a money injection of £350 billion to assist companies in battle by way of the disaster. Mr. Sunak mentioned on Tuesday that the rescue bundle – which comes on prime of the £7 billion of assist for enterprise outlined in last week’s funds – features a one-12 months break from enterprise charges in addition to authorities grants of as much as £25,000 for struggling retailers and pubs.

Underneath the plans, banks have agreed to present struggling prospects a mortgage vacation of as much as three months.  Shadow chancellor John McDonnell mentioned the federal government should take pressing motion to guard staff and renters.

He mentioned: “Our work at the moment will deal with getting the Government to convey ahead an efficient package of measures to guard wages for employees laid off, the sick and self-isolating, self-employed and renters.

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