{"id":132427,"date":"2020-03-13T13:30:56","date_gmt":"2020-03-13T17:30:56","guid":{"rendered":"https:\/\/models.com\/oftheminute\/?p=132427"},"modified":"2020-03-16T10:23:19","modified_gmt":"2020-03-16T14:23:19","slug":"lvmh-finalists-named-covid-19-concerns-continue-and-more-of-the-news-you-missed","status":"publish","type":"post","link":"https:\/\/models.com\/oftheminute\/lvmh-finalists-named-covid-19-concerns-continue-and-more-of-the-news-you-missed\/","title":{"rendered":"LVMH finalists named, COVID-19 concerns continue and more of the news you missed"},"content":{"rendered":"

As Sales Decline, Revlon Gets Leaner With Layoffs <\/strong>
\nThe cosmetics, skincare and fragrance giant Revlon Inc.<\/a> announced Monday plans to cut 1,000 positions in order to save $230 million dollars by the year 2022. The move aims to bounce back the company from a decline in profitability with sales down for five quarters, reported The Business of Fashion. Along with layoffs, Revlon will be refinancing its debt and cutting additional costs to, “significantly enhance the company\u2019s capital structure,” said a statement. [BOF<\/a>]<\/p>\n

LVMH Contest Names its Eight Finalists<\/strong>
\nChosen from a group of 20 semi-finalists, the annual LVMH Prize contest finalists were named this week, they are: Ahluwalia, Casablanca, Chopova Lowena, Nicholas Daley, Peter Do, Sindiso Khumalo, Supriya Lele, and Tomo Koizumi. The founder of the LVMH prize, Delphine Arnault, said in a statement, “This year, once more, the semi-finalists impressed us with their creativity and their commitment to creating clothes that are respectful of the environment,” continuing, “The eight finalists all have in common to be very talented in their respective fields and to aspire to enhance know-how.” The finalists will be hosted in Paris on June 5th where the winner of the contest will be determined and announced by its illustrious industry panel. New additions to the group of experts are Rihanna, Virgil Abloh, and Stella McCartney. [Vogue<\/a>]<\/p>\n

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