Online luxury sales had been ramping up for some time as consumers became more comfortable with buying used items online, and auction houses and other resellers explored strategies beyond the traditional high-touch model of live sales.

The jewelry retailer plans to open 50 showrooms over the next three years and is investing heavily in enhancing its virtual appointments.

Movado is moving its brands to the eShopWorld platform, which helps merchants more easily sell in more than 200 markets by providing local payment options and help with customs and duties.

LVMH moved Wednesday to call off a $16 billion purchase of Tiffany, with the Louis Vuitton owner saying the French government requested that it delay the deal for reasons related to a U.S.-France trade dispute.

With consumers staying away from public spaces, retailers are coming to terms with selling products via FaceTime and curbside pickup.

Meanwhile, Gucci owner Kering is seeing signs of a recovery led by online sales.

LVMH follows Richemont and Burberry in reporting what analysts expect will be the industry’s worst quarter ever because of the pandemic. Plus, Tailored Brands is likely to go bankrupt in Q3.

The Louis Vuitton owner said directors met to examine the agreement to buy Tiffany's, while L Brands is looking to raise $1.25 billion in its first bond sale since losing a key deal with Sycamore Partners that would have given the private equity firm control of Victoria’s Secret.

LVMH’s planned purchase of Tiffany has been the subject of speculation after the coronavirus pandemic altered the consumer landscape across the globe.

CEO Charles Gorra said the COVID-19 outbreak makes Rebag’s business model and growth initiatives more relevant.