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Versace is the latest fashion house to donate in fight against novel coronavirus

The label has pledged around S$200,000 to the Chinese Red Cross Foundation to help alleviate the urgent medical supplies shortage in the country.

Versace is the latest fashion house to donate in fight against novel coronavirus

Donatella Versace, Chief Creative Officer of Versace. (Photo: Versace)

Milanese label Versace is the latest fashion house to step in to help end the growing coronavirus health crisis. Following in the footsteps of companies such as LVMH, Kering and Swarovski, the house has pledged a donation of 1 million yuan (approximately S$200,000) to the Chinese Red Cross Foundation. The funds will help to alleviate the urgent medical supplies shortage in the country.

READ> LVMH, Kering and Swarovski donate more than S$5m to combat novel coronavirus

“My heart goes out to those affected by the coronavirus and their families," said Donatella Versace, Chief Creative Officer. "We are sending our love and support and I urge everyone to help by donating to groups on the ground that assist those in need."

"My heart goes out to those affected by the coronavirus and their families. We are sending our love and support and I urge everyone to help by donating to groups on the ground that assist those in need." – Donatella Versace

Versace’s donation comes amidst reports of its parent company store closures in China. As the coronavirus continues to spread in the country, several retail stores have been shut. 

Capri Holdings, whose portfolio also includes Michael Kors and Jimmy Choo, has shut approximately 150 of its 225 stores in mainland China as of February 5.

A report by Reuters cited that the company also warned investors of a US$100 million (S$138.6 million) hit to revenue due to the outbreak. 

"The situation in China and the measures being taken to protect the population are having a material impact on our business," John Idol, CEO of Capri Holdings, said in a statement.

READ> How luxury brands in Singapore are coping with the novel coronavirus outbreak

Source: CNA/st

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