London Fashion Week to forge ahead in February despite UK lockdown


Selina Denman
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With the UK in the midst of a strict lockdown, the British Fashion Council has announced that London Fashion Week will take place as planned in February, but adopt a digital-only format.

The aim is to continue to support and promote the country's beleaguered fashion industry, in a way that is safe and in adherence with government guidelines.

The audience at Central Saint Martin's MA show at London Fashion Week February 2020. A year later, London Fashion Week will adopt a purely digital format. PA Images
The audience at Central Saint Martin's MA show at London Fashion Week February 2020. A year later, London Fashion Week will adopt a purely digital format. PA Images

The event will run from Friday, February 19 to Tuesday, February 23, with live shows, presentations and installations to be showcased on www.londonfashionweek.com. All designers presenting new content and selling their latest collections will be featured on the digital platform, which will be accessible throughout the year.

The British Fashion Council announced in 2020 that London Fashion Week would be a season-less, “gender-neutral showcase”, moving away from a traditional format of separate men’s and women’s shows.

While a full schedule of events for February has yet to be released, participating brands include Emilia Wickstead, Erdem, Halpern, Jordan Luca, Molly Goddard, Osman Yousefzada, Preen by Thornton Bregazzi, Richard Quinn, Rixo, Roksanda, Mithridate and Temperley London. A full list of brands can be found here.

"The BFC continues to ask government to engage in support of the fashion industry," said Caroline Rush, chief executive of the British Fashion Council. "One of the main active requests is to allow key creative and model talent to travel to and from the UK with a phased introduction of quarantine exemptions for the fashion industry, in order to carry out essential business, to protect the competitiveness of the British fashion industry."

“This further lockdown is incredibly challenging for businesses, freelancers and individuals.” Rush added. “Our industry is one of amazing creativity and this is more true in the UK than any other country. The majority of businesses and individuals we work with are independent businesses and creatives who contribute significantly to the cultural and creative reputation of our country.

We will continue to push for support and champion our extraordinary businesses to global audiences

"We will continue to push for support and champion our extraordinary businesses to global audiences. Despite all the challenges the last few years have brought, I truly believe that the creativity, agility and business savvy of our sector will prevail and the societal conscious of our British businesses and fashion workforce will see us recalibrate to not only be strong creatively but strong sustainably, too."

While London Fashion Week's June instalment was also digital-only, the event had made a return to live shows by September. More than 80 designers participated in the September event, with seven of the shows taking place in front of a slimmed-down audience and 21 consisting of a mix of physical and digital presentations. The 50 remaining events took place online only.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Fixtures

Opening day Premier League fixtures for August 9-11

August 9

Liverpool v Norwich 11pm

August 10

West Ham v Man City 3.30pm

Bournemouth v Sheffield Utd 6pm

Burnley v Southampton 6pm

C Palace v Everton 6pm

Leicester v Wolves 6pm

Watford v Brighton 6pm

Tottenham v Aston Villa 8.30pm

August 11

Newcastle v Arsenal 5pm

Man United v Chelsea 7.30pm

 

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

'Panga'

Directed by Ashwiny Iyer Tiwari

Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta

Rating: 3.5/5

MATCH INFO

Schalke 0

Werder Bremen 1 (Bittencourt 32')

Man of the match Leonardo Bittencourt (Werder Bremen)