Confindustria Moda, an organisation representing the Italian fashion industry, has asked commercial premises landlords to put lease payments on hold for retailers due to the Coronavirus crisis, which has left Italy one of the hardest hit countries in the world.

Over 50 companies sigsned Confindustria Moda's letter to landlords with brands ranging from Moncler to Corneliani. Confindustria Moda represents a total of 66,000 companies who generated 95.5 billion dollars in revenue for the country.

All non-essential business activities in the country are on hold until April 3, when it will reassess opening. While Italy's rates of infection are slowing, the country will have to assess whether or not their healthcare system can handle any rates of new infections should they occur. Italy's healthcare system was crippled by the coronavirus with a shortage of ventilators and lack of hospital space leaving some patients to die.

The health situation has left the country with literally zero dollars in retail revenue, as there are neither residential shoppers nor tourists to be found, and non-essential businesses can't open. Marenzi is asking landlords to suspend payments until stores reopen again.

Even if Italy's rate of infections continue to level out, an April 3 restart date for their economy is looking unlikely. Quarantine could be expected for another several weeks as the government takes measures to make sure citizens are better safe than sorry.