BoF compiles the most important professional moves of the week.
LONDON, United Kingdom — A business restructuring firm says British designer fashion chain Nicole Farhi has filed for a form of bankruptcy. Restructuring experts Zolfo Cooper says it is in talks to sell the brand, one of Britain's best-known luxury clothing chains and a regular at London Fashion Week.
Sarah Burton (Interview) “When Sarah Burton was named Creative Director of Alexander McQueen in May 2010, she was charged with a task that many thought impossible… It was Burton who, despite the circumstances, helped shepherd to completion McQueen’s last collection for Fall 2010, which was in progress when he died.” How Carolina Herrera turned being chic into big business (CNN) “In her ‘uniform’
Farhi Sold (Vogue) “Nicole Farhi is on the cusp of a new wave of business expansion after private equity group Kelso Place Asset Management acquired a majority stake in the company. Kelso Place, which sold British luxury leather goods company Smythson in 2009, bought the stake from OpenGate Capital, which only acquired Farhi in 2010 for £5 million.” High-End Brands Are Missing the Boat on Mobile, Study Finds (Mashable)