The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The luxury brand, known for its occasion and bridal wear, has appointed joint administrators from Smith & Williamson after failing to find a rescue buyer, the advisory firm said Friday.
The designer label is the latest British brand to buckle under the financial strains caused by the pandemic.
The administrators will now seek to extract what value they can from the company’s assets, including inventory and its e-commerce site. Amanda Wakeley and a core team remain to support these efforts, though a small number of redundancies have been made, Colin Hardman, one of the joint administrators, said in a statement.
The Rome-based couture house’s bet on Rome’s most bankable design talent could help it punch above its weight.
The duo behind Skims are taking a minority stake in the luxury cashmere label, with an eye on scaling the cult brand.
After headline pieces — sometimes formerly owned by celebrities or featured on TV — sell for blockbuster prices, they can end up pretty much anywhere, from museums to collectors’ closets.
Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time.