Stricken fashion house Escada will gamble part of its shrinking reserves on persuading bondholders to sign up to a debt restructuring before it runs out of money, a source with knowledge of the situation told Reuters.
The luxury off-the-peg womenswear fashion house Balenciaga (PPR) announced on Friday 12 June that it had opened its first two boutiques in mainland China and expressed its intention to develop its implantation there.
French luxury firms are seeking to increase their presence in the Gulf to help offset the impact of the global financial crisis on the sector, a group repesenting 70 top-end labels said Friday 12 June.
Jimmy Choo is launching, in association with the Elton John AIDS Foundation which is concerned with AIDS prevention, a capsule collection, of which 25% of all sales will be used to finance the foundation’s Simelala centre in South Africa.
Massimo Dutti is continuing its international development. The label from the Spanish group Inditex has made its first foray into two new markets, Colombia and the Philippines, bringing the number of countries in which the brand is present up to forty-one.
Woodstock celebrates its fortieth anniversary this year. To celebrate this historic event, emblematic of the counter-culture, Universal Music is making a foray into the fashion world by launching a line of t-shirts in the festival’s colours.
Escada sold almost all of its mid-price fashion business Primera to a financial investor, the group said on Tuesday 26 May, in a bid to salvage its finances after warning it could go bust within weeks.
“My Adidas”, so went the lyrics by Run DMC in 1986. “Homeboy, got 50 pair", proclaimed the emblematic rap group. More than a panegyric, it was a merchandising feat which allowed Adidas to become a symbol of hip-hop culture