Investor Marc Dreier has defrauded a number of American investment funds, as well as to a lesser extent around twenty brands including Nike, Adidas, Diesel, Tommy Hilfiger, Seven for all Mankind and Nautica.
Japanese label Comme des Garçons is releasing trainers in partnership with Converse this month. This limited edition series will be on sale in the brand’s boutiques and other multibrand stores in the near future.
Beauty specialist Coty Inc has signed a licensing agreement for the development and commercialisation of the next perfumes from Guess. At the same time they have also taken on the rights to distribute all the brand’s current perfumes, starting in January 2010.
With the backdrop of the recession, luxury houses are taking another look at their strategies and habits. As a result, in October Givenchy will be launching a line which will cost less than its principal collection.
German luxury fashion house Escada faces a critical verdict from bondholders on its rescue programme on Tuesday 11 August, and with just a day to go is still some way short of the support level needed.
New Look has signed a partnership with a brand new label. Called “Idol”, this new brand with strong rock influences will be seeking to establish itself in the world of fashion and will be available from this Fall in forty-two New Look stores across the world.
Uniqlo ‘+J’ is the name that the Japanese label has come up with for its collection which was produced in association with Jil Sander for autumn-winter 2009. The collection will be available in Uniqlo’s network of boutiques across the world.