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.
Italy's Mediobanca and Sinergetica have been nominated advisors for the restructuring plan of troubled fashion fashion IT Holding, commissioners overlooking the process said.
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.
“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
Last December Women’Secret launched its first “test” packs for men (underwear and boxers), but they subsequently disappeared. Now, the ladies’ undergarment specialists has truly thrown itself into the venture and created Men’ Secret, a collection which will surely seduce the discerning gentleman.
Stricken German luxury fashion house Escada has agreed to sell its Primera unit with a hefty write-down, pushing its first-half earnings deeper into the red, it said late on Friday 22 May.
On the one hand a truly British fashion house, almost one hundred years old and a cashmere specialist. On the other, one of the most celebrated designers of his time, an artist without limits, with avant-garde designs; the two have united for a collection of “intelligent cashmere”.
In North America the fashion house Ungaro is entrusting the production of its menswear lines Ungaro Homme and Emanuel/Emanuel Ungaro to Neema Clothing, a company founded in 1991 and based in New York.
German fragrance-to-fashion house Douglas specified its full-year outlook after posting a wider-than-expected second-quarter pretax loss on Tuesday 12 May.
Italian fashion house Gucci sued rival fashion and leather goods label Guess Inc. on Wednesday 6 May, claiming it copied a dress design and several trademarked logos.
From now on, Adidas and Samsonite are partners. The sporting brand and the travel bag specialist have signed an exclusive licensing agreement which stipulates that Samsonite will produce and distribute bags and accessories for Y-3, the label set up under the joint auspices of Adidas and Yohji Yamamoto.
After having unveiled its first glasses to professionals during Mido, the international optical, optometric and ophthalmological tradeshow, Energie is presenting them to the general public from this spring. Miss Sixty, owner of Energie, will offer twelve pairs of glasses and six sets of sunglasses.
Swarovski is expanding into the horological sector. Presented at an advance preview in Bale, the first collection is no half measure, consisting of forty-five models in various shapes and innovative designs. The range proves once again that Swarovski is not lacking in daring.
New ideas and new products are bursting out of the Nina Ricci fashion house. After the announcement that Peter Copping would be in charge of artistic direction, the Ricci house will be launching its first ever line of bags in May. Christened “Ondine” they will, for the moment, be available in four models.
German fashion house Escada launched a broad refinancing package that aims to raise fresh cash, cut debt and replace a 200-million-euro bond to secure its survival.
