Posts Tagged ‘Versace’

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Coat of the Day : Spring Street vs Madison Avenue

December 8, 2009
GIANFRANCO FERRE

Versace

h1 Coats to get through the Winter

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Another Bankruptcy’s Tale : Yohji Yamamoto

October 11, 2009

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Saddled with a $76 million debt, Yohji Yamamoto has filed for bankruptcy protection in Japan.Thanks God, someone-an investor- believed that Yohji is too iconic and inspirational to fail that he offered to bail him out of the whole mess.Investment firm Integral Corporation will infuse the Yamamoto empire with cash and help with management.Being a Yohji Yamamoto’s devotee and ex employee for years I can surely tell you that he’s one of the best designer of all times but forced to admitt that he had to make a more “sellable collection”  to weather the recession.

Basically everyone is cutting back : Especially in Japan once the world’s most avid shoppers of luxury,Japanese women are turning fast to low-cost brands like Uniqlo or H&M that Versace announced that it would close its Japanese store and Louis Vuitton abandonned plans to open a 12-story store in Ginza.