Jeremy Scott recently had two announcements. First, it was announced that Scott is showcasing both Moschino’s men’s and women’s Resort 2017 collections in Los Angeles where Scott currently resides. The next announcement was Scott signing with WME-IMG, the man force behind New York Fashion Week: The Shows.
Jeremy Scott’s eponymous brand is one of the must-see shows during New York Fashion Week: The Show. By representing Scott, who has a huge celebrity and fashionista following, WME-IMG can help Scott further solidify his deep roots in celebrity culture and become more of a household name.
No namesake brand for Hedi
Though rumors have been circulating for months in fashion circles that Hedi Slimane left Saint Laurent to launch his own fashion company, Slimane, through his attorneys, has squashed all the rumors.
“For the record, Hedi Slimane has never had in the past, let alone now, the intention or desire to launch a brand under his name, and therefore denies recent rumors of alleged encounters with investors, in Paris or in Doha, where he has in fact never been,” explained Slimane’s lawyer Herve Temime. It was projected that Slimane was in Doha looking for investors.
Stella McCartney will unveil her first ever menswear collection in June at the brand’s showroom in Paris for a select group of buyers. McCartney’s spring 2017 menswear collection is the recent expansion of the brand that includes accessories, a children’s line, lingerie and soon to launch swimwear line.
Launched in 2001 as a joint venture with Keurig, McCartney’s new swimwear line will be produced under licence by New Zealand group, Bendon.
Aeropostale’s business woes
On Wednesday Aeropostale filed for Chapter 11 bankruptcy. In its filing in a New York court, the company confirmed that has $390 million dollars in US debt and its assets are worth around $ 354 million US dollars.
Aeropostale has shut down 154 stores in total—113 in U.S. and 41 in Canada. It had around 800 stores and more than 14,500 staff across in the US, in addition to Canada and Puerto Rico. Liquation sales began on May 7 in the US and May 9 in Canada.
The company has received $160 million dollars in bankruptcy financing from Crystal Financing LLC. On April 22 Aeropostale was delisted by the NYSE due to an abnormally low trading price and was suspended from trading its commons shares.
—William S. Gooch
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