Is Fashion Failing?
For the past couple of weeks, fashion’s major headlines have revolved around businesses closing up shop. Rachel Roy’seponymous line was discontinued by its parent company Jones Group. Roy’s labelmate Brian Atwoodclosed his Madison Avenue boutique two weeks ago without so much as a warning (or goodbye sale).
Is the fashion industry hitting hard times?
The uncertainty is happening across the pond, too. Mulberry has been operating without a creative director since Emma Hill stepped down in June after six years at the label. Now, the British brand is without a CEO as well. Women’s Wear Dailyis reporting that after two years as CEO, Bruno Guillon has resigned, effective immediately.
On the flip side, the headlines aren’t always so bad. Brands like Jimmy Choo, Marc Jacobs and possibly, J.Crew, are all in talks of initial public offerings in the near future. Considering how successful Michael Kors and Vince were in going public, it isn’t hard to see why that would be a viable option.
It should be noted that major shakeups are what make fashion exciting both as an industry and a consumer. You can count on us to bring you the headlines—good or bad.