Fashion designers in debt

| | Comments (0) | Retweet

The fashion world, rocked by the sharp slowdown in retail sales the past six months, is now struggling to stay afloat. In-demand menswear designer Thom Browne is struggling to find a financial backer and battling a drop in retailers' orders for his $5,000 men's suits. The fashion house may have to file bankruptcy if backing is not found soon.

Meanwhile, mass marketeer Marc Ecko is refinancing hundreds of millions of dollars of debt. The lack of liquidity in the financial markets suggests Ecko may have to divest some of its business lines in order to meet the debt obligations.

0 TrackBacks

Listed below are links to blogs that reference this entry: Fashion designers in debt.

TrackBack URL for this entry:

Leave a comment

Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

About this Entry

This page contains a single entry by David Wertheimer published on March 26, 2009 10:09 AM.

BI-LO bankrupt was the previous entry in this blog.

Lindt & Spr√ľngli closing stores is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.