Fashion designers in debt

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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.

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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.

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

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