Jonathan Saunders Faces Financial Difficulties. Survival Is Not A Simple Matter.
Young designer brands are hard to survive, many of which are caused by the oppression of big brands, rising operating costs and slow investment returns, so that VC, which is an unexpected favorite of retailers, starts to become more interested in the technology industry, which has created many obstacles to the growth of designer brands.
Recently, some designer brands have been shut down.
Namesake brand
There are also plans to accelerate global expansion, or even to close the brand and announce the return. It is not easy for these young designer brands to get a good future.
Britain has been in the last few quarters.
Young designer brand
Jonathan Saunders is believed to face greater financial difficulties. For personal reasons, Jonathan Saunders has decided to resign from the brand name creative director of the same name and will terminate the operation of the brand with the same name.
Despite the success of the brand in January this year, it raised a sum of money from the 31 year old India businesswoman Eiesha Bharti Pasricha (she also owns some of Roksanda's shares).
But Jonathan Saunders will still complete the order of 2016 spring and summer series.
The designer created his own brand in 2003, and then won the support of the British Fashion Association / Vogue British Fashion Fund in 2012.
"In the past year, Eiesha has been a very good partner and we have great support, but we will still decide to finish.
I would like to express my heartfelt thanks to my friends in the industry and look forward to working with you in the future creative projects.
He added.
Mary Katrantzou, also a British designer brand, has established its independent brand since 2008. Since its landmark in digital printing, the average annual revenue of Katrantzou has doubled. For example, this year's Mary Katrantzou with more than $15 million in revenue this year has been eager to expand its business.
The achievement of these achievements does not depend on significant external investment.
Luxury shoe shoe brand Zhou Yangjie (Jimmy Choo) co-founder Tamara Mellon has created the Jimmy Choo storm.
Tamara Mellon, the brand name of its own brand, is not easy. It has declared bankruptcy protection recently. The brand was applied for bankruptcy reorganization after two years of establishment in late 2013, which is regrettable.
Tamara Mellon
It plans to complete bankruptcy reorganization within 60 days and establish a new company, New TMB.
In order to acquire shares of the new company, the brand will pfer some trademarks, domain names and intellectual property rights to the new company.
According to the documents, at present, the brand has assets of 100-1000 US dollars, but the amount of debt owed by 100 million ~1000 million is up to 100~199.
Among them, the largest creditor is Guangzhou Defa Fashion Co., which is about $200 thousand in arrears, followed by Calzaturificio Ilaria, a Italy shoe manufacturer who has been in arrears of $126 thousand and 500.
"In the past year, our focus is on the establishment of a senior management team that will bring us to a new level."
Mary Katrantzou said recently, the brand also hired a new CEO, Trino Verkade, and Verkade was also the executive vice president of Thom Brown.
The cost of hiring Verkade comes partly from the 200 thousand prize awarded by Katrantzou recently acquired by the British Fashion Association / Vogue Fashion Foundation (BFC/Vogue Fashion Fund).
Band of Outsiders was founded in 2004 by Scott Sternberg. At that time, men's wear started with Oxford shirts and began to design women's clothing in 2007. It was widely praised by fashion circles. Many fashion editors had a good mind. After stepping into the eleventh year, they gave up the introduction of 2015 new products in autumn and winter and came up with the crisis of collapse.
It is also announced that it will return in spring of 2017, but the founder, Scott Sternberg, will not participate.
5 Belgian Fashion Fund CLCC SA, who bought the brand intellectual property and inventory, said that Band of Outsiders will display its 2017 year old men's and women's clothing spring summer series to the buyers in September next year, and formally return to the high-end clothing market.
It is reported that the new series will be produced in advanced factories in Europe and Losangeles, and maintain their original location and price.
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