Friday, 16 October 2009

After Yamamoto’s Lucky Escape, Is Escada Next? – 16/10/09

It is clear that you can’t keep a good brand down. Yohji Yamamoto, the Japanese designer who filed for bankruptcy this week, is being bailed out by Integral Corp., an investment company based in Tokyo, according to Bloomberg.

And in another Bloomberg report, we discovered that Escada, who filed for insolvency in August, has received acquisition bids from at least five investors. So, there could be another happy ending on the cards.

For background info on the Escada insolvency, see the MO Down for 13 August.

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Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,