Monday, 12 October 2009

Another Fashion Designer Files For Bankruptcy – 12/10/09

There has been another crushing blow to the fashion industry - with Japanese designer Yohji Yamamoto filing for bankruptcy protection.

According to a report in The New York Times, Yamamoto’s debt woes stem from the luxury market downturn that caused Japanese women, who were once the world’s most avid luxury shoppers, to turn to cheaper fashion. Swedish brand H&M was named as one of the new labels of choice for many Japanese.

The Yamamoto design house, founded in 1979, will continue to operate under Japan’s corporate rehabilitation law. So perhaps – like Christian Lacroix - there may be light at the end of the tunnel…

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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,