On Monday, the staff of Parisian label Sonia Rykiel, currently in receivership, voiced their fears for the future, while the Paris trade court is set to rule in July on a still mysterious potential buyer.
The LVMH-owned luxury label, which is getting ready for a big September relaunch with ready-to-wear, is redefining its image with a new logo and a shortened name, having dropped the founder's first name.
As it seeks to up its game in the fast-growing Chinese luxury market, it has been revealed that the New York-based womenswear brand has been acquired by Shenzhen-based private equity fund Green Harbor.
Parisian label Sonia Rykiel has filed for receivership and is looking for a new owner, FashionNetwork.com learned on Tuesday. The announcement comes after several years of declining sales at the label.
Chinese luxury label Icicle - which bought Parisian label Carven last October - will start its internationalisation drive from the heart of Paris, opening a flagship store on avenue George V next September.