list fashion companies
list fashion companies
The fashion world is also affected!
While the global economic crisis hits all industries, many fashion companies are also beginning to fall into credit problems. This is because consumers generally slow or stop spending on clothing and accessories in a recession. In recent months, There are several companies around the world that has declared bankruptcy.
Morgan
Recently, one of the biggest names in the fashion industry has been added to the list of companies having financial problems. Morgan, the 40-year-old French retailer has declared its negative condition. This shop has stores located in 57 countries and has reached its peak of popularity in the 90's.
Several celebrities have modeled their advertising campaigns - including Carla Bruni, David Ginola, and Mischa Barton The company expects a charge, but that is still. be seen.
IT Holding and Chanel
IT Holding is parent company of Malo and Gianfranco Ferre. However, currently is negotiating a partnership agreement with an investor group (Chinese) in order to help their finance.
Furthermore, Chanel has announced its plan to eliminate 200 jobs at its Paris office. This decision has come amid concerns Recent luxury of this artist, followed by the announcement to cancel their events planned for "Mobile Art" traveling museum of Chanel. Even Karl Lagerfeld, designer Chanel label has said that this move was just an artistic choice.
Salvatore Ferragamo
Some fashion brands in Italy are holding an emergency meeting with the Italian government and called for support to their industry or at least lessen the effects of economic slowdown.
But brands still, many have to throw lines that are more affordable to attract customers to carry out their wallets. In fact, Salvatore Michele Norsa Ferragamo, said he can not sit and wait for customers to come into the store on their own.
Another recent surprise announcement was made by Betsey Johnson and Vera Wang - said they will be showing their collections for autumn due 2009 in February, due to the turn in the economy. This move could be followed by other labels, as it shows it will cost thousands of dollars if it led to.
The industry experts said there could be a greater or lesser risk shows booked after the trend set by many designers. It was also found that the designs were also affected by the crisis, because many programs only was quiet colors and clean lines.
Prada
However, all is not gloom and doom - there is now a wealth of offerings that can be find (this includes up to 40% Off Prada stores in Milan) Since firms are cheating. customers to their stores, many of these could be 2009 is the year in the purchasing power of consumers return.
Many companies can focus on more classic pieces that have life. Moreover, There are predictions that the 2009 economic trends indicate that you can reuse some parts of last season. And when the crisis is over, it is likely that the players are the most important extravagant creations.
About the Author
The author of this article is Benedict Yossarian. Benedict recommends Costume Finder for all your fancy dress needs or perhaps Queens Leather for some stylish leather laptop cases?
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