As the fashion industry navigates difficult times, some maybe gone by the time the water calms.
Harvey Nicols is searching for a white knight. The venerated department store has been suffering losses for number of years. Now according to the Financial Times, suitor Mike Ashley commented the luxury outlet is in a “death spiral” facing many challenges.
Another upscale label is facing the wolves. After 175 years, Swiss brand Bally continues to struggle. Owners Regent L.P. closed shoe its last production facility in Italy. Years of directionless management left the original quiet luxury mark in a tailspin.
