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It has been a very chilly April, but thankfully the tea is still being served up piping hot. The first full month of spring always brings about big news in the fashion industry, and this month was no exception. Get your teacups ready, Fashion Reverie it about to pour a few cups of interesting fashion tea.A top luxury brand’s Madison Avenue flagship is hemorrhaging money due to his inability to listen to the advice of his former PR firm. When cautioned to scale back on some of his designs for the American market, the designer ignored this advice, and him and his PR eventually parted ways. His inability to adhere to their advice is costing him a pretty penny. Let’s see how much longer his store lasts.
A top fashion company will be moving their offices to none other than Hudson Yards. While rumors that the company is cash strapped have been floating, they don’t seem to be too hard up, because rents there are real estate prime, top dollar. After all, Hudson Yards is the new playground for the ultra rich.
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Things aren’t looking pretty for J. Crew. Not only is the company’s turnaround plan failing, but their employees also are exiting by the droves. Employees are jumping ship so fast it looks like a re-enactment of the Titanic. At this point, J. Crew is looking lost at sea with a buoy or lifeguard.A particular top model management company is witnessing an influence and prestige downgrade as they lose some of their models in development to other agencies. Additionally, to losing two of their top models this year to one of their biggest competitors. Oh, how the mighty might is falling. Name recognition is now not enough to maintain industry traction.
—Kristopher Fraser
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