9.10.09

Yohji Yamamoto Files For Bankruptcy, Is Saved


It takes no genius to know that the recession absolutely blows for fashion- these are hard times for everyone. But truthfully, being smacked on a Friday night with news of Yohji Yamamoto filing for bankruptcy was a hard blow- hard enough to be the first piece of fashion news to ever bring me close to tears- and I'd have been well over the verge if the article hadn't confirmed that his firm can operate as usual since it found itself an investor.

The NYMag piece said nothing about what was to happen to Y-3 and Limi Feu (I wasn't clear whether the lines were owned by Yohji or not), so I decided to do a little digging around on Integral Corporation, the firm named as the aforementioned new investor. Turns out Integral is a Japanese corporation, and is indeed going to invest in both Yohji Yamamoto Inc. and Limi Yamamoto Inc, allowing them to continue business while the restructuring takes place .

It's rather a huge relief, really. Not only is a rather important design legacy going to carry on, but on a personal level, I'd have been heartbroken if Yohji had to close down while some other houses hired possibly-coke-addled starlets to give "artistic advice" to trained designers and sold unimaginative perfumes and leather rubbish ... but all's well that ends well, and I shall have my wardrobe of romantic angularity and non-traditionally sexy clothes to look forward to when I earn a salary to pay for them with...

And here is the press release announcing the entire thing (click on the link to read the PDF)
Also, RIP Irving Penn.

9 comments:

Liberty London Girl said...

Extraordinary isn't it? The world is turning upside down. LLGxx

WendyB said...

Don't worry -- the coke-addled starlet thing will end as quickly as it began.

ambika said...

I'm laughing about the coke-addled starlets. & the sad thing, there's more than one person that could refer to.

Fashion Cappuccino said...

That's such a huge relief! Yohji is a genius and I'm glad he will continue his collections! xoxoxxoxo

Dannie said...

ahh, now i can breathe easy again!
i looove hiiim!

Welcome Home said...

and breathe! Yohji can never leave us I'm so happy he will continue to share his genius.

kirstyb said...

thank goodness for that x

ed hardy said...

Awesome. I love this, your article so interesting. Thank you for sharing.

Gant Knitwear said...

That is a cool outfit! really digging the jacket!

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