Fashion brand Esprit filed for #insolvency under self-administration yesterday for its European business. This is the fashion brand's second insolvency in four years. The operation with 1,500 employees will continue until further notice. The aim for the insolvency under self-administration is to restructure Esprit's European business, which is largely managed from Germany, and to reposition it for the future. To this end, all options for viable future solutions will be explored quickly. Before the insolvency application was submitted, Esprit reported that negotiations were held with an investor, allegedly that would be the British financial investor Alteri, which also owns the CBR Group with the labels Street One and Cecil. This investor had expressed interest in significant parts of the assets of the Esprit companies as part of a continuation concept. Negotiations regarding the acquisition of the trademark rights for Europe by this investor would already be at an advanced stage. As a supplier, it is extremely important to properly claim your rights and to determine your legal position, especially regarding a retention of title. A number of creditors have already contacted us and are being serviced by our own legal department and lawyers in #Germany. #insolvency #bankruptcy #fashion #creditmanagement #retentionoftitle #tradecreditinsurance IAF: International Apparel Federation | TGSD Türkiye Giyim Sanayicileri Derneği | Danish Fashion & Textile | Creamoda Belgian Fashion | MODINT | GermanFashion Modeverband Deutschland | Gesamtverband der deutschen Textil- und Modeindustrie e.V.
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👛 Intellectual Property Partner Karen Artz Ash and Associate Cynthia Martens authored an article for Bloomberg Law on the recent case brought against Hermès by two California residents alleging the luxury brand violates US antitrust law by requiring customers to buy other company products before they can purchase a Birkin bag, which has become a highly sought-after status symbol. While “exclusivity matters” as a brand strategy, the authors emphasize that fashion companies should remember to seek antitrust counsel before exploring gatekeeping measures. Read more ⬇️ #Hermes #IPLaw #AntitrustLaw #Fashion
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👛 Intellectual Property Partner Karen Artz Ash and Associate Cynthia Martens authored an article for Bloomberg Law on the recent case brought against Hermès by two California residents alleging the luxury brand violates US antitrust law by requiring customers to buy other company products before they can purchase a Birkin bag, which has become a highly sought-after status symbol. While “exclusivity matters” as a brand strategy, the authors emphasize that fashion companies should remember to seek antitrust counsel before exploring gatekeeping measures. Read more ⬇️ #Hermes #IPLaw #AntitrustLaw #Fashion
Birkin Bag Suit Pits Antitrust Law Against Desire for Exclusivity
katten.com
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👛 Intellectual Property Partner Karen Artz Ash and Associate Cynthia Martens authored an article for Bloomberg Law on the recent case brought against Hermès by two California residents alleging the luxury brand violates US antitrust law by requiring customers to buy other company products before they can purchase a Birkin bag, which has become a highly sought-after status symbol. While “exclusivity matters” as a brand strategy, the authors emphasize that fashion companies should remember to seek antitrust counsel before exploring gatekeeping measures. Read more ⬇️ #Hermes #IPLaw #AntitrustLaw #Fashion
Birkin Bag Suit Pits Antitrust Law Against Desire for Exclusivity
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👛 Intellectual Property Partner Karen Artz Ash and Associate Cynthia Martens authored an article for Bloomberg Law on the recent case brought against Hermès by two California residents alleging the luxury brand violates US antitrust law by requiring customers to buy other company products before they can purchase a Birkin bag, which has become a highly sought-after status symbol. While “exclusivity matters” as a brand strategy, the authors emphasize that fashion companies should remember to seek antitrust counsel before exploring gatekeeping measures. Read more ⬇️ #Hermes #IPLaw #AntitrustLaw #Fashion
Birkin Bag Suit Pits Antitrust Law Against Desire for Exclusivity
katten.com
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👛 Intellectual Property Partner Karen Artz Ash and Associate Cynthia Martens authored an article for Bloomberg Law on the recent case brought against Hermès by two California residents alleging the luxury brand violates US antitrust law by requiring customers to buy other company products before they can purchase a Birkin bag, which has become a highly sought-after status symbol. While “exclusivity matters” as a brand strategy, the authors emphasize that fashion companies should remember to seek antitrust counsel before exploring gatekeeping measures. Read more ⬇️ #Hermes #IPLaw #AntitrustLaw #Fashion
Birkin Bag Suit Pits Antitrust Law Against Desire for Exclusivity
katten.com
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👛 Intellectual Property Partner Karen Artz Ash and Associate Cynthia Martens authored an article for Bloomberg Law on the recent case brought against Hermès by two California residents alleging the luxury brand violates US antitrust law by requiring customers to buy other company products before they can purchase a Birkin bag, which has become a highly sought-after status symbol. While “exclusivity matters” as a brand strategy, the authors emphasize that fashion companies should remember to seek antitrust counsel before exploring gatekeeping measures. Read more ⬇️ #Hermes #IPLaw #AntitrustLaw #Fashion
Birkin Bag Suit Pits Antitrust Law Against Desire for Exclusivity
katten.com
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👛 Intellectual Property Partner Karen Artz Ash and Associate Cynthia Martens authored an article for Bloomberg Law on the recent case brought against Hermès by two California residents alleging the luxury brand violates US antitrust law by requiring customers to buy other company products before they can purchase a Birkin bag, which has become a highly sought-after status symbol. While “exclusivity matters” as a brand strategy, the authors emphasize that fashion companies should remember to seek antitrust counsel before exploring gatekeeping measures. Read more ⬇️ #Hermes #IPLaw #AntitrustLaw #Fashion
Birkin Bag Suit Pits Antitrust Law Against Desire for Exclusivity
katten.com
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👛 Intellectual Property Partner Karen Artz Ash and Associate Cynthia Martens authored an article for Bloomberg Law on the recent case brought against Hermès by two California residents alleging the luxury brand violates US antitrust law by requiring customers to buy other company products before they can purchase a Birkin bag, which has become a highly sought-after status symbol. While “exclusivity matters” as a brand strategy, the authors emphasize that fashion companies should remember to seek antitrust counsel before exploring gatekeeping measures. Read more ⬇️ #Hermes #IPLaw #AntitrustLaw #Fashion
Birkin Bag Suit Pits Antitrust Law Against Desire for Exclusivity
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"As Italy’s fashion royalty ages, the era of the all-powerful designer is coming to a close. Armani embodies a generation of designers who wielded broad authority over their fashion houses, from the design studio to the boutique. They are, above all, business owners, calling the shots on corporate governance as well as global expansion. That business model is under siege. Italian designers, no longer in their creative prime, have to navigate a fashion landscape that is now the province of massive conglomerates. Multibrand groups are deploying their financial firepower to penetrate China and other foreign markets. Designers have become hired guns, brought in to rejuvenate a brand and jettisoned once sales sag. It is an approach investors reward. French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has a market value more than 20 times the size of its closest publicly traded Italian rivals.The smaller scale of Italian brands makes them easy targets. Swiss conglomerate Richemont, which owns Cartier, recently snapped up Italian shoemaker Gianvito Rossi. This summer Kering, the French group that has long owned Gucci, bought a 30% stake in Italian couturier Valentino with an option to buy the entire brand in the next five years."
Italy Defined Fashion. Then It Got Old.
wsj.com
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👛 Intellectual Property Partner Karen Artz Ash and Associate Cynthia Martens authored an article for Bloomberg Law on the recent case brought against Hermès by two California residents alleging the luxury brand violates US antitrust law by requiring customers to buy other company products before they can purchase a Birkin bag, which has become a highly sought-after status symbol. While “exclusivity matters” as a brand strategy, the authors emphasize that fashion companies should remember to seek antitrust counsel before exploring gatekeeping measures. Read more ⬇️ #Hermes #IPLaw #AntitrustLaw #Fashion
Birkin Bag Suit Pits Antitrust Law Against Desire for Exclusivity
katten.com
