fashion + beauty + insider interviews + est 2006

Thursday, July 26, 2007

NORDSTROM SELLS FACONNABLE FOR CHEAP


an ad for the faconnable line. (storms.be)

wow. and the sales don't stop. what is it about this summer? companies are selling off fashion brands like the gap sells khaki's: quick and cheap. the latest victim is facconable which, according wwd, was just sold by nordstroms for 210 million to the M1 Group, a company based in lebanon that's "seeking to build a porfolio of luxury and fashion brands." well good for all involved. but is it just me or is 210 million a bit cheap for a line like faconnable? there are plots of land in manhattan that cost more than that.

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