RED SHEETS: Luxury linens firm D. Porthault has entered into receivership. The company, owned by Bernard and Joan Carl, had racked up 2.5 million euros, or $3.7 million, of debt at the end of 2008, on sales of between 6 million to 8 million euros, or $8.8 million and $11.8 million. “The size of the company doesn’t fit the revenues,” said president Patrick Canivet. While Canivet said Porthault’s two French-based factories plus its stores, which include swanky Avenue Montaigne and Park Avenue locations, would continue to operate, the firm plans to make some of its 115 employees redundant. “My duty is to try to turn the company around,” Canivet said, adding that fall orders would be delivered, hopefully without delays.
PRINTED MATTER: Look out for a pop-up Hermès boutique this September at Liberty, the landmark London department store on Great Marlborough Street. Word has it the British retailer and the French luxury brand have also hatched some products in a collaboration that will meld Hermès motifs with Liberty’s famous prints.
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