Most Recent Articles In Fashion ScoopsMost Recent Articles In Fashion Scoops
MORE TO GO AT UNGARO? Following the departure of chief executive officer Jeffry Aronsson last month comes further news of retrenchment at French fashion brand Emanuel Ungaro. Retailers were informed this week that Ungaro would not be able to deliver its spring-summer collection because of an internal reorganization, WWD has learned. Furthermore, Ungaro said it would not present a collection for fall-winter and canceled appointments for pre-fall, originally scheduled to take place next week.
Entrepreneur Asim Abdullah, who acquired the brand from Salvatore Ferragamo in 2005, confirmed the reorganization but declined to comment on specific measures. “We are going through an internal reorganization to support a new business model that will allow the company to be profitable in the near future. The company remains financially viable and we believe that the brand will continue to thrive under the new strategy that we will discuss in the coming months,” he said.
Officials at Ungaro have yet to confirm the departure of Aronsson, a U.S. turnaround expert who joined the firm last June. The planned reorganization, which will likely involve job cuts, is the latest chapter in a rocky recent history for the brand, which has yet to find a lasting replacement for its founding designer since he retired in 2004.