PARIS -- A group of investors led by John Bult has reached an agreement with John Galliano to finance his fashion house, the English designer said over the weekend. Galliano said his new backers have leased a studio and showroom for him at 6 Rue Pavee...
PARIS -- A group of investors led by John Bult has reached an agreement with John Galliano to finance his fashion house, the English designer said over the weekend. Galliano said his new backers have leased a studio and showroom for him at 6 Rue Pavee in the Marais district, the former site of Azzedine Alaia's fashion house.
"It's a great space with lots of light and a wonderful place for us to see our private clients. We hope to move in shortly," said Galliano.
The new headquarters has a shop-front space that eventually may be used as a Galliano boutique, he said.
Galliano, who said he signed with Bult on Friday, termed the agreement "open-ended," but declined to elaborate. Bult, chairman of Paine Webber International, underwrote Galliano's critically acclaimed collection of 17 outfits, which was shown March 5 in the atmospheric setting of Sao Schlumberger's old Left Bank house.
At the time, he told WWD, "Our relationship with John will not end today. We hope to develop his collection into something important." He could not be reached for further comment over the weekend. The designer also said that his former backer, Faycal Amor, will no longer manufacture the collection, and production will be moved to another company.
However, he stressed that Amor had guaranteed to deliver American orders for Galliano's spring-summer collection.
Galliano declined to say how much money Bult was prepared to invest in his house or whether Amor had received a financial consideration from Bult.
Galliano's latest collection was bought by Bergdorf Goodman, which will carry it exclusively in New York.