NEW YORK — BM USA Inc., the U.S. arm of Italian firm Bruno Magli SpA, received confirmation of its reorganization plan from a Texas bankruptcy court in Plano.
The company is expected to complete its reorganization and emerge from Chapter 11 protection by Dec. 8.
Aaron Schwartz, president of Bruno Magli North America, said in a telephone interview, “This begins a new chapter for us as we continue to work on dedicating [resources] to our core business, as well as provide [our retail] customers with the best product.”
The company will focus on its wholesale operations for the immediate future. As a result of the filing, BM USA closed all seven retail locations. Court documents attributed the need to file for Chapter 11 to liquidity issues owing in part to several lease agreements.
Still, Schwartz wouldn’t mind expanding back into retail at some point. “Certainly, there is a desire on our part to open stores again in key markets, but right now that’s on the back burner until 2006,” he said.
Meantime, the Bruno Magli brand will be showcased in its first “shop-in-shop” concept store in footwear retailer Arthur Beren in Beverly Hills, on Wilshire Boulevard.
Bruno Magli products for wholesale distribution, although primarily men’s and women’s footwear, include a line of handbags for women and leather jackets and belts for men. While a small collection of ready-to-wear items had been available in the U.S. at company-operated retail stores, that line is not available as part of its U.S. wholesale business.
However, when its shop-in-shop opens this month, the concept store will feature both product from its wholesale business as well as exclusive items available only at Arthur Beren. That exclusivity could include both rtw and new test merchandise.
“We’re very proud of our 17-year partnership with Arthur Beren. While it is possible that we may expand the shop-in-shop to other locations, this first concept will serve as our prototype and laboratory,” Schwartz said.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
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Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
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@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)