LONDON — Shares in Marchpole, the British men’s wear manufacturer and owner of the Jean Charles de Castelbajac label, were suspended from trading on the London stock exchange Wednesday, pending clarification of the group’s financial position.
According to a regulatory announcement, the company, which holds the license for Emanuel Ungaro men’s wear and which distributes the DKNY Black Label line in North America, Europe, Africa, the South Pacific, Asia and the Middle East, is in talks with its bankers, and “taking all appropriate measures to deal with the current challenging economic environment.”
A company spokeswoman declined to comment further on the specific reason for the suspension. The statement added that trading conditions were “extremely difficult” as a result of the deterioration in consumer markets, following the ongoing global financial crisis.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)