According to a source close to the negotiations, Peter Som, creative director at Bill Blass, is still working with NexCen Brands Inc. to determine the best way to proceed with the spring 2009 collection.
Contrary to reports, the source said Som can get out of his contract at any time, and his resignation last week did not come as a result of the decision to forego a runway show this September.
Issues between Som and Blass’ owners have been brewing for a while, with NexCen unable to financially support the line in the way Som envisions is required for a Collection business. According to sources, NexCen’s financial constraints has meant that much of the talent Som brought in hasn’t been paid in months.
Som himself is said to be upset at the situation, but willing to collaborate with NexCen to find a solution, which could involve a spring collection to be shown to retailers only in the company showroom. Som couldn’t be reached for comment.
The source believes that Som would “definitely” continue at Blass should NexCen be able to sell the brand to an owner that can support the business in a way that can make it a success.
As reported, the designer label has been on the selling block for months, a move prompted in part by angry shareholders at its cash-strapped parent NexCen. It is believed that NexCen is getting close to making a deal.
Windsong Brands LLC and Hilco Consumer Capital are said to be looking at Blass. Arnold Simon’s Designer Licensing Holdings, the Blass jeanswear licensee and owner of 10 percent of the Blass trademark, is also reportedly interested, as are the Iconix Brand Group and Phillips-Van Heusen Corp.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
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