BERLIN – In what is being termed a “restructuring,” Wolfgang Joop’s fashion company Wunderkind has let go most of its staff and cancelled its fashion show slated for Paris Fashion Week in March.
The Potsdam-based fashion house, founded by Joop and Edwin Lemberg in 2003, has yet to break even. In 2007, Hans-Joachim and Gisela Sander acquired 50 percent of the company, and in 2009, took over Lemberg’s 15 percent stake to now hold a 65 percent majority interest.
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