GILLIAN GROUP FILES CHAPTER 11 TO LIQUIDATE ST. GILLIAN, BICHON
NEW YORK--Six weeks after it shut its doors, The Gillian Group has filed liquidating Chapter 11 petitions in bankruptcy court here. The two filings, one for St. Gillian Sportswear Ltd. and the other for Bichon Apparel Ltd., both doing business as The Gillian Group, were made less than a month after three creditors filed an involuntary Chapter 7 petition against A.J. Bari Inc., an affiliated company. Robert A. Abrams, of Angel & Frankel, counsel to Gillian, has successfully converted the involuntary petition to Chapter 11. Jon R. Levy, president, said in court papers he made the filing to retain possession of the company during liquidation. St. Gillian listed assets, as of Sept. 30, of $17.21 million and liabilities of $24.44 million, including roughly $7.11 million in unsecured debt. Bichon, an affiliate, listed assets of $818,231 and liabilities of $14.3 million, all but $1.67 million secured. Gillian, whose rapid demise took many on Seventh Avenue by surprise, suffered from the "economic downturn which caused consumers to reduce spending," Levy said in court papers. Largest unsecured creditors of St. Gillian include: ILGWU Local 23-25, owed $712,784; Forstman & Co., Philadelphia, $568,343; Guide Fabrics, $103,127; B.A.W. Fashions, $88,103; Q-Plus Co., $78,254, and Refine Fashion Empress, $73,819. The same ILGWU local, with a claim of $125,810, was Bichon's largest unsecured creditor. As reported, the Gillian and A.J. Bari trade names are on the block, although no bids have been received. Any offer is subject to higher or better bids. The trade names are the only remaining assets of Gillian, whose secured claims far outweigh assets, leaving no expectation of any payout to the trade.--Fairchild News Service
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast