MONTREAL — A fashion subsidiary financed by Quebec’s pension fund has closed and is being investigated for mismanagement.
Montreal Mode was set up in 1999 with a $20 million investment from the Caisse de Depot et Placement du Quebec as a kind of super agency to market Quebec fashion at home and abroad. It was designed to collect bills, buy fabric and take care of manufacturing and marketing to free up time for designers to create product.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)