LONDON — After a manufacturing crisis earlier this summer and the subsequent liquidation of their company, Suzanne Clements and Inacio Ribeiro are back in action. Their Clements Ribeiro label will stage a presentation of its spring capsule collection during London Fashion Week, Ribeiro said.
"We're in talks with investors, and their reaction has been overwhelmingly positive," he said. "In the meantime, we've rescaled the business, and will be producing the current collection in-house in the U.K.
The design duo put their label into voluntary liquidation following the termination of their license by their Italian manufacturing partner, Pier Srl, which is based near Venice and also produces clothing for labels such as Sophia Kokosalaki, Plein Sud and Dries Van Noten.
Marzia Narduzzi, a spokeswoman for Pier, which had produced the collection under license for one season, told WWD the two parted by mutual consent, as the line did not meet expectations.
Ribeiro said the spring collection contains some 70 pieces, including knitwear, long a staple of the line. "It's very graphic, very sculptural, and mostly black-and-white. It's very clean, pure and simple. It's an exceptional collection for exceptional circumstances," he said with a wry laugh.
The Clements Ribeiro show has become one of the most anticipated at London Fashion Week since the pair returned to London in February 2003 after a brief defection to Paris. Back in August, it was unclear whether they were going to show.
The show will take place at 6:15 p.m. on Monday, although the venue has yet to be confirmed. Ribeiro said he expects to have the new funding in place by early next year.
As reported, the label's fall deliveries have been honored, and the Clements Ribeiro footwear line, produced by Italian company Mima Srl, continues. Clements Ribeiro controls its own handbag manufacturing and distribution.
Ribeiro said the company's annual sales volume is 2 million to 3 million pounds, or $3 million to $5 million. All figures have been converted from the pound at current exchange. That figure does not include shoe sales, which Ribeiro said were booming. He said the company sold 6,000 pairs last season.
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