MILAN — Cash-strapped Jil Sander is getting a bigger allowance.
As Jil Sander reported higher losses and marginally lower sales in 2002, its parent company Prada confirmed that it has to inject fresh cash into the money-losing German label, which reported higher losses and marginally lower sales for 2002. The amount of the transaction has not been specified but it would mark the second capital increase Prada has funded since it bought the brand in 1999.
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)