LONDON -- Is Voyage ready to set sail once again? Less than a week after Voyage's corporate entity, Organic Clothing Ltd., went into liquidation, the label's owners and licensees told WWD that Voyage was alive...
LONDON -- Is Voyage ready to set sail once again? Less than a week after Voyage's corporate entity, Organic Clothing Ltd., went into liquidation, the label's owners and licensees told WWD that Voyage was alive and planning to expand outside the U.K.
"We are trying to pay off our debts," said Rocky Mazzilli, the son of Voyage's founders Tiziano and Louise Mazzilli. "We lost a lot of money with our production company and our second London store, which never really got off the ground. "But the business is not shutting down. We've worked out a deal with our new licensee that will enable us to expand abroad, and we plan to show the fall collection in Milan."
As reported, the trendy fashion label went into liquidation after racking up debts of approximately $4.5 million, according to liquidators Maidment Judd.
Mazzilli said the brand would now be divided into Voyage Couture; The Exotic, a ready-to-wear and jeans line, and Passion, a diffusion line. Voyage Couture and The Exotic will be featured in Milan, Mazzilli said.
Retail prices for the couture line, which was until now known as Voyage, could reach $4,000.
Voyage Couture and The Exotic will be produced under license by Falber, which is based in Forli, Italy. Previously, the high-end line was produced in-house. Passion is made under license by Sportswear International.
Saverio Moschillo, who sells Voyage through his showrooms in New York, Paris and Milan and is a partner in Falber, said there are major plans in the works for Voyage.
"Voyage's wholesale turnover this year should rise to about $50 million, and we expect sales to reach $200 million over the next five years," he said in a telephone interview. He added that a Voyage in-store shop would be opening at Saks Fifth Avenue in Las Vegas in the fall and that there were plans for other units in Moscow, Milan, Naples and Palermo, Sicily.
Voyage currently has annual sales of $30 million to $40 million through wholesaling and a handful of stores in the U.S.
As reported, Voyage also has a unit on London's Fulham Road; a store in Paris in partnership with Alain Adjadj, and a Hong Kong site in partnership with Dickson Concepts Ltd.