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.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)