Shifts in the fashion calendar, a lack of support from the government — and from the industry itself — have taken a toll on London’s labels.
Increased costs and the falling pound hit Sibling hard.
Cozette McCreery, one of the brand’s cofounders, announced the news on her Instagram account.
Ryan Lo, Cozette McCreery, Molly Goddard and Henry Holland were among the guests.
The weaker pound has drawn interest from markets such as Japan and the U.S., but also raises long-term concerns for margins.
Brand has opened a tech hub in Shoreditch, east London.
London Fashion Week Men’s will be the new name, come January.
Belstaff, Astrid Andersen and Bobby Abley will also unite their men’s and women’s shows.
Grants totaling 350,000 pounds, or $511,716, will be shared among 12 labels.
The nominees for the prize will take part in a two-week mentoring program where they will receive aid on branding, leadership, commercial retail, e-tail, wholesale and digital innovation.