Charlotte Olympia has filed for U.S. bankruptcy protection and is looking to restructure its business under an estimated $10 million to $50 million debt load.
The luxury footwear brand, founded in 2008 by Charlotte Olympia Dellal, daughter of model Andréa Dellal and British property development scion Guy Dellal and sister of model Alice Dellal, filed Chapter 11 over the weekend in Delaware bankruptcy court. Although started in London, the brand runs in the U.S. out of New York and has four stores here, all of which it will close.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion