RUMORS SAY KLEIN TO EXIT GUY LAROCHE
PARIS — Michel Klein’s three-year tenure at Guy Laroche could be at an end.
Rumors circulated in Paris Thursday that Klein will no longer design for Laroche. Ralph Toledano, managing director of Laroche, declined to comment on the reports.
Toledano would not say if any other changes were coming to the troubled fashion house, which had operating losses of $8.8 million on sales of $65.6 million last year. Klein was traveling outside France, according to a spokesman for the designer, and could not be reached for comment. The spokesman added that he was unaware of any change in Klein’s position at Laroche.
Klein, whose business under his own name is majority-owned by the Guy Laroche group, came to the Laroche label in September 1993 as the designer for haute couture, replacing Angelo Tarlazzi.
It was unclear, based on the reports, whether Klein’s own business would be affected by the possible changes at Laroche.
Laroche discontinued its couture activities last January, and Klein began working on ready-to-wear with the launch of a small luxury separates collection in mid-1994, which was developed as a complete line for next Fall. The line was met with mixed reviews during the recent Paris collections.