CHALAYAN MAKES NEW PLANS
Byline: James Fallon
LONDON — Hussein Chalayan is carrying on.
The designer, who is voluntarily liquidating his company, told WWD Wednesday that, as expected, he will ship his spring collection, but he added that he will produce a collection for the fall-winter 2001 season, as well.
“I am setting up a new organization, which will present a collection for fall and future collections to follow,” Chalayan said in an interview from New York, where he was visiting.
The process of establishing the new organization is already under way, he added. However, Chalayan declined to provide further details at this stage, partially for legal reasons. He also declined to say what type of presentation he would make during London Fashion Week in February. He confirmed, however, that he will not be holding a runway show.
As reported Tuesday, sources told WWD that Chalayan’s company, Cartesia, Ltd., had called in liquidators Baker Tilly to file for voluntary liquidation on Dec. 18. The designer confirmed the action but stressed its voluntary nature and said it was done to ensure he will be able to continue with his collections.
“The creditors will get their money back,” he said. “The whole reason for going into liquidation is so I can carry on with my business.”
Chalayan, who has received critical acclaim for his recent collections, has continued to struggle financially with sales that averaged less than $2 million a year and has, in recent months, had unsuccessful discussions with several potential backers, including LVMH, Gucci, Prada and Pegasus.