an ad for the faconnable line. (storms.be)
wow. and the sales don't stop. what is it about this summer? companies are selling off fashion brands like the gap sells khaki's: quick and cheap. the latest victim is facconable which, according wwd, was just sold by nordstroms for 210 million to the M1 Group, a company based in lebanon that's "seeking to build a porfolio of luxury and fashion brands." well good for all involved. but is it just me or is 210 million a bit cheap for a line like faconnable? there are plots of land in manhattan that cost more than that.
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