Bill Blass Files for Bankruptcy
Rumor has it that NexCen is selling the office furniture from the showroom.
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Rumor has it that NexCen is selling the office furniture from the showroom.
The label's new owner, Peacock Holdings, plans to revive the line within a year.
But don't expect it to return to its former runway glory anytime soon.
Just in time for the holidays. Bah, humbug.
The economy has brought the label's last, tumultuous six months to a sad end.
Bill Blass New York is liquidating, and retailers aren't buying Som's spring 2009 line.
NexCen was unable to financially support the line the way Som envisioned because they bought a cookie company.
But will they save Peter Som's ready-to-wear Bill Blass line?
The line designed by Peter Som loses over $1 million a year.
The label can't afford to produce the collection Som envisions. It also can't afford to pay Som's salary.
Rumor has it he's done with Blass, but Nexcen wants to keep his name attached so they can sell the label.