Another one bites the dust at the Paris fashion house.
The company will close nearly 20 percent of its stores.
Also, 'GQ' hired Justin Doss as their new fashion editor.
He's already working on their pre-fall 2012 collection.
The company will focus on menswear instead.
The label was supposedly doing well, so this seems odd.
Also, the senior fashion editor at 'GQ' is leaving.
The company is going after younger, more stylish consumers.
Ben Malka is sweeping in with a $20 million cash infusion.
The creative director of Hervé Léger and Max Azria has resigned for undisclosed reasons.
The Japanese label will be the retailer's next long-term collaborator.
The fashion house is hemorrhaging money and staff.
The news was revealed in a throwaway line in the new issue of 'Vogue.'
And Filipa Fino's replacement at 'Vogue' has been named.
The fashion press is now eager to label outgoing designer Antonio Marras as a possible successor to John Galliano.
Mouret's eponymous line will be unaffected.