On Friday, WWD rained on our happy-hour planning with the abrupt announcement that Thom Browne's CEO and CFO had left the label. CEO Tom Becker and CFO Thomas Cunningham decided to leave on their own, according to Browne's spokeswoman Miki Higasa. "[Thom Browne] had been thinking a lot about restructuring, and they decided it was time to leave to pursue other interests,” she said. Browne is running the company all by his lonesome and may bring on other executive types to help him. (Higasa says he's in the "thinking stage.")
Higasa again refuted rumors that Browne is thisclose to filing for bankruptcy. She seemingly bolstered her case by highlighting Browne's non–Thom Browne pursuits, like his Black Fleece collection for Brooks Brothers and his collaboration with Moncler. But Higasa confirmed that Browne is still looking for a financial partner. He's been looking for one for three years but refuses to sell a majority stake in his company. Aside from that, Higasa doesn't say much about the health of Browne's namesake label and store. And all WWD says about their success is that the store "remains open." Sadly, that is worth boasting about in These Times, but doesn't say much about the longevity of Browne's signature flood pants. What of the world's fiery passion for high-waters? We know it exists. The niche crowd of men lurking our streets in high-waters grows each spring, and we actually don't dislike the way they look with the proper pair of mandals, which must be worth something to someone with money. Right, rich
people person out there? Maybe it's time for Browne to be less rigid and market his wares to the masses with a Topshop or H&M line, since he loves collaborations so much. Lord knows no one's buying his $2,000 suits now. Matthew Williamson got an incredible amount of press from it, after all.
Most Viewed Stories
Rob Kardashian and Blac Chyna Reportedly Broke Up
Donald Trump Spent the Morning After the Debate Fat-Shaming Miss Universe, Again
It’s Finally Possible to Understand What Happened to Amanda Knox
Hillary Clinton’s Sickest Debate Burns
Ask a Boss: My Co-worker Wants Everyone to Call Her Boyfriend Her ‘Master’!
2009 Called — It Wants Its Vogue-Versus-Bloggers Fight Back.
22 Intimate Lost Photos of Marilyn Monroe
Former Miss Universe Becomes U.S. Citizen So She Can Vote Against Trump
Area Woman Interrupted by Man 25 Times in 26 Minutes
Our Scowling Hero Breaks a Smile
From Our Partners
The Zoe Report
powered by PubExchange
The Cut’s Latest Fashion FeaturesCiara's Wedding Dress Was Too Big for the Chapel
To be fair, it was a 13 foot-long dress.You and Rihanna Will Both Want to Invest in Dior’s New Bag
It's got something for everyone.Polo Shirts Have Turned Their Back on Ryan Lochte
Along with his other major sponsors.Ryan Lochte Will No Longer Be Paid to Wear Tiny Bathing Suits
Speedo remains committed to transparency.Laura Brown Is the New Editor-in-Chief of InStyle
After 11 years at Harper’s Bazaar.Tyra Banks Is Going to Teach a Class on Smizing at Stanford
"If I see somebody not paying attention, I’m gonna call on them."This Floating Pier Is the Most Zen Installation Ever
Walking on water in Italy.Nation Is Appalled by Matt Lauer’s Nude Ankles During Ryan Lochte Interview
What’s the opposite of “Jeah”?8 People at the Life of Pablo Pop-up Explain Why Kanye West Is a God
"I mean, Kanye West is just Kanye West. There's not more or less you can say about Kanye West. He's just Mr. West!"A T-shirt Is Enough
Simplicity, versatility, and cool. What more could you want?
She took a perfect pencil dive off a 30-foot yacht.American Apparel Is Being Sued by Former Workers
As the company considers putting itself up for sale.A Gendered History of the Tailored Suit
From Marlon Brando to Coco Chanel.How Zendaya Developed Such Great Style at the Young Age of 19
The star's best looks from Disney to now.Proof That If You’re Chic Enough, a Little Federal Investigation Doesn’t Matter
Is this the best they could do?5,300-Year-Old Mummified Iceman Probably Would’ve Been a Street-Style Star
He had several different looks and was “pretty picky.”J.Crew Has Identified 226 Shades of Pink
Even more than there are shades of gray.Gigi and Bella Hadid Merch Is Now Somehow a Thing That Is Happening
Today in Hadidiana.Gird Your Loins for the Return of Yeezy to New York Fashion Week
The season approaches.This Indie Brand Had a Great Response to Ivanka Trump
When she bought one of their cuffs, they donated the proceeds to the Clinton campaign.