Tuesday, April 2, 2013

An age old problem in the fashion business

BOF examines an old problem in the fashion business which continues to hurt designers, but more specifically new designers, not getting paid by their stores.  It's a vicious cycle which impacts all the components to running your own business.
Still fairly new, but famed British designer, Perer Pilotto states, “On the one hand, you are so happy that they have placed an order, but then they don’t pay you, which creates a chain reaction because you have promised your manufacturers that you will pay them when the stores have paid,” he said. “It’s a terrible situation.”

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