Post by WWD

Coperni Paris has gone into receivership, as its founders work to disentangle themselves from fashion development platform Tomorrow London Group, the brand’s majority shareholder and exclusive distributor since 2019. In a statement, Arnaud Vaillant, president of Coperni SAS, said a Paris commercial court on June 11 granted the company’s request for court protection following several months during which Tomorrow stopped paying the sums it owes to partners and suppliers. “Deprived of these resources, Coperni was put under significant financial strain, along with its employees, even as the brand continues its international development,” he said. “By opening these proceedings, the court allows Coperni to keep creating, to protect its teams, and to build its future.” Read more: https://lnkd.in/eHfX67HV