In some actually good fashion news, one designer seems to be optimistic about the current state (both artistic and financial) of the high-end clothes industry. Tom Ford International, the luxury line from the former creative head of Gucci, is seeking funding to expand into women’s apparel. He’s looking for an investment of $50 million or more. Credit Suisse was managing the process.
Ford launched his company in 2004 after a successful turnaround effort at Italian luxury brand Gucci, owned by French retailer PPR. He served as creative director at Gucci and also at Yves Saint-Laurent after the company’s acquisition of that brand. The Tom Ford brand currently sells men’s clothing and men’s and women’s eyewear and fragrances. [Reuters]