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John Richmond will return to the Milan runway next June
"John Richmond will be showing again in Milan next June, with menswear and womenswear," FashionNetwork has learned from Salvatore Cerchione, one of the co-founders of Blue Skye, the Italian private equity company which now owns the label, alongside the eponymous designer and founder.
"Not only is John Richmond staying with us, he will also take an active role in the brand's development. He will very soon start working on the collections again," stated Cerchione.
The company created by Salvatore Cerchione and Gianluca D'Avanzo specialises in the relaunch of high-end assets in difficulty, and has acquired a majority stake in John Richmond, taking over from Fashioneast, the Luxembourg-based pool of investors which allowed Richmond to re-take control of his own ready-to-wear label in 2015.
Fashioneast's acquisition of the John Richmond, Richmond X, Richmond Denim, Richmond jr and Richmond brands followed the liquidation of Akkurate, the company which formerly controlled the fashion label. At the time, John Richmond was produced and distributed by Italian businessman Saverio Moschillo, who was also a shareholder.
Until recently, Saverio Moschillo still continued to do business under the brand name, showing a Richmond line in Milan, something which led the British designer to take legal action against him. In September, the Milan court issued a ruling, forbidding Saverio Moschillo from using the John Richmond name.
Having won his case, the British designer will be able to reboot his business, supported by the new partner, without any confusion on the market.
The Blue Skye Investment Group was founded in 2004 and has an asset portfolio worth €1.2 billion, including the Cipriani group (Harry’s Bar) and the Bauer Hotel in Venice.
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