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Coperni SAS will cease operations after failing to reach an agreement with majority shareholder and distributor Tomorrow Ltd.
The brand, known for its futuristic design ethos and runway experiments merging technology and fashion, sat out the last two fashion weeks after relations broke down between the label and Tomorrow.
Coperni says Tomorrow had stopped paying its licensing fees, making it impossible to fund the design studio’s operations. The brand sought new backers in recent months as part of a bankruptcy proceeding supervised by French courts.
“We have tried everything to preserve Coperni and find a resolution to the conflict... Despite all our efforts, no solution could be found,” Vaillant and Meyer said in a statement.
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In June, Tomorrow, which also produces and distributes Martine Rose and Charles Jeffrey Loverboy, was sold to Progetto 11, the holding company of Italian e-commerce firm The Level Group.
Tomorrow owns a majority stake in Coperni in addition to its agreement to manufacture and distribute the brand. It’s unclear if the company’s new owners will seek to continue using the Coperni name.
“These eight years have been incredible. We have been able to bring our ideas to life, meet unforgettable people and share moments we would never have dared to imagine when we first embarked on this journey. Coperni existed because of you.” Vaillant and Meyer said.
Learn more:
Coperni Forgoes Paris Show Amid Shareholder Strife
The label’s relationship with Tomorrow London has ‘deteriorated significantly,’ founders Arnaud Vaillant and Sebastien Meyer said in a statement.
