Alber Elbaz's fashion brand, AZ Factory, is shutting down, but not in a bad way.
Instead, it's launching a new educational program called AZ Academy: Business for Designers, reports Women's Wear Daily.
"Through this program, Richemont reaffirms its commitment to support independent creation, in direct continuation of the story started with AZ Factory together with Alber Elbaz," says Philippe Fortunato, chief executive officer of Richemont's fashion and accessories maisons.
AZ Factory was launched in 2019 by Richemont, the Swiss luxury group, and Elbaz, the late fashion designer.
Elbaz's first designs were released in January and were followed by a series of "guest amigos" who collaborated on future designs.
AZ Factory's online store, which had been shipping worldwide, is expected to close at the end of July. Read the Entire Article
A customized collection of grant news from foundations and the federal government from around the Web.
Washington, D.C. based incubator for social entrepreneurs, Halcyon Incubator, has selected seven ventures to move into the newly renovated Halcyon House in September for its inaugural class of fellows.