subscribe to style file blog via RSSMrs. John L. Strong, RIP
May 21, 2009 3:20 pm
We’re a Cartier stationery girl, but we couldn’t help but feel a twinge when we received a press release earlier today announcing that Mrs. John L. Strong, the Madison Avenue stationer to tastemakers like Oprah Winfrey, Tom Cruise and Katie Holmes, and Karl Lagerfeld, is shuttering after 80 years in business. Nannette Brown, the company’s CEO and creative director, explained in a statement that “investor’s failure to finance the business’ expansion plans combined with a challenging retail and economic environment, left the company with no alternative but to close its doors.” Fashion’s Night Out, the retail initiative that Mayor Bloomberg announced yesterday, can’t come soon enough.
tags: Cartier, Karl Lagerfeld, Katie Holmes, Oprah Winfrey
It’s always a pity that a company have to close after more then 80 years in business. But what Mrs. Brown said isn’t the whole story. Not the investors are responsible but the company itself. You can’t blame investor for holding their money back in this difficult economic time, they also suffer from the crisis which is going on. If the firm/company has any future investors will invest their money into it, but the opposite is probably true. So despite that this old company will close their doors there is always a new company which will take over their place. Economically said ones dead is the future of another firm/company. Arriverderci
By Valerio on 05/22/09 at 4:27 pmI worked for Mrs. John L. Strong while it was under Mrs. Brown’s ownership. All I can say is, I’ve never seen a more ineptly run organization in my life.
By zeezoozadfrack on 08/20/09 at 4:22 pm