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Bill Blass Couture Situation: Explained

>> There was a little confusion yesterday over how new Bill Blass owner Peacock International Holdings was going to resurrect the Bill Blass Couture line as planned, since they didn't purchase the Couture line as part of their deal.  

As Scott Patti, Peacock's executive vice president of licensing and sales explains, the company chose not to purchase the couture line because "it wasn't healthy."  Peacock did, however, buy the right to use the Bill Blass name for any future couture and ready-to-wear lines.  The bankruptcy filed yesterday was just to clear the way for the new ready-to-wear line, which is still expected to be in place within the year.       

*image: source

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