Skip Nav
Fashion Week
It's Only a Matter of Time Before These 34 Models Become the Next Big Thing
Valentine's Day
60 Gorgeous Lingerie Pieces You'll Actually Feel Sexy In
Olivia Palermo
Olivia Palermo Knows There's More Than 1 Way to Rock Your Fashion Staples

Derek Lam May Be Having Financial, Management Issues

>> Is Derek Lam this season's Peter Som?  A "fashion industry insider" told Page Six that Lam has been losing $1 million a month, and his label will have lost between $12 million and $15 million by the end of the year: "It's only propped up by money coming from Italian investors."

Cash flow isn't the only issue Lam is reportedly having — according to the source, his CEO Jan Schlottman only showed up to work three times for the whole month of August.  Schlottman, meanwhile, told Page Six that he only had 10 vacation days last month and always had his laptop.  As for the finances, Schlottman says, "Everyone has had difficulty this year, but the actual [monthly] figure is far less than [the purported $1 million]."

UPDATE: Schlottman calls the entire Page Six item "untrue," and says that rumors been fueled because the label spent money on an ad campaign and a new store this year, causing an overall loss. [The Cut]

Around The Web
Kendall Jenner's Fro-Yo Outfit
Best Runway Shoes at Fashion Week Spring 2016
Kate Middleton Wearing Gray Peplum Dress
Dakota and Elle Fanning Street Style

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

Join The Conversation
Latest Fashion
X