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Wunderkind Cancels Paris Fashion Week Show in Midst of "Restructuring"

Wunderkind Cancels Paris Fashion Week Show in Midst of "Restructuring"

>> Under the guise of “restructuring,” Potsdam-based fashion house Wunderkind has let go most of its 50-person staff, disbanded its in-house atelier, and canceled its March Paris Fashion Week show.

The label was founded by Wolfgang Joop and Edwin Lemberg in 2003 and has yet to break even, although executives said last Fall that they expected the threshold to be hit in 2012. However, Hans-Joachim and Gisela Sander, who own a 65 majority stake in the company, have reportedly become impatient with the pace of change at the brand and are currently working out a new concept and direction with Joop, according to an official statement.

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