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Bill Blass Couture Bankrupt

>> Last week it seemed like NexCen had finally gotten Bill Blass sent off in a neat, tidy package all tied up with a bow; new owner Peacock International Holdings even vowed to revive the couture line within the year, new designer and all.  

Only problem is, things weren't quite as perfect as they seemed: Bill Blass Couture wasn't part of Peacock's purchase, so we may not be seeing it again anytime soon.  Instead, Bill Blass Ltd., which manufactures the couture line, filed for bankruptcy liquidation on Dec. 31, with assets listed at $192,000, and debts of $829,000 — they're to the point of selling the office furniture from the showroom.  

What's most confusing about all this is why Peacock appeared to think they were getting the couture line as part of their purchase agreement last week when they talked to The Wall Street Journal . . . did something fall through?
*image: source

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