Since the departure of former Creative Director Guillaume Henry, the French fashion brand has faced a series of blowbacks. The news was first reported by French newspaper Les Echos and later confirmed by WWD. According to Les Echos, majority of Carven’s stake was sold to Hong Kong’s Bluebell Group in 2016, and the brand is held by a total of eight shareholders. With their current creative director, Serge Ruffieux have worked to keep Carven relevant. However, its finances could not keep up. According to Les Echos, the French fashion brand has been “steadily deteriorating “ over the past few years, which resulted in ceasing operations on its men’s line as well as the closer of its New York City location. Currently, the brand is now seeking for a buyer.
Scroll through to view Carven’s Paris Fashion Week Womenswear Fall/Winter 2018/2019 on March 1, 2018 in Paris, France.