Thursday, March 22, 2012
Simon Spurr: Exits Own Company
On a side note, I'm always curious as to how emerging designers structure their companies. Often times, lines are backed by a venture capitalist ("VC") who fund the operations of the company during its infancy stages with the hopes that the line will succeed and grow in the future. In return for the initial cash forked over, the VCs take an ownership stake in the company which may seem all fine and dandy until someone gets booted from their own company. More often than not, the problem lies in how the company was structured in the beginning. I'm not saying this is what happened here since nothing has been disclosed but you gotta wonder right?
Either way, I'm excited to see what Spurr comes up with next. With stints at YSL, Calvin Klein, Ralph Lauren Purple/Black labels, and Tommy Hilfiger along with his host of accolades - he's bound to do something great. Who knows, maybe he'll return to his own label in the future - after all, Jil Sander is going back to...well Jil Sander!