Tiffany & Co. has thrown embattled handbag brand Lambertson Truex a lifeline. The jewelry giant has bought out the label, which filed for bankruptcy in March, and hired its designers to boot.
Tiffany spokesman Mark Aaron said Richard Lambertson and John Truex were "well-regarded" in the industry, and vital to Tiffany's vision of developing handbags and leather accessories. After all, Tiffany wouldn't know the first thing about designing purses. The dynamic duo of Lambertson Truex on the other hand, has wowed bagistas with beauties like this snakeskin satchel and Cavallino clutch.
“This is a way to possibly pursue it,” affirmed Mr. Aaron. "We think it's an area that has potential."
He added that it was "too early" to determine whether the leather goods would be marketed under the Lambertson Truex or Tiffany & Co. banner.
The financial terms of the deal were not disclosed, but they matter naught to Lambertson Truex fans. We’re just waiting to see what comes next!
[Source: Luxist]
[Image Source: Love Janine/Flickr]
Lambertson Truex Handbags on eBay
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NWT LAMBERTSON TRUEX Blue Wristlet Clutch Handbag US $49.00   Auction Ends: 28d 18h 38m Make it yours... |
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lambertson truex Itialian brown leather handbag US $199.00 Auction Ends: 25d 12h 35m Make it yours... |
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$2595 LAMBERTSON TRUEX LOGO LIZARD HANDBAG TOTE NWT US $799.00 Auction Ends: 13d 12h 5m Make it yours... |
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May 6th, 2009 at 10:15 pm
I have those earrings!
I think this is just the kind of street cred Tiffany needs to start designing handbags. Since they had their first ever sale recently, I’m sure they need a shot in the arm revenue-wise. Who doesn’t?