Thom Browne denies cash flow problems

The news that went round the internet yesterday was that Thom Browne was nearing bankruptcy and that financial backers didn’t want to go near his label as they feared it was a fad. The cut lets us know that Mr Browne has sought to kill those rumors, stating he’s nowhere near bankruptcy – although he would like a financial backer for growth reasons. He also went on to say that ten new stores in Europe and Japan had picked up his range and that wholesale business was up 117 percent. Sounds pretty healthy to us. [Via The Cut & WWD]