(Filed Under wholesale Lingerie News). According to Charles Rosenzweig, owner of Fashion Ribbon Co., lingerie brand Pascale Madonna is closing.
“It wasn’t fiscally possible to do it anymore,” he explained. “We are looking for someone to take it over.”
The brand was acquired by Fashion Ribbon Co., a manufacturer of ribbons, bows and bra components, from Paris-based Holco in June 2008.
Fashion Ribbon will also be closing its Long Island City office, entirely ceasing operations in the U.S., although it will continue to operate out of the UK.
Joel Orenstein, most recently president and CEO of Fashion Ribbon, along with Barry Berger, most recently national sales manager, are no longer with the company.
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