Designer Dish. Tuleh in Trouble.

February 8, 2010 • Fashion

Looks from Tuleh's Spring 2010 runway

Rumors have been circulating for sometime on the possible instability of fashion label Tuleh. Now that the label has announced it would be canceling its Fall 2010 runway show, fans of the brand are more worried than ever. And though Tuleh's collections still seem to have a solid following of customers, their creditors are reportedly not so happy. “The business has been and continues to be unprofitable, and creditors
were making demands that the company could not satisfy,”
said Mark
Friedman, managing partner of Trilea
Partners, the advisory firm of Tuleh's backer, Trilea Holdings, Inc. So Bryan Tuleh and business partner Marco Cattoretti are working with Trilea Holdings to find a possible solution. WWD reported that various options, from selling the business to licensing a part of it
to generate additional sources of income, to finding a loan to keep the
business operating, have all been discussed. Although Trilea Holdings is no longer investing in the label, they are working with the company to find a survival plan. “I know that Bryan and Marco are
incredibly talented and they have done everything in their power to
make the business successful, Friedman noted. "We have the utmost respect for them.”

Article Source: WWD
Photo Source:

-Alia Rajput

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