There will be more on this story come Monday, but WWD reports that American luxury accessory brand Lambertson Truex has been rescued from Chapter 11 Bankruptcy by none other than Tiffany & Co.
Previous owner Samsonite put the 10 year old brand on the block in December, after which bankruptcy was filed in March. LT's lavish new boutiques were all closed except for the Madison Avenue location.
If this sounds like an odd pairing, especially in light of Tiffany's recent closing of its Iridesse pearl boutique chain, consider that designers Richard Lambertson and John Truex will now be in charge of creating new leathergoods lines for the legendary jeweler's label as well as continuing the CFDA Award winning collection they founded.
Starting to make more sense now, no?
Tiffany Buys Lambertson (WWD)