From the CUT
On Friday, WWD rained on our happy-hour planning with the abrupt announcement that Thom Browne's CEO and CFO had left the label. CEO Tom Becker and CFO Thomas Cunningham decided to leave on their own, according to Browne's spokeswoman Miki Higasa. "(Thom Browne) had been thinking a lot about restructuring, and they decided it was time to leave to pursue other interests,” she said. Browne is running the company all by his lonesome and may bring on other executive types to help him. (Higasa says he's in the "thinking stage.") Higasa again refuted rumors that Browne is thisclose to filing for bankruptcy. She seemingly bolstered her case by highlighting Browne's non–Thom Browne pursuits, like his Black Fleece collection for Brooks Brothers and his collaboration with Moncler. But Higasa confirmed that Browne is still looking for a financial partner. He's been looking for one for three years but refuses to sell a majority stake in his company.
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