“Mr. Tomas Maier remains the owner of the Tomas Maier trademark” and that the group “would do its best, over the next few months, to safeguard employment, in coordination with local unions,” Kering, an international luxury group based in France, confirmed the shutdown to Women’s Wear Daily in a brief statement, in a 2018 report.
Only two weeks after Tomas Maier left his position as creative director of Bottega Veneta after 17 years, an announcement has been made that the designer’s eponymous brand is also shutting down.
According to a 2018 Women’s Wear Daily report, the brand’s two Manhattan stores and e-commerce operations will go dark by the end of 2018, affecting somewhere between 20 and 30 employees. Kering, the luxury conglomerate that was most heavily invested in Tomas Maier.
Kering has been making a series of streamlining moves recently, which have included selling its stake in Stella McCartney back to the designer, selling its Puma shares and beginning conversations with Christopher Kane about selling shares in his company back to him. The conglomerate first invested in the Tomas Maier brand in 2013, when it was then generating under $10 million in revenue, according to a 2018 Women’s Wear Daily report.
Founded in 1997, Tomas Maier became known for its swimwear and knits.
According to a 2018 Fashionista report, as recently as this past spring, the label had recruited new management, including the hire of Gautam Rajani (formerly at Diane von Furstenberg) as the brand’s global director of sales and business development; it had also collaborated with Uniqlo on a capsule collection for this summer.
By exiting from both Bottega Veneta and his eponymous label within two weeks, it is unclear what is next for Maier. He let Women’s Wear Daily know in a 2018 report that he is, ” Looking forward to the next chapter in [his] life,” we can only imagine incredible things to come.