Paul Smith to streamline collections
Paul Smith has announced he will merge his design teams and collapse his many diffusion lines into two collections comprising both men’s and womenswear, with four drops a year.
Paul Smith will produce only two collections: Paul Smith, and the more affordable PS by Paul Smith. There will be four deliveries annually for each; and menswear and womenswear pieces will feature in both, as well as shoes and accessories.
The cost of restructuring, which includes a reorganisation of the design teams, is close to £1 million.