The clothing designer let go most of its 100 staffers earlierthis year in a cost-cutting move, about the same time it wasdelisted from the New York Stock Exchange. Its dozen or soremaining workers have relocated to smaller offices at Broadway and20th Street in Santa Monica, not far from founder MossimoGiannulli's Malibu home.

Mossimo is hoping to make a comeback of sorts through athree-year licensing agreement it recently signed with retail giantTarget Corp. that calls for Target to begin selling clothes thatcarry the Mossimo label. A February launch is planned.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.