Alice Temperley fashion icon, designer to the rich & famous, but losing money!
Within the last 10 years the fashion icon Alice Temperley has gone from strength to strength. She is fast becoming one of the most recognisable fashion names of this century. Beginning as just a small label to know being known as true world wide fashion empire. Housing three lines (Temperley London, ALICE by Temperley and Temperley Bridal), which are loved by many and distributed all over the world.
For the woman who began life on her parents cider farm in Somerset it has been a remarkable rise to fame and fortune.
After graduating from the Royal College of Art and Central Saint Martins. Alice established Temperley London, along with her then boyfriend Lars von Bennigsen in 2000. She first met Lars in 1998 whilst working as a waitress. They married in 2002 in a 1920s-style wedding which was covered by the an edition of Vogue magazine.
The Alice Temperley brand has become synonymous for its total focus on hand finishes and luxurious fabrics. She hosting her first fashion show in 2003 at Notting Hill, London. Alice then moved all subsequent shows to New York until 2011 (with the exception of the Spring Summer 2009 show in London). For four consecutive seasons, from 2009 to 2011, Alice Temperley presented her collections totally via multimedia installations rather than traditional catwalk show.
In the 2011 New Year Honours List, Temperley was appointed an MBE for services to the fashion industry. Her fame became even more widespread when it was reported that Pippa Middleton wore a floor-length green Temperley gown for the evening reception of her sister The Duchess of Cambridges wedding to Prince William.
However it appears that all that glitters may not be gold in the fashion world. Although Alice Temperley seems to have a perfect life, there is always a downside and this was reported in the Daily Mail in March of this year. In 2014 Temperley Holdings made £2.8m loss. Alice is doing whatever she can to raise money for her company and has put her Somerset mansion up for sale. However despite reducing the asking price by £200,000 down to £2m, the property remains unsold as yet.
The latest accounts warned of great uncertainty over the future of Temperley’s posh frocks empire, which is struggling to return to profit following a programme of transformation which has lasted well over 12 months. The overall debt stands at a little over £14m with the company having a negative value of £6.4m. What the future holds for Alice Temperley is anyones guess. I have a feeling that her name will be around within the fashion world for many years to come.