WWD reported on Haspel’s move to lower its suit pricing as a result of a new manufacturing licensing agreement.
From the article...
"The family-owned and operated brand, which was founded in 1909 and relaunched in 2014, is significantly lowering its prices for spring. Suits, which had previously opened at $990, will now sell for $595. The price change comes as a result of a new license for tailored clothing with Studio Moda USA, which is allowing the company to be more competitive, according to Haspel."
Read the full article at WWD.com.