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“The brand is alive and safe. We are going to come back for production. We will have a proper offer for fall,” April77 founder Brice Partouche told WWD. “We had some internal issues that led to financial problems, which prevented us from shipping spring goods. We missed a season, but we are not out of business.” April77, which closed shop last week, will be downsizing and moving to a smaller office—and that creditors will be repaid soon. [WWD]