Elite Model Management (NY): From Beauty to Bankruptcy


Code : FMB0001

Year :

Industry :Building Materials Advertising

Region : USA

Teaching Note: Not Available

Structured Assignment : Not Available

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Abstract: In February 2004, Elite Model Management (NY), an affiliate of the largest modelling network agency in the world, Elite Model Management, filed a petition under Chapter 11 of the US bankruptcy code. Elite Model Management (NY) had long been mired in controversies and law suits on charges that ranged from price fixing and a hostile working environment, to sexual harassment of a model by the founder of the agency, John Casablancas

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Pedagogical Objectives:

  • To discuss the business of modelling agencies
  • To discuss the reasons for the bankruptcy of Elite Model Management (NY) which once had supermodels like Cindy Crawford, Naomi Campbell and Linda Evangelista on its list

    Keywords : Corporate Governance Case Study, Elite Model Management, Elite Model Management Corporation (New York), Class action suit, Modelling agencies, Manhattan modelling agencies, Price-fixing allegations on model agencies, Bankruptcy of Elite, International Model Managers Association, Model managers, John Casablancas

    Contents :
    Allegations on Price-fixing in the Model Agencies
    Other Litigations on Elite NYs

    Case Introduction >>

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