Hold onto your “janties,” because Y/Project is officially up for grabs! On September 26, legal filings confirmed that the brand has been placed into receivership by a Paris court, with potential buyers having until October 16 to make their move.

This news comes after the recent shakeup of co-founder Gilles Elalouf’s passing in June and the sudden departure of creative director Glenn Martens earlier this month, after 11 years at the helm. With Martens out, the highly-anticipated SS25 show at Paris Fashion Week was scrapped, along with the FW24 presentation due to ongoing cash-flow issues. Ouch.

Y/Project had its high points, though—remember those trompe l