Y/Project

The Paris Commercial Court converted IN-CARNATION’s proceeding to judicial liquidation on 9 January 2025, and Y/Project announced that it would stop operations. No acceptable completed buyer was secured; commercial closure remained distinct from the company’s later legal extinction, which had not been recorded by July 2026.

The Metropolitan Museum of Art and Musée des Arts Décoratifs accessioned Y/Project objects in 2025, with donor credits differing between Y/PROJECT ARCHIVES and IN-CARNATION. The transfers documented material survival after closure but did not establish a new operator or revival.

The Paris Commercial Court opened redressement judiciaire for IN-CARNATION on 26 September 2024. An administrator marketed the operating business, and at least one potential bidder was reported, but no acceptable completed sale was secured.

Y/Project publicly announced Glenn Martens’s departure on 6 September 2024. The chronology does not prove that his exit caused the company’s insolvency or that insolvency caused the departure; no interim creative director or authorised studio successor was documented.

A published corporate notice records AED Partners as IN-CARNATION’s president and a directoire member from a 25 June board decision. The Elalouf-linked holding company was not a new Y/Project designer, operating successor or proven beneficial owner of all assets.

Gilles Elalouf died on 9 June 2024 after a long illness. AED Partners was appointed IN-CARNATION’s president and a directoire member later that month; the change did not establish a new creative owner or successor.

Y/Project cancelled its planned 3 March runway after choosing production pre-payment over show expenditure. The house published the 53-look Autumn/Winter 2024 collection online on 12 March as a friends-and-family anniversary portrait.

Pascal Conte-Jodra left Y/Project during summer 2024, less than a year after his appointment. No exact contractual end date was recovered; his appointment at Fusalp was announced on 9 September.

Y/Project appointed Pascal Conte-Jodra operational chief executive on 22 November 2023 with a remit spanning growth, international distribution, sustainability and work with Glenn Martens. On the same date, IN-CARNATION converted from an SARL to an SAS without creating a new legal person, introduced president, directoire and supervisory-board structures, and appointed Gilles Elalouf company president; Conte-Jodra left during summer 2024.

Autumn/Winter 2021 was Y/Project’s first unified co-ed seasonal collection. The 64-look digital presentation consolidated men’s and women’s development into a longer cycle and also introduced the continuing Melissa footwear collaboration.

Y/Project launched Evergreen during the Spring/Summer 2021 digital period and received €150,000 from the ANDAM Family Fund. The programme revisited established pieces outside ordinary seasonal markdown, while separate men’s and women’s online presentations kept collection output active.

Y/Project showed at Pitti Uomo 95 as the invited guest brand. The 9 January presentation used the Chiostro Grande of Santa Maria Novella and marked an international-platform milestone for the mature label.

Y/Project introduced its first handbag and eyewear programmes with the Spring/Summer 2019 womenswear presentation on 27 September 2018. The bags were developed internally with Isa Kauffman and made in Italy, while eyewear was developed with Linda Farrow; neither programme formed a separate legal division or sub-brand.

ANDAM awarded its 2017 Grand Prize to Glenn Martens for Y/Project. The €250,000 award included mentorship and in-kind support and became a material growth milestone rather than a change in ownership.

Y/Project by Glenn Martens was selected as a finalist for the 2016 LVMH Prize. The recognition increased the label’s institutional visibility but did not constitute investment, acquisition or a collection award.

Y/Project presented Autumn/Winter 2016–17 at Lycée Charlemagne as its first verified show on the official Paris women’s calendar. Women’s product had appeared earlier, so the event records institutional expansion rather than an absolute first garment for women; sources conflict between 1 and 2 March.

Gilles Elalouf appointed Glenn Martens after Yohan Serfaty’s death and a successor search. Martens’s first securely located collection appeared in January 2014; he expanded womenswear, developed Y/Project’s mutable construction system and remained until his departure was announced on 6 September 2024.

Yohan Serfaty died on 17 April 2013 after cancer. Gilles Elalouf maintained IN-CARNATION and began a successor search; no evidence supports a posthumous studio collection or an immediate new company.

Yohan Serfaty ceased as IN-CARNATION’s registered legal manager on 16 September 2012, and Gilles Elalouf assumed the position. Serfaty continued to design and present Y/Project collections until his death, so the filing records a governance transfer rather than a creative departure.

Gilles Elalouf co-founded Y/Project as its business and executive partner. He became legal manager of IN-CARNATION in September 2012, maintained the company after Serfaty’s death and later served as company president until his own death in June 2024.

Yohan Serfaty co-founded Y/Project with Gilles Elalouf and established its original design language through leather, elongated proportion and controlled fastening. He served as IN-CARNATION’s first legal manager until September 2012 while continuing creative authorship until his death in 2013.