Tuesday, December 22, 2009

Phi to close down.


With the on going recession, fashion house like Christian Lacriox, Luella, Yoji Yamamoto have already filed for bankruptcy. Today, Phi announced it will shut down due to the economic conditions. This is just upsetting, I loved Phi's latest 2010 collection. Let's all hope for a better 2010.

Read full article on The Cut via NYMag and Fashionista.com.

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