The couture design house MGB Squared filed for bankruptcy protection last week in order to keep its business operational. The company designs high-end clothing worn by celebrities and sold at retailers like Saks Fifth Avenue. Industry experts are uncertain that the filing will ensure continuity for the business.
Note: This entry erroneously suggested that MGB Squared designer Eric Gaskins personally filed for bankruptcy, which is inaccurate. Timely Demise regrets any misinterpretation.
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