Jeweler Christian Bernard, which filed for bankruptcy in December, has had its liquidation plan approved and is reopening its stores to clear out merchandise. The company closed all its doors when it filed Chapter 7 the day after Christmas.
chapter 7: January 2009 Archives
Kira Plastinina, a teen fashion label launched with much fanfare in 2008, lasted only seven months before filing for Chapter 7 bankruptcy last week. Plastinina, a 16-year-old designer, was financially backed by father. He reportedly suffered significant losses in the credit crisis and dropped his backing for the brand's United States stores.
KP Fashion rapidly opened 12 stores and had a high-profile debut, with celebrities garnering interest in the label. In line with the bankruptcy filing most of the outlets have already closed.
Fashion house Bill Blass shut down and is liquidating alongside a Chapter 7 bankruptcy filing. The company ceased operating last week and laid off all employees. Parent company NexCen recently closed a $10 million licensing deal for the Bill Blass name, so the brand will likely continue to exist, despite the closure of the legendary couture company.
