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Another Day, Another Failed Fashion Brand: Ksubi Files For Chapter 11 Equivalent
By Lauren Sherman
Yesterday we heard that Lagerfeld’s laying off key employees, and now denim label Ksubi has gone into “administration,” the Australian equivalent of Chapter 11 bankruptcy protection.
The company–best known for acid washed super skinny jeans beloved by Rachel Bilson, LiLo, et al.–has had difficulty broadening its appeal. Its steep prices haven’t helped. (Jeans start at $259.)
The good news for Ksubi fans: The Australian government will most likely bail them out of this predicament.
Ksubi’s New York and Sydney stores will remain open while the government evaluates the brand’s money making potential.
Tags: administration, bankruptcy, Ksubi
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SOME PEOPLE SAY THAT CRISIS IS COMING TO AN END, BUT IT’S WHEN WE READ NEWS LIKE THIS THAT WE SEE TGAT CRISIS WILL LAST FOR MUCH MORE TIME YET..
@ MAISONCHAPLIN.blogspot.com
Ugh they almost deserve it for charging that much for jeans…
http://layersandswathes.wordpress.com
the whole thing sucks overall. We dont want things to go or shut down but honestly how can people afford these prices when jobs are being cut.
If they had spent more time on their finances instead of the name, they would’ve gotten somewhere.
First, it was Tsubi but there was some copyright issue. Then they wanted to use Kostabi but couldn’t get Mark on board for that one. Next, to appeal to the Japanese consumer$, they chose Sukiyaki but the irony failed. During this time, they sold Tokidoki to LeSportsac for a reported $2.3 million to help themselves stay afloat. In the end, they wanted to make it as hard as possible for people to pronounce the name and came up with Ksubi.
good riddance
http://www.youtube.com/watch?v=2IoEzDaMrEA
So I guess Abby is no longer?
Who is this Lauren Sherman?
Yeah… What happened to Abby?
Abby is dunzo; this article doesn’t make it clear if she was fired or left willingly…
http://www.fashionweekdaily.com/news/fullstory.sps?inewsid=6644921
I love how we all discuss the writers of this website in the comments section. I really do. I’ll miss Abby – she was really sweet and she definately belongs in the beauty world. Goodluck to her. Now! When will Lauren introduce herself?
Welcome to Fashionista, Lauren (love The Fashion Beat, btw). Can’t wait to read your post in the future. Xx
thanks #7
Lauren, I don’t want to come on here and read Forbes-y stuff. Britt is starting to grow on me so don’t fuck it up.
I hope the 2 new guys from AdvertisingAge do not fuck things up either.
Basically, for 2010, let’s not try to fuck up.
FUCK FUCK FUCK FUCK!
#11, that was an homage to my new professional crush, Ms. Aboutaleb.
Did you see how Peter came out of fucking nowhere? There should be more changes so it can get him talking.
Hi there!
I’ll be introducing myself in a post tomorrow. And yes, RashomonRebel, I too hope that I don’t fuck it up. Thanks for caring!
lol, don’t worry about it, i’m only messing with you! I don’t want to wish ill fate on anyone.
Just remember, if you have to cry, go outside. And be glad you haven’t gotten a beating like Kate did yesterday.
Also, pick a good avatar.
#12 I cannot believe you called me a number. We are DONE.
Jean Voltaire, I didn’t want to break up with you here “in the comments section” but you will always be my #1.
Look on the brighter side, Lauren will be considered “the new girl” until further notice, Steff is “the girl who cried when she met Narciso” and Britt is “the fallopian tube girl”.
Everyone clear on this? Good.