Vena Cava, the label designed by indie fashion darlings Sophie Buhai and Lisa Mayock, might shutter, a source tells us. Though the label garnered a cult following among a certain set of Brooklyn girls since its debut in 2004, the loss of a major investor has reportedly put the label at risk of going under. This probably also explains why Vena Cava didn't put on a spring runway show this September as they have in seasons past.
According to a source close to the situation, the label moved out of their Soho headquarters this week and laid off a lot of staff. Vena Cava hasn't shuttered yet--they've moved their offices home--and we hear a deal with TJ Maxx is still in the works. Still, things seem grim, which is sad news to hear about a label we've always been fond of.
While requests for comment from Vena Cava have gone unanswered, an item in WWD confirms reports that the label is "on the brink" and a source tells the paper that "the financial state of the company is 'drastic' and that it would not move forward without an angel investor or partner stepping into the picture." Co-designer Lisa Mayock told WWD, “We love what we built with Vena Cava and are dedicated to seeing it thrive and grow. We have had some very positive talks from potential partners and feel confident about moving forward.”
We hope they move forward, too.