Saturday, January 3, 2009

Over Too Soon for Kira Plastinina


Kira Plastinina, the very young
and distinguished designer, filed for
chapter 7 bankruptcy on Jan 2, 2009.
With so many fans, celebrity supporters, and the media backing her up, the bankruptcy that KP Fashion Co. filed yesterday definitely hit like a bombshell. Not such a happy new year for our dear Kira, but after last month's decision to close most of her stores in the US, I had a feeling that her company was in trouble, but not this deep.

Reports have concluded that her label is $54 million in debt to over 100 creditors. And it's not just that - the company's in a court battle over trademark infringement with Pacific Sunwear.

As a deep fan of her label, it's very saddening to me that a vibrant young designer like her had to be pulled down during this economic crisis. It shows that having an impressive skill in designing and a millionaire father to help out isn't enough to have a successful company in the industry these days. Just 7 months ago she took America by storm and unfortunately it ended rather too soon for Kira Plastinina. Hopefully this isn't the last that we will see from her - I'm sure she'll come back.

44 comments:

giggleness said...

aww. thats sad. :(
i love the dress shes wearing in that picture!
xx

Secretista said...

PSSHTT. I knew it would happen. Since working at Seventeen, I've seen a butt load of her collection. Her stuff is too pricey for its quality and her clothing, although cute, is not something everyone can wear. Hopefully she'll come back with much more marketable clothing!

Trish said...

Awww, for real? I hope she will comeback. I really love her designs. :|

Ana said...

Honestly she was not a good designer. Her clothes were just runway ripoffs that you could find at Forever21 only priced much higher.

Sharon Rose said...

Hi there-wow, such a lot of debt!!Its a tough business being a fashion designer and staying afloat too!

miss_vogue said...

yeah i was in santa monica and saw that her store was closed on the promenade. sad.

Emma said...

i can't say i love her designs, but it's sad to see such a young, promising designer go bankrupt!

She's Dressing Up said...

Ah this is such a sad thing for any designer =[

Sunset said...

I wasn't a fan of her line, but I certainly am sorry to see her go. :/

MizzJ said...

Wow, but really how did she accumulate that debt? While I feel sorry for her, she should learn better business.

Thu said...

wow, that's pretty shocking. i have to say, though, that i wasn't that much into her stuff.

Vanessa Simmons said...

I haven't heard about her much but after reading through your article it left me with a bit of shock. I do hope that her career could recover from its sudden decline and get back to fashion designing. She's still young and it looks like she's having a promising career so hopefully she'd be back.

The Seeker said...

That's what the crisis is making...
Sad.

Happy 2009

xoxo

dapper kid said...

Yikes that's sad, admittedly I was a major fan of her clothing, but I she definitely has potential for the future!

Fabulously Broke said...

It's sad, but her designs weren't that great esp for the price, and she grew the business to fast, too quick to be sustainable.

*shrug*

Fabulously Broke in the City
Just a girl trying to find a balance between being a Shopaholic and a Saver...

closeup said...

what a pitty :( !! I loved her fashion

MR style said...

that's a bit sad !! yeah

stephanie said...

she wasn't my favorite, but that's still pretty heart-breaking

KiKi said...

i wasnt too found of it or the prices back when she was published in teen vogue a while back. but it is sad that the economy is closing people's dreams down

deep_in_vogue said...

There are so many politics involved in keeping a brand afloat once you're working the mass market. Brick stores get hit first since there are so many expenses associated with their existance. I'm sure the talented young designer she is, she'll come through this with a lesson learnt.

chocandcinnamon said...

I didn't know it. How sad.
Hope it gets better!

Cory K said...

That's unbelievable. I hope she comes back, better then ever.

I love the blog.

forever & always . cory

Esther said...

I'm not sure who this Kira person is, but that dress she's wearing is very cute.

I changed the link to your blog on my blogroll! :) Sorry it took me so long!!!

miss_vogue said...

ahh girl trust me i would LOVE to keep the heels, its just that theyre half a size too small! i thought it wouldnt matter but alas...the pain!

AusAnna said...

it's so hard trying to start a new label in these times, and keep it going for that matter. i hope we see her somewhere again soon.x

karl's sweet child said...

yeah, poor kira..

lisa said...

I'm not a fan of hers but it is shocking to hear that she's filing for bankruptcy.

vipgal said...

its so sad to hear but all the best to her and hope shell recover soon or find other ways to contribute to fashion

miss_vogue said...

haha i like that, just like goldilocks!
if i stumble upon a smaller and similar pair, ill let you know first girl!

A-LIST said...

its sad, but in this case bankruptcy is just another term for BAIL OUT!, once again rich folks get a free ride, why cant her dad pay her debts? im sure they have the money. however, that would be wayyyy too generous (yeah, ok).she'll be ok though, her family has money, if anything she'll suffer humiliation.

fashion herald said...

will miss her pink store on 34th Street!

aisha said...

it really is about time..people say im just "hatting" because im 16 and shes living her dream and doing what i hope to be doing in about 5 years..but you know she hasn't been to design school,she doesnt know much about fashion.shes just got a rich dad..and my best friend knows her because they live next door to each other in Russia and she really doesn't design much her team do it..

vogued out!!! said...

oh no this makes me sad.

Summer said...

oh god!this is really sad.but i think she can still stand up again and start a new step for a new good career!!=)

ed said...

6K聊天室,080中部人聊天室,聊天室交友,成人聊天室,中部人聊天室,情色聊天室,AV女優,AV,A片,情人薇珍妮,愛情公寓,情色,情色貼圖,情色文學,色情小說,色情,寄情築園小遊戲,AIO交友愛情館,情色電影,一葉情貼圖片區,色情遊戲

言情小說,情色論壇,色情網站,微風成人,成人電影,嘟嘟成人網,成人,成人貼圖,成人交友,成人圖片,18成人,成人小說,成人圖片區,微風成人區,成人網站,免費影片,色情影片,自拍,hilive,做愛,微風成人,微風論壇,AIO

情趣用品,情色,成人,A片,自拍

情趣用品,色情,成人影片,色情影片,免費A片

情趣用品,成人網站,A片下載,日本AV,做愛

情趣用品,美女交友,A片,辣妹視訊,情色視訊

情趣用品,色情聊天室,聊天室,AV,成人電影

Womens dresses said...

That dress is lovely--i love the design!

AMIT said...

Fashion is a trend it is always going to rock.

Lingerie directory

kanishk said...

Hopefully she'll come back with much more marketable clothing!

Work from home India

amy said...

AV,無碼,a片免費看,自拍貼圖,伊莉,微風論壇,成人聊天室,成人電影,成人文學,成人貼圖區,成人網站,一葉情貼圖片區,色情漫畫,言情小說,情色論壇,臺灣情色網,色情影片,色情,成人影城,080視訊聊天室,a片,A漫,h漫,麗的色遊戲,同志色教館,AV女優,SEX,咆哮小老鼠,85cc免費影片,正妹牆,ut聊天室,豆豆聊天室,聊天室,情色小說,aio,成人,微風成人,做愛,成人貼圖,18成人,嘟嘟成人網,aio交友愛情館,情色文學,色情小說,色情網站,情色,A片下載,嘟嘟情人色網,成人影片,成人圖片,成人文章,成人小說,成人漫畫,視訊聊天室,性愛,a片,AV女優,聊天室,情色

Casual Jackets said...

That dress is lovely!I love the tartan style look

Marika said...

To tell the truth, we in Russia hate her. My friend actually knows her live, and she thinks that she is very stupid, she is failing her exams and acting like she is a queen. People make fun of her, which I hate, but she is not making a clothes by hersef.
We rarely buy something from her boutiques.

Anonymous said...

She accumulated that much debt because clearly no one in her company had any knowledge about business: you can't just start designing and expand that quickly. She was doomed to fail. You have to grow slowly and work within your means. That being said, I thought her clothing was forever21 with a huge ego attached to it. She's a joke within the industry.

IP Lawyers Melbourne said...

This outfit reminds me gossip girl..

url said...

Good read thanks