Kira Plastinina, the very young
and distinguished designer, filed for
chapter 7 bankruptcy on Jan 2, 2009.
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.
43 comments:
aww. thats sad. :(
i love the dress shes wearing in that picture!
xx
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!
Awww, for real? I hope she will comeback. I really love her designs. :|
Honestly she was not a good designer. Her clothes were just runway ripoffs that you could find at Forever21 only priced much higher.
Hi there-wow, such a lot of debt!!Its a tough business being a fashion designer and staying afloat too!
yeah i was in santa monica and saw that her store was closed on the promenade. sad.
i can't say i love her designs, but it's sad to see such a young, promising designer go bankrupt!
Ah this is such a sad thing for any designer =[
I wasn't a fan of her line, but I certainly am sorry to see her go. :/
Wow, but really how did she accumulate that debt? While I feel sorry for her, she should learn better business.
wow, that's pretty shocking. i have to say, though, that i wasn't that much into her stuff.
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.
That's what the crisis is making...
Sad.
Happy 2009
xoxo
Yikes that's sad, admittedly I was a major fan of her clothing, but I she definitely has potential for the future!
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...
what a pitty :( !! I loved her fashion
that's a bit sad !! yeah
she wasn't my favorite, but that's still pretty heart-breaking
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
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.
I didn't know it. How sad.
Hope it gets better!
That's unbelievable. I hope she comes back, better then ever.
I love the blog.
forever & always . cory
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!!!
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!
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
yeah, poor kira..
I'm not a fan of hers but it is shocking to hear that she's filing for bankruptcy.
its so sad to hear but all the best to her and hope shell recover soon or find other ways to contribute to fashion
haha i like that, just like goldilocks!
if i stumble upon a smaller and similar pair, ill let you know first girl!
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.
will miss her pink store on 34th Street!
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..
oh no this makes me sad.
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!!=)
That dress is lovely--i love the design!
Fashion is a trend it is always going to rock.
Lingerie directory
Hopefully she'll come back with much more marketable clothing!
Work from home India
That dress is lovely!I love the tartan style look
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.
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.
This outfit reminds me gossip girl..
Good read thanks
Too bad for this beautiful and goal-driven lady. :(
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