12/18/2008

Bummer!







WWD reports "For Russian teenage design phenom Kira Plastinina, it looks like a quick rise and fall in theAmerica. American sources close to the company said many, if not all, of the 12 Kira Plastinina stores in America could close soon. Difficulties were pegged to the declining fortunes of Plastinina’s father, Sergei Plastinin, a tycoon in the dairy and fruit business in Russia, who bankrolled the U.S. rollout and was heavily invested in the Russian stock market. Shortcomings in how the chain was operated and the impact of the recession in the U.S. were also cited.

The launch of Kira's store started off with a big bang. She had fashion shows attended by Hollywood socialites and A-listers. I expected lots of success, especially since her clothes are affordable and uber cute.

Check out her site below.
Kira Plastinina

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