Skip Nav
fall 2017
The 8 Trends You'll Be Wearing Next Fall
Princess Beatrice
Princess Beatrice of York Hangs With Kate Middleton, but Her Style's on Another Level
celebrity style
Flashback: Rachel McAdams Pulled a Style Move No Star Ever Had Before at the 2016 Oscars

Phi Label Goes Out of Business Due to Recession 2009-12-21 13:27:22

This Just In: Goodbye, Phi

Sad — the fashion industry has taken yet another blow thanks to the recession. Phi, the label started by Susan Dell in 2003, is the latest to be affected. Its Pre-Spring line, which just landed in stores, will be its last. The Phi boutique in NYC is also expected to close down by the end of this month.

"It's a really challenging climate right now for luxury goods. There is not so much confidence in that market going forward," said chief executive officer Julia Hansen. Let's take a moment and recap Phi's greatest hits, including its tough-luxe Spring '10 line.


Image Source: Getty
Around The Web
Join The Conversation
2011 Kitchen Design Trends From Kelly Edwards of Design on a Dime and Tacky House
Lindsay Lohan Rents Venice Beach House After Rehab
Before and After Photos of Ryan Phillippe's Hollywood Hills Home
Jude Law and Sienna Miller Purchase New Home in Highgate, London
Graham and Brown Launches Designer Interior Paint Collection
CasaSugar Hosts a Twitter Chat
Interview With Nathan Turner on Dutch Touch, Million Dollar Decorators, and One Kings Lane

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Fashion
All the Latest From Ryan Reynolds