Skip Nav
Oscars
The Oscars Red Carpet Is a Stylish End to Fashion Month
Oscars
Kate Bosworth's Oscars Dress Transformed Her Into a Modern-Day Cinderella
Oscars
17 Stylish Moments You Might Have Missed at the Oscars

Vena Cava May Be Closing Down

Vena Cava Reportedly At Risk of Shuttering

<p>

>> In the wake of opting for an intimate dinner party — in lieu of their usual runway show or presentation — for the Spring 2012 season in September comes news that Vena Cava may be in trouble.

<a href="http://www.wwd.com/fashion-news/fashion-scoops/vena-cava-on-the-brink-5375938" onclick="trackOutboundLink('article:page', 'www.wwd.com', '20454361', 'http://www.wwd.com/fashion-news/fashion-scoops/vena-cava-on-the-brink-5375938')" target="_blank">WWD reports</a> that the label was in the final stages of negotiating a financing deal with an unnamed investor earlier this month when talks broke down. According to WWD's source, Vena Cava's current financial state is "drastic," and it won't be able to move forward without an angel investor or partner coming forward.

Fashionista</i>, meanwhile, reports: "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." Apparently founders Lisa Mayock and Sophie Buhai, who started Vena Cava in 2003, have moved their offices home, and still have a deal with TJ Maxx in the works.

“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,” Mayock told WWD.

Image Source: WireImage
Around The Web
Join The Conversation
Memorable Outfits From the Grammy Awards
Best Dresses From SAG Awards
Pictures of Celebrities at the People's Choice Awards Over the Years
The Worst Golden Globes Looks
Pictures of the Victoria's Secret Fashion Show Over the Years
Crazy Celebrity Halloween Costumes | Pictures
Celebrity Halloween Costumes | Pictures

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