Fashionista is reporting that beloved beauty brand Stila is declaring bankruptcy:

We hear that Stila has gone bankrupt. ... We hear employees were given little advance notice, and arrived to offices that were shut yesterday morning. Several attempts to contact Stila via e-mail and phone calls went unanswered.

The site also points out that Stila's e-commerce site is down for maintenance, with a note saying that some already-placed orders may be canceled. I'm taking this news with a grain of salt until the rumor is confirmed, especially because I don't want to imagine the loss of Kitten eye shadow. Let's hope that Stila isn't filing for bankruptcy — and if it does, that this won't be the end of this cute, clever makeup line.

Update: Stila reps say that the company is refinancing and not bankrupt. More details to come.