Bye Bye Phi

This economy really need to get back on the runway. WWD reported that founder of Phi, Susan Dell will be be closing the curtains. Like Lacroix, the recession kicked it around until it just couldn't take no more. Founded in 2003, the label was very short lived, but with that time they managed to make a name for themselves and became high sought after. Known for their structural garments Phi was seen to some a being the future of fashion. Its sad that all that innovativeness will soon come to a halt::.