After much speculation, today it was confirmed that Ossie Clark officially will close its doors.
The company was bought in 2007 by WGSN founder Marc Worth, who planned to rejuvenate the brand with the help of young designer Avsh Alom Gur. "[Ossie Clark] had so much potential, and it was unfulfilled," Worth said of the brand at the time, a sentiment I'm sure he was feeling today when the news was released.
Earlier in the year it was announced that the designer was leaving his position as creative director at the brand and was being replaced by Gharani Strok co-designer Nargees Gharani. Unfortunately we will never get to see what she had planned for the brand.
This comes at a time when several brands, established and new, are feeling the effect of the credit crunch. Escada and Christian Lacroix are only two of the many examples of companies that have filed for bankruptcy in the past couple of weeks.