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November 18, 2011

Vena Cava Is 'On The Brink' Of Going Under

Sadly things aren't looking to good for Vena Cava. Although the label has been well received by editors and celebrities since it was founded by design duo Lisa Mayock and Sophie Buhai back in 2004, the brand shutter.

As well as deciding not to show their S/S12 collection back in September, a source close to the brand revealed that the label had to move out of their Soho headquarters this week and are currently working from home and have had to lay off a lot of staff. Although their collaboration with TJ Maxx may still go ahead, WWD confirmed that the recent reports about the labels' financial situation are true and they are "on the brink". The trouble was caused by the loss of a major investor earlier on in the year but according to the duo, there is still potential for more investment. “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,” Moyak told WWD.

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