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Mike & Chris "Restructuring," Future of Label is Uncertain

Updated 12:42 PM PST, Thu, Nov 13, 2008

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We've just got some breaking news across the wire about Mike & Chris, the Cali label that didn't show up for their NYC sample sale this morning, and it isn't good.

Rumors fly that the company is going belly up. And while we reached a sales director who denied this claim, a Racked source says some employees at the company haven't been paid.

No one is picking up at the brand's New York showroom, but the sales director we spoke with at their California showroom assured us that the company isn't folding. Instead, she says that the company is "restructuring."

MORE INFO ON RACKED NY "Ominously, all contact information has been removed..."

For more stories from Racked LA, go to la.racked.com.

First Published: Nov 13, 2008 12:34 PM PST

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