Fashion Label Phi to Shutter FINANCIAL, LABEL, MAIN 12.21.09Written By Ben
Chief executive officer of Phi, Julia Hansen, has announced that the label will be closing shop due to economic conditions. Phi was established in 2003 by Susan Dell, Michael Dell’s wife.
Julia Hansen stated, “It’s a really challenging climate right now for luxury goods. There is not so much confidence in that market going forward.”
Source: The Cut
