Mike & Chris “Restructuring,” Future of Label is Uncertain

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." Ominously, all contact information has been removed from the Mike & Chris site. If anyone from Mike & Chris corporate would like to issue a statement, our tipline is open.
· Mike & Chris Sample Sale May Be Cancelled [Racked]
· Mike & Chris [Official Site]For more stories from Racked, go to racked.com.

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