According to sources for Bossip the Kellwood Co. which is the company that owns Babyphat could be filing for bankruptcy soon due to its inability to meet a big debt payment. The source says and I quote "Kellwood Co., one of the largest apparel manufacturers in the U.S., could be forced to file for bankruptcy soon, after it failed to reach an agreement with its bondholders, people familiar with the matter said.The St. Louis-based company, which employs roughly 2,000 people and owns such popular clothing brands as Phat Farm, Sag Harbor and Vince, was taken private in February 2008 by buyout firm Sun Capital Partners for $542 million.The twin effects of a heavy debt load and a sharp drop in consumer spending have crushed the company’s financial results."
So If it does indeed happen it could be the end of Kimora's Line. It's ok though she get's enough from Russell to help her out while she finds new ways to sell her brand.
Photo: Bossip
Betty Marion White (born January 17, 1922) is an American actress comedian and former television host with a career spanning over sixty-five years.
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