Rumors has been spreading across the blogs that Mike & Chris was folding, but I never wrote about it because I didn’t believe the rumors- I’d be really sad if that happened. I wouldn’t think they’ll hold a sample sale if they were closing, instead they’ll probably do a closing sale. But all rumors has been cleared, WWD reports that Mike & Chris signed a licensing agreement with Green Mochi LLC. “Effective immediately, the deal allows Mike & Chris co-founder and designer Mike Gonzalez to focus on design. Green Mochi, which holds equal partnerships in contemporary label Twelfth Street by Cynthia Vincent and A.L.C., the fashion line launched for next spring by celebrity stylist Andrea Lieberman, oversees Mike & Chris’ production, invoices and shipments.” This all makes sense now why they held a sample sale together with Twelfth Street by Cynthia Vincent, I’m just happy they made it through this hard time!
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