Phi, the critically acclaimed sportswear label founded by Susan Dell in 2003, is closing, another victim of the recession.
The collection developed a cult following in the New York fashion scene. But the pre-spring delivery, which was shipped to stores this month, will be Phi’s last. The Phi boutique at 71 Greene Street in Manhattan’s SoHo neighborhood is to close at the end of next month.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"