Kitson, the Los Angeles-based boutique known for catering to celebrities like Paris Hilton and Rachel Zoe, has decided to shutter its operations.
The company said late Thursday it has already begun the process of closing all 17 stores, as well as its online store shopkitson.com. Most of the stores are located in California, but some are in Oregon and Nevada.
Opened in 2000, Kitson helped many local designers by giving them a store to sell their products, some of which became “exclusives” for the boutiques.
James Wong, Kitson’s chief restructuring officer, said the company is in discussions with potential buyers of the brand.
Kitson has been struggling for some time. The company was searching for financing in early 2013 under the guise of wanting to expand operations. It couldn’t find an investor, but was able to secure new financing from Salus Capital in 2013. In June, it received new financing from BHK Investments LLC, an affiliate of Spencer Spirit Holdings, the operator of Spencer Gifts, which enabled Kitson to stave off a liquidation and make a required payment to Salus.