By Kimberly McDonald
Ever since Beauty News learned that one of our favorite clothing lines is pulling out of the U.S. market, we’ve been haunted. GHOST has been featured several times in our publication, always lauded for their ‘no dry clean necessary’ crepe-like material, fabulous colours and flattering designs. The company, recently mentioned in the NY Post for their sold out-wait-listed high waisted jeans, boasts celebrity clientele such as Julia Roberts, Liv Tyler and Brooke Sheilds.
Beauty News learned exclusively last week that, in “an effort to simplify (their) business model, the company has issued orders to close their LA store (late Nov.)and will be utilizing their NYC location as a clearance center for the next several months, eventually closing in January 07. Company insiders spoke with BN, stating that “(GHOST) has decided to pull out of the US market by the end of this year, and discontinue their wholesale trade internationally.”
Launched in 1984, the line’s originator, Tanya Sarne (who some say was the inspiration for Ab Fab’s Edina Monsoon) sold a portion of her company to Kevin Stanford, the retail entrepreneur, and a group of Icelandic investors. At the time of the sale, Tanya and her business partner, Ris Fatah, retained about 40% of the company. During the early months of this year, we’re told the company moved its manufacturing operation to China.