• Chanel leaves Russia French fashion house

  Other luxury brands will follow this path, experts are sure...

• Penelope Cruz and Brad Pitt's "romantic date" in the new Chanel film (VIDEO)

  Penelope Cruz and Brad Pitt starred in a new Chanel film, which introduced the brand's Fall-Winter 2024/25 Ready-to-Wear show...

• Penelope Cruz, Vanessa Paradis, Gigi Hadid at Chanel Paris Fashion Week show

  The stars were out in force at the hottest ticket in town, the Chanel Paris Fashion Week show at the Grand Palais on Tuesday․․․

• Kim Kardashian has Morticia Addams moment at Balenciaga show during Paris Fashion Week

  Kim Kardashian stepped out to the Balenciaga show at Paris Fashion Week on Sunday․․․

• Charlotte Tilbury sponsors 2024 Formula 1 Academy

  Charlotte Tilbury has made history as the world's first female-founded beauty brand to sponsor the 2024 Formula 1 Academy, which aims to support the training and development of female racing drivers. The partnership also marks the beauty brand's first global sponsorship in sports...

• Exhibition Michaela Stark: Provocation, love for fat bodies

  The Panty Show exhibition of artist, designer, and couturier Michaela Stark opened as part of Milan Fashion Week. The exhibition is dedicated to body positivity and love for fat bodies...

• ArmenՅԱՆs: Armenian designer Khosrov on his “tree dress” which hit the Grammy’s red carpet, his roots and inspirations

  The name of the Armenian designer Khosrov Melkonyan became more popular after this year’s Grammy awards...

• Gisele Bündchen becomes face of new bright campaign for Balmain

  In a series of photos taken by Raphael Pavarotti, Gisele wore colorful mini dresses and flirty jumpsuits that pay homage to Pierre Balmain's post-World War II designs...

The French court decided on the early liquidation of the bankrupt fashion house Sonia Rykiel due to the fact that there were no financially reliable buyers, AFP reported.

"It's like she has died a second time," declared Agnes Trouble, the veteran French designer and founder of the Agnes b. brand.

"It's the end of an era. Dior and Saint Laurent are all about bling now -- they no longer have the Parisian elegance they used to have" and that Rykiel symbolised, she told AFP.

The terms set aside for the search for a new owner were extended three times. During this time, the court considered ten applications for the purchase of Sonia Rykiel, but none of the candidates provided sufficient financial guarantees. Not a single application was submitted for the last competition.

Founded in 1968 by fashion designer Sonia Rykiel, the brand became for many a symbol of the rebellious spirit of protesting France, France 24 noted.

Follow NEWS.am STYLE on Facebook, Twitter and Instagram