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.
20:11, October 14Kim Kardashian: Still can’t get over how amazing Armenia is! (PHOTO)
18:17, October 14Pregnant plus-size model Ashley Graham shares nude photo (18+)
16:17, October 14George Clooney cheats on his wife ahead of wedding anniversary
15:55, October 14Kanye West confesses he converts to Christianity
13:18, October 14Elton John: Michael Jackson had mental disorder
12:11, October 14Demi Rose shares new photo inspired by Kylie Jenner’s hot look? (18+)
10:14, October 14How Mario Dedivanovic became Kim Kardashian’s makeup artist? (PHOTOS)
23:13, October 13Kylie Jenner says stretch marks after childbirth are “gifts” from her daughter
15:01, October 13Kim Kardashian intends to meet with Greta Thunberg, 16, and help her
14:13, October 13Scandal at ‘Miss France’ contest
10:05, October 13Kourtney Kardashian: It was very special to be baptized at Etchmiadzin Cathedral
15:13, October 12Billy Porter expected to play fairy godmother in new Cinderella movie