Sad Tale of Mike & Chris Continues

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Blog ShoeGuru is reporting that Mike & Chris has been sold to a company called Green Mochi LLC. "Mike&Chris (M&C Apparel Group Inc.) the Los Angeles 'indie' line of contemporary leather, knitwear and shoes has apparently gone under....Suppliers have been floundering, calling past employees for information on the company’s owner, CEO Michael Gonzalez (who’s cell phone has been disconnected) to collect past due invoices. Not much is known about the unfortunate demise, but rumors are flying. ShoeGuru’s source said that here in the US, M&C owes one factor upwards of $3million." [ShoeGuru; Previously]