Is the Lohan Curse Shuttering Ungaro's Madison Avenue Store?

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Everything at the Upper East Side's Ungaro store is currently on sale for 75% off—but why? The Awl reports that at least one regular customer got a phone call from an Ungaro staffer announcing that the location would be closing February 27th, hence the liquidation sale. When they called to confirm, however, another employee said that they were merely selling off fall and winter merchandise, and that the boutique "was fine." We reached out to the store for further information and were referred to the Paris office, which we've emailed.

Let's assume for a moment that that the store is closing, though. Can we agree that Lindsay Lohan has done more damage to the company's business than anyone thought possible? Since Ungaro hired Lohan as artistic designer last year, we've heard nothing but bad news about the label. Meanwhile, other brands partner more casually with celebrities all the time, and they manage to survive. Was Ungaro on a downward slope already? Did they give Lindsay too much power, or allow her to take too much focus from the clothing? We're guessing it's a little of column A and a little of column B, but do let us know your thoughts.
· Lohan-Centered Biz Model Drives Ungaro Into Closing Madison Ave. Store [The Awl]
· In The Window: Ungaro Already A Mess, Lohan Or No [Racked]
· Critics Really Hate Lindsay Lohan's Ungaro Collection [Racked]