Ossie Clark, fall 2009.Photo: Imaxtree

Ossie Clark just announced plans to close. The label was relaunched last year with financing from Marc and Julian Worth. A spokesperson told WWD, "Due to market conditions, developing the business has been challenging and the decision has been made to cease trading." The label was iconic in the sixties and seventies and re-debuted at London Fashion Week in February of last year. Its latest head designer, Avsh Alom Gur, whose work for the house received mixed reviews, left Clark in March to focus on his signature line.

This is sad. Hopefully Escada and Christian Lacroix can make it out alive.

Ossie Clark to Shut [WWD]