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NEW YORK, NY - FEBRUARY 12:  Designer Adam Lippes walks the runway at the Adam Fall 2011 fashion show during Mercedes-Benz Fashion Week at The Stage at Lincoln Center on February 12, 2011 in New York City.  (Photo by Stefan Gosatti/Getty Images for IMG) (Photo by Stefan Gosatti/Getty Images for IMG)

ins and outs

Kellwood Drops Adam Lippes

Apparel group Kellwood Co. will no longer provide funding to Adam, a New York-based clothing line designed by Adam Lippes. Kellwood bought Adam from Lippes in August 2010, adding to its growing repertoire of contemporary sportswear labels that now includes Vince and Rebecca Taylor. WWD reports that Adam employees heard of Kellwood's decision earlier today, and that the label "is still exploring its options" — presumably, either finding a new buyer or going out of business. Meanwhile, their pre-fall 2012 collection showings, initially scheduled for next week, have been canceled. This isn't the first time that Kellwood has "unceremoniously dumped" someone: They notoriously dropped  Kimora Lee Simmons from her Baby Phat line last year, despite her flagrant protests.

Photo: Stefan Gosatti/Getty Images