If the rumours are true, it's sad news for off-beat American label, Band of Outsiders, as evidence mounts that the brand is in the process of folding the business. Insiders have disclosed that the company has laid-off the vast majority of staff including senior members such as Nicole Cari, who has been with the Los Angeles-based company from 2008 as its vice president of marketing and communications.

Another major signifier is that the label has cancelled all of its Fall wholesale orders to retailers, stating that it has not had the funds to put the collection into production to satisfy orders. 

The label was founded by designer Scott Sternberg in 2004 as a men's tie and shirting company, and after launching a complementary women's line in 2007, it was a CFDA/Vogue Fashion Fund nominee in 2008. Showing huge promise. 

Friends of Sternberg and fans of the label, Kirsten Dunst and Aziz Ansari happily posed for his Polaroid look books, actor Jason Schwartzman also wore his tuxedo on the red carpet and with these celebrity admirers the brand encouraged a serious cult following. 

After receiving a cash injection in 2013 the label opened its first stand alone store in Tokyo followed closely by a store in LA. At the time of writing, the store is still open but the future of the brand seems very much on the rocks. Stay tuned to Buro 24/7 Middle East for more on this story as it develops...