Tchotchke chain Kitson is closing its doors.
The 15-year-old retailer, known for its high-low selection of quirky merchandise, revealed Thursday that it would shutter all 17 of its locations in California, Oregon and Nevada as well as its online store.
According to a statement by James Wong, chief restructuring officer, Kitson is in talks with potential buyers who will preserve the brand. No further details about its demise were shared.
The Los Angeles Times reported that global investment firm Gordon Brothers Group and retail advisory firm Hilco Merchant Resources started liquidation sales Thursday at all of Kitson’s brick-and-mortar stores, while a note on shopkitson.com, the retailer’s e-commerce site, is promoting a 30-50 percent off in-store sale.
Once frequented by famous faces spanning the Kardashians to Paris Hilton to Lindsay Lohan, Kitson has had some money problems in recent years. In May 2013, Kitson received a $15 million credit line from Boston-based Salus Capital Partners to refinance existing debt and provide working capital for “general corporate purposes.”
Last June, Spencer Spirit Holdings Inc. agreed to help the retailer avoid a Chapter 11 situation by paying down the Salus loan. And late last month, the retailer was sued by Vivienne Westwood for allegedly skipping payment on an order of $41,363 worth of goods in 2014.