Band of Outsiders is Reportedly Finished
Fashionista is reporting that Band of Outsiders, which launched as a shirt and tie company by Scott Sternberg in 2004 before gaining a cult following and expanding to a full range of men’s and women’s clothing, is “done.”
Claiming $12 million in sales in 2010, Sternberg took on an undisclosed amount of money from investors in 2013 for “a really important expansion phase.” {WWD} That coincided with the opening of a standalone store in Tokyo the same year.
Rumors of trouble emerged in February when the brand canceled their Fall 2015 show at New York Fashion Week, but a spokeswoman specifically denied that business or financial issues were behind the move.
“According to several people who have worked at, or with, the company, Band of Outsiders has laid off the majority of its staff, and canceled all fall wholesale orders. The brand was low on funds and chose not to produce its next collection.” {Fashionista}
Band of Outsiders has not commented.
