It seems that the recession is hitting everyone hard.
Maria Pinto, probably known around the world for dressing First Lady Michelle Obama, told the Chicago Sun-Times that she has started the process of shutting down Lola Black LLC, including the closing of the Maria Pinto retail boutique in the West Loop. It's also expected that Pinto will be seeking protection against bankruptcy.
Pinto long made her mark here in Chicago launching her first line in 1991 and selling her upscale collection of women's accessories to stores like Bergdorf Goodman. She then expanded to evening and casual wear while relaunched the line in 2004. Besides Obama, Pinto has also dressed high profile customers like Oprah Winfrey and Chicago top socialites as well as top civic leaders.
Though times are rough, Pinto is certain that the brand will survive. ‘I am confident that the ‘Maria Pinto’ name will not go away, but will merely take a break, before emerging in a new form. I plan on using the next several months to explore different avenues and opportunities for business, as economic conditions improve,” Pinto said.
Photo: chicagomag.comSee the Top Ten Summer 2016 Trends for Women Over 40