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The Rise and the Fall of Kira Plastinina

January 07, 2009

The world’s youngest fashion designer, Kira Plastinina opened 12 stores in the U.S. throughout the year, but unfortunately she’s currently busy shutting them all down.

KP Fashion Co. filed for Chapter 7 bankruptcy on December 31 in New York. The court papers indicate that the 16-year old fashion designer had $9.7 million in assets and $54.4 million in debt.

Don’t feel too bad for Kira though; the 40-plus stores that she has in the Russian Federation...

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