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The Rise and the Fall of Kira Plastinina

January 07, 2009 
by:
 Nora Gasparian

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 along with the 10 stores in the Ukraine have not been affected.

In case you’re wondering how this girl did all this at such a young age, let’s just say she had a really rich dad to help her.

The good news is her website www.kiraplastinina.us has a ton of her stuff on sale, with most items up to 75% off.

If the whole "fashion designer" thing doesn't work out for her, she can always fall back on modeling. She's hot enough for the job.
Read More:
Kira Plastinina Nicole Richie

Reader Comments
8:51AM 01/12/09 Michael1
uglyest clothes I have seen in a long while
4:16AM 01/11/09 girly987
Yeah if I was in that much debt and had a rich daddy, I wouldn't be too worried either.
6:20PM 01/10/09 gevo
damn, i wanna date her lol
9:04PM 01/08/09 versace
poor thingg.. at least she is trying new things
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