According to WWD, British label Luella, has lost its financial backers and as a result will not be able to ship its Spring 2010 collection orders. The fact that just last year, designer Luella Bartley won the British Fashion Council’s 2008 Designer of the Year award, just goes to show that in this economy, nothing is guaranteed. To me, the news are also quite shocking, simply because the reviews of Spring 2010 collection were nothing but glowing! Luella was also one of my fave shows from London’s runways. Here’s hoping that they’ll pull through somehow and get someone else to finance their operations.

Photo Credits: www.zimbio.com