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A few years ago, we strolled into Jake, a high-fashion boutique on Chicago's bustling Rush Street, and overheard a sales associate showing a loyal customer a stunning top by 3.1 Phillip Lim, while extolling Lim's virtues as a designer. Fast forward to today, and although 3.1 Phillip Lim has stuck around to become a household name for fashionistas, Jake has closed and left a muddy wake of controversy.
It began in 2007 when the recession hit Jake hard, and the two owners fell far behind on paying for clothes delivered from upcoming labels like Doo.ri and Costello Tagliapietra. While we don't believe they got the tens of thousands owed to them by Jake, the designers have at least moved on. As has the Jake's prime Rush Street space.
It's now a shop devoted to GAP's 1969 denim. Serves them right, too.
· Jake Boutique Closes: Third High-End Fashion Closure in Chicago [Racked]
· The Trouble With Jake [NYT]