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When Isaac Mizrahi sent out a lookbook for his spring 2012 collection instead of showing at Fashion Week this year, things seemed a little fishy. Well, now we know why. Xcel Brands Inc. bought his company, and the high-end line wasn't a part of the package. WWD reports that it "will likely be phased out and repositioned as a licensing business," meaning the high-end Isaac Mizrahi line will cease to exist as we know it; rather, it could be produced on a larger scale with more product categories, and with a price reduction.
Looks like this means no more dyed-poodles and cake fashion shows. As a consolation prize, you can hear what he has to say about eight seasons worth of contestants on Project Runway All Stars, when he joins on as a judge.
· Xcel Brands Buys Mizrahi for $31.5M [WWD]
· Isaac Mizrahi Didn't Show This Season, But He Sent Out a Lookbook