Cookie banner

This site uses cookies. Select "Block all non-essential cookies" to only allow cookies necessary to display content and enable core site features. Select "Accept all cookies" to also personalize your experience on the site with ads and partner content tailored to your interests, and to allow us to measure the effectiveness of our service.

To learn more, review our Cookie Policy, Privacy Notice and Terms of Use.

or
clock menu more-arrow no yes mobile

Filed under:

Everything That Band of Outsiders Owns Is Up for Auction

Driely S.

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

News broke in May that Band of Outsiders would shut down, and by June, designer Scott Sternberg posted a final goodbye on the brand's Instagram. Now WWD reports that Band of Outsiders' intellectual property rights and inventory will be auctioned off on July 29th.

Belgian fashion fund CLCC SA is holding a public auction that will involve selling all of Band of Outsiders' remaining inventory, which includes more than 5,000 items. The brand hosted massive liquidation sales in June at its Soho flagship in an attempt to sell off that inventory. The shop's adjoining Milk Bar bakery is now closed along with the store.

Previous reports indicated that Band of Outsiders "simply ran out of money" and that was the reason for the brand's closure. Now WWD's source maintains that CLCC SA took over Band of Outsiders’ assets after the brand couldn't pay its credit line of more than $2 million.