Insiders say business began to decline when owner Michelle Lamy moved to Paris with boyfriend Rick Owens last year. “It closed because the business just wasn’t doing well enough to support it. We knew that once Michelle left, it would only be a matter of time before it died out, but the way it happened was really awful. No one was paid for the last three weeks of work,” said one former employee.
Under the management of Lamy’s ex, Richard Newton, bills went unpaid and investors became irate. “A few things have to be sorted out. Nothing is definite,” said Newton, but staffers are already looking for new jobs. Meanwhile, Lamy now holds court at Paris’ L’Avenue, where she occupies the front table most nights.