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It’s real in these streets for celebrity fashion lines! Last month Jennifer Lopez’s clothing line Sweetface went bankrupt and now Kimora Lee Simmon’s line Baby Phat might be headed for the same fate. The Wall Street Journal reported that Kellwood Co. - an apparel manufacturer who’s brand’s include Baby Phat, Fabulosity, Phat Farm, Vince, and Xoxo, among others - may have to file for Chapter 11 bankruptcy if they can’t come up with the money to pay a $140 million bond issue by Wednesday. |