Wow. This is really shocking news to see that one of Miami’s pioneering fashion empires is pretty much done and out of business. This economic downturn has grown worse in the past few months, but this news of “the fall of Irene Marie” is mostly due to the downsizing of the print industry. Whether you like it or not, print is basically dead and magazines are pretty much where you primarily saw these models in all of those high fashion luxury ads. And now…poof, gone.
At one point, about a year ago,Â Irene Marie represented 1,500 faces and had about 18 employees. Then after months of paying out of pocket to keep the business afloat and attempting to make “four-day work weeks” work, IreneÂ was forced to shut the agency’sÂ doors and is now considering filing for bankruptcy.
I kind of suspected something ever since the second season of the MTV reality show 8th & Ocean, which revolvedÂ around the Irene Marie modeling agency, never came to fruition.
Another one bites the dust. Click below for the entire story and to hear directly from Irene, in regards to the events that have transpired.
Source: Miami Herald