The “Obama Curse” is spreading to the president’s family members — Michelle is now a carrier.
It’s kind of ironic that a dress designer is going out of business in part due to economic conditions being perpetuated by the husband of said designer’s most famous customer, but that seems to be the case here:
The signs of Maria Pinto’s rise were clear when Michelle Obama entered the world stage wearing her designs, also favored by Oprah Winfrey.
Today the signs on Pinto’s Chicago shop say something different: “Closeout.” “Final Sale.”
Pinto is closing her Chicago boutique with a liquidation sale through Saturday offering discounts of up to 70 percent on her clothing, some of which is priced at thousands of dollars per piece.
The designer blames a poor economy, but the closing also may call into a question the notion that a fashionable first lady could single-handedly save an on-the-verge designer.
So Pinto’s dresses are now at about 30% of what they used to be and soon she’ll be completely out of business — just like Obama’s approval numbers and his presidency.
Pinto opened her boutique in Chicago in August of 2008, so her fast rise and even faster fall pretty much mirrors that of you-know-who.
Moral of the story: The Obamas are one basket you don’t want to put all, if any, of your entrepreneurial eggs in.
Hang in there Maria — a “dress designer bailout” might be on the way! You’re simply too fashionable to fail.