Why Charlotte Olympia Dellal’s Shoe Label Filed for Bankruptcy

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Scroll down to see celebrities wearing shoes by Charlotte Olympia, a British shoe and accessories brand founded by Charlotte Olympia Dellal in 2008.

Daughter of Brazilian model Andréa de Magalhães Vieira and British property developer Guy Dellal, she was born in 1981 in Cape Town, South Africa. Currently, she lives in London with her husband, private equity investor Maxim Crewe, and their four boys.

Footwear designer Charlotte Olympia Dellal attends the V&A Summer PartyFootwear designer Charlotte Olympia Dellal attends the V&A Summer Party at The V&A on June 20, 2018, in London, England (Credit: JRP / WENN)

On February 17, 2018, Charlotte Olympia’s three Delaware-based firms Pinktoe Tarantula, Desert Blonde Tarantula, and Red Pump Tarantula filed for bankruptcy in the U.S, citing the “unprecedented disruption in the retail market.”

“The brick-and-mortar retail environment has been experiencing, and continues to experience, unprecedented disruption due to a confluence of factors, including the proliferation of online retailers, changing consumer tastes and demographics, and increased competition,” chief restructuring officer William Kaye stated in the filing.

Charlotte Olympia Dellal shows off her feet in black sandals from her eponymous footwear labelCharlotte Olympia Dellal shows off her feet in black sandals from her eponymous footwear label

“Despite selling the iconic Charlotte Olympia brand and taking steps to reduce their expenditures, the debtors’ operations are not profitable due to the widespread disruption in the retail industry.”

While the U.S. affiliates doing business as Charlotte Olympia declared bankruptcy and closed four retail outposts in New York, California, and Nevada, Charlotte Olympia Dellal is still in control of her namesake brand.

You can check out her latest shoe designs at Zappos and Matches Fashion.

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