Dior Creative Director Kris Van Assche confirmed what we were hoping was a rumor. He will be sunsetting his label to focus more on his work at Dior. In a recent interview he said “Times are tough for independent labels,” the designer admitted. “This wonderful adventure has reached a point where I feel the need to take a break and some distance to better think about how to develop my brand in the future.” Another label rumored to be headed for the same fate is Band of Outsiders. After more than ten years in the game, BoA has proven to be one of the heavyweights in this industry. Hopefully the rumors of them closing down are just that. Be sure to check back for details and updates.