After much debate, Mike & Chris will not be folding. They have just signed a licensing deal with Green Mochi LLC, which also has partnerships with Twelfth Street by Cynthia Vincent and A.L.C. The deal basically allows Mike & Chris to focus solely on design, and Green Mochi on the tedious paperwork/business side. This means that we can expect more of the slouchy L.A. style jackets and fleeces we have come to depend on from outerwear company.

Via: The Cut, WWD