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Michelle Obama’s dress designer hit by financial crunch | Popular designer Tracy Feith, whose clothes had reportedly been worn by celebrities including the First Lady of the United States Michelle Obama, is said to be facing
financial woes. According to the New York Daily News, Feith and longtime partner
Susan Winget have been virtually invisible as of late. Reason: He and his company
owe around 200,000 dollars to landlords in Manhattan and in Montauk. Feith got
the most coveted fashion seal of approval in January 2009 - outfitting the First
Lady - when US President Barack Obama stepped out in his floral frock during
inauguration
festivities. But by May of that year, he was evicted from the Madison Ave , where
he operated his boutique. By December, a judgment was issued in the Manhattan
Supreme Court ordering Feith's firm to pay 77,060.38 dollars in rent he owed to
his landlord, KPLJ LLC. Another judgment issued by the Supreme Court last August
determined that Feith himself was on the hook for an additional 152,745.27 dollars
because he had personally guaranteed the lease. "It is shameful that a popular
and successful designer has shunned his most basic business obligation by failing
to pay rent for his retail store," said KPLJ's lawyer Edward Shapiro. But Feith's
troubles don't end there. Feith and Winget owe B J Wilson, the property manager
of Montauk Lakefront Cottages, approximately 7,000 dollars for three cottages
they rented last year for themselves and employees. "They paid half of what was
due, skipping out on the remainder," Wilson said. "They won't return phone calls.
They've disappeared," he added. According to one East End insider, "Tracy and
Susan didn't show their faces in Montauk this summer," where they once were social
fixtures.
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