Posted under mtv
By Corey Celt
The economy has already claimed the American automotive industry and the real estate market, and now it has its sights set on its next victim: Crocs. The bright, colorful clogs first burst onto the fashion scene in 2002 and since then have become a must-have trend for some and an eyesore for others. Since 2002, the company has outfitted nearly 100 million people with a pair of the comfy shoes. Many of the happy customers include super chef Mario Batali, 30 Seconds to Mars frontman Jared Leto and comedian Adam Sandler. Stars wear them everywhere from the streets of Los Angeles to the red carpet (as Sandler did in to the premiere of “The Longest Yard”).
But the American makers of the wildly successful shoe company are fearful of a possible shot down if they company are not able to repay their debts by September, according to the Washington Post. A victim of the inevitable change in fashion and the recent economic downturn, the clog maker is finding that shoe may no longer fit.
(Check out more photos of stars in Crocs, including Adam Sandler, Mario Batali and Ian McKellan!)
As Crocs become a dying breed and Mario Batali seeks out another solution for wearing around the kitchen, there will certainly be less color and less comfort on the feet of the world — whether you thought they were fashion-forward or hideous.