Sydney-based apparel label Ixiah has decided to pause business operations, becoming the latest local fashion business to do so in 2024.
In a statement across its social channels, Ixiah shared that the decision was not made lightly after exploring all avenues to continue its operations.
“However, despite our best efforts, we have determined that taking a temporary pause is the most prudent course of action given the current economic climate,” the company wrote. “We deeply regret any inconvenience this may cause and want to express our sincere apologies.”
Ixiah was established 12 years ago by designer Krystel Davis-English, and produces premium apparel and accessories across various womenswear categories.
“We have hand-picked over 20,000 online orders, served more than 10,000 of you in our store, worked with the industry’s elite, collaborated with influencers, shown at Fashion Week, supported various charity initiatives and most importantly, built cherished relationships and personally met many of you.
“Ixiah has been retailed worldwide with agencies in Norway, Poland, Russia, the UK, and Italy. With more than 30 trips to manufacturers and over 5,000 unique designs, all that began with a sketch.”
“Now, it is time to stop, reflect, and navigate the future of our business.”
Ixiah is the latest fashion business to pause operations. Last month, the co-founders of Victoria-based brand Monte Slippers also decided to pause business operations amid surging costs across the company.
Co-founders Lib and Will Carter said that the decision to close came after a challenging period post-COVID coupled with a cost of living crisis on Australian households.
Speaking with Ragtrader last month, the pair detailed rising costs across the board - from material sourcing to marketing.
“Cost of materials increased as well as shipping prices, especially during and after COVID. We moved our production from China to Brazil for better quality of product and service that resulted in a 20 per cent increase in production and shipping costs.
“Local shipping costs through Australia Post also increased by 5-10 per cent.”