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Why Did Foundry on Melrose Shutter After Less Than a Year?

First image by <a href="http://www.elizabethdanielsphotography.com/#/">Elizabeth Daniels</a>
First image by Elizabeth Daniels

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October 21st would have been Foundry's first birthday. Last year, 24-year-old San Franciscan Aedan Macdonald invited his pal Alexa Chung to host the jam-packed opening of his promising Melrose boutique, where the international It girl sung his praises to us: "I think it's really cool what Aedan is doing. Especially in this economic climate, he hasn't gone overboard on stocking pricey labels, and if something is more of an investment he makes sure the piece is completely wearable and timeless."

Chung approval, a great location and a well-curated inventory—what could possibly go wrong?

Although we have yet to receive an official statement from Team Foundry, we did hear from a source that there were rumblings about Macdonald moving to London, so maybe he's setting up shop there. Foundry online vaguely states that a new website is coming soon and lists some of the cult-cool men's and women's brands the shop carried, including Antipodium, JW Anderson, Rochambeau and Samantha Pleet.

Why do you think Foundry shuttered so soon? Could it be, as a commenter stated in our original post, that people were confused by the fact that there's an eatery also named The Foundry on the same street?
· Foundry [Official Site]
· Alexa Chung and More Starlets Welcome Foundry To Melrose [Racked]

Foundry

7955 Melrose Ave, Los Angeles, CA