Lindsay Lohan and Ungaro can teach retailers a lesson

The New York Post is reporting that fashion house Emanuel Ungaro may have put the nail in its own couture coffin when it hired Lindsay Lohan to design for them.

As I wrote last fall, the collection rendered from her vision was received with uniform distaste -- and now, Ungaro is in shambles and desperately seeking a buyer.

Of course, we can't blame Lohan for all of this mess -- the story goes on to say that the brand has been in tatters for awhile, quoting an industry insider as saying the company's licensees "mostly sell cheap stuff in Asia." Them's fightin' words in the fashion world.