It seems Kira Plastinina -- the 16-year-old Russian heiress who closed her pink-heavy, pre-teen friendly US boutiques last December after declaring bankruptcy -- isn’t ready to quit the fashion game quite yet. “Plastinina is going back to basics by planning to attend fashion school,” says Fashion Week Daily. The designer, whose namesake stores in Eastern Europe are still faring just fine, says, "I really want to make my experience complete by getting a professional designer's education. I want to continue to grow and evolve and inspire the girls that go to my store with stronger and more mature collections." So, which schools in particular is she considering? Central Saint Martins in London, and Parsons in our very own New York.

Less than a year after opening a dozen boutiques around the United States, 16-year-old Russian heiress and fashion mogul Kira Plastinina may be forced to close every last one. “Difficulties were pegged to the declining fortunes of Plastinina’s father, Sergei Plastinin, a tycoon in the dairy and fruit business,” says WWD. But, the chain’s relative anonymity in the States, as well as the added impact of the recession, have likewise played a role in the brand’s lack of American success.