You Know It's Bad In Sea Island When They Can't Pay The Polo Bill

That's like the water bill to those beautiful people!

Yes, the heartbreaking news has arrived that Polo Ralph Lifshitz Lauren isn't getting paid by Sea Island. If ever a place personified The Brand, it's Sea Island.

Not anymore!

From Rachel Feintzig of the WSJ's Bankruptcy Beat blog.

“No part of the purchase price of the goods has been paid to the seller,” Kenneth I. Cruz, the Polo Ralph Lauren Senior Director of Credit, wrote in the letter. “The seller has learned that the debtor received the goods on credit while the debtor was insolvent,” he added, noting that the goods arrived within 45 days of the resort’s Aug. 10 bankruptcy filing.

Reached by phone on Tuesday, Cruz declined to elaborate on the letter, only noting that the merchandise was “golf products.” He referred questions to his company’s attorney, who didn’t return a call seeking comment Tuesday.