Sass & Bide is the latest brand to be savaged by Solomon Lew's Premier Investments.
In another attack on parent company Myer, Premier Investments has taken aim at the designer brand.
It follows Myer's $476 million loss for the first half of the year.
"Sass & Bide is still sitting on the balance sheet when it should have been written off entirely – perhaps to make the total write-off smaller, or perhaps to not further embarrass Myer director Julie Ann Morrison?," the statement reads.
"Ms Morrison was appointed to the Myer Board in November 2017 and has overseen the demise of Sass & Bide over the last two years as a director of the Sass & Bide Board."
The Premier statement included an 11-point attack on Myer; ranging from "fudge results" around one-off costs, allegations of falling eCommerce sales, staff cuts and future losses.