Here's the email I received:
Greekclothing.com LLC has gone bankrupt and was liquidated and is under new ownership. I’m sorry for the bad news but the company is undergoing new ownership and this process will take few months to have all the paperwork straightened out (we are still fulfilling recent orders). Our sincerest apologize. They were experiencing financial problems which obviously lead them to the bankruptcy. You will want to follow up with your credit card company and file a dispute for the charges. Sorry again for the bad news.
The new owners have taken on all orders from January 7th 2010, forward and shipping in 7-10 days.
Greekclothing.com
greekom@greekave.com