The fashionable haunt in Glasgow's Princes Square shut down on Monday, with sources indicating it was expected to re-open under a new name with new owners.
The man at the centre of the new rebranding is leisure trade veteran Stuart Mckenzie, who bought the Beanscene and Fifi and Ally cafe businesses in April.
The closure came four year after its Wellington Street eaterie shut as the company fell on hard times.
Fifi and Ally was set up in 2005 by cousins Alison Fielding and Fiona Hamilton. Ms Hamilton, who also owned the Beanscene coffee bar chain, expected the first outlet in Glasgow would provide a model for other UK stores but the venture did not expand beyond the city.
The Wellington Street branch, situated in Glasgow's business district. combined a fashion store with space to eat and drink.
No-one was available from Fifi and Ally or Beanscene last night for comment and would-be customers found the Princes Square outlet's booking line uncontactable.
Companies House data states that Fifi and Ally, which is set up as a private limited company, is "non-trading".
Fifi and Ally's owners bought 16 branches of coffee shop chain Beanscene after it went into administration.
Plans then emerged to convert some of the smaller branches of the coffee chain into "baby Fifi and Allys", although this direction never gathered pace.
It later emerged Fifi and Ally was being pursued through the courts for almost £20,000 in unpaid rent at Princes Square. A spokeswoman said they had been in a dispute with their landlord and had been renegotiating the lease.