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Due to the economic climate as well as internal melees, the house of Bill Blass is history.
Nearly a decade after Bill Blass retired from Seventh Avenue, the company that bears his name is closing, with many of its remaining staff expected to leave this week. According to current and former designers who have carried on [...]
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This economic crunch is weighing on everyone rich and poor, even the royals! A few months ago we told you about her Majesty having to recycle old fabric for her dresses and now Queen Elizabeth has ordered even more cutbacks.
According to British news outlets, she told staffers to turn off the lights in [...]
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This is becoming pandemic now.
Alessandro Dell’Acqua’s boutique at 818 Madison Avenue has shut it’s doors for good. And now the remainder of the store is being liquidated whatever they can get. They’re even selling the employee microwave and a stainless steel garbage from the bathroom. Hey, times are tough.
Get a glimpse of what’s [...]
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The luxury business has come to a virtual stop….That fundamental change in the psychology of consumers, where it is no longer chic to be spending as much as they were spending, is very detrimental to the luxury market.
–Peter Boneparth, former CEO of Jones Apparel Group and current director of Kohl’s
via DNR
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Just what we were thinking!
Lesson here: even when the economy deserts you, slogan tee shirts never will.
Get it for $15 bucks here.
via Uncrate
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Andrew Lahde was the boss of a successful hedge fund until he took his money and told his peers, “Screw you guys! I’m (taking my money and) Goin’ Home!”
After hitting it big by foreseeing housing collapse and betting against subprime mortgages, Lahde became the working man’s hero by quitting the business and writing an open [...]
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The Queen does indeed have clothes. So many in fact that she can wear clothing given to her two decades ago.
Sticking with the British tradition of not ostentatiously flaunting one’s wealth, the Queen will not be buying a new gown for a state banquet she’s attending in Slovenia. Instead the monarch will don an evening [...]
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Who cares that the economy is in the tank and ordinary people are struggling just to afford the basics?
Not Neiman Marcus, that’s who.
The Dallas, Texas-based upscale retailer has just released their 2008 Christmas Book (because Hanukkah and Kwanzaa don’t exist in the Neiman Marcus world).
Though it’s only early October the luxury retailer obviously need all [...]
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The current economic situation is causing for some strange bedfellows.
Estee Lauder, the luxury beauty firm is collaborating with Walmart, the anti-luxe chain to launch a new series of scents.
WWD reports:
“The firm’s Aramis and Designer Fragrances division will take its first direct step into the women’s mass market fragrance category with a trio of scents under [...]
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