Amid all the hullabaloo about the economy, it’s easy to criticize the fashion industry and say that the financial woes of companies like Gucci and Versace are just deserts for encouraging frivolity.  It’s easy to say simply that this is no longer a world for luxury, and too bad if luxury fashion doesn’t sell anymore. [...]

For years, New York City has been lauded (by mostly New Yorkers, but still) as the fashion capital of the world, but now NYC designers are casting a westward eye toward the more casual City of Angels. Henri Bendel, for example, has a couple new locations in Beverly Hills — and although NY designers are [...]

The circle of life runs round again, and while on one hand we’re excited by all of fashion’s new kids on the block, we’re also sad to see the probable end of the fashion greats like the house of Christian Lacroix. Lacroix is another designer who has had to declare insolvency in response to the [...]

The dour financial climate is still kicking butt and taking names: quirky British label Luella is the latest to lose the economic battle, with founder Luella Bartley officially announcing the permanent shuttering of her eponymous label’s doors. Lauded by by Queen Anna herself as “a poster child for London cool,” Bartley was forced to close [...]

International luxury brand Escada is still in hot water after filing for insolvency this August, but ZSL Partners, a consortium backed by the company founder’s son, Sven Ley, has stepped forward to bid on the fashion house in an attempt to save it from going under. ZSL Partners is comprised of Ley, former head of [...]

In response to the still-lagging world economy and the drop in the luxury goods market, Versace has announced its plans to guillotine a quarter of its international work force in order to cut costs and pave the way for company restructuring. Although companies backed by luxury mega-giant LVMH are doing relatively well thanks to the [...]