Archives for June 12, 2009

{iStyle} The End As We Know It, Shrinking Luxury

Victoria Beckham for Marc Jacobs by Marc Jacobs.

By: Jenn Ortiz, guest blogger

  • Christian Lacroix is bankrupt.
  • Oilily filed for Chapter 11.
  • Cavalli is selling.
  • Neiman Marcus and Bergdof sharing executives, and Saks also had a shake-up, an effort to freshen up it’s board and hold members accountable, in hopes of helping the struggling retailer out of it’s slump.
  • Burberry reported an entire year of losses.
  • E-luxury is no longer a retailer.
  • Versace, Aquascutum, and Luella are all shook up.
  • Vogue is claiming save fashion.
  • Fashion houses are burning!

“Luxury is dead [Read more…]