{iStyle} Crying Wolf Recession Style

Versace Dubai

July 14 brought two announcements out of the fashion and real estate world: Versace is opening a new flagship boutique as well as a new pristine jewelry boutique in Dubai.

What I don’t quite understand, is that many luxury brands, including Versace are playing the recession game – and some like Christian Lacroix, genuinely, were in the pits:

Versace, Aquascutum, and Luella are all shook up.

Can you smell the fish?

 

Copyright © 2009 Sasha H. Muradali. All Rights Reserved.