Downturn Designers

This economic rough patch has not been kind to clothing. It’s become the norm for retailers to offer 70 percent off. Fashion brands from Christian Lacroix to Hartmarx to Kira Plastinina have filed for bankruptcy. (Though it shouldn’t be much of a surprise that a line by a 16-year-old Russian heiress would last less than a year.) Haute couture houses are struggling to survive.

Yet in last week’s New York Times, designer Diane von Furstenberg, who also heads the Council of Fashion Designers of America, advised “confidence.” [Read more…]

--Posted by Sara Clemence, RecessionWire.com

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