
Dramatic blood-red gowns on the catwalk, billowing fur coats in the audience: at the haute couture shows in Paris on Monday the super-rich defied the economic crisis in extravagant style.
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Dramatic blood-red gowns on the catwalk, billowing fur coats in the audience: at the haute couture shows in Paris on Monday the super-rich defied the economic crisis in extravagant style.
The haute couture shows for spring-summer 2009, which begin on Monday, have slimmed down in response to the global financial crisis, spread over three days instead of four and with fewer catwalk presentations.
Chanel expects to see continued growth in 2009 but at a slower pace due to the economic meltdown, the head of the company's fashion division Bruno Pavlosky told AFP on Friday.
She may be the world's top fashion guru, but Vogue magazine's US editor Anna Wintour still managed to make last year's biggest fashion blunder, Time magazine says.
French women's clothing company Morgan has gone into administration, a company spokesman said on Tuesday, as the global financial crisis continues to hit the luxury goods and retail sectors.
On a recent evening at Mumbai's luxury Taj Mahal Hotel, shoppers tried on sequined sandals and handmade moccasins at Joy Shoes, an Indian family business that has sold out of its only shop for nearly 70 years.
Chanel fashion's decision to call off a prestigious but costly global art show is the latest sign that even the shine of the luxury industry is beginning to wear thin due to the crisis.
Chanel is calling a halt to a mobile art exhibition featuring its iconic quilted handbag and chain in order to refocus on more strategic investments in these troubled times, the company said Friday.
Coco Chanel, creator of the little black dress and byword for Parisian chic, joins a growing roster of French cultural figures to be celebrated onscreen with two films of her life due out next year.
Consumers made repeat trips to U.S. stores and spent more on bargains this holiday weekend, but the early rush is unlikely to save retailers from a bleak sales season, analysts said on Sunday.