The long-expected bad news for Lacroix came on Friday, when employees were told that proposed cuts could effectively reduce the label to a licensing operation. The good news is that it’s still not too late for a rich fairy godmother to swoop in and save the day. So, fairy godmother, whenever you’re ready… [WWD]
The power [...]

Brazil tops the list of 2009’s emerging markets (no surprise there), but the number two slot goes to dark horse Romania. Who knew? [WWD]
 
If you’re looking for a seat at Monkey Bar, avoid “excessive socializing” while at the restaurant. According to Graydon Carter, this could lead to a 10 p.m. time slot (embarrassing!) or, worse [...]

What with throwing last month’s BCBG-sponsored Art Party and hosting last week’s intimate Lou Reed concert, the Whitney has been feeling awfully chic of late. Cue Donatella Versace, who stilettoed into the museum this afternoon to make that three for the trend. The occasion was the launch of Art Unites, an initiative from Versace and [...]