Official: Peter Som Exits from Bill Blass (Fashionista)
Due to NexCen's inability to sell  Bill Blass, Peter Som leaves the 40 year old American brand.

Auction Watch: A Bellwether For The Luxury Industry? (The Luxe Chronicles)
Though the top three luxury goods companies have posted better than expected sales, its "anyone's guess what the ultimate damage will be to the [luxury] sector."

Having fun with Moschino: A designer takes a bow (IHT)
The International Herald Tribune profiles the irreverent Moschino brand and its creative director Rossella Jardini.

Rich Shoppers Prefer Their Luxury Online (WSJ)
Despite luxury retailers' belief in creating customer experience for rich shoppers, a new survey reveals that 95% of people with an income of over $1 million prefer to shop online.

Peter Som, photo courtesy of Daily News.