Ittierre’s bankruptcy, January discounts, Phoebe Philo at Céline, American Eagle sues Citibank, Twitter trends

Image courtesy of Christopher Moore

Gianfranco Ferre S/S 2009, courtesy of Christopher Moore

IT Holding’s Ittierre Unit to File for Bankruptcy (Bloomberg)
Ittierre, the parent company of Malo and Ferré files for Bankruptcy

Discounting drives January sales (Drapers)
In the UK, deep discounts drove January sales but clothing sales dropped to its lowest rate.

Phoebe Philo is redefining soul of Céline (IHT)
With Phoebe Philo at the helm, “the focus is to redefine the soul of Céline, which started out as a children’s shoe supplier.”

American Eagle Sues Citi Over ARS (WSJ)
“American Eagle Outfitters Inc. sued Citigroup Global Markets Inc. and accused it of fraudulently inducing it to buy $258 million worth of auction rate securities.”

Twitter Speeds Up Fashion Trends (Consuming PR)
“Now, with the use of twitter, fashionistas everywhere can consume fashion 24/7.”