Absynthe 09 ad campaign, courtesy of Christian Lacroix

Christian Lacroix Files for Bankruptcy Protection (New York Times)
“The French couturier whose artistic and exuberant pouf dresses propelled him to fame in the 1980s has become the latest victim of the global financial crisis.”

Red or Dead founders offer free retail space to start-ups (Drapers)
“Red or Dead founders Wayne and Geraldine Hemingway will offer free retail space to new businesses for two months via a pop-up shop outside London’s City Hall.”

Retail sales fall in May (Drapers)
“Retail sales fell in early May after a brief boost in April, according to the Confederation of British Industry (CBI).”

American Eagle Net Falls 50 percent, Gives Cautious 2Q View (WSJ)
“American Eagle Outfitters Inc.’s fiscal first-quarter profit plunged 50 percent as it racked up a sharp decline in same-store sales and a falling margin.”

Fashion ateliers: dream weavers (Telegraph)
“Designers may take the plaudits, but their couture wouldn’t be haute without the skills of seamstresses, embroiderers and feather virtuosi. Georgia Dehn meets the unsung heroes of the ateliers.”