CFDA upside, Ted Baker profits, Newgen winners announced, Crombie to save Aquascutum, Garment district dissolves

CFDA Swarovski Award winners, Time Hamilton, Justin Giunta and Alexander Wang

CFDA Swarovski Award winners, Tim Hamilton, Justin Giunta, Alexander Wang

Do CFDA Winners’ Businesses Grow? (Forbes)
“The backing of the Council of Fashion Designers of America confers recognition–but not always sales–to fledging designers.”

Ted Baker Sales Rise; Profit to Shift to Second Half (Bloomberg)
“Ted Baker Plc, the clothing company that dressed actor Daniel Craig as James Bond for ‘Casino Royale,’ said group sales gained 7.6 percent in the 19 weeks from Feb. 1 to June 12 as it sold more women’s clothing at its retail stores and concession counters.”

The next generation of catwalk kings and queens (Independent)
“The British Fashion Council announced yesterday which young designers would receive Newgen sponsorship to help them show and exhibit at London Fashion Week in September.”

Aquascutum thrown a lifeline (FT)
“Aquascutum, the luxury British label whose future is in doubt, has been thrown a lifeline by the millionaire owner of Crombie, that could see the overcoat maker acquire the UK arm of the 158-year-old brand.”

In the Garment District: Saving Hands Behind the Brands (WWD)
“As Manhattan struggles to keep its glitz in the downtrodden economy, Garment Center tenants are distressed about the commercial development that stands to oust them from the neighborhood and dismantle businesses that took decades to build.”