Model comeback, American Apparel stock plunges, PPR profit leaps, Bulgari’s modest gain, Buranis arrested

Zimmerman and Jovanovic for Gucci A/W 2010 | Source: Fashion and Runway

Why fashion has fallen out of love with its A-list clotheshorses (Independent)
“This time around, the women chosen… are united by their anonymity outside of [fashion]… prompting many insiders to wonder: is fashion’s long-running love affair with celebrity finally over?”

American Apparel Shares Plunge as Auditor Steps Aside (WSJ)
American Apparel shares plunged as much as 25% Thursday after the retailer said accounting firm Deloitte & Touche resigned as its auditor, the latest blow for the cash-strapped company.”

PPR First-Half Profit Rises 87 percent (Bloomberg)
“PPR, the owner of Gucci and the Fnac retail chain, said first-half profit surged 87 percent, led by renewed demand for clothing and accessories.”

Italy’s Bulgari posts modest 2Q profit (Bloomberg)
“The Italian jeweler Bulgari returned to a modest profit in the second quarter as sales of jewelery in all categories except watches picked up.”

Burani Arrests (Vogue.com)
“Walter Burani and his son Giovanni… have been arrested for alleged fraudulent bankruptcy. Giovanni, the company’s former ceo has been sent to Milan’s San Vittore prison while Walter has been granted house arrest.”