Stars dazzle at Met Gala, The demise of full-price, Designers and execs look beyond the recession, Fashion goes West

Jessica Biel at the Costume Institute Gala, courtesy of The New York Times

A Museum Gala Where High Cheekbones and Higher Hemlines Rule (NYT) “It was noticeable change of social scenery, on Monday night, to see a fashion model (not, say, a routine celebrity) as the center of attention at the annual Costume Institute gala, generally considered the most glamorous, anticipated and expensive (with dinner seats starting at $7,500) event of the year.” Buyer’s Market:Will seasoned shoppers ever pay

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CEO Talk | Susan Lyne, Chief Executive Officer, Gilt Groupe

Susan Lyne | Source: Levo League

NEW YORK, United States - Even before Susan Lyne left her high-profile CEO post at Martha Stewart Living Omnimedia (MSLO) earlier this year, the media world speculated wildly about where she might go next. Would she take a senior role at media giant Time Inc? Or would she end up in Hollywood, where she could bring to bear some of her experience from ABC, the American television network,whose fortunes she was credited with reviving

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Links: Gilt Groupe, Supreme Luxury and ASW

Red Herring: Gilt Groupe Scores VC FundingThe market is beginning to acknowledge the potential of online communities in selling fashion. The Red Herring is reporting that Gilt Groupe, which was featured in a Q&A on The Business of Fashion last week, has raised $5m of venture funding from Matrix Partners. Even the New York Times ran a short article. IHT: Supreme Luxur y 2008All week we have been posting Suzy Menkes' videos from the IHT's Supreme Luxury Conference in Moscow. Don't miss the written content - it's just as interesting, especially this article on India that somehow appears within a sea of articles on Russia. The Wall Street Journal: MySpace for MillionairesAsmallworld is no longer alone. A raft of new…

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