Fashion gloom, Lakshmi Menon, Online sales drop, Saks’ new investor, Ferragamo reports loss
The Meatpacking district in the 1970's, courtesy of the Bowery BoysFashion in Dark Times (The Atlantic) “During the fashion boom that began in the 1980s, the relationship between fashion and its customers was the same as the one between art and its rich, often unlovely patrons: all that money sloshing around led to excessive consumption, but it also created a fertile soil in which works of beauty and integrity could develop.” This year’s model: How Lakshmi Menon put India in
