Italian Luxury Brands See Potential in Brazil (WWD)
With its growing GDP and rising number of affluent people, Brazil is an attractive market for luxury brands.

Bill Blass’s New Owner Plans to Revive Couture Line (WSJ)
Peacock International Holdings LLC, the new owner of Bill Blass plans to revive the line “within nine to 12 monthw.”

Parent Company, a Retailer, Files for Bankruptcy (NY Times)
“A rash of retailing bankruptcies is expected in the new year, but as the clock winds down on one of the weakest holiday shopping seasons in decades, the fallout has already begun.”

French fashion designer Ted Lapidus dies at 79 (AP)
Ted Lapidus, the legendary French designer who favored chic, unisex looks, died at a hospital in Cannes.