Zac Posen Backstage | Source: NY Times

The Trials of a Former Boy Wonder (NY Times)
“There was a time when brashness was a refreshing change in New York fashion, which had been dominated by a handful of aging mega-brands until Mr. Posen planted his flag in the biggest, most expensive tent in Bryant Park. But his extravagant success came so quickly…  that his setbacks echo all the more loudly.”

Polo Ralph Lauren profit rises as it warns of Asia hit (Market Watch)
“Polo Ralph Lauren Corp. reported a better-than-expected 5.5% increase in its fiscal third quarter profit… still investors looked beyond that to focus on what the company’s investment in Asia would mean for its fourth-quarter profit.”

Prosecutors Ask Insolvency For Burani Holder (WSJ)
“Troubled Italian apparel maker Mariella Burani Fashion Group SpA faced a new challenge Monday as prosecutors in Milan asked for insolvency proceedings to begin for one of its key shareholders.”

W Hotels to Name a Fashion Director (WSJ)
“Putting a new spin on the term “designer hotel,” boutique chain W Hotels is hiring a fashion director to amp up its style credentials and its profile within the fashion industry.”

TV’s baddest boss is back (CNN)
“Despite its moniker, reality television has rarely been intended to give you the real story. It deals in characters (sometimes caricatures) and is usually edited to prove a point. In the case of Kelly Cutrone, however, what you see is what you get.”