WDT boss to lead fast-fashion overhaul (Drapers)
"Asbed Momdjian, founder of World Design & Trade, the company behind young fashion brands Firetrap, Fullcircle and Sonneti, has outlined plans to turn the group into a specialist fast-fashion branded supply house and slammed the traditional two-collection, multi-brand retailer route to market as 'dead'."
Hartmarx sold; price not disclosed (Chicago Tribune)
"Emerisque Brands UK and its partner SKNL North America said late Friday that they completed the purchase of assets of Chicago-based suitmaker Hartmarx Corp."
A fleeting tweeting (FT)
According to Vanessa Friedman, Twitter "is an accessory for communication, and whether you choose to try on that look or not has as much to do with identity as facility. It's the It bag of the internet: a public declaration of allegiance to a group - albeit much less expensive, of course."