Image courtesy of tallahasseedemocrat.com
We sit here lamenting that Punxsutawney Phil, the weather predicting groundhog, saw his shadow, meaning six more weeks of winter. While it’s still a little too early and chilly to pack the winter coats, it’s a great time to invest in spring transitional pieces. In addition to a new trench coat to keep you warm, how about you sit down for some piping hot tea. Spring has sprung, and Fashion Month is going in full force with New York, London, and Milan Fashion Week already concluded and Paris is on the horizon. March is one of the biggest seasons in fashion, and with that being said, many big happenings are going on behind the scenes.
This former top fashion editor turned fashion executive has been unable to land a new job or pivot to a new career. After a scandal in Page Six, it looks like he is living off his investor husband’s money. How the mighty have fallen.
Luckily for him, he’s still a fixture in New York’s front rows, but social clout has yet to manifest in what he’ll do next. At least it pays to marry well.
This New York showroom, which claims to be doing well, owes its former landlord over $50,000 in back rent. While the showroom claims to have left the landlord to move on to greener pastures, it was because they were trying to skip out on their rent bill. This showroom will have to pay up, and it might involve court.
Image courtesy of teamly.com
A top New York Fashion Week designer had to cancel his show at the last minute due to sponsors pulling out. While he was poised to go ahead with one of the biggest headlining shows of the season, he was forced to resort to press appointments instead of a grand runway extravaganza. It’s a tough time for young designers trying to navigate a crashing economy and department stores who owe them money.
Speaking of department stores owing people money, this top department store is losing emerging designers left and right due to how long they take to pay vendors. With designers unable to deal with their payment terms, many have had to turn to direct-to-consumer and focus on getting in more independent stores and boutiques to at least try and make up for some of that revenue. It’s so tough right now; even the big dogs in fashion are trying to cut corners and pinch pennies.
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