London Fashion Defies Economy
In an economy-defying act,長財布, major sponsorships and store openings are happening here in the UK. It has been reported that Sebastian will be sponsoring Henry Holland's show this season, and none other than Barbie (well, Mattel) will be sponsoring Roksanda Ilinic and Danielle Scutt's shows. Now comes the news of a new 3,000 square foot Michael Kors store to open in London's Time & Life building on New Bond Street.
While we can argue until we are blue in the face about the frivolity of fashion as compared to people losing their homes (of course, there is no comparison),レディース, what is important to keep in mind is that fashion is a multi-billion dollar business. A business that contributes to the growth of economies worldwide, and when fashion companies do poorly, like any other business,プラダ, people's livelihoods then become at-risk.
So as the US is teeming with hope with the inauguration of President-Elect Obama today, we on the fashion front here in London have seen a little glimmer of hope shine as well.
—Rebecca Suhrawardi Austin
Bond Street rendering
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