The fashion industry is entering a new growth cycle with a bigger focus on customers' price, quality and style expectations than in the mid-2000s, prompting brands to renew their design teams, executives said this week.
It's getting to be springtime in Paris, but for Karl Lagerfeld it was the moment to send a chill of autumn through the Grand Palais on Tuesday as he presented a tomboyish Chanel fall-winter collection.
Valentino's owners plan to build up the Italian fashion house before selling it and are not putting out feelers to potential buyers, its chief executive said, responding to speculation a deal could be afoot.
Italy's Valentino has pinned down the right balance for the fashion brand whose founder retired last year with its latest womenswear collection receiving "great response" from press and buyers, its CEO said.
The haute couture shows for spring-summer 2009, which begin on Monday, have slimmed down in response to the global financial crisis, spread over three days instead of four and with fewer catwalk presentations.