Wednesday, December 17, 2008

SAD TIMES....

Miu Miu Closes Madison Avenue Store
Upper East Side outpost shut doors days before opening of 57th Street flagship

Miu Miu opened its third location in New York last week, toasting its new flagship in the former Jil Sander space on 57th Street between Fifth and Madison Avenues with a cocktail party attended by Ciara and Clare Danes, among others. While tourists are sure to flock to the midtown location, uptown aficionados must now travel several blocks south for Miuccia Prada's wares. Miu Miu appears to have very quietly closed its uptown boutique, formerly located at 831 Madison Avenue between 69th and 70th Streets.
The store is devoid of merchandise or brand signage, and its location has been removed from the store list on Miumiu.com.

Betsey Bows Out
BETSEY JOHNSON's ever-flamboyant catwalk showcase has become the latest credit crunch casualty; the native New Yorker has confirmed that she will not be showing at New York Fashion Week in February - at her usual Bryant Park venue, at least.
She still plans to present her collection during the event but has not yet decided on the format or location, her spokeswoman said yesterday.
Johnson is one of an increasing number of big-name designers who are opting out of the official show schedule as the global financial crisis begins to have an impact on their balance sheets. Carmen Marc Volvo has also confirmed that he will not show at the Bryant Park locale, where staging a show costs at least $100,000, while
Cacharel has pulled out of Paris Fashion Week and Marni and Valentino
are changing the format of showing their menswear collections.
Having announced last week that she, too, would be absent from the official NY show calendar next time around,
Vera Wang
has unveiled plans to show her autumn/winter 2009-10 collection at her Mercer Street store, on February 19.
"It seems relevant today. I don't want to seem irrelevant or unaware of what's going on in the rest of the world - not just the fashion world," the designer says of the decision. "The intimacy of a smaller show feels much more appropriate for these times. I say that as a business owner, as a designer and as a person."