Greece's largest low-price fashion retailer Sprider said on Thursday its 2008 net profit dropped 45 percent to €13.4 million as one-off gains booked in 2007 were not repeated last year. Sprider booked a pretax profit of 15.
Fashion house Yves Saint Laurent will not be cutting prices or corners in the face the economic crisis, its head said after unveiling a conservative collection of black leather dresses and high-waistline flannel grey skirts.
Models in black fetish dresses showered banknotes over the catwalk at Jean-Paul Gaultier, while Christian Lacroix opted for baroque gold dresses and big fur collars as Paris fashion dared to be decadent.
In these cash-strapped times, Belgian designer Dries Van Noten wisely built his collection Sunday for Paris fashion week around a wardrobe staple: the classic winter coat.Women may think twice in a recession about frittering on fripperies.
From the backdrop a line of black calligraphy on a white ground traced the length of the catwalk, setting a mood of zen-like tranquillity at Hiroko Koshino's ready-to-wear show for next autumn-winter on Thursday.
Dresses with mock birds in cages or fried egg shape cut-outs. Spanish designer Agatha Ruiz De La Prada showed Milan the kind of imagination she believes is needed in a woman's wardrobe at times of economic crisis.