Restructuring plan rejected by bondholders Thursday, August 13, 2009(NEW YORK) Troubled fashion house Escada may be in its last days of existence. After months of searching for a financial solution, the company has filed for bankruptcy this morning, Bloomberg reports. A month ago, Escada chairman Bruno Saelzer said that the company only had enough liquidity to last through August, though a state-aided bailout plan was proposed. Escada asked investors to forego over half of their investments in a bond swap to exchange €200 million in seven-year bonds by the end of July, to earn support from its banks. At least 80% of bond holders had to agree to plan for it to be passed, and reportedly only received such backing from about half its investors. The thirty-three-year-old company, as of this afternoon, had a market value of only 20.7 million euros, having lost 72% of its share value in the last three days. It appears inevitable that the company will cease trading. *credits EMILY GYBEN
Wednesday marks the date of the premiere of, quite possibly, the most talked (and blogged!) about fashion documentary ever, R.J. Cutler's The September Issue. Anna will most certainly be in attendance at the Maybelline-sponsored showing, along with, hopefully, tout les Voguettes--Candy Pratts Price, Virginia Smith, André Leon Talley, and (fingers crossed) Grace Coddington. No word on whether or not Sienna Miller, the covergirl of the September issue of the film, or Charlize Theron, 2009's September beauty, will be making appearances...but if they do, we can only imagine the blonde showdown that will perfectly cap off the week's glam screenings showdown
Let's assume you're not a model, an A-list celebrity or Tim Gunn, but you'd still like to get into Mercedes-Benz Fashion Week. Technically, the entire run of catwalk shows under the tents at Bryant Park is closed to the public. But that's not entirely true. The NewYorkology travel blog has found more than one way to buy your way into the tents. One way in is with the W Hotels Catwalk package, which gets a pair of VIP passes into one runway show, plus a suite at W Hotel on Union Square or on Lexington. Passes are still available to shows including Miss Sixty and Tracy Reese. The hotel package is priced at $799. Another way in is through the American Express entertainment packages, available only to American Express cardholders. Remaining tickets for those packages are $250 each. Elsewhere, American Express is offering its platinum cardholders a private Diane von Furstenberg Fashion Show, with tickets priced at $150 each.
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No one knows where to find these, but everyone wants a pair. We’re talking about the Louis Vuitton VIP Chopsticks Set that go for a cool $450–and make your eel sushi taste that much more chic. Each set comes in a Monogram Plexi-glass and includes four sticks. To our knowledge, these are not sold in stores just yet…though Russian billionaires always have a way of getting their hands on indulgences such as these.
Seismic Sample Sales
For those fluent in Hermes scarf talk, the following styles are just a few included in the discount: House of Characters, Mosaic, Lights of Paris, Walk in the Park, Golf Balls, Moroccan Saddle and Mogul.
Standard size Hermes scarves are normally priced at $375 but come out to $227 with the discount. Almost seems like a reasonable price, huh?
Contact: Hermes Scarves Sara 212-753-7300
Mercedes-Benz Fashion Week to showcase Derek Lam, Isaac Mizrahi, Tory Burch, Doo.Ri and more at Bryant Park
(NEW YORK) Mercedes-Benz Fashion Week is nearly two months away, but the show schedule is already looking quite packed. Derek Lam has just confirmed that he will be showing in The Tents at Bryant Park on September 13 at 11 a.m.. This marks the designer's first show at Mercedes-Benz Fashion Week. He is only one of several A-list designers to return to the venue this season. Narciso Rodriguez, Willow, Jen Kao, Tuleh, and Vivienne Tam, who have shown at various gallery spaces over the last several seasons, are also rumored to be returning to Mercedes-Benz Fashion Week. Other Tents newcomers allegedly include Doo.Ri and Isaac Mizrahi. Tory Burch, who has traditionally presented her collection at her West Side showroom, has opted to show her first full-fledged runway show at Bryant Park. These designers will join Mercedes-Benz Fashion Week flagship brands such as Carolina Herrera, Diane von Furstenberg, BCBG, Michael Kors, Badgley Mischka. Tommy Hilfiger is expected to close the week with a Thursday night show celebrating his 25th anniversary as well as the opening of his new global flagship store at 681 Fifth Avenue.
"We couldn't be more excited to welcome Isaac, Derek, Tory, Doo-Ri, and so many others to the Tents this season," said Fern Mallis, senior vice president of IMG Fashion. "In these times, designers are realizing that showing at Bryant Park is the way to go when they need to make the best possible impression." Many designers are still finalizing plans, and IMG Fashion expects to announce more additions to Mercedes-Benz Fashion Week throughout July and August. "The economy is tough," Mallis conceded, "But come September, Bryant Park is going to rock."
ASHLEY BAKER
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Inspired by Prada's fall 2009 runway show, Troy Jensen created a ghostly goth look for his muse, Kim Kardashian - using products from Bobbi Brown and MAC.
"This was a fun look to create on Kim, and I am going to re-create this look for an upcoming fashion magazine shoot", he says. "And who knows, this haunting look just might get her a role on my favorite show, True Blood."
For more of Kim Kardashian's beauty and makeup tips, click here.
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One shot to get shopper back to the racks? That's the idea behind Fashions Night Out. On September 10th from 6pm to 11pm., retailers across the city will host in store events -from live music to special appearances- to lure consumers who have been hesitant to spend in this economic climate.
We want Fashion's Night Out to get people back to having fun when they shop. Shopping shouldn't be depressing ." says Steven Kilb, executive director of the Council of fashion Designers of America. The CFDA is heading up the effort, along with NYC & Company, the City of New York and Vogue magazine. And though 300 local retailers like Bloomingdale's, William Rast and Jimmy Choo are already participating, Kolb hopes to recruit even more businesses throughout the five boroughs before Aug. 1 deadline.
"The night is about forgetting the competitive part of the industry and coming together as a community to show people what we have to offer, whether its a big chain or a small boutique," Kolb adds.
First look images of the H&M Fall 2009 ad campaign featuring Sasha Pivovarova shot by Terry Richardson, and also another campaign pic of Eniko Mihalik.This dress is currently in H&M stores, or at least the same style but in a different material. So excited for Fall!
The lookbook from Topshop’s fall 2009 collection are slowly leaking out to the blogsphere. The collections include Horror Girls, Marianne, Manhattan Girl and Highland Fling. Each unique to their own, has a different theme, texture, color and style. My favorite being Marianne and Manhattan Girl.
Mahattan Girl uses exaggerated shapes and show-stopping colours, fabrics and textures such as leopard print t-shirts adorned with gold studs and gem stones. The blend is such that these flashy outfits could be worn during the day. 
Marianne collection is a fusion of vintage glamour and grunge, inspired from 70s groupies and dress-up box feel. It contains luxurious fabrics made to look antique such as tarnished sequins and matted faux fur. It has extravagant material mostly dark but with occasional bright splashes.
Highland Fling combines classic tartans in oversized black watch check but with a modern twist. The full Scotland themed collection includes Fair Isle patterned luxurious knitwear, quilted nature coloured casual coats and brushed cotton check shirts
