A few weeks back WWD and DNR held a retail and apparel CEO summit in which some of the fashion industry's most powerful players gave speeches about the current economic crisis and possibilities for improvement. Alber Elbaz opened the floor up with a speech that touched on the emotional element of fashion and he wasn't afraid to be critical. Elbaz, in his speech, spoke about the closed, cold fashion industry and the need for emotion and collaboration in the modern fashion world. He said,
"I believe it's all about collaboration. It's all about dialogue. And this is what this industry is looking for. I am in many business meeting, and by the color of the ties, I know if the people have good news or bad news. Light blue and light green are always amazing news. If it's red, be careful. If they come with a black tie, you're out. These are exactly those kinds of formulas that I think it's time to change. Every time I meet today with business people, I see them looking down. I am always afraid that they are sad or maybe stressed with everything that is happening with the economy. I realize that it's not that. I realize that there is a BlackBerry and instead of looking straight they are looking down. And I am telling all you ceo's: Look into my eyes. Let's work together."