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Fashion In 50 Seconds 07/16/09 Ossie Clark Goes Under, New Balenciaga Perfume

British label Ossie Clark closes up shop due to business troubles.

2009 CFDA/Vogue Fashion Fund nominees announced.

Charlotte Gainsbourg and Nicolas Ghesquière team up to create new Balenciaga perfume.

Forever 21 to expand into home and beauty categories.

Voluptuous model Lara Stone worries about her weight.

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