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Mango To Open Store in Iraq, Derek Lam to Open Store on Crosby Street

Fashion In 50 Seconds 7/9

The West will bring freedom and Democracy to Iraq by uh opening up crappy fast fashion chains? Spanish chain Mango has plans to open a store Abril a city of one million people in Iraq's northern Kurdistan region. "We're going to open a shop in Iraq very soon," said Isak Halfon, Mango's president of expansion. "The people are starving for something like this." Huh, perhaps not the best choice of words. The clothing will be designed by Zuhair Murad, a Lebanese designer and thankfully will not include the typical array of skimpy goods, leading us to think this might actually be a pretty good store. This may answer the question what to wear on holiday to Dubai though if you spent all of your money on luxury accommodations naturally. Derek Lam has sold a stake of his company to Labelux. The most exciting news involved with the new financing? A freestanding Derek Lam store is planned on Crosby street. "Market conditions" are keeping Roberto Cavalli from putting his namesake company for sale. Low season for leopard print it would seem. Anti-Pope fashion? Huh? There are apparently compulsive folders that simply must redo anyone's poor clothing folding. This explains a few of our ex-boyfriends. Luxury consumers are becoming more pragmatic in the recession. Of course, in this piece they say anyone making over 100K a year is a luxury consumer. Yeah the middle class in New York is cutting back for sure! On the other end of th economic spectrum, Wal-Mart just doesn't know when its been beat by fashion.
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