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Fashion In 50 Seconds 12/12/08 Wakeley Made Redundant, Milan Cuts Back, Karl Lagerfeld Gets Crafty, Pre-Fall Pushes On

London designer Amanda Wakeley has been bought out of her own company and asked to resign immediately. Her Spring 09 collection, which she has already designed, will be presented during London Fashion Week as scheduled. To see Wakeley's Spring 09 collection, click here

The Milan menswear shows for the Fall 09 season have been condensed to four days, after Fendi--among others--announced that theirs will be a private presentation. 

Karl Lagerfeld has designed a bowl cast from Claudia Schiffer's breast which sits atop three porcelain bottles of Dom Perignon champagne. Is it just us or does he get more vulgar as the economy gets worse? 

WWD has all of the Pre-Fall 2009 recaps--let the Fall 09 trend forecasts begin...

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