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Fashion News 2008-05-20 06:08:44

Fashion In 50 Seconds 5/20/08

Francisco Costa showed his resort collection for Calvin Klein yesterday at a small New York presentation. The collection was inspired by images of reptiles and scales which manifested in sleek, muted coats and frocks using materials like python and pleated silks.

Nexcan, the investment firm who owns Bill Blass, seems to be in deep water. As a result of Nexcon's overall financial problems, the fashion house, acquired in 2006, is suffering. Vendors are not being paid on time and that, combined with an overall lack of support to the brand, is preventing Bill Blass from ever regaining what it once had when the its namesake ran the show.

Ronald Winston will be retiring from Harry Winston, leaving the diamond house without a family namesake. Ronald, the son of Harry Winston (the man who, among other things, owned the Hope Diamond for a decade), plans to retire in Scarsdale, New York and continue his work on AIDS research for the company he founded over 30 years ago.

Kate Moss's sixth collection for Topshop is now available at the London (soon-to-be New York) retailer. Per usual, the Oxford Circus location expects lines of young women and relative consumer chaos in the store's three-floor flagship. When her collection for Topshop first launched, there were a slew of purchasing rules, a large staff of security, snack packs and bottled water to accommodate the crowds.

Retailers in the Hamptons have started accepting the Euro. European tourists are said to be frequenting the Hamptons, taking advantage of the weak dollar, while New York vacationers could be cutting back their weekend trips with increasing gas prices. Business owners in the Hamptons see their acceptance of the foreign currency as an encouragement necessary in surviving the recession.

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