All The Rage

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Is the fashion industry facing the ugly reality of a recession?

July 30, 2008 |  7:45 am

Looks like the fashion industry just woke up and smelled the nonfat, triple soy latte. The WGSN74396075 fashion press bulletin reports that Calvin Klein will show its men's fall/winter show in New York instead of Milan. (This is the first time in a decade.)

"I am very excited to show the Men's Collection in New York. I think this is a very exciting time for menswear here, as there are a lot of new and interesting young designers working in New York now," added Italo Zucchelli, creative director of the men's Calvin Klein Collection.

No doubt, Zucchelli is also very excited that he won't have to listen to his bosses bemoan the weak-as-diner-coffee dollar and frown at every freaking euro spent. Not to mention the cost of a full-blown fashion party in Milan because Calvin Klein -- the company, not the man -- turns 40 next year too. You may recall that Valentino celebrated its 45th with a weekend of Champagne-soaked bashes in Rome and a dinner for 900 at the Temple of Venus in front of the Colosseum. Gucci recently toasted 70 with lavish parties and suppers in Rome too. Yes, I know that both companies are Italian and would host soirees in their hometown, but Calvin Klein would have to throw some sort of bash in Italy after its show. And that is not a Prosecco crowd, people.

Right now, Betsey Johnson is celebrating her 30th with parties at malls across the country (parties that she is not attending). At this point, there's no word on the plans for the big 4-0 for Calvin Klein. Hopefully, there will be cupcakes.

Photo: Getty Images