Recession Continues Assault on Fashion Industry

The recession continues to snatch up fiscal victims and devour them like juicy (and reasonably priced) Chipotle burritos. Even here at BlackBook, we’re forced to find ways to salvage every penny, like bumming cigarettes from the amazing, unpaid interns instead of buying our own (interns or cigarettes). Every day, when news surfaces about the crappy economy, it’s just another slap in the face. But now thanks to Anthony Keegan, Richard Christiansen, Christopher Le Sauve, and their facetious “Fuck the Recession” tee, we can give the recession a bona fide bitch-slap right back. The Morgans Hotel Group continues their campaign along the same lines, though that muddles the question of who’s really screwing whom. But you know things have gone to shit when people go on sale.

Models are now “half-off” according to a Reuters report, via Fashionologie. With Fashion Week quickly approaching, established catwalk queens have to worry about their salaries being slashed thanks to designers’ spending cutbacks and show cancellations. And new faces? Fuhgeddaboutit.

Even triple-threat designer/party boy aficionado Marc Jacobs made major — no, drastic alterations to his usual Fashion Week pandemonium. On top of canceling his annual holiday fête, WWD reports “that for the designer’s fall show on February 16, the guest list is being cut from 2,000 … to 700, or 500 seated and 200 standing, virtually all of the latter employees.” Oh, and if you were planning on sneaking into the after party, ixnay on that thought, too — there won’t be one.

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