• The Italian government is planning special measures to help the fashion industry get through tough financial times. The government plans to provide tax credits and funding to fashion houses in order to “safeguard the crucial ‘Made in Italy’ sector.”
  • Michelle Obama has told the New York Times that her husband has no sense of style and no idea about fashion. Apparently, just like every other man on the planet, Barack Obama also mocks the number of shoes in his wife’s collection.
  • Philip Smouha, fabric importer and husband of fashion designer, Lisa Ho, has put three of his companies into voluntary administration. His businesses have collapsed as a result of spiralling debt and it is also believed the couple have listed three of their properties for sale too.
  • Fashion bible, Esquire Magazine, has crowned Prince Charles as the worlds Best Dressed Man. The 60 year old Prince has taken out the title over Barack Obama and tennis champ Roger Federer. The magazine praised Prince Charles’ sharp suits and his accessories, which include silk ties, handkerchiefs and shoes that cost more than $6000 a pair.