Paris Hilton: Fashionista Recession-Fighter

  • Paris Hilton on dropping $3,880 in 40 minutes: "I think it's important to help out, you know, the economy out here, everywhere in the world... It's New Year's, I need a New Year's dress." [Breitbart]
  • But, Paris, Australia's the one place that's having record post-Christmas sales! [Bloomberg]
  • Consumer confidence is at an all-time low; thank God for Paris. [WWD]
  • Well, this makes sense: although every market in the world is down, designer children's clothing is booming! [WWD]
  • French retailer Morgan is going under. You'd think having the country's first lady as a model would help! [Times of London]
  • Jewelry chain Christian Bernard is going under, too. [WSJ]
  • Trinidadian tailor Andrew Ramroop, who suited Princess Di, has been given an OBE. [Telegraph]
  • Also honored: Nicky Kinnaird, founder of amazing beauty emporium Space NK. [WWD]
  • Noooo! Fashion iconoclast Lynn Yaeger has been laid off from the struggling Village Voice! [Pop and Politics]
  • CEOs talk about their new year's resolutions: most of them seem to involve not going under. [WWD]
  • Ted Lapidus, a French fashion photographer who helped pioneer the concept of "unisex," has died at 79. [Guardian]
  • Esprit names a new CFO, works on expanding in Asian markets, presumably not evoking 1991. [The Street]
  • Limited Edition New York presents some of the better celeb tees we've seen: these are by Teresa Missoni, Irina Lazareanu and Angela Lindvall, and proceeds go towards climate change. [WWD]