photo courtesy of getty images
milan, paris - bad news. apparently, valentino won't be showing at men's fashion week next month. he recently announced that rather than doing runway shows in milan and paris this season, he will show his designs only by appointment. this is just another rough blow of the financial crisis on the fabulosity that is the fashion industry. the recent economic recession has set back the valentino fashion group's value by $1 billion. ouch. times is hard, valentino. i'm not mad at you.
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