March 25, 2009
News flash: Yes, Virginia, there is some good news out there
Amid word of Barneys' layoffs, Thom Browne's possible bankruptcy, and even the previously indomitable jewelry market taking a turn for the worse, there are actually a few bright spots. American Apparel secured new financing to stave off a close scrape with bankruptcy; a resurgent Chloé has opened a pretty new flagship in Los Angeles; and Topshop's van is giving away free things on the streets of Manhattan to celebrate its upcoming April 2 opening.
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