Escada joins the recession deathwatch; the label plans to file for insolvency this week. For those unfamiliar with business euphemisms, that, sadly, means it’s broke. [WWD]
Obese mannequins, yards of polyester, and shoes that might “emit sounds of heavy panting” are only some of the wonders awaiting you at JCPenney’s midtown Manhattan flagship. Well, [...]

Diamonds might be a girl’s best friend, but the opening last night of London-based diamond dealer Graff’s New York flagship boutique drew some of the wealthiest and most philanthropic men on the planet. And their wives, of course. Crowded into the sparkling Madison Avenue store were Eli and Edythe Broad, Naguib and Ghada Sawiris, Jonathan [...]