Tom Ford Looks to Expand
cityfile · 09/22/09 07:01PM
• Tom Ford is expanding. (Or hoping to, at least.) The designer is reportedly looking to raise $50 million in financing to expand into womenswear. [Reuters]
• Rents along Fifth Avenue have been falling, of course. But the situation appears to be particularly bleak at the empty shopping mall (or "retail collection") at the Plaza Hotel. [Bloomberg, NYP]
• The downside of diffusion: According to a new survey, consumers say luxury products are too accessible these days and have become a commodity. [WWD]