A Global Roundup

As customers become "more value conscious and averse to conspicuous consumption," affordable brands will be getting a healthy kick start. (WWD)

Vera Wang will opt out of a pricey New York runway production this February to stage a low key show at its new Soho boutique. (WSJ)

New York state Governor David Paterson proposed an additional five percent sales tax on luxury goods, as one of many tax increases intended to close a widening gap in the state budget. (WWD)

Staff




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