Small fashion businesses are the most vulnerable during periods of economic downturn. As if the luxury market itself isn’t seeming bleak enough! Two labels founded by Danish designers have now been shuttered. We’ve just learned that London-based Danish designer Jens Laugesen, known for his minimalist and androgynous designs, has closed his signature label after six years. The news follows last month’s announcement that Danish luxury brand Camilla Staerk was shut by its owner, Danish fashion giant Bestseller. Both have cited a lack of investment and declining sales. See the full scoop at wwd.com.