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...hazard a guess at which luxury brand might be next to stumble, take a quick spin around the second or third floors of New York City's Bergdorf Goodman department store. There you will find racks upon racks - sometimes, entire collections - of designs by Marc Jacobs, Chanel, Dior, Armani, Thakoon and Alberta Ferretti marked down 40%. What's impressive is not only the steep markdowns, but also the sheer volume of merchandise that remains. In some cases, every size of a silhouette is still available, indicating that not a single shopper bought the look...

Author: /time Magazine | Title: Fire Sale: Once Towering, the Luxury Market Teeters | 6/7/2009 | See Source »

...Portea." Cakes and pastries designed to look like couture pieces from the Spring 2009 collections - there's a petit four resembling a Chanel purse, a mousse made to look like a Michael Kors dress and other treats inspired by Christian Louboutin, Oscar de la Renta and Thakoon - are served daily with tea from 3 p.m. to 5:30 p.m. The cost is $45 per person, $60 with a glass of champagne. 754 Fifth Avenue, at 57th Street...

Author: /time Magazine | Title: Fashion Week's Couture Tea Cakes and Other Travel News | 2/9/2009 | See Source »

...designer. In 1998 the fashion maverick stopped presenting biannual collections, instead choosing to create on her own schedule. Obama discovered Toledo's work through retailer Ikram Goldman, whose Chicago specialty store, Ikram, is a favorite shopping spot of the First Lady's. Goldman, who carries other Obama favorites like Thakoon and Narciso Rodriguez, is said to have helped Obama order her outfits from the designers. (Read "Can First Daughters Sasha and Malia Give J. Crew a Lift...

Author: /time Magazine | Title: Michelle Obama's Dress: A Bold Choice in Designer Isabel Toledo | 1/20/2009 | See Source »

...while Michelle might not yet know what she will wear when her husband is sworn in as the 44th President of the U.S., the fashion world has been feverishly wagering on who will create her Inaugural wardrobe. Odds favor Chicago-based designer Maria Pinto, 51, an Obama favorite, and Thakoon Panichgul, 34, a Thai-born designer whose name went viral when Michelle wore his red floral-print dress on the final night of the Democratic National Convention. Other possible contenders include Jason Wu, Narciso Rodriguez and Isabel Toledo. Some insiders venture that Obama might even play the low-key populist...

Author: /time Magazine | Title: America's Next Top Model | 1/15/2009 | See Source »

...live in West Chelsea, and it's my favorite thing to walk the streets and go in and out of galleries, just walk around the neighborhood. New Yorkers are very neighborhood-centric, and that's what they like to do," says 34-year-old fashion designer Thakoon Panichgul. Born in Bangkok, Panichgul?who extends his collection this month with a secondary line available at Barneys New York, Dover Street Market, London, and Lane Crawford, Hong Kong?moved with his family to Omaha, Neb., at age 11, where early glimpses of fashion magazines and the Roman Polanski film Rosemary's Baby...

Author: /time Magazine | Title: New York City | 12/2/2008 | See Source »

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