It seems everyone is feeling the pinch of the financial crisis, and that includes our favorite handbag designers. Marc Jacobs has already canceled its famous holiday party and Fashion Week bash, but desperate times call for even more desperate measures. So now the luxury label is slashing the guest list for its fall fashion show from 2,000 to just 700.
“This isn’t the time to spend the money to entertain the entire world,” explained Robert Duffy, president of Marc Jacobs International.
“Everybody thinks it costs the same money to entertain 500 people as opposed to 2,000. It doesn’t. All those 2,000 people still need to be seated, they still need to check in, this one needs this, that one needs that, and you know what? It’s very costly.”
But don’t expect the elite to file into some dinky little dive to see the show. The fashion parade will still be held at the 69th Regiment Armory on Lexington Avenue, the same venue which has hosted the show for the past few years. Perhaps Marc Jacobs gets a loyalty discount?
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