Mango doesn’t know “La crise”. Drapers

Madison Avenue stores are sitting empty. NYT

What fashion companies like American Eagle Outfitters are doing to cut costs. WSJ

Make or Break Season: young designers having a harder time than ever making their business work. NYT

Urban Outfitters jumps on the collaboration band wagon and enlists cool icon Kim Gordon from Sonic Youth to design a special collection. The Moment

Famous stylist Katie Grand’s- formerly of POP- has her new magazine LOVE coming out on February 17th. Fashionologie

Bad boy Vincent Gallo to appear in H&M campaign: a strange pairing if there was one. mediabistro

Add Mango to Julia Restoin Roitfeld list of campaigns; other include Gap, Tom Ford Fragrance, and Accessorize. The daughter of the famous editor of Paris Vogue will apper in the S09 denim campaign alongside the unknown (to me at least) Dakota Johnson. TheFindBuzz

The talented Gareth Pugh gets financed by LVMH; will Dior Homme maybe get a new designer then? Fashionisto

WORD ON THE STREET: It was a rumour, but now is a fact that a certain designer has resigned at a major fashion house and everyone’s guess is he left now to meet his competitive clause agreement. Come the summer he will be ready to take over at another fashion house. (Hint: the house he is going to is on the image above)