Fashion Business News #5

These days, the West is starting to sound like the "so called" third world countries, especially Africa. Two stories to highlight before we get into the rest of our Fashion Business News, which focuses on stories in the global fashion industry we feel the fashion-forward you should know. First, New York City retailers are now asking for your Euros!

Reuters reports, "In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise. Some New York shops are happy to take payment in strong euros instead of US dollars. "We had decided that money is money and we'll take it and just do the exchangewhenever we can with our bank," Robert Chu, owner of East Village Wines, told Reuters television."

"Unbelievable! Seriously who would have tonk it?" It's sort of what I experienced when I visit some few countries in West Africa. Some places within these countries will only take US dollars because of the weakness of their monies against the dollar. The second is apparently the lack of skilled workers in London's Fashion Industry. The Press Association reports, "Models have posed outside the Houses of Parliament to highlight a skills shortage in the UK fashion industry. Skillfast-UK says many fashion graduates lack the technical know-how to turn their ideas into workable designs. It wants fashion colleges and universities to put more focus on pattern-cutting, garment construction and other practical skills. The "No skills, no fashion" campaign will hold a series of summits for colleges and universities to share research on the skills gap."

Click here for more. Now on to the rest must know fashion business news out there:

• Valentines That Aid Your Love Life And Your Social Conscience
• Three models banned from fashion show in
• Breaking News: Lars Nilsson Out at Ferré
• American Express Woman
• Women CEOs Speak More Through Fashion
• LONDON FASHION WEEK Reinvention game: Ossie Clark, Biba and Jaeger ...
• Lundström's bankruptcy `like a death'
• Why does it matter where fashion designers show?
• Kenanga Wholesale City hub for fashion products
• How Motorola fell out of fashion
• Dorothy a role model for business leaders
• Brands and fashionistas flock to Brno
• For Designers, Fashion Week is Worth the Cost
• New Fashion Show Brings A Touch Of Glamour To Dubai
• Italian Textiles Affected by Weak US Dollar
• Pantone Unveils Fashion Color Report Fall 2008
• Gilt Groupe Partners with the Council of Fashion Designers of America
• Engineer's Naeem Khan gown wins contest
• How New York and Paris defer to London
• Valentino bids farewell to fashion
• Italy jewellers to revamp business to wow investors