Zegna, one of my husband’s fave labels, scored an impressive 92% increase in profits in 2011! And is planning on a little boutique building spree – plans to open 50 new shops next year, a third of them in China. To celebrate the banner year, each Zegna employee is going to get €1000 – Love that!

Poor Quirky Betsey Johnson has just filed for Chapter 11. All her stores will be closing and 350 employees will be out of work. It sad, especially when you picture that fabulous 70 year old designer cartwheeling across the stage after her shows.