“Fashion shows started as small presentations, not as mega celebrity front rows. It is a new world and we are going to have to do business differently.”

The evil credit crunch is having a grave effect on all our lovely fashions. Not only are we fearing for the demise of our favourite stores but now fashion week is being targeted.

Firstly it was announced that designers Betsey Johnson and Vera Wang as well as Monique Lhuillier and Peter Som made the decision not to show during New York Fashion Week.