PARIS Dramatic blood-red gowns on the catwalk, billowing fur coats in the audience: at the haute couture shows in Paris on Monday the super-rich defied the economic crisis in extravagant style. Luxury executives have cut costs and jobs due to falling sales, but the message of new modesty has yet to reach the jet-setting crowd admiring wasp-waisted sunshine yellow and pale blue dresses at Dior and tasseled suits at Armani Prive. Designers must meet a strict set of criteria to enter the...
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