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Consolidation Causing Clothing Industry Problems

We all know that the May Company was bought by Federated, so all Foley's, Famous-Barr, and Marshall Field's are turning into Macy's. Or something. It's hard to follow. But what all this merging means for the fashion industry is less outlets for designers to peddle their wares. If Marshall Field's was the only person in town that carried Jhane Barnes, and now that store is a Macy's ... where can you go to buy a Barnes shirt? You can see the problem the fashion industry is facing in a period of mergers and acquisitions both in retailers like the May/Federated thing and conglomerates that are buying up brands left and right (LVMH I'm looking at you). Larger brands like Polo Ralph Lauren will be just fine. They own their own stores and have lines that span from reasonable (Chaps RL, Polo Jeans Co.) to ultra luxe (Purple and Black labels). The smaller and store (obviously) brands are going to be the ones that suffer in these situations - names like Evan-Picone and Sag Harbor. Where will all of this take the fashion industry ... to something like Taco Bell in Demolition Man or will it just weed out the weaker brands that were destined to fail anyways? Only time will tell.

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Tides' Million Dollar Buyout Promotion

The Tides South Beach has just launched a promotion that amounts to the ultimate hotel stay: for $1.2 million, their Million Dollar Buyout package allows someone to rent out the entire luxury boutique hotel for an amazing three days and two nights. The 45-room hotel will become a virtual playground, complete with luxury suites and expansive views. The package includes an opening ceremony, a $1,000 amenity in each guest room, a dinner for 90 at the Versace Mansion, a golf outing for men and a shopping day for women. All of the hotels regular services will be available, as well as a private butler for each guest room, unlimited room service and 5 limousines on call 24-hours a day. Should boredom be a problem, the hotel also arranges a private pool party with professional salsa dancers and a pajama brunch party. For an additional $450,000, the hotel will also arrange first class flights for all guests into Miami International.

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