Let’s give credit where credit is due - Perez Hilton broke this story today: Marc Jacobs and his head of finance, Robert Duffy, have cancelled the company Christmas party which annually flies in their employees from all over the country, and all over the world. Duffy sent out this message: “Due to the financial climate, I had to make the decision to cancel the 2008 holiday party. It pains me as this has been a Marc Jacobs tradition for the past 18 years. Hopefully it will be reinstated next year.”
Fashion Rules understands that at the Marc Jacobs stores, the clothing collections are moving VERY slowly – but it’s the handbags that are presently keeping the company alive – and the Marc by Marc line.
