The recently concluded Copenhagen Fashion Week had a less than stellar number of audiences as compared to the previous years. The outcome did not surprise most of the organizers due to the fact that it is already expected due to the global financial crisis.

The three major shows held during the week reported declines in visitors. [...]

The recession in the global market has affected high end business and latest fashion companies. This was the case for Asprey, a known fashion jewelry maker, which reported another drastic decline in revenues as affluent and rich clients have decided to tighten their belts through this economic ordeal. For the first quarter of this year, [...]