As companies grapple with profit declines, budget cuts and layoffs, many are scrutinizing corporate giving and sponsorships. While firms like Kenneth Cole Productions and Michael Kors are keeping their corporate philanthropy relatively flat with 2008, others such as Liz Claiborne Inc. and Tommy Hilfiger are becoming much more selective and have reduced their budgets for charity events.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)