By and  on September 22, 2008

As the spring collections begin their European leg, uncertainty hangs over fashion houses and retailers like a menacing black cloud, with everyone apprehensive the downpour is about to begin.

With the failure of some of Wall Street’s most storied firms and plummeting stock markets around the world, bad financial news has accumulated with stunning speed and promises to complicate operations in what has already proved a difficult market for many.

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