By  on January 21, 2008

MILAN — On the last day of the Milan fall collections, Citibank, America’s largest bank, announced the greatest quarterly loss in its history—a staggering $9.83 billion write-down.

With hushed talk about the “R” word circulating in and around the fashion industry, the news sounded ominous. But for fall ’08, designers showing on the Milan runways seemed to offer an antidote: rugged, testosterone-charged clothes, luxuriously embellished and crafted for men. After seasons marked by anorexic silhouettes and wisps of masculinity, male power made a comeback. Shoulders grew more pronounced as designers heaped on raw luxury in the form of shearling, cashmere and fur.

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