FEELING FLUSH: Marzotto, owner of the Valentino and Hugo Boss fashion houses, said its sales for the quarter ended March 31 rose 3.4 percent to $593.9 million, aided by the consolidation of Valentino, which it bought in spring 2002. Clothing accounted for 86 percent of the total with textiles comprising the balance. Marzotto reiterated that Valentino is still on track to break even in 2004. In 2002, Valentino widened its operating loss to $13.8 million from a loss of $3 million the year before. Sales rose to $149.4 million from $144.7 million. — Amanda Kaiser

GO EAST: Eager to speak to an international audience, Russian, Lithuanian, Ukrainian and Georgian designers gathered forces recently to show their fall collections. The second edition of Russian Fashion Week wrapped up in Moscow April 14. Recently focused on making clothes for individual clients, many designers joined the biannual runway spectacle to attract attention and orders from abroad. Barneys New York and Liberty already carry such labels as Darya Razumihina. "I see that in the West there is growing interest to Eastern designers," observed a spokesman for the Systeme D fashion showroom in Paris. "They have lots of creativity and are less influenced by the big names in the fashion industry. I feel that they can do well not only in the local market but in Europe and the U.S. as well." — Olga Zaretskaya

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