By and  on January 15, 2009

Easy does it. That’s the mood here as the city, hit by a cold snap, preps for Milan Fashion Week. And given the global recession, forget glitz, hype and pomp  as designers opt for realism over surrealism.

A Pambianco study issued Wednesday confirmed fashion and luxury goods companies  are in for a tough first half, stressing that the dismal outlook makes everyone hope all the investment in overseas markets will generate results.

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