The economy has claimed another fashion victim — the union between Peter Som and Creative Design Studios (CDS), the subsidiary of Lord & Taylor LLC. Less than a year and a half after striking a partnership, Som and CDS, which was created in 2007 to work with American talent, both funding and nurturing them in various ways, have agreed to go their separate ways. Because of the split and the current market conditions, Som will not stage a runway show during New York Fashion Week next month; however, the company is exploring options for the fall season.
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