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Lacroix is not the only fashion house to teeter on the brink. The Antwerp-based designer Veronique Branquinho closed her business last week, blaming the dismal financial situation. Meanwhile, economic pressures are straining relationships inside famous luxury brands. Versace S.p.A. announced on Friday that Giancarlo Di Risio, the house's well-regarded chief executive officer since 2004, will step down. No official reason was given, but sources say that clashes over expenses with Donatella Versace, the creative director and part owner of the brand, were to blame. Another CEO, Kim Winser of the British brand Aquascutum, also resigned last week...

Author: /time Magazine | Title: Fire Sale: Once Towering, the Luxury Market Teeters | 6/7/2009 | See Source »

...suggestion that Rumsfeld would have used these reports to somehow curry favor over at the White House is pretty laughable.' LAWRENCE DI RITA, former Pentagon spokesman, denying that such verses were used to appeal to the President's religious beliefs...

Author: /time Magazine | Title: Verbatim | 6/1/2009 | See Source »

...looking to muscle their way onto the tracks. Italian start-up Nuovo Trasporto Viaggiatori (NTV) is set to launch Europe's first privately operated high-speed service in Italy in 2011, in competition with Italy's former rail monopoly Trenitalia. Headed by Fiat and Ferrari CEO Luca Cordero di Montezemolo, NTV plans to establish a broad network of high-speed Italian services that dovetail with French routes run by SNCF, which owns...

Author: /time Magazine | Title: European Train Travel: Working on the Railroad | 5/28/2009 | See Source »

Chocolate Bread Parfait Pane di Cioccolato al Cucchiaio...

Author: /time Magazine | Title: Lidia Bastianich's Bread Recipes | 5/22/2009 | See Source »

Artichoke and Bread Fritatta Frittata di Carciofi con Pane...

Author: /time Magazine | Title: Lidia Bastianich's Bread Recipes | 5/22/2009 | See Source »

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