Another tony luxury brand has changed hands, with today's $3 billion acquisition of J. Crew by a consortium of private equity firms. Yes, the house that Mickey Drexler built and Jenna Lyons (seen above in a Fall '10 preview) designed, now has new owners.Continue reading...

We all walk in them, so it should come as no surprise that even in a recession, people are continuing to splurge on shoes. Price and quality, however, are still kept in mind, and searching for a bargain is still a priority. As The New York Times reported:

Jamie Boucher, a lawyer in Washington, snapped up a pair of Christian Louboutin heels recently for 70 percent off at a local Saks store. “I think about value much more than perhaps I did before,” said Ms. Boucher. “But you’ve still got to have your shoes.”Continue reading...