It seems like no one is immune to the current economic situation!
Not even fancy designers like Betsey Johnson or Carmen Marc Valvo, who have both decided independently of each other to skip the Bryant Park tents this season.
For Betsey Johnson this will be the end of a 5 season run there, while for Valvo it signals the end of a 10 year history.
Johnson's camp wouldn't comment on the designer's reasons for the decision, but Valvo admitted that they are looking for a less expensive way to unveil the Fall 2009 collection since a typical show runs up a bill of $150,000 to $200,000.
The designer is looking into an intimate cocktail party, where the 200 guests could see the collection up close off the runway, cutting expenses by nearly 50%.
The house isn't the only one to look into a smaller alternative. DKNY, Vera Wang, and J. Mendel are all considering similar off-runaway presentations, with many more designers expected to follow "suit."
[Image via WENN.]