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Marc Jacobs Feels the Pinch Too

Marc Jacobs Feels the Pinch Too

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Marc Jacobs and his money man, Robert Duffy , have cancelled the insanely popular Jacobs holiday party for this year because of the crappy economy.
Duffy issued the following message on Tuesday:

“Due to the financial climate, I had to make the decision to cancel the 2008 holiday party. It pains me as this has been a Marc Jacobs tradition for the past 18 years. Hopefully it will be reinstated next year.”

Hopefully, things WILL be better for EVERYONE next year!
[Image via WENN.]

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Nov 05, 2008 18:30pm PDT

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