Cost-cutting and fewer fashion parties in Milan (Reuters)

MILAN (Reuters Life!) –
After eight days of frenzied shows and presentations, Milan fashion week officially ended on Wednesday, but the majority of the international press and buyers had already gone.

As the luxury goods sector also feels the pain of the global downturn, its fans and followers are also under pressure to cut costs when traveling to fashion capitals New York, London, Milan and Paris.

And Italian design houses are taking