Galvan

The London-based evening wear brand will offer a new line of clutches and small handbags priced between $450 and $895.

The One Percent no longer wants to dress like ladies who lunch, leaving the brands who make their clothes facing an identity crisis.

Sales showrooms once existed solely to engage retail buyers. Now, they’re serving as yet another touchpoint with consumers.

This week, Dolce & Gabbana Group has appointed Fabrizio Cardinali as chief operating officer, while Leonie Brantberg has been tapped by Burberry to head up their strategy department.

Brands and retailers are targeting mid-priced formalwear in the hopes of capturing consumers who shudder at the cost of a high-end gown but want something more unique than fast fashion.