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Prada, the brand that successfully brought baroque minimalism to Milan’s runway last month, is carrying $1.4 billion in debt. And if you’re not a member of the Walton family or a medium size country in South America, that’s a whole lotta Italian calfskin handbags.
On a dreary Wednesday morning, there’s nothing like some gossip got get things rolling. So like something out of an issue of People Magazine circa 1991, we give you the poor-little-rich girl woes of Sarah Ferguson. Today the Daily Mail has it that Fergie — the British one — has a serious shopping problem… and by serious, we mean worse than yours.