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Fern Mallis is stepping down from her post as senior vice president of IMG Fashion. Mallis essentially invented New York Fashion Week back in 1994, taking a decentralized bunch of Manhattan runway shows and turning them into a well-run festival of fashion that proved New York City a worthy competitor to Paris and Milan. She's been a fixture both behind the scenes and on the scenes ever since, so this is a fairly major shake-up—certainly as big, if not bigger, than Fashion Week's move from Bryant Park to Lincoln Center.
But Mallis not entirely out of the picture, and she's definitely not retiring. Instead, she's founded a consulting group called Fern Mallis LLC. First client: IMG Fashion. Which just proves that fashion is like the mafia—every time you think you're out, they pull you back in.
· Fern Mallis Leaves IMG [Daily Front Row]