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LES Loses Another Store; Royals Get the Barbie Treatment

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Local
· Fabric store Elegant Woolen & Silk leaves Orchard Street [BB]
· Student program "Fashion Draft NYC" kicks off today [WWD]
· What Nicola Formichetti wears to a Tumblr party [WSJ]

International
· Mattel is making Will and Kate Barbies [NYDN]
· Despite the economy, luxury is booming [WSJ]