News Updates: Mattel Fashion Week For Fall 09?, Prada Makes Bargain Bags, And More…

image 1.  As we reported back in September, Barbie will soon take over Fashion Week. More details have surfaced, including how the main sponsorship may change hands from Mercedes-Benz to Mattel. [WWD]

2. Prada recently launched a new relatively affordable handbag line, Prada Special Stones, where every item retails for under $1000. Maybe they'll follow in the footsteps of McQueen and design for Target next. [Nylon]

3. Luxury labels have started lowering prices of goods by up to 10% percent for consumers. We still suggest scouring our Deals of the Day for much better discounts on finds that look luxurious without the hefty pricetags. [WSJ]

4. Shop designs for Count Me In and support women entrepreneurs. Purchase a black pearl drop from KimMarie Designs or Sophie necklace from Beth Devine.

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