What's hot, what's not

Fashion Find out what's hot and what's not in fashion this week.

Ossie Clark In his second collection for the revived Seventies label, Avsh Alom Gur has managed to channel the late Clark's romantic sensibility while keeping shapes and prints super-modern. And those kaftans... We love. Harem pants Looks like skinny is officially over, as the even more difficult-to-wear harem pant has appeared all over the catwalks, from Ralph Lauren to Qasimi. Our tip for making these flattering is to wear them low-waisted, so the gathered fabric doesn't bunch over the hips. Ferragamo penthouses Joining the likes of Versace, Armani and Elie Saab, Salvatore Ferragamo is entering the realm of interiors, designing a number of luxury penthouse apartments for Dubai's Pentominium, due to open in 2012. Get your name down now.

Luxury retail With thousands of big-spending bankers losing their jobs and tightening their Hermès belts, things aren't looking good for the luxury sector in financial centres such as New York or London.

Peter Jensen We hate to crush an upcoming talent, but honestly, a grey flannel tracksuit is not what we expect to see on the catwalk, even in quirky London. All-white catwalks New York's recent Race on the Runway conference has lambasted designers, stylists and model agents for the lack of racial diversity on their catwalks and in advertising campaigns. Notable exceptions were Ralph Lauren, Oscar de la Renta and the newcomer Sophie Théallet.

Updated: September 21, 2008, 12:00 AM