Milan Versus Paris

When it comes to high fashion, only two cities matter. Twice a year the fashion houses in Paris and Milan compete for press attention, bragging rights and the dollars of store buyers around the world. Though the lines between the two capitals have blurred — Karl Lagerfeld and Tom Ford design for houses in both cities; French label Yves Saint Laurent is now run by the Italian Gucci Group, which is owned by the French company PPR —...