Fashion Roundup: Gisele Bundchen Denies Engagement Rumors; Obama’s Suitmaker Files for Bankruptcy; Fashion Mag Ad Pages Down

Gisele Bundchen is denying rumors that she is engaged to quarterback Tom Brady. [Vogue UK]

Hartmarx Corp., the company that tailors Barack Obama‘s suits, has filed for bankruptcy. [WWD]   

A stage manager for Lipstick Jungle has been arrested for stealing designer items from the set and selling them on eBay. [NY Daily News

Fashion magazines like Allure, Vogue, and Glamour saw an average 22 percent decline in ad pages in the first three months of the year. [WWD]

Despite the tough economy, the Italian line Brioni has introduced a $43,000 suit made to measure from rare fibers such as vicuna, pashmina and Qiviuk. [WSJ