Londoners rejoice, our fashion week has been saved!

A "peace agreement" was reached yesterday by the world's biggest fashion capitals over the show calendar, resulting in London Fashion Week getting to keep its full five days from September 2009 onwards. The British Fashion Council has been on tenterhooks since it was asked to scale back LFW to just three days, in order to accommodate New York Fashion Week.

Organisers of fashion weeks in London, New York, Milan, and Paris met in at London's Mayfair Hotel yesterday to resolve the various conflicting schedules, which began when the Council of Fashion Designers of America (CFDA) asked for New York Fashion Week to be pushed back so as not to interfere with Labor Day. When Milan also refused to move back its dates, London was potentially left with just a mere three days to cram all of its shows into - read Gemma's column from yesterday for more info.

The new calendar sees New York permitted to push back its fashion week, while still allowing London its full five days. Details on how this will be achieved are yet to be finalised, although WWD reports that the other cities have promised to "take London's needs into account".

As we have said all along, it would be a down-right shame to lose LFW and all the emerging young talent that it has fostered. We believe there will be some huge sighs of relief coupled with a few celebratory drinks shared amongst the folks at LFW today.

[Photo: Courtesy of F. Shamim/Coutorture]