petersom_billblassresign.jpgFrom our U.S. correspondents at ShinyStyle...

Deary me things don't appear to be improving for Peter Som. He has just announced the cancellation of his New York Fashion Week show next month, following a split from Creative Design Studios, a division of Lord & Taylor LLC.

"We have realised that our strategic interests are no longer aligned and feel that this is the best direction for our company at this time," said Elana Posner, co-owner and CEO of Peter Som Inc.

The news comes hot on the heels of Peter's departure from Bill Blass, which has since closed its doors and filed for bankruptcy of its couture division.

The fashion week schedule is whittling away. Not good.