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The Week in Fashion: CFDA Nominations, Bulgari's $92M Tax Evasion, Thom Browne Goes to Tokyo

The week's top five stories in fashion news.

The CFDA Award nominations are in! Although the noms include many of the usual suspects (Marc Jacobs, Alexander Wang, Proenza Schouler) there are some newcomers. Props to Steven Cox and Daniel Silver of Duckie Brown for their Menswear Designer of the Year nomination, and Dao-Yi Chow and Max Osborne whose fledgling label Public School is up for the prestigious Swarovski Award for Menswear—congrats, guys! (Style.com)

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Domo arigato, Mr. Thom Browne! The designer has opened a fabulous new Tokyo flagship, and in good company; Browne's store is in the Aoyama district near Prada, Marc Jacobs, and Kate Spade. The modern space will offer up plenty of skinny suits and cropped trousers to keep Tokyo's men dapper. (High Snobiety)

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Bright socks might just be the easiest part of your outfit to get right, and now that brand new sock e-tailer Soxiety is offering super luxurious Italian-made socks at low prices, adding a subtle pop of color is easy on the sartorial budget, too. Soxiety cuts out the middle man to sell their goods at just twelve bucks a pair, so you can't afford not to step up your ankle-wear. (Soxiety)

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The fashion apple certainly doesn't fall far from the tree. Alexander Drexler (son of J. Crew retail god Mickey Drexler, pictured on the right) is launching his own line. Alex Mill will hit stores later this summer with a men's and boy's line. Many prices are under $100, so you can now afford matching father-son outfits. (WWD)

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Gulp. Tough times over at Bulgari. The luxury jewelery behemoth just had several properties seized by the Italian government, who claim that Bulgari has evaded taxes in the amount of roughly, oh, $92 million. Although nothing is proven at this point, Italian tax authorities say that Bulgari funneled money through subsidiary companies in Ireland and Luxembourg instead of taxing revenue in their native country. (Huffington Post)

—Todd Plummer. Follow him at @toddkingston.

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