The economic downturn is sucking all the fun out of Marc Jacobs
It forced him to cancel his 2008 holiday party and now it's impacting how he'll be doing things at the upcoming NY Fashion Week.
For starters, there will be no MJ Fashion Week after-party, which has always been one of the fashion set's most anticipated events.
And, he'll also scale back
his fashion show guest list.
Only 700 people will get invites this year. In years past