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Derek Lam closes collection business

After a 15 year run, fashion designer Derek Lam is hanging up the hat on his collection business and will now be focusing his efforts on his contemporary line, 10 Crosby Derek Lam. “The momentum is there,” Lam said to Vogue.com regarding his 10 Crosby business. “It’s been growing at a nice clip, and there’s a lot of opportunity.” Lam's rise in...