Derek Lam had just crossed the line of high-fashion stardom — and profitability — when the global economic meltdown unfolded. The Wall Street Journal speaks to the designer about how his business has adapted to the current economy. If you want to check out his store, it’s located at 12 Crosby in NYC.

Also check out the WSJ article about the rising stars of Asian American designers here. 25 Asian-American fashion designers plan to hold shows or presentations at this week’s New York fashion Week. BTW – Jason Wu was Michelle Obama’s Inauguration Gown Designer

Designer Derek Lam and the recession

More about Derek Lam

Derek Lam, a native of San Francisco, began his fashion career in 1990 after graduating from Parsons School of Design. After twelve years spent at the highest levels of fashion as a designer at Michael Kors, Lam launched his eponymous label in 2003 together with business partner Jan-Hendrik Schlottmann. In 2006 Derek Lam was named Creative Director for the Italian luxury brand Tod’s, designing their ready-to-wear and accessories collections in addition to his own line.