I once had a nutcase boss who had placed a strict moratorium on use of the word "pantsuit." I'm sure she didn't have an acutal reason for the ban -- it was more like she did it to exercise control over her underlings. Anyway, the running joke in my office was that the Devil, in fact, did not wear Prada -- she wore Rochas! (FYI : Rochas popularized the pantsuit.)

But the pantsuit-happy Rochas is no more. The Parisian design house will close its doors following the fall collection this year. The reason? Well, it seems that its parent company, pharmaceutical power-house Procter and Gamble didn't know enough about the ready-to-wear fashion business to turn a profit.

As a result, designer Oliver Theyskens will soon be out of work, and the Devil will have to go back to wearing Prada.