Eugene Rabkin is back with Philippe Pourhashemi to discuss the Spring / Summer 2005 women's shows in Paris and Milan. They talked about Alessandro Michele's debut at Valentino, the need for change at Rick Owens, their different takeaways from the Dries Van Noten without Dries debut, the stagnant and bland luxury market, why Haider Ackermann is a brilliant choice for Tom Ford and what it means to hire a real designer at the helm of a big brand, and much more.