Although many saw this as the downfall of Halston, a powerful idea was born, and retailers and designers have invested heavily in these collaborations ever since.

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Worries over rising inequality were cleverly exploited by the opposition in the upper-house elections this summer, which led to the downfall of the prime minister, Shinzo Abe.

ECONOMIST: Business in Japan

This is partly because Grasso's downfall became such big news.

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