Photo: Sherly Rabbani and Josephine Solimene via Style.com

Due to the poor economy (or may be not), according to WWD Marc Jacobs and Robert Duffy have decided to cancel their annual holiday party, which was themed “Rock and Roll Circus” and was to take place at the Rainbow Room on Dec. 10. That’s too bad, I would of loved to see what Marc Jacobs would dress up as…

“Due to the financial climate, I had to make the decision to cancel the 2008 holiday party,” Duffy said in an e-mail message that went out on Tuesday. “It pains me as this has been a Marc Jacobs tradition for the past 18 years. Hopefully it will be reinstated next year.”