I don't quite understand how there could have been such a huge misunderstanding over the "second Thursday" agreement... there's a pretty big difference between 3 years and in perpetuity.
Regardless, I highly doubt Milan and London are going to end up overlapping. With the CFDA on it's side, and the threats from Conde Nast, there's no way LFW could be swallowed up by Milan, despite its relatively smaller size. Right now, both NY and Milan seem to be playing chicken. Someone has to cave sooner or later. I have no guess as to who it's going to be, but it will be interesting. I have a feeling that if/when Paris takes a side on this the scales will tip one way or the other - I can't see Paris not getting its way.
I feel like I should bust out some game theory, here.