I think "The Devil wears Prada" is at least close to being called "Fashion", unlike the actual Fashion movie. The Fashion movie is nothing about the way the fashion industry works, the way business is done and undone, the non glamorous employees of the glamour world.
Instead it's about one woman's success, what she does, willfully, without the demonized male parties asking her to, and the tag line says, you have to give up more than just your morals. It implies unwillingly. But it's not unwillingly. The protagonist dumps her boyfriend, and starts smoking. She dumps her baby and starts sniffing white powders. Really now!!
Maybe this movie should have been called Models. Or even Showstopper. The movie goes on and on about Priyanka and Kangana vying for the show stopper spot, and no other model is ever shown to be jealous about it, except these two. Another problem is too many characters. It gets really disconnected. Like the photographer guy is given two tiny scenes in the movie. What for? The movie breaks apart with such meaningless additions.
Unfortunately, everyone has acted damn well, which makes the waste of talent in a disastrous movie, more pronounced. Like the last scenes where Priyanka walks out as a showstopper (again) with tears in her eyes, but a haughty face, and eyes that tell the world, "I'm still one up on you".
Or the tortured, slave of habit and abuse, Kangana (they should reduce the volume when she speaks though, I almost went deaf; and also give her diction lessons maybe). Or Sameer Soni, who makes his preferences evident, oh so subtly.
This movie is not at all true to its subject. It's an over the top dramatized movie. These stories can happen to anyone who gets really successful, fashion industry or not.
I'd rather see a movie on how the Panache guy got to where he was. How he arm twisted all the designers to almost own their souls. Or how the established designers keep up appearances or quell talented budding designers. Anything but the overused stereotypical characters like the bollywood designer that cater to the masses to get a few cheap laughs.
Some final thoughts - I wouldn't have killed the movie, if Madhur Bhandarkar hadn't made it. It was not research. Anyone story writer could come up with a story like that, without actually knowing anything of the Fashion industry. I think in the end, he too couldn't really give away the real dirty and grimy secrets of a closely associated industry, and used a rehashed money making formula; instead of an eye opener.