MONEY, MONEY, MONEY! $900 million dollars! That’s what Ralph Lauren is expected to net on a secondary public offering of about a quarter of his Class B voting shares in Polo Ralph Lauren Corporation. Can you believe it? $900 million dollars! And for that, the super-designer will only dilute his control of the voting stock by a miniscule amount. Not bad! He sells off a portion of Polo, pockets almost a billion dollars, and still retains almost 93.5 percent control. Bravo, Ralph.
LEGION OF HONOR: Karl Lagerfeld is excitedly sporting a new piece of silver jewelry, a limited edition medal suspended from a red ribbon, an impressive accessory just meant to be worn with one of Lagerfeld’s high collared shirts. The medal, presented to him by French President Nicolas Sarkozy, brings the super designer into an esteemed community as a Commander of the French Legion of Honor. It was presented to Lagerfeld during a ceremony at the Elysee presidential palace June 3rd. This is France’s highest civilian award.
SPRINGTIME IN PARIS: Oh, we’re still reeling from the magnificent emporium opened recently in Paris by Ralph Lauren, and now Michael Kors is at it, too. A former creative director at Celine, Kors plans to open his largest store in Paris – 7,000 square feet – sometime in the spring of 2011. The store will be located at 279 Rue Saint Honore, which Kors calls the perfect street for his clients…glamorous, chic, romantic and fast-paced.
Major product emphasis will be on accessories, with handbags, small leather goods, eyewear and watches prominently featured on the main level. Women’s ready-to-wear will be showcased on the second floor. Company CEO John Idol says that the Michael Kors retail locations have a proven track record of success globally, and adds, “We look forward to further growth throughout Europe.”
THE FRENCH JUST CAN’T STAY OUT OF THE NEWS WHERE FASHION IS CONCERNED! HERE ARE SOME DELIGHTFUL ACCESSORIES TO GIVE YOU AN INTRIGUING LOOK ON YOUR NEXT TRIP TO PARIS:
- Black & gold fleur-de-lis scarf . A fashionable look with strong French history!
SOCIALLY RESPONSIBLE: The Gap has unveiled three limited edition special designer collections created exclusively for the store by three top winning designers of this year’s CFDA/Vogue Fashion Fund Competition Awards. The collections are for men’s and women’s apparel and for jewelry.
Patrick Robinson, executive vice president of Gap, credited the designers (Monique Pean, Patrik Ervell and Sophie Theallet) with creating “amazing interpretations” of Gap’s iconic classics, saying they will serve as a window to the high-end fashion industry for Gap customers.
The jewelry, by Paen, includes eco-friendly necklaces and bracelets made from naturally shed buffalo horn, coconut, buri twine and organic cotton. Paen worked with artisans in Colombia in creating the line, which consists of 12 jewelry styles, saying the pieces “reflect the design and organic direction of her fine jewelry.”
Paen said this is the first time she has worked with jewelry in quantity. Until now, all her designs have been for fine jewelry collections featuring one-of-a-kind pieces. “So, this has been a challenge, but it has also been very exciting,” she declared. The necklaces in the grouping run from about $200 to $300.
ECO-FRIENDLY IS THE WAVE OF THE FUTURE. LOOK HERE FOR PIECES WITH A “GOOD EARTH” LOOK:
- Wide wood stretch bracelet. Natural components.
- Zuni style fashion earrings. Lead free!