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☆ Why auction houses are embracing luxury — and celebrity — fashion
▼ + stars: | 2024-04-25 | by ( Joan Kennedy | ) edition.cnn.com time to read: +8 min

(CNN) — There’s a lot of talk about luxury’s rising prices, but it’s at auction that fashion is selling for the most eye-popping of sums. Fashion items from the sets of TV, film and even commercials can also garner high prices. Frank Augstein/APWhile selling prices are widely publicized, auction houses maintain something akin to attorney-client privilege when it comes to the identities of their bidders. In fact, much of the archival fashion seen on stars today has passed through auction. “That dress would now sell for $10 million because of that double whammy connection of a celebrity,” said Nolan.

Persons: —, Celine, Joan Didion, Levi’s, Kurt Cobain, Elton, Burberry, ”, Nicole Kidman, Lucy Bishop, Frank Augstein, Bishop, Audrey Hepburn, Diana —, Victoria, they’re, Lady Gaga, Kim Kardashian, Michael Jackson’s, Laverne Cox, Jordan Strauss, ’, Shannon Hoey, Hoey, Dior, Elizabeth Debicki, Diana, “, Meg Randell, Leigh Anne Clark —, Valentino, Saint Laurent, Chanel, Andre Leon Talley’s Birkin, Christie’s, Anna Wintour, Clark, Talley, would’ve, Andre Leon Talley's, Meghan McCarthy, Renae Plant, Diana’s, It’s, Carrie Bradshaw, Martin Nolan, Carrie Bradshaw's, Craig Blankenhorn, Barbie, Marilyn Monroe, John F, Kennedy, Nolan, Read Organizations: The, Fashion, CNN, AMC, Albert Museum, York’s Metropolitan Museum of Art, Vogue, USA, Plant, City, Julien’s, HBO Locations: London, Dallas, Palm Beach , Florida, California, Paris, Australia

☆ The handbag wars have begun after the US sued to block the merger of Coach and Michael Kors
▼ + stars: | 2024-04-23 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

The FTC announced a lawsuit that blocks a merger between luxury brands Tapestry and Capri. Tapestry and Capri argue the luxury handbag market is too saturated for that to happen. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe FTC is trying to stop a merger between brands Tapestry and Capri that would put labels Coach, Kate Spade, Michael Kors, Jimmy Choo, and Versace under one luxury house. Tapestry, Inc., which owns Kate Spade and Coach, announced in August its intent to acquire Capri Holdings, which owns Michael Kors, for $8.5 billion.

Persons: —, Kate Spade, Michael Kors, Jimmy Choo, Versace Organizations: FTC, Service, Inc, Capri Holdings, Regulators, European Union, Business Locations: Capri, Japan

☆ Remember that Versace dress Jennifer Garner wore in ‘13 Going on 30"?
▼ + stars: | 2024-04-23 | by ( Marie Lodi | ) edition.cnn.com time to read: +8 min

DeSanto accessorized the dress with colorful Swarovski crystal jewelry by Tarina Tarantino, including a blue butterfly statement necklace. Columbia Pictures/Everett CollectionDecades later, the dress has become a beloved artifact for nostalgic rom-com fans and modern fashion enthusiasts alike. “(Garner) put it on, we got her all dolled up, she went to dance, and we moved on,” she said. DeSanto also credits director Gary Winick, who died in 2011, for the film’s fashion sense. As DeSanto points out, “13 Going on 30” is a story about a young woman coming into herself — and how, more than anything, it’s important just to be yourself.

Persons: —, Jenna Rink, Gilson nightgown, baguette, Susie DeSanto, Jennifer Garner, Miu Miu, Prada, Ralph Lauren, Roberto Cavalli, Versace, ” DeSanto, “ I’d, Giovanni Giannoni, Jenna, partygoers, Michael Jackson’s, — Versace, DeSanto, Tarina Tarantino, Tarantino, Marc Jacobs’s, — she’s, ”, “ It’s, Betsey Johnson tutus, Christa B, Allen, Ariana Grande, wasn’t, weren’t, “, Garner, Stella McCartney, Alberta Ferretti, Mark Ruffalo, Jen, we’re, I’ve, Gary Winick, Gary, ” Winick, Mark Ruffalo’s Organizations: CNN, Fairchild, Penske Media, Columbia Pictures, Everett Locations: Manhattan, lockstep, Barney’s, Italy, Etsy, Alberta, “, New York

The Federal Trade Commission on Monday sued to block Tapestry’s $8.5 billion acquisition of Capri, a blockbuster fashion tie-up that would bring together Coach, Kate Spade, Michael Kors and Versace. The lawsuit is a rare move by the agency to block a fashion deal, given that the industry does not suffer from a lack of competition. In her time as the chair of the F.T.C., Lina Khan has prioritized taking on the power of big business in suits across industries. The agency has moved to block the supermarket merger between Kroger and Albertsons; Meta’s acquisition of the virtual reality start-up Within; and Microsoft’s bid for the gaming giant Activision. failed to block Microsoft’s deal and Meta’s acquisition, both of which closed last year.

Persons: Kate Spade, Michael Kors, Versace, Lina Khan, ” Henry Liu, ” Organizations: Federal Trade Commission, Kroger, Albertsons, Activision, “, Competition Locations: Capri, ’

☆ FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
▼ + stars: | 2024-04-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

The U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade's parent company, Tapestry . With the transaction, the luxury brands could be poised to better compete with European luxury names, such as Burberry and LVMH's Louis Vuitton. Both Tapestry and Capri have been under pressure, as consumers continue to be choosier with discretionary spending. Yet Capri, in particular, has been more vulnerable because of its heavier reliance than Tapestry on department stores and other wholesale retailers. The vast majority of Tapestry's sales are through its own website and stores, with wholesale accounting for only about 10% of sales globally in the most recently reported fiscal quarter.

Persons: Kate Spade's, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, LVMH's Louis Vuitton, Joanne Crevoiserat, Tapestry, Crevoiserat Organizations: U.S . Federal Trade Commission, Capri Holdings, Burberry, Tapestry, CNBC Locations: Europe, Japan, Capri

☆ Stocks making the biggest moves midday: United Airlines, Travelers, Abbott Laboratories and more
▼ + stars: | 2024-04-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.

Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, —, Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China

☆ Jim Cramer shares his thoughts on United Airlines, J.B. Hunt, ASML, Tapestry and Alcoa
▼ + stars: | 2024-04-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

United Airlines : Shares surged more than 10% after the airline reported a smaller-than-expected quarterly loss and offered upbeat guidance for the second quarter. It wants them to be able to raise a lot, and that's what you got," Jim Cramer said. J.B. Hunt : Shares tumbled more than 9% after the company missed Wall Street expectations on the top and bottom lines. "One of the absolute few situations where the Fed is winning, but that's because there's too much supply," Cramer said. Tapestry owns the Coach, Kate Spade and Stuart Weitzman brands.

Persons: Jim Cramer's, Jim Cramer, J.B, Cramer, Michael Kors, Kate Spade, Stuart Weitzman, Joe Biden Organizations: CNBC, Club, United Airlines, ASML, Federal Trade Commission, Capri Holdings, The New York Times . Tapestry, Alcoa Locations: Pittsburgh

☆ F.T.C. Said to Consider Blocking Major Fashion Merger
▼ + stars: | 2024-04-17 | by ( Lauren Hirsch | More About Lauren Hirsch | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission is preparing to sue to block a luxury fashion mega merger, Tapestry’s $8.5 billion takeover of Capri Holdings, two people with knowledge of the matter said. The F.T.C.’s five commissioners are expected to meet next week to discuss the case, a move that could precede a formal vote on whether to file a lawsuit, the people said. The people, who were not authorized to discuss the deliberations, said that it was still possible that the agency could opt not to sue. Monopoly cases in the fashion industry are rare, because there is no shortage of new labels looking to undercut legacy brands. “It is the paradigmatic part of the economy where there is ample competition,” said Howard Hogan, the chair of the fashion, retail and consumer practice at the law firm Gibson Dunn.

Persons: ’, Kate Spade, Capri’s Versace, Michael Kors, Louis Vuitton’s, ”, Howard Hogan, Gibson Dunn Organizations: Federal Trade Commission, Capri Holdings, Gucci, Monopoly Locations: American

☆ 9 ways to make basic clothing items look more expensive
▼ + stars: | 2024-04-16 | by ( Amena Ahmed | ) www.businessinsider.com time to read: +1 min

I learned how to make basic outfits look more expensive when I studied fashion in college. Tying a silk or satin scarf onto a purse elevates the accessory and adds some class to the look. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I studied fashion in college and learned tons of tricks for making basic, affordable clothing look more upscale. This story is available exclusively to Business Insider subscribers.

Persons: —, Versace Organizations: Service, Business

☆ Roberto Cavalli, a Life Out Loud
▼ + stars: | 2024-04-12 | by ( Vanessa Friedman | Jacob Bernstein | ) www.nytimes.com time to read: +1 min

His animal prints did not always originate from nature but from his own imagination, chimeras of exotic skins that telegraphed excess, sex and aspiration. If Gianni Versace was the id of Italian fashion, Mr. Cavalli made it roar, hitting mass saturation in the late nineties as an antidote to the minimalism of Jil Sander and Helmut Lang. He stepped into the vacuum created by the murder of Mr. Versace in 1997, was further buoyed by the frothy stock market, and soon, Paris Hilton was wearing him. So was Candace Bushnell, creator of “Sex and the City.” Victoria Beckham was a fan during her Posh Spice era. Little wonder he was the main sponsor of the 2004 show at the Metropolitan Museum of Art’s Costume Institute: “Wild: Fashion Untamed” — or that Ben Stiller wore Mr. Cavalli’s designs for “Zoolander,” Mr. Stiller’s fashion satire.

Persons: Roberto Cavalli, Tropez, Gianni Versace, Cavalli, Jil Sander, Helmut Lang, Versace, Paris Hilton, Candace Bushnell, Victoria Beckham, Ben Stiller, “, Mr Organizations: City, Metropolitan Museum, Art’s Costume Locations: Italian, Paris

☆ 5 of Anne Hathaway's best looks this year and 3 that missed the mark
▼ + stars: | 2024-03-25 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

Anne Hathaway has become as recognized for her fashion as she has for her acting. But she's also worn a few looks that have missed the mark this year. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHere are her best looks of the year and a few that missed the mark.

Persons: Anne Hathaway, she's, —, Erin Walsh, Versace, Donatella Versace, Hathaway Organizations: Service

☆ 'Barbie' lost most of its Oscars, but its cast won the red carpet
▼ + stars: | 2024-03-11 | by ( Amanda Krause | Samantha Grindell | ) www.businessinsider.com time to read: +1 min

On Sunday, celebrities put on their best outfits to celebrate the 2024 Oscars. The cast of "Barbie" had some of the best red-carpet looks of the night. Margot Robbie and America Ferrera both wore sparkly gowns designed by Versace. AdvertisementThe "Barbie" cast stole the show at the 2024 Oscars — even if the film didn't win every award it was nominated for. First, Margot Robbie, America Ferrera, and company walked the red carpet in stunning outfits.

Persons: Barbie, Margot Robbie, America Ferrera, Versace, —, America, Ryan Gosling, Ken Organizations: America, Service

He was elegant at the Oscars in a custom Louis Vuitton double-breasted tuxedo with crystal buttons and gold-tipped cowboy boots. There was her black 3D molded custom Louis Vuitton petal dress for the Emmys. He mixed patterns in a red Vuitton evening jacket and trouser set for the Golden Globes. She picked up a supporting actress Oscar in a custom Louis Vuitton gown in pale blue with oversize, fringed sleeves. At the Golden Globes, his sling came with nail art that spelled “ouchy,” the best accessory of the night.

Persons: Margot Robbie, Jeremy Allen White, Danielle Brooks, Christian Siriano, Zendaya, Timothée Chalamet, COLMAN DOMINGO, Valentino Haute Couture, Louis Vuitton, “ Rustin ”, Domingo, LILY GLADSTONE, ”, Valentino, Lenise Omeasoo, Joe Big, CILLIAN MURPHY, Oppenheimer, Saint Laurent, he's, Barbie, AYO, BARRY KEOGHAN, Keoghan, Tiffany, DA'VINE JOY RANDOLPH, Valdrin Sahiti, Randolph wowed, Robert Wun, Randolph, Oscar, PEDRO PASCAL, “ ouchy, GRETA LEE, Loewe, Loewe's Jonathan Anderson Organizations: Screen, British Vogue, Golden Globes, Hollywood, Burberry, Givenchy, British Film, Bottega Locations: Hollywood, British, Bottega Veneta

☆ The 'Barbie' cast wore all-black to celebrate America Ferrera, not protest their Oscar snubs
▼ + stars: | 2024-03-11 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +5 min

AdvertisementBut these fans were ignoring the fact that one "Barbie" star was wearing Barbie pink — America Ferrera. America Ferrera attends the 2024 Oscars. It was a showstopping dress that finally gave Ferrera — who mostly wore black during the "Barbie" press tour — her big red-carpet moment. America Ferrera presenting at the 2024 Oscars with her "Barbie" costar Kate McKinnon. AdvertisementFerrera received her first Oscar nomination for "Barbie."

Persons: —, Margot Robbie, Robbie, strapless Versace, Mike Coppola, Barbie, Ryan Gosling, Kate McKinnon, Simu Liu, Issa Rae, Greta Gerwig hadn't, Jeff Kravitz, America Ferrera, Arturo Holmes, Ferrera —, Gerwig's snubs, Gosling, Hillary Clinton, Gerwig, America, Rich Polk, Ferrera, Rita Moreno, Da'Vine Joy Randolph, Emma McIntyre Organizations: Service, Academy, Business, AMI, ABC, Hollywood, America, Variety, Latina

☆ A complete timeline of Tom Holland and Zendaya's relationship
▼ + stars: | 2024-03-01 | by ( Olivia Singh | ) www.businessinsider.com time to read: +53 min

AdvertisementNovember 2016: Holland and Zendaya appear in their first-ever joint cover, for The Hollywood ReporterZendaya and Tom Holland in June 2017. March 2021: Holland describes Zendaya as 'very sensible and humble'Zendaya and Tom Holland in June 2017. November 17, 2021: Holland and Zendaya comment on their relationship going publicZendaya and Tom Holland in "Spider-Man: No Way Home." February 18, 2022: Tom Holland denies reports that he bought a new house in London with ZendayaTom Holland in February 2022. I visited a lot while they were shooting it and I really, really enjoyed it.

Persons: —, Tom Holland, Zendaya, they've, Sony Pictures Entertainment Holland, Peter Parker, Holland, didn't, I've, He's, Con Tom Holland, Albert L, Ortega, Laura Harrier, Liz, Tony Revolori, Flash Thompson, Jacob Batalon, Ned Leeds, ove, hank y, hank, ove y 'all!, hanks, eing, hy, H, ada, ike, huck, Tom Hol, le tag ove, g the, Hol, MJ', ake, hal l, taki, as h, Rob K, ate fame, abou, ..ha, lea, Kev, edd, Josh Flor, birt, rie, stor, Ric, aske, Tom H, ed then, hal, ong, winn, Q, iva, riva, ory, oba, Fran, and S, Jacob, him ", nic, Eric C, y, 2022:, enda y, Kelly, siti, ted, Hunter, Marc, Marin, inger, his ap, Rajan, Ze, kee, enjoy,, "I wa, stu, shou, olly, ing each o, I love, It's, Elvin R odrig, bert Downey Jr. an, Harry, l ove, bec, Room,", enda, fini Organizations: Service, Sony, Business, Sony Pictures Entertainment, Marvel, America, Hollywood, San Diego Comic, Con, San Diego Convention Center, ust, pla, imi, ucc, MTV, ppr, a pl, Norton, rac, eas, CP, ACP, Fr, rit, acc, klan, ely Locations: Holland, Zendaya, ife, uman, pla, Hol, " he, sens, nsw, pula, India, Italy

☆ Milan Fashion Week Fall-Winter 2024: The trends that matter
▼ + stars: | 2024-02-27 | by ( Scarlett Conlon | ) edition.cnn.com time to read: +8 min

Milan CNN —Gimmicks were gone at the latest Milan runways — which concluded yesterday — with designers instead striking a more serious note that encouraged investment buying. Julianne Moore, A$AP Rocky and Salma Hayek front row at the Bottega Veneta fashion show during the Milan Fashion Week. Jacopo Raule/Getty Images1980s reduxRelegated as the style decade that people preferred to forget, the 1980s is slowly but surely starting to pop up on the radar. Jacopo Raule/Getty ImagesEven at MaxMara, famed for its trademark camel, creative director Ian Griffiths went in a deliberately different direction to focus on silhouette over shade. Jacopo Raule/Getty ImagesDark colors also dominated at Giorgio Armani this season.

Persons: Milan, Miuccia Prada, Raf Simons, Donatella Versace, ”, Julianne Moore, Rocky, Salma Hayek, Daniele Venturelli, Giorgio Armani, Bottega Veneta’s Matthieu Blazy, ” Franken, Franken, Jonas Gustavsson, Matthieu Blazy, Victor Virgile, Blazy “, Massimo Giorgetti —, Truman Capote’s “, —, knitwear, Jacopo Raule, Jil Sander, stilettos, Matteo Tamburini, Kim Jones, Karl Lagerfeld, Leigh Bowery, Judy, Julia, Versace, Anne Hathaway, Gina di Bernardo —, Aldo Fallai’s, Prince, Ferragamo, Tom Ford, Giovanni Giannoni, Ian Griffiths, “ We’re, we’re, Marco M, Gigi Hadid, Solange Knowles, Jacopo M, Matthieu, Aitor Rosas Sune, WWD, Hari Nef, Riccardo Giordano, Sipa Cate Blanchett, Gabriel Bouys Organizations: Milan CNN, Prada, Bottega Veneta, Blazy, Truman Capote’s “ La, Truman Capote’s “ La Cote Basque, Getty, Dolce, Diesel, Milan Locations: Milan, —, Bottega, MSGM, Truman Capote’s “ La Cote, London, “ London, MaxMara, Avavav, AFP

☆ Emily Blunt and Anne Hathaway drag Meryl Streep during 'The Devil Wears Prada' reunion at SAG Awards
▼ + stars: | 2024-02-25 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

"Devil Wears Prada" actors Meryl Streep, Emily Blunt, and Anne Hathaway reunited at the SAG Awards. "I don't think I'm anything like Miranda," Streep sheepishly retorted. AdvertisementMeryl Streep, Emily Blunt, and Anne Hathaway came together at Saturday's Screen Actor Guild Awards to honor the 18th anniversary of the 2006 film, "The Devil Wears Prada." Blunt and Hathaway then walked out, holding just what Streep needed: Large, black, square-framed glasses and an awards envelope. "I don't think I'm anything like Miranda," Streep sheepishly retorted.

Persons: Prada, Meryl Streep, Emily Blunt, Anne Hathaway, Streep, Miranda, Streep sheepishly, —, Wears, Blunt, Hathaway, — Versace, Louis Vuitton, Meryl, Miranda Priestly, Anna Wintour, Wintour, Hathaway interjected, Jeremy Allen White, Andy Sachs, Vanessa Williams, Pedro Pascal, Ali Wong, Tan, Oprah, Edebiri Organizations: Service, Vogue, Netflix Locations: London's, Tan France, Edebiri

☆ Best red carpet fashion at the 2024 SAG Awards
▼ + stars: | 2024-02-24 | by ( Alex Rees | ) edition.cnn.com time to read: +2 min

Rather, for all the top stylists and Hollywood fashionistas who’ve been hoarding their best gowns and suiting, tonight’s Screen Actors Guild (SAG) Awards marks one of the last opportunities to win a red carpet superlative before the Oscars. The SAG Awards honor standout performances across the past year’s films and TV shows. Frazer Harrison/Getty ImagesAnne Hathaway in vintage Atelier Versace — a shade of blue she described as "cerulean" on the red carpet (though Miranda Priestly might just disagree). Frazer Harrison/Getty ImagesEmily Blunt in a vibrant red gown. Frazer Harrison/Getty ImagesGlen Powell.

Persons: “ Barbie, ” “ Oppenheimer, Prada ”, Anne Hathaway, Emily Blunt, Meryl Streep, Barbra Streisand, Margot Robbie, Selena Gomez, Gilbert Flores, Danielle Brooks, Mike Blake, Ali Wong, Iris van Herpen, Kevin Mazur, Jeremy Allen White, Brie Larson, Jordan Strauss, Greta Lee, Tyler James Williams, Frazer Harrison, Miranda Priestly, Emma Stone Jordan Strauss, Jennifer Aniston, Celine slipdress, Hedi Slimane, Glen Powell, Amy Sussman, WireImage, Joy Randolph, Brian van der Organizations: CNN, Guild, SAG, Variety, Getty, Los Angeles Times Locations: Luar

☆ How Hermes Became the Ultimate Status Symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "The curse of retail is everyone chases more," Simeon Siegel, a senior retail analyst at BMO Capital Markets, told Business Insider about luxury brands. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, —, waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn

☆ How Hermès became the ultimate status symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

A cashmere throw blanket splashed with the letter H. For years, Hermès' iconic products have been coveted by those in the know. Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

☆ Jennifer Lopez says her stylist pleaded with her not to wear the iconic green Versace dress to the 2000 Grammy Awards
▼ + stars: | 2024-02-23 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Velour tracksuits and low-rise jeans are in trend, and Jennifer Lopez just caused a stir while walking the red carpet at the Grammy Awards in a flowy, green jungle-print Versace gown. In a new interview with Vogue, Lopez revealed that her then-stylist, Andrea Lieberman, pleaded with her not to wear the dress to the awards. Jennifer Lopez at the 42nd Annual Grammy Awards in 2000. Jennifer Lopez at the 42nd Annual Grammy Awards. This first became apparent after the 2000 Grammy Awards, where Jennifer Lopez wore a green dress that, well, caught the world's attention," Schmidt wrote.

Persons: Velour, Jennifer Lopez, Lopez, Andrea Lieberman, Steve Granitz, Versace, Marilyn Monroe's, Marilyn, Sean, Diddy, Combs, Carly Steel, Amber Valletta, Donatella Versace, Geri Halliwell, Lopez wasn't, Eric Schmidt, Schmidt Organizations: Vogue, Business, Milan, Metropolitan Museum of Art, Spice, NRJ, Project Syndicate, Google Locations: New York City, Cannes, France

☆ Bidders Chase Elton John Memorabilia and a Banksy in First Week of Sales
▼ + stars: | 2024-02-23 | by ( Julia Halperin | ) www.nytimes.com time to read: +1 min

More than 3,500 people from 34 countries registered for the chance to bid on the superstar Elton John’s rocket-shaped cocktail shakers, ornate jumpsuits, and black-and-white fashion photography at Christie’s “Goodbye Peachtree Road” auction this week. Two sales over three days featuring the celebrated musician’s belongings rocketed to $14.4 million, with auction-house fees, outperforming the high estimate of $11.3 million. Bidders vied for silver leather platform boots the singer wore throughout the 1970s (they sold for $94,000, more than nine times the high estimate) and an 18-karat gold Rolex watch with a leopard-print dial (it fetched $176,400, about three times the high estimate). Most of the remaining auctions will take place online through Feb. 28, including sales of John’s celebrity portraits, jewelry and Versace clothes. With six online sales to go, the collection has already exceeded the original (and perhaps conservative) expectation of $10 million set by Christie’s.

Persons: Elton John’s, rocketed, John, David Locations: Peachtree, Atlanta

☆ The 2024 Met Gala theme has been announced — along with four superstar co-chairs
▼ + stars: | 2024-02-15 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —Fashion’s biggest night of the year is just around the corner, and the Met Gala red carpet theme has finally been announced — along with superstars Zendaya, Jennifer Lopez, Bad Bunny and Chris Hemsworth as this year’s co-chairs. Florals are sure to abound on this year’s red carpet thanks to the theme “The Garden of Time,” but the novel it takes inspiration from has darker undertones. (Pictured above: Rihanna at the 2023 Met Gala.) “One thing I hope this show will activate is that sensorial appreciation of fashion.”The year’s co-chairs — alongside Vogue editor-in-chief, Anna Wintour — include Met Gala mainstays and debuts. The Met Gala theme often vacillates between straightforward retrospectives (such as the event’s 1996 homage to Christian Dior, and the 1997 theme dedicated to Gianni Versace) and more artful, subjective prompts.

Persons: CNN —, Zendaya, Jennifer Lopez, Bad Bunny, Chris Hemsworth, J, Ballard, Princess Aurora, Rihanna, Dimitrios Kambouris, ” Andrew Bolton, Wendy Yu, Anna Wintour —, Hemsworth, Loewe, Jonathan Anderson, Shou Zi Chew, Karl Lagerfeld’s, Christian Dior, Gianni Versace, Count Axel Organizations: CNN, New, Metropolitan Museum of Art, Vogue Locations: British

☆ The real 'Mob Wives' aren't offended that you want to dress like them
▼ + stars: | 2024-02-08 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +9 min

But has anyone bothered to ask what real mob wives think? If you want to talk about the mob wife aesthetic, who better to do it than a Sicilian mob princess?" 'The perfect mob wife looks like she's going to a funeral'Renee Graziano has always loved the mob wife aesthetic. AdvertisementThe mob wives aren't offended that you want to dress like themThe "Mob Wives" stars hope the mob wife trend is here to stay. Nothing lasts forever, especially on TikTok, but the "mob wife" trend will never die for the real "Mob Wives."

Persons: Jennifer Graziano, Renee Graziano, Natalie Guercio, —, TikTok, Jeff Bezos, Lauren Sánchez, Renee's, Graziano, Renee, Jennifer's, Anthony Graziano, Bonanno, Hector Pagan Jr, Jennifer, Veronica Graziano, Carmela Soprano, Adriana La Cerva, Kayla Trivieri —, TikTok —, Peggy Bundy, Josh Ryan, Sophia Loren, what's, I've, Sofia Richie's, Gucci, Versace, they've, Guercio, aren't Organizations: Service, Vogue, VH1, American, FBI, Huffington, Bravo, HBO, Fox Locations: Sicilian, Staten Island, New York City, Renee's, South Philadelphia

☆ Why Bulgari and Armani are building designer homes in Dubai
▼ + stars: | 2024-02-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

CNN —Armani… Bulgari… Versace…The list reads like the directory of a designer shopping mall. It has more luxury branded residences than anywhere else in the world, knocking South Florida, the sector’s longstanding leader, off the top spot last year. On average, branded residences command a 30% premium compared to similar-quality properties in the same location. The deposits for off-plan purchases can often amount to more than $1 million for prime real estate. “There is a big appetite from both buyers as well as the developers, to continue with branded residences,” said Piro.

Persons: CNN — Armani, Bulgari … Versace, Savills, ”, Patricia Viel, ” ACPV, Bulgari, Viel, Faisal Durrani, Knight Frank Middle, Knight Frank’s, Knight Frank, it’s, Durrani, Rosa Piro, Tadao Ando, Arada, Piro, Armani, Giorgio Armani, Arada Durrani Organizations: CNN, Villa, ACPV, Neverending, Bulgari, Michelin, Resorts, Knight, United Arab, “, Armani, Jumeirah Locations: Dubai, South Florida, Milan, there’s, Aspen, Miami, Algarve, Bahamas, United Arab Emirates

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