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☆ These 6 handbags are 'actually worth the investment,' says shopping expert: Chanel, Louis Vuitton, limited drops
▼ + stars: | 2022-12-30 | by ( Charles Gorra | ) www.cnbc.com time to read: +4 min

As the founder of Rebag, a designer handbag resale site, I've kept a close eye on the resale value of sought-after luxury goods. That's well above other major designer names — like Chanel, for example, which boasts an average value retention of 87%. Birkins have an average value retention of 96%, while the Kelly averages 108%. For example, the Nigo Keepall Bandoulière bag has a 119% average value retention, while the Louis Vuitton x NBA Ball in Basket Bag has a 147% average value retention. Up 12 percentage points from 2021, the brand's average value retention is 87%, although several bags exceed 100%.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

Fashion rental apps offer users a way to make passive income from the clothes in their closets. Londoner Camille B. has earned over £18,000, or about $22,000, by renting out her designer items on the apps. It was a pleasure to wear, cost $349.25 AUD, or $233, and I've rented it multiple times already, including to someone who wanted the dress for her wedding. Fashion rental apps have changed the way I buy clothesIt's definitely changed the way that I buy. I have a yellow Jacquemus dress which was rented 30 times, for a total of £1,651.71, or about $2,000.

☆ 19 Unique Valentine’s Gifts for Women Who Have Everything
▼ + stars: | 2022-12-22 | by ( ) www.wsj.com time to read: +10 min

Maybe she’s the type who tuts, “Oh, I don’t need anything” as Valentine’s Day or her birthday approaches. “There’s something a little decadent about wearing a matching cashmere set when you’re traveling by plane, for example,” Deyette notes. Note: The earrings can also be purchased as singles if you or your recipient like to mix and match. Constructed of 100% Australian sheepskin upper and footbed, they feel incredibly luxe and confer the benefit of breathable, moisture-wicking materials. It comes with a 72-ounce pitcher and an ice-crushing blade, as well as two single-serve blender cups for beverages on the go.

THE FIRST TIME Racil Chalhoub, 39, a womenswear designer from Beirut, decided to buy men’s clothing, she was standing in a sea of denim at Abercrombie & Fitch in Los Angeles. This was the early aughts—when many women’s jeans were so snug and low-cut that visible thongs were considered a viable accessory. But Ms. Chalhoub craved loose, roomy hip-huggers. “Everything for women was fitted or flared,” she said. Ms. Chalhoub even launched her own women’s tuxedo brand, Racil, in 2015.

The biggest event of her life — her Sweet 16 — was due to start in a few hours. “I have anxiety and today ... i didn’t get as nervous maybe cause I’m not speaking to anyone but hands are a little shaky.”Angie documenting her Sweet 16 makeup artist’s skills. As Henriquez’s sole daughter, Angie was the family’s uncontested diva, its “only queen” — a girl who seemed to have left the Bronx all but physically. As her 16th birthday approached, she resisted the idea of a Sweet 16. Angie lighting her Sweet 16 candles with, from left, her brothers, Fidel and Angel, and her stepbrother, Cameron.

☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
▼ + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com time to read: +36 min

From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/pyrenees-armani-lowe-prada-louis-vuitton-chanel-11670014920

☆ Christina Ricci's collection of Chanel bags helped fund her divorce: 'I learned to use these investment pieces in different ways'
▼ + stars: | 2022-12-02 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Christina Ricci told the Sunday Times Style that she had to sell off her Chanel bag and jewelry collection when she was going through a divorce in 2020. The 42-year-old actress recently revealed in an interview with Sunday Times Style that she sold parts of her Chanel handbag and jewelry collections to help fund her 2020 divorce from James Heerdegen. I had quite a Chanel handbag collection for a while, but I sold a lot of things," she said. Christina Ricci and James Heerdegen were married for almost seven years before they divorced in 2020. Since moving on from that experience, Ricci has married again and welcomed a second child with celebrity hairstylist Mark Hampton.

☆ A mom of 3 quit her toxic job to be a reseller on Poshmark. She loves it but warns it's a '24/7' commitment.
▼ + stars: | 2022-11-27 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

The 48-year-old New Yorker now works full time selling clothes, shoes, and bags exclusively through the reseller platform Poshmark. She say that she "loves" what she does and that the decision to leave her former employer "forever changed" her life. She says the work of shopping, sanitizing, photographing, listing, packaging, and shipping could make it feel like a "24/7 job." She does everything by herself and says she typically works at least 12-hour days, shipping items every day except Sunday. Finally, Murray says that while one doesn't necessarily have to quit their job to be successful on Poshmark, they do have to "go full time mentally."

☆ Rap industry leaders say hip-hop should not be the ‘scapegoat’ for the growing violence
▼ + stars: | 2022-11-25 | by ( Candice Williams | ) www.nbcnews.com time to read: +14 min

The hip-hop community calls for change, but there doesn’t seem to be an end in sight to the violence. So I think hip-hop is the scapegoat for a lot of things.”Greg Yuna and Lenny Santiago. Some of those murders are now being explored in a new WE tv’s docuseries “Hip Hop Homicides,” which looks at the shooting deaths of rap artists including Pop Smoke, XXXTentacion and King Von. In some cases, money exacerbates some of these things.”Although Lathan believes there should be more accountability in hip-hop from those who create the violence, rap artists can’t always be blamed for the violence that surrounds them or happens to them. Caz said that in those days hip-hop music was used as a form of escape.

☆ I train horses for Hollywood and celebrities like Beyoncé and the Kardashians. The horses prepare just like actors and get scripts to memorize their parts.
▼ + stars: | 2022-11-11 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +10 min

Carlotta Montanari started her horse training company, Four Legs on Set, three years ago. So I formed my horse training company for Hollywood productions, Four Legs on Set, almost three years ago. I had no idea my horse training company would become such a great success. If we're having a photo shoot, the production has to be mindful that horses need to shift their balance, and walk and move. Horse training in Hollywood requires a strong love of horses, because it's not an instant cash-inOwning production horses is a big decision and responsibility.

☆ Taiwan’s virtual beauty brand struggles on Wall Street debut
▼ + stars: | 2022-11-08 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

Hong Kong CNN Business —Taiwan’s latest entrant to Wall Street has had a rough ride since it went public a week ago. Perfect Corp. lends its technology to beauty and fashion brands. Perfect Corp. founder and CEO Alice Chang said she spoke to CNN Business while wearing the company's "digital makeup" on a conference call. The question was: “How can I link the virtual beauty with the real world beauty?” Chang recalled. Perfect Corp. is one of a handful of Taiwanese companies to list in the United States in recent years, according to Dealogic data.

☆ Jewelry designer who makes $41,000 a month from her side hustle: I only work 3 hours per day
▼ + stars: | 2022-11-07 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

First, Tocci started selling the jewelry at pop-up shows and in her Berkeley Heights, New Jersey-based spray tan salon, Nikki Tans. Here's how she structures her day:An after-work and weekend hustleTocci works at Nikki Tans from Tuesdays to Fridays, plus one Saturday per month. After finishing work between 5 and 6 p.m., Tocci goes home to focus on One Vintage Button for two to three hours. Tocci also spends five to six weekend hours each month sourcing vintage clothing, typically from Chanel. "I realized early on that if I have a busy work week coming up, I typically need to stay home and relax," she says.

☆ Rich millennials are buying $152 poop-bag holders and $1,100 Hermès dog bowls as luxury brands bank on them spoiling their pets over having kids
▼ + stars: | 2022-10-24 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +10 min

Luxury brands like Prada and Versace have launched pet collections in the past couple of years. Thirty percent of pet owners said they spent more on their pets and pet supplies in 2020 than in 2019. Courtesy of Anya HindmarchHindmarch's short-lived project is just the latest sign of the opportunities available in the upscale pet market, especially for dog owners. In summer 2021, Versace expanded its homeware collection to cater to pets, no doubt inspired by Donatella's own Jack Russell, Audrey. Heather GildroyPagerie, a luxury pet brand that just launched a collection aimed as much at humans as at dogs, hopes this will be the case.

☆ Ulta, Bath & Body Works, CeraVe, E.l.f. Cosmetics, and SheaMoisture among beauty favorites for female teens, survey finds
▼ + stars: | 2022-10-21 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +4 min

Ulta is still the most popular beauty store for all female teens, according to a semiannual survey. Out of the 6,670 female teens surveyed, 29% of upper-income female teens and 40% of average-income female teens chose Bath & Body Works as their favorite source for fragrances. Upper-income female teens are spending slightly less for perfumes at $62 every year compared with $67 a year spent on perfumes by average-income female teens. While female teens with wealthier incomes spent $93 last fall on hair care products, female teens with average income spent $91 a year. However, Olaplex was the most popular hair care brand for 14% of upper-income female teens, and the second most popular for female teens with average incomes.

A couple walk with Hermes shopping bags as they leave an Hermes store in Paris March 21, 2013. Hermes (HRMS.PA) and Pernod Ricard (PERP.PA) both said they will continue to raise prices, after beating expectations in the July-September quarter. Mainland China also saw a strong rebound after COVID-19 restrictions were lifted, although some restrictions have since been reimposed. PRICE RISESThe world's biggest luxury group LVMH (LVMH.PA) last week kicked off the earnings season with forecast-beating sales -- and no signs of a let-up in demand. The results from Pernod and Hermes bode well for beauty giant L'Oreal (OREP.PA) and Gucci-owner Kering (PRTP.PA), which both report results later on Thursday.

☆ Hermes plans big price rises, says no sign of slowdown
▼ + stars: | 2022-10-20 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

"We will probably have price hikes between 5 and 10 percent," Hermes executive vice president of finance Eric du Halgouet told reporters on Thursday, blaming increased costs and currency movements. Hermes, which has waiting lists for its prized $10,000-plus handbags and limits production to maintain exclusivity, increased prices by around 4% this year and by 1.5-2% on average in previous years. That compares with double-digit price hikes at Chanel. "For the moment, we don't see any sign of slowdown in any of our markets,” said du Halgouet. The Hermes figures suggest that "high-end global luxury goods demand has yet to normalise," said Luca Solca, analyst at Bernstein.

The eight people trapped in the Hideaway Village motel realized that they may die as geysers shot up through the buckling floors and the deadbolts holding their doors shut snapped like toothpicks under Hurricane Ian’s assault. After the motel crashed and the roof above the women gave way, a motel employee next door pulled them out of the water. The wrecking of the Hideaway Village motel, pieced together through interviews with survivors, reveals how the storm’s death count could have easily been much higher than 135 people, according to an NBC News tally. Hurricane Ian tore the roof off the Hideaway Village motel. But on Sept. 27, the women arrived at the Hideaway Village motel, full of energy, under the impression that the storm’s threats were overstated, Maston said.

☆ This 45-year-old makes $39,000 a month selling vintage buttons as necklaces—and only works 20 hours a week
▼ + stars: | 2022-10-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Nicole Tocci started flipping vintage Chanel buttons into necklaces in 2016. Their popularity eventually convinced her to build a standalone website for her side hustle, called One Vintage Button, at the end of 2020. This year, Tocci has already made $351,900 selling repurposed button necklaces, primarily sourcing her vintage finds from Chanel clothing. How to build a button businessTocci leveraged that trust to start One Vintage Button. Nicole Tocci

☆ Chanel evokes cinematic glamour at Paris Fashion Week
▼ + stars: | 2022-10-04 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

A model presents a creation by designer Virginie Viard as part of her Spring-Summer 2023 Women's ready-to-wear collection show for fashion house Chanel, during Paris Fashion Week in Paris, France, October 4, 2022. REUTERS/Johanna GeronPARIS, Oct 4 (Reuters) - Chanel creative director Virginie Viard added a streak of Old Hollywood glamour to a slinky collection for spring and summer, sent down a catwalk lined with enormous screens projecting dreamy, black-and-white images of formal gardens and plush interiors. One of the largest labels to hit the runway for Paris Fashion Week, the show was held on the final day of events that have drawn crowds from abroad, marking the luxury industry's strong return from pandemic disruptions. It starred Kristen Stewart, who sat in the front row with South Korean singing star Jennie Ruby Jane. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mimosa SpencerOur Standards: The Thomson Reuters Trust Principles.

☆ Met Gala 2023 theme will celebrate late designer Karl Lagerfeld
▼ + stars: | 2022-09-30 | by ( Rocio Fabbro | ) www.cnbc.com time to read: +2 min

The Metropolitan Museum of Art announced on Friday next year's Met Gala theme: a celebration of the works of the late German designer Karl Lagerfeld. It is followed by the institute's annual spring exhibition, this year titled "Karl Lagerfeld: A Line of Beauty," which will be on view from May 5 through July 16. Lagerfeld spent the majority of his life in the fashion world, with his first designs debuting in the 1950s. This past year's theme, "In America: A Lexicon of Fashion," focused on American fashion throughout the decades. Funding for this year's event comes from Chanel and Fendi, as well as from Karl Lagerfeld and Condé Nast.

☆ A 44-year-old mom of 3 made $735,000 last year from a reselling business she launched using just the clothes in her closet
▼ + stars: | 2022-09-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Mona Mejia "Everything was selling really quickly"In 2015, Mejia's family was in need of additional income to supplement her husband's pay. When she began listing more items, she noticed that "everything was selling really quickly" and real money was trickling in. It wasn't until roughly a year ago, however — when she started selling on livestreams through Instagram, TikTok, and Facebook, that her business really took off. After working through her closet, Mejia took her earnings and went to yard sales and clearance sections to look for bargain products she could buy and resell. Despite discounting, she says she's able to maintain high levels of profitability by only selling items she bought at especially cheap rates.

LONDON—The booming market for secondhand luxury goods is creating a dilemma for makers of high-end handbags, fashion and jewelry: Join the trend, or ignore it. Secondhand luxury isn’t new, but its popularity is surging. Steep price hikes by prestigious brands like Chanel SA are driving some luxury buyers to look for less expensive used items. Others are seizing on secondhand goods’ sustainability bona fides: A used pair of designer jeans doesn’t cost any more of the planet’s resources to make.

☆ It’s a Witch! It’s a Pilgrim! It’s a Y2K Raver! Why Square-Toe Shoes Are Back in Style.
▼ + stars: | 2022-09-24 | by ( Faran Krentcil | ) www.wsj.com time to read: +1 min

Instead, she singles out a pair of square-toe shoes by French brand Courrèges. The digital-trend tracker Semrush notes a 2,500% jump in web searches for “square toed shoes for women” between July 2021 and July 2022. Meanwhile, the online shopping platform Lyst features over 24,500 square-toe women’s shoes including a faux-leather update of Ms. Cleveland’s Courrèges pair and other Judy Jetson-ish riffs from Dries Van Noten and Rupert Sanderson. The trend also points to ballet’s pointe shoes, which inspired recent versions by Sandy Liang, Mansur Gavriel and Khaite. Actress Selma Blair, meanwhile, says her square-toe loafers from Salvatore Ferragamo are “the grandma shoes that I love.” (She currently sports them with cuffed khakis in her new Gap campaign.)

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