Category Archives: Fashion News

Barneys Eye-Candy for Billionaire

Photo: Getty Images

The retail sector since the housing crash has seen its share of see-sawing but as the folks at Charles Schwab attest with their latest commercial, “Without Investors There is No Industry, Economy, Jobs, Growth.” Swing the propaganda over to the Fashion industry, and it’s hard to rebuke the facts. Christian LaCroix, Saks 5th Ave and their brush with bankruptcy, and Chanel have experienced their fair share of scares this past year.

Add Barneys to the list of distressed retailers.

Billionaire Ron Burkle’s investment firm Yucaipa Cos. has offered $50 million, that would allow Yucaipa Cos. to attain a 80% controlling stake in Barneys New York buttressed by last year’s significant purchase of Barneys’ debt via Citigroup Inc. for 60 cents on the dollar.

But, Barneys’ worries are far from over after financing companies dealing with Barneys’ shipments cut ties that provided shipment from designers to manufacturers. How does one alleviate the animosity? With more money.

In long term equilibrium, firms earn zero economic profit because of the free entry into the industry. In other words, eventually Barneys will cease to exist. How long the department store chain can survive remains to be seen.

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Daul Kim Found Dead

Photo: Wireimages

Model Daul Kim was found dead in her Paris apartment this morning from an apparent suicide, her agents at Next confirmed. Her agents released the following statement. “She was a top model and a great friend to all of us at Next. Please respect her family’s privacy at this time of sadness. We will all miss her very much.”

Her final blogpost was entitled “Say hi to forever.” She was 20-years-old.

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Forever 21 and Chanel Go to Print

On Friday, Forever 21 will be welcoming a new magazine department in their retail empire, following in the footsteps of its competitor, H&M. According to Nitrolicious, “Each issue will include two to three features, a fashion gallery of looks with styling tips, coverage of trends available at Forever 21, street style, makeup and beauty tutorials, a lifestyle section including the latest in books/art/music, coverage of noteworthy Forever 21 collaborations, and an interview with a notable VIP.”

Check out the exclusive on the first issue of Forever 21 above.

Photo: Purple-diary.com

On a more highbrow note, Chanel has plans to diversify on the Forever 21 and H&M front. Chanel’s magazine, 31 Rue Cambon, (above) takes its title from the location of its first Chanel boutique in Paris.

According to Olivier Zahm, “This is the first issue of 31 Rue Cambon, the first Chanel magazine which I have art directed and designed for Karl Lagerfeld, to be distributed worldwide in all the Chanel stores.”

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Bangelina – Movie Stars, Parents, Philanthropists, Now Designer?

Asprey

As though the power and picture perfect couple needs more on their schedule on top of six children, paparazzi, acting, and philanthropy, Brad Pitt and Angelina Jolie, under wraps until yesterday, are officially designers of high-end jewelry in collaboration with Asprey.

The couple will debut a limited edition collection of gold and silvery jewelry named “The Protector.” Why “The Protector”? According to Jolie, she has a special place in her heart for snakes. This time, there is a logical reason behind her fascination. When she was pregnant with her first biological daughter, Shiloh, the actress was given a snake ring – the symbol of protection for her family.

Proceeds from the collection will benefit the Education Partnership for Children of Conflict, founded by Jolie. The charity’s funds will provide schooling for children who were victims of war, conflict and natural disasters.

The Asprey collection begins at $525. [WWD]

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Spirits are Still High at Hearst With $1 Billion in Savings

MitchScherzerMitchell Scherzer

You can learn from Hearst. According to the New York Post, the publishing house for Marie Claire, Esquire and Popular Mechanics, stowed away $1 billion for emergency purposes.

Being that we’re hearing about it now, Hearst has utilized its savings, investing in its new CFO – former Goldman Sachs investment banker and Managing Director of The Silverfern Group – Mitchell Scherzer, who replaces Ronald Doerfler. Luckily the subjugated CFO will retain a job as senior VP of finance and administration.

With the grim outlook of the publishing industry, I’d say that Hearst CEO Frank Bennack, made the all the right moves. Add to that, the debt-free Hearst has $7 billion in revenue (despite the slump in profits this year).

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Guess the Most Narcissistic City in the U.S.

NYC Skyline

Yes, you’ve guessed it – the jaded city of bright lights and a mysterious apple, New York City. We couldn’t leave it to suspense considering the obviousness of the answer.

Leave it to the Census Bureau to research the ’10 Most Vain Cities’ in the U.S.

According to the results via Total Beauty New York City is the ‘Most Vain’ city three fold in comparison to any other city:

$21 million is spent on hair coloring

$32.5 million – skin care

$5.5 million – makeup

$530,000 – hair growth products

More than 10,000 personal care businesses (spas, nail salons, etc.)

Second highest number of hair restoration surgeons

But only has 4.1 plastic surgeons per 100,000 New Yorkers

Pride be damned, thanks to the Census Bureau, I’m sure the number of plastic surgeons will explode, while spending in the aforementioned categories will see tremendous gains (once the recession returns to its dormant slumber).

Miami, Florida follows in the number 2 spot, San Francisco, California is third, and Salt Lake City, Utah is fourth. What does Utah have that merits vanity?

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What Victoria Secret Angels Are Walking the Runway?

Victoria's Secret Fashion ShowPhoto: Getty Images

We all look forward to the gorgeous scantily clad Angels who know they’re the hottest commodity – because they are – but you won’t be seeing a few regulars, seeing that the stork is delivering mini-angels in the next several months. But, it’s not such a horrible thing to see new faces – and i know you will agree.

Although Heidi Klum’s post-pregnancy silhouette is less than Victoria’s Secret ready, the Aphrodite-esque mother of four is sidelined from walking but will be hosting the show. Adriana Lima continues to sport her bump and Karolina Kurkova has recently given birth to a boy.

According to Modelinia,

Erin Heatherton, Rosie Huntington-Whiteley, Candice Swanepoel, Lindsay Ellingson, Chanel Iman, Liu Wen, Izabel Goulart, Isabeli Fontana, Shannan Click, Flavia de Oliveira, Lyndsey Scott, Aminata Niaria, Caroline Trentini, Caroline Winberg, and Lily Aldridge are all confirmed to walk in the show this year! It’s an especially exciting moment for Liu, as she’s the first Asian model to take part in the Victoria’s Secret show, and just as thrilling for Chanel, since she’ll be walking for the first time as well!

Alessandra Ambrosio and Selita Ebanks will be walking as well.

Tune in on December 1, 10/9C on CBS. We can’t wait!

 

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