Debt-laden tourism and retail group Arcandor is set to ask the German government for up to 700 million euros ($948.9 million) in loan guarantees, financial sources close to the matter told Reuters on Thursday 14 May.
Scarlett O'Hara had her fair share of trials and tribulations in "Gone with the Wind," but nothing matched the problem she had in Washington this week: her bodice slid off at a charity catwalk 'Sweet Charity', showcasing edible outfits.
The Big Apple loves Marni, and the feeling is definitely mutual. The label has opened a second boutique there, not far from Madison Avenue. Installed in a former art gallery, the store has the ambiance of a loft.
What's the greenest company you can think of, from a design standpoint? Odds are, Time Magazine's list of the Green Design 100 has it covered. The list looks at innovative new companies, well established firms going green, and everything in between.
Private equity firm Axa sold the Lorraine based crystal producer Daum on the 11th of May to the holding company of businessman Prosper Amouyal, Financière Saint-Germain, which has already taken over the manufacturer Haviland and half of Lalique.
Swarovski is expanding into the horological sector. Presented at an advance preview in Bale, the first collection is no half measure, consisting of forty-five models in various shapes and innovative designs. The range proves once again that Swarovski is not lacking in daring.
The collaboration has been a short one; named director of design for ladies’ off-the-peg fashion at Sonia Rykiel at the end of 2007, Gabrielle Greiss is leaving the company. A mutual decision, the designer will be moving on after the catwalk for winter 2009.
Employees of the PPR group rallied together for the first time to protest a restructuration plan, an “historic” action according to the unions whereas the management of Fnac and Conforama picked up on the low number of strikers.
Luxury goods stocks continued to slide on Tuesday 28 April as the swine flu outbreak raised fears it could hold back travellers, traditional buyers of upmarket handbags, watches and other pricey items.
Martin Margiela has taken advantage of the Salone Internazionale del Mobile in Milan, from 22-27 April, to present his interior design ideas. Maison Martin Margiela has also confirmed its desire to become a lifestyle brand.
After innovative collaborations with Damien Hirst and Shepard Fairy, Levi’s has announced a new creative partnership; a new project conceptualized by the New York based graphic design company “Sagmeister”.