LVMH has bought a 50% stake in St-Emilionâ€™s ChÃ¢teau Cheval Blanc from its billionaire chairman and controlling shareholder, Bernard Arnault. However financial terms were not disclosed in the release, which pointedly failed to mention that LVMH was acquiring the Bordeaux wine from Arnault. Arnault, reputedly Franceâ€™s richest man, bought Cheval-Blanc with Belgian businessman Albert FrÃ¨re [...]
Photographed by renowned duo Inez and Vinoodh, the powerhouse has combined its menswear and womenswear collection for this campaign. Some models featured in the ads are Anja Rubik, Natasha Poly, Raquel Zimmermann, Myf Shepherd, Gerhard Freidl. Very italian, very sexy and very Gucci!
Roman Abramovich recently launched the 557-ft. Eclipse, the world’s largest and most expensive privately owned yacht at a cost of about $450 million. Now renowned naval architect Donald Starkey is offering to top that feat with a 656-ft. behemoth called Everest (named after the world’s tallest peak). Currently under construction in Fort Lauderdale, Florida, the [...]
The International Herald Tribune has announced that Claudia Schiffer will join the lineup of high-profile speakers at its annual luxury conference. Titled “Techno Luxury”, the conference will take place at Berlin’s Ritz-Carlton, On November 17 and 18, 2009. The program will focus on how the technology and other marketing innovations can offer new creative direction [...]
German fashion company Escada AG filed for bankruptcy after being unable to obtain sufficient financing, a Munich district court said Thursday. The company carries around $100 million in debt and has struggled over the past year as the market for luxury goods has declined. Founded as a knitwear company in 1976 by husband and wife [...]
Sony Ericsson is the latest company to team up with a fashion designer to launch a mobile phone, with the launch of the Sony Ericsson Dolce & Gabbana Jalou Mobile Phone. At just 73mm long – The phone which is targeted at women is shorter than a lipstick tube and designed to slip into the [...]