Word: fendi
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Dates: during 2000-2009
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Thanks to Karl Lagerfeld, things just got a little bit sweeter for shoppers with champagne tastes and a beer budget. Lagerfeld, 65-the design genius behind Chanel, Fendi and his own Lagerfeld Gallery line-is hooking up with Swedish retailer Hennes & Mauritz (H&M). Lagerfeld is the latest prestige designer to join the "masstige" trend, in which brand names like Isaac Mizrahi and Todd Oldham dream up affordable products for mass-market chains...
Authorities recognize that counterfeit trafficking is part of a broader, organized-crime problem. In June, U.S. immigration and customs-enforcement agents busted 17 people for smuggling tens of millions of dollars' worth of bogus Louis Vuitton, Prada, Coach, Chanel, Christian Dior and Fendi merchandise in thirty 40-ft. containers through Port Elizabeth, N.J. According to the customs officials, 15 of the defendants are Chinese nationals who are part of two separate crime networks that use shell companies to import counterfeit luxury goods from China and distribute them through storefronts on Canal Street. Each organization paid undercover agents...
...sweeter for shoppers with champagne tastes and a beer budget. Lagerfeld is the latest prestige designer to join the hot "masstige" trend, in which brand names like Isaac Mizrahi and Todd Oldham dream up affordable products for mass-market chains like Target. Lagerfeld, 65--the design genius behind Chanel, Fendi and his own Lagerfeld Gallery line--is hooking up with Swedish retailer Hennes & Mauritz...
They may have worn Fendi and Versace to their sophomore prom, but in the tween and teen fashion lines they sell through about 2,900 Wal-Mart stores nationwide (and 5,300 stores globally), the hard-driving Olsen twins take it down a couple of notches. "It's not a high-end thing," explains Robert Thorne, CEO of Dualstar Entertainment Group, parent company of all Mary-Kate and Ashley items. "We want to be available to everyone, not just the beautiful people...
...teen lines are expanding with more sophisticated styling. Freestanding mary-kateandashley stores are being considered for Los Angeles and New York City, where the girls will be attending New York University. "Our goal is to keep our clothes fashion forward but age appropriate and affordable," says Mary-Kate. Fendi for everyone? Not!!!!! --By Jeanne McDowell