Word: high-end
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...says he frequently buys and sells art. Artémis downplays its bond issue as a routine exercise, and says its debt of about €4.6 billion has remained fairly stable. As for PPR, it says its asset sales are part of a long-term strategy to concentrate on high-end retailing and luxury goods and jettison most other businesses. "We're just implementing the strategy a bit faster and in better conditions than people expected," says a spokesman. But Pinault's Achilles heel is not so much the level of his debt as the value of the assets...
Although Smith had not decided on a future career, her friends said she talked about working in high-end fashion or becoming a talk show host...
...cheaper. A high-end CCD camera may still go for more than $5,000, but a stripped-down model can cost as little as $1,000. The handiest hobbyists can build their own so-called cookbook cameras, buying CCD chips and other imaging hardware for a few hundred dollars and doing the assembly work themselves...
Flip-flops have been the universal summer footwear for years--cheap and utilitarian, if not particularly fashionable. But the humble rubber thong is this summer's stylish shoe. Havaianas, colorful flip-flops from Brazil, are selling out at high-end boutiques and cropping up in style magazines like Vogue, Elle and Cosmopolitan; they were recently seen on the Paris catwalk of designer Jean-Paul Gaultier. Selling for just $3 in Brazil, the shoes are fetching from $12 to $80 in the U.S. For fashionistas seeking a more formal summer look, Sigerson Morrison has created a new silhouette for the flip...
...Increasingly, high-end tour operators are finding ways to smooth some of the Mongolia experience's rough edges. 4th World has built modernist wooden lodges at Lake Hovsgol, where guests spending about $100 a day can hike and mountain bike and then unwind with some imported wine, barbecued local mutton and a dip in a hot tub powered by a wood fire. Nomadic Expeditions has built a lodge in the Gobi Desert. And while there's really no way to catch the feel of Mongolia's big sky other than by driving for days beneath it, Nomadic Expeditions offers...