Word: valentino
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...Gloss The palette gets an extra layer of shine. This page: Valentino python Maison bag, $3,495 valentino.com) Opposite page: Versace patent-leather Diva bag, $2,960 versace.com) Bottega Veneta patent-leather boots, $990 bottegaveneta.com
...been a year of major fashion anniversaries, what with Valentino celebrating 45 years in business last summer in Rome, and the house of Dior feting their 60th the same week at Versailles. But last night Ralph Lauren topped them all with his elegant and spectacular 40th-anniversary show and black tie dinner in Central Park's Conservancy garden. To the strains of the score of My Fair Lady, guests - over 400 of them - floated down the garden stairs into a pristine white tent edged in crisp black. The structure could have been a harbinger of Lauren's Spring 2008 show...
...perfect moment to say adieu to the world of fashion.' VALENTINO, legendary Italian designer known for his signature red dresses, announcing he will end his 45-year career in January...
...Valentino's departure represents a poignant passing of an enduring fashion generation which includes Yves Saint Laurent who retired in 2002, and Emanuel Ungaro, who sold his house and retired soon after in 2004, and it also points to designers like Giorgio Armani and Ralph Lauren, who have created enduring fashion empires and who are nearing retirement...
...many of these fashion conglomerates, success today stems from the ability to generate profits from high-margin businesses like accessories. Permira will certainly focus on that arm of the Valentino business, currently considered vastly underdeveloped. The real test, though, in this new game of private equity ownership in fashion will be how they read the fickle ways of an industry that in 10 years has gone from primarily family-owned labels to global luxury conglomerates. Many observers also feel that star power is necessary to generate sales. While others think that the brand should be the main focus...