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...this core customer that the luxury bar rises and sets at Neiman Marcus. And the bar is higher than ever. A flourishing new Chanel category dubbed "demi-couture" rests between ready-to-wear and couture, with jackets ringing in at upwards of $6,000. Handbags have skyrocketed over the past two years, with the exotic-skin bags of Nancy Gonzalez special standouts. Fur is also flying out of the stores, including a Chado Ralph Rucci chinchilla clearly worth mentioning. And forward fashion, believe it or not, has stepped way up. "Eight years ago, the customer thought of Prada as being...

Author: /time Magazine | Title: Magical Thinkers | 9/21/2007 | See Source »

...this crowd is burgeoning American fashion star Derek Lam, who in December signed on to become the first creative director of luxury Italian leather-goods brand Tod's. His job? To put a fresh, modern spin on the Tod's signatures and up the ante with ready-to-wear. For fall, Lam has seized the brand's signature driving shoe and revamped it in a sleeker design in stylish jewel-tone satins. Coinciding with Lam's first season in charge is the brand's initial foray into the realm of celebrity spokesmodels. Sienna Miller appears in fall advertisements...

Author: /time Magazine | Title: The New Name Behind Tod's | 9/21/2007 | See Source »

...People are ready for this now," says jewelry designer Paloma Picasso, holding a necklace of giant rough aquamarines in her hands. "I would wear it because I like the fact that there is so much light in these stones and that somehow they are not pure, but maybe it's not for everyone." Indeed, after 27 years in business designing her namesake collection of fine jewelry for Tiffany & Co., Paloma Picasso, 58, the daughter of Pablo Picasso, has finally seen her passion for bold, large-scale jewelry and colorful, rough-edged stones come into fashion. When she launched her collection...

Author: /time Magazine | Title: Artistic License | 9/21/2007 | See Source »

...chairman François-Henri Pinault, who was a classmate of Hermann's in business school, insists she personifies the brand. He snatched her away from PPR rival LVMH Moët Hennessy Louis Vuitton, where she was running ready-to-wear at Dior, as much for her winning record as for her provenance. "Not only does Valerie have all the professional skills," Pinault says, "but she is the YSL woman. She is French, and YSL is the most French of brands. And being an active woman and by her feminine instincts, she will have ideas come...

Author: /time Magazine | Title: What's Her Recipe For French Dressing? | 9/21/2007 | See Source »

...most often mentioned luxury brands in India are local and cater primarily to men. Survey respondents who were asked to name the most familiar brands off the top of their head listed menswear labels?which can be explained by the fact that the majority of Indian women wear traditional saris. As foreign brands go, Swiss watchmakers have made the deepest inroads into this market, and only one foreign fashion label?Gucci?made...

Author: /time Magazine | Title: India: Luxury's looming youthquake | 9/21/2007 | See Source »

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