London’s Gucci Flagship is Looted
Thieves crashed into Gucci’s UK flagship on Sloane street and stole more than £10,000 pounds of bags and belts. This is the fourth raid of this nature in the past few years and while many things were taken, more expensive items, like a bag worth £40,000 was not taken.
Michael Kors is Awarded Artistry of Fashion Award
It has been announced that Michael Kors is to be given the Artistry of Fashion Award on Sept.4th. The prestigious accolade will be presented by the Couture Council of The Museum at the Fashion Institute of Technology during a luncheon at the Lincoln Centre.
Michael Kors Honoured By Couture Council [Vogue UK]
Tory Burch Hits Billionaire Status
It’s official, your Burch obsession has made Tory a billionaire. Forbes has included Tory into it’s annual Billionaire List after assessing her net-worth at 1 billion. Following her recent lawsuit with ex husband Chris Burch, PrivCo Media LLC determined that Tory’s company was worth $3.3 billion.
Conde Nast Invests 20 million into Farfetch
Conde Nast has invested 20 million dollars into online property Farfetch. The online marketplace sources garments from 250 independent boutiques in seventeen countries. Though Farfrtch is British, 25 percent of sales come from the British Market, which should amount to more 70 million in 2013.
Hermes Designs a Clock With La Coultre
Hermes and LeCoultre have create a hand blown enamel clock, hand carved with a crystal casing. The clock, is produced by Cristalleries the Saint-Louis, a subsidiary of Hermès. The clocks have been produced in a limited edition of 176. The signifies the number of years since Hermès was founded. The Atmos Hermès clock will retail for 30,000 euros, or $39,100 at current exchange.