Today’s Fashion Headlines: Thursday, May 30, 2013

May 30, 2013 • Fashion Blog, Fashion News

moschino-chic-pedals01Moschino Cheap & Chic Announces New Fragrance

Chic Petals, a zesty floral, fruity fragrance, is the latest fragrance in the Cheap and Chic line from Moschino. “Chic Petals is a perfume for a woman or a young girl,” said Moschino creative director Rossella Jardini. “I envision a fan of the Cheap and Chic fragrances who over the years has collected the various scents and their fun bottles, which each time present a new facet of the Cheap and Chic world.”

The Chic Petals bottle is bright red with white flowers printed around the top. Top notes consist of pomegranate, ginger, and wild strawberry, while the heart of the scent includes gardenia, orchid, and water lily. The base notes are Hinoki wood, Italian iris, and musk. The price will range from to $98 and the scent will also be available in a shower gel and body lotion.

Qatar Considers Buying Neiman Marcus

Investors from Qatar, the oil rich Persian Gulf empire that owns Harrods in London, are in talks to buy Neiman Marcus. The Qatar Investment Authority may shell out more than $6 billion for the upscale retailer. Neiman is also the parent company of Bergdorf Goodman. Neiman’s current owners, the private-equity companies TPG and Warburg Pincus, paid $5.1 billion for the retailer in 2005.

Qatar is ranked by Forbes as the world’s richest country. It recently acquired Printemps, the Parisian department store, and upped its stake in Tiffany. Qatar’s business portfolio also includes the luxury conglomerate LVMH and Porsche.

Michael Kors Looks to Europe

Michael Kors has had a better-than-expected quarterly profit. The company will also double the number of its stores in Europe. Sales in Europe recently rose 97 percent to $73.1 million.

“Given how strongly our brand has performed in the market, how well it resonates with European consumers… we have concluded that the retail store growth potential is greater than the hundred locations we initially targeted in Europe,” Kors CEO John Idol recently told the NY Post. Michael Kors has flourished since the company went public in 2011, and the brand was launched 30 years ago as a luxury sportswear house.

– Claire Mykrantz

Source: NY Post & WWD

Photo: WWD

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