Today’s Fashion Headlines: Tuesday, July 23, 2013

July 23, 2013 • Fashion Blog, Fashion News

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Christian Lacroix’s regal pram.

Royal Baby Booty: Designers Sketch Gifts Fit for a (Future) King

The long wait is over and the royal baby is here! A possible heir to the British throne, a future king has sparked so much anticipation, excitement and chest-beating national pride. It’s little wonder what the tiny royal will do for the British economy. The Center for Retail Research in Nottingham, England, estimates that the happy event will boost baby-related retail sales by 243 million pounds, or $368 million at current exchange, in the nine weeks to Aug. 31, as the world celebrates with books and media, souvenirs and toys. Dior was so inspired, it created an entire collection for WWD around the idea of a royal baby gift. “Like fairies leaning over a cradle, Baby Dior was inspired by Mr. Dior’s lucky charms to adorn the future newborn’s outfits,” the house said. It included “Cashmere knitting, coming in a beautiful leather suitcase, was twisted with four-leaf clovers to keep the baby warm. Each piece, embellished with embroideries and lace, was delicately handmade, requiring hours of work.” Karl Lagerfeld explained that he calls his illustration of a pacifier a “royal dummy,” as it is commonly referred to in England. And of course an beautiful royal regal pram by Christian Lacroix.

S&P Puts Saks on Credit Watch

With multiple bidders emerging for  Saks inc. the focus has shifted to how much the luxe department store might fetch and what toll a buyout could take on the company’s balance sheet. Shares of Saks fell 6 percent to $14.94 Monday, retrenching after real estate player Starwood Capital‘s reported interest in the retailer pushed its stock to a 52 week high of 17.51% on Friday. Standard & Poor’s said it is likely that Saks would ultimately be acquired, but put the retailer’s credit rating on its watch list Monday, anticipating that a new owner would weigh down the retailer with additional debt. Just what Saks’ debt load would look like is only one of the open questions about the sale process. Also up in the air is how much of a role, if any, the company’s major shareholders would play in a transaction and what would happen to chairman and chief executive officer Stephen I. Sadove if he were to close a deal.

Ralph Lauren to Restore École des Beaux-Arts, Stage Show in Paris

Ralph Lauren’s love affair with Paris is blossoming further. The American fashion titan plans to stage a runway show on Oct. 8, just after Paris Fashion Week, at the École Nationale Supérieure des Beaux-Arts, kicking off a two-year commitment to help restore and modernize the landmark fine arts school. According to market sources, the project represents a financial commitment of several million dollars. The restoration venture spotlights Lauren’s affection for Paris, home to his largest European store, which opened on nearby Boulevard Saint-Germain in 2010 in a totally restored 17th-century town house. It also houses a sumptuous Ralph’s restaurant that in warm weather spreads to a leafy courtyard. In a 2011 interview, Lauren expressed his enthusiasm for the French capital and didn’t rule out showing a collection on the Paris stage as well.

Peter Fonda Sues Dolce & Gabbana

The 73-year-old actor, Peter Fonda has accused both the Italian brand Dolce & Gabbana and American retailer Nordstrom of using his name and image without permission. The actor filed a complaint on Friday at a California court referring specifically to a selection of T-shirts featuring Fonda in character in Easy Rider, the 1969 film that he wrote, produced and starred in. The actor is reportedly seeking at least $6 million (£3.9 million) in compensation, as well as legal fees, and all profit made from the T-shirts. In the suit, Fonda claims that he has “suffered injuries to his peace, happiness, feelings, goodwill, reputation, image, loss of fair market values of his services and dilution of his current and future publicity value” as a result of the sale of the T-shirts. 

– Mehar Singh

Sources and Image: WWD, Vogue UK. 

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