In a €3.7 billion ($5.2 billion) deal, LVMH will take a controlling stake in Bulgari, with the Bulgari family trading in its 51 percent share in the brand. In return, they will become the second largest family shareholder in LVMH.
Paolo and Nicola Bulgari will remain chairman and vice chairman of the Bulgari board, respectively, and the Bulgari family will get two seats on the board of LVMH as part of the deal.
With more than 60 brands — a burnished list that also includes Christian Dior, Fendi and Céline — LVMH is widely regarded as an extremely powerful force in fashion and luxury, offering items ranging from Louis Vuitton handbags to Dom Perignon champagne
http://www.fashionologie.com/LVMH-Acquires-Bulgari-14755133
Labels: Bulgari, LVHM
"Paris Fashion Week gets under way today under shock. Christian Dior ousted its star couturier, John Galliano, on Tuesday amidst mounting allegations he uttered anti-Semitic insults and an explosive video depicting him saying, “I love Hitler.”
The dismissal marks one of the most dramatic designer flameouts in recent history, and interrupts a spectacular career, robbing fashion of one of its greatest showmen.
It will surely spark debate about whether the 50-year-old British iconoclast will be able to rebound from the taint of anti-Semitism, overcome what appears to be alcohol addiction and rehabilitate his image to resume working in fashion.
It could also set in motion a reshuffling of designers at the highest levels of international fashion, as one of the most coveted and high-profile jobs in Paris is suddenly up for grabs."
Wednesday, March 2, 2011
Wednesday, March 2, 2011
JOHN GALLIANO- A fashion giant has fallen.
PARIS — A fashion giant has fallen.
*THE DETS*
"Paris Fashion Week gets under way today under shock. Christian Dior ousted its star couturier, John Galliano, on Tuesday amidst mounting allegations he uttered anti-Semitic insults and an explosive video depicting him saying, “I love Hitler.”
The dismissal marks one of the most dramatic designer flameouts in recent history, and interrupts a spectacular career, robbing fashion of one of its greatest showmen.
It will surely spark debate about whether the 50-year-old British iconoclast will be able to rebound from the taint of anti-Semitism, overcome what appears to be alcohol addiction and rehabilitate his image to resume working in fashion.
It could also set in motion a reshuffling of designers at the highest levels of international fashion, as one of the most coveted and high-profile jobs in Paris is suddenly up for grabs."
*Response by Natalie Portman*
"Natalie Portman, a face for Christian Dior Parfums, issued a statement Tuesday morning saying she was “shocked and disgusted”...“As an individual who is proud to be Jewish, I will not be associated with Mr. Galliano in any way,” Portman said. “I hope, at the very least, these terrible comments remind us to reflect and act upon combating these still-existing prejudices that are the opposite of all that is beautiful.” She made no mention of Dior."
GOOD FOR HER!!! I read some of the comments people posted on WWD and they were talking about how she is over reacting and should not have said this but I DO NOT agree! Im very grad she voiced her real opinion of this incident, too many times the media sugar coasts the true opinions of others.
"Hours later, Dior said it had commenced termination procedures in the wake of the “deeply offensive statements and conduct by John Galliano” portrayed in the video.
“We unequivocally condemn the statements made by John Galliano, which are in total contradiction to the long-standing core values of Christian Dior,” Sidney Toledano, chairman and chief executive officer of Christian Dior Couture, said. He declined to comment further."
I'm also very glad Dior took action on this matter, these statements and actions should not be dismissed and should be taken seriously as Dior has.
"Galliano spent Monday afternoon at the station as part of an ongoing police investigation into claims he uttered anti-Semitic and racist remarks in separate altercations at trendy Paris cafe La Perle, last Thursday night and last October.
The designer claims he never uttered any racist or anti-Semitic slurs, furnished witness statements to back his case and subsequently filed a claim of defamation, insult and menace against Géraldine Bloch, 35, and her companion at the cafe, Philippe Virgiti, 41. The couple claimed Galliano’s insults included “dirty Jewish face” and “Asian bastard.”
Under French law, the penalty for defamation can be one year in prison, a fine of 45,000 euros, or $61,884 at current exchange, or both. For insult, the sentence may be six months imprisonment and a fine of 22,500 euros, or $30,942, or one of those penalties."
I find this fascinating, people defiantly take America's free speech for granted!! ON the other hand i think its cool that the police can take legal action, ( I don't know about the jail time but the fine seems like a good idea to me).
Full article here: http://www.wwd.com/fashion-news/dior-ousts-galliano-in-wake-of-anti-semitic-allegations-3528611
also I think I quoted all the text from the article but, just in case, I do not claim any of this material as my original work nor do I own it.
GOOD FOR HER!!! I read some of the comments people posted on WWD and they were talking about how she is over reacting and should not have said this but I DO NOT agree! Im very grad she voiced her real opinion of this incident, too many times the media sugar coasts the true opinions of others.
*Response by Dior*
"Hours later, Dior said it had commenced termination procedures in the wake of the “deeply offensive statements and conduct by John Galliano” portrayed in the video.
“We unequivocally condemn the statements made by John Galliano, which are in total contradiction to the long-standing core values of Christian Dior,” Sidney Toledano, chairman and chief executive officer of Christian Dior Couture, said. He declined to comment further."
I'm also very glad Dior took action on this matter, these statements and actions should not be dismissed and should be taken seriously as Dior has.
*Police*
The designer claims he never uttered any racist or anti-Semitic slurs, furnished witness statements to back his case and subsequently filed a claim of defamation, insult and menace against Géraldine Bloch, 35, and her companion at the cafe, Philippe Virgiti, 41. The couple claimed Galliano’s insults included “dirty Jewish face” and “Asian bastard.”
Under French law, the penalty for defamation can be one year in prison, a fine of 45,000 euros, or $61,884 at current exchange, or both. For insult, the sentence may be six months imprisonment and a fine of 22,500 euros, or $30,942, or one of those penalties."
I find this fascinating, people defiantly take America's free speech for granted!! ON the other hand i think its cool that the police can take legal action, ( I don't know about the jail time but the fine seems like a good idea to me).
Full article here: http://www.wwd.com/fashion-news/dior-ousts-galliano-in-wake-of-anti-semitic-allegations-3528611
also I think I quoted all the text from the article but, just in case, I do not claim any of this material as my original work nor do I own it.
