IN THE KNOW WITH RADHIKA – VOL. 9

Happy Independence Day! Hope you’ll enjoyed the day off and are ready for our stories from the global fashion scene this week.

Collaborations clearly seem to be big thing right now but I can’t really complain because I am super psyched about the McQueen and Hirst collab – 2 of my favourite crazies. Also, Riri teases us with a glimpse of her upcoming collection for River Island which I am already dreaming about. Also, handbag backed loans – whaaaaaat? Yes, you read correct! Read on 🙂

ALEXANDER MCQUEEN COLLABORATES WITH DAMIEN HIRST

Last year on my annual trip to London, I went for my first ever Damien Hirst exhibit at the Tate Modern. I have to say I was awestruck by his twisted genius. What impressed me most was one particular of his high security laden artworks, For the Love of God. Now, it’s no secret that I am distracted by shiny objects but this was another level of shiny – a cast of a human skull covered with 8,601 diamonds.

For the Love of God by Damien Hirst

For the Love of God by Damien Hirst

It is thus only befitting that British fashion label Alexander McQueen team up with fellow Englishman Damien Hirst to celebrate the 10th anniversary of its iconic skull-print scarf.

Alexander McQueen Scarf

Alexander McQueen Scarf

The British artist is to rework the classic into 30 exclusive limited edition designs, with each print being inspired by his Entomology paintings, featuring colourful insects such as butterflies, bugs, and spiders displayed to form kaleidoscopic geometric shapes, laid out to create the McQueen skull motif. McQueen chose Hirst for the anniversary collaboration because of the artists’ common interest in symmetrical design combined with strong references to the natural world.

The 30-piece collection will be available at Alexander McQueen boutiques and online from mid-November, and the scarves will be featured in a rainbow of colours in chiffon, pongé, twill and cashmere. Prices start at £135.

Read more: http://www.vogue.co.uk/news/2013/08/13/alexander-mcqueen-damien-hirst-scarves-collection

FANCY A QUICK LOAN, FASHIONISTA? 

Need a loan quick? Well, you might have heard of ‘investment pieces’ but if you’re in Hong Kong then you can literally put up your Gucci, Chanel, Louis Vuitton or Hermes handbag as collateral for a loan! While money lenders typically ask for cars and homes as collateral, Hong Kong’s Yes Lady Finance Co. seeks its customers’ beloved handbags.

The four-year-old company accepts handbags on the spot, assesses them for their condition and authenticity and then procures loans in 30 minutes at 80% of the bag’s value, as long as the bags are Gucci, Chanel, Hermès or Louis Vuitton. Occasionally, they’ll consider a Prada.

chanel-255

The four-year-old company brings in assessors from affiliate Milan Station Holdings Ltd., a chain for luxury secondhand purses, to check the bags’ condition and authenticity. The way we look at it, if you’re feeling low on cash this could be the ideal way to snap up some of McQueen’s limited edition Damien Hirst collab scarves – don’t you think?

Read more: http://online.wsj.com/article/SB10001424127887323585604579009622161718050.html

RIHANNA’S NEW RIVER ISLAND COLLECTION REVEALED

Remember when we told you about Rihanna’s take two with River Island? Well, now here is the first look at this collaboration redux (of sorts).There is still about a month to go until Rihanna‘s fall collection for River Island drops, but fans of the singer and her clothing line now have images and a behind the scenes video to tide them over.

The new ad campaign features select pieces from the 80-piece collection, which combines sophisticated chic and urban glamour. The line includes camouflage and midriff-baring tops and long skirts with bold stripes, as well as intimates with “RiRi” and “G4LIFE” written on the bands.

Read more & for images: http://www.vogue.co.uk/news/2013/08/12/rihanna-for-river-island-second-collection-pictures-unveiled

In the know – weekly news digest

Thanks for all the hits on the ‘in the know’ post last week.

While last week was all about new collaborations, this week’s global fashion scenario seems to be dominated with legal hassles. Some of the biggest names in the industry seem to be facing trouble. Read on to know more:

Hermès suits LVMH yet again

Hermès presented last July a criminal complaint against LVMH for insider trading and manipulation of its share price.

But now the Birkin bag creator has filed another lawsuit against the luxury conglomerate with the aim of annulling the equity swaps that enabled LVMH to attain its initial 17.1 per cent stake. The holding has since been upped to 22.3 per cent.

- Hermes

Hermes

France’s stock market watchdog, the Autorité des Marchés Financiers (AMF), recommended that LVMH be fined €10 million (£8.5 million), accusing the group of hiding its gradual stake acquisitions. The verdict for this will be revealed by July 31.

LVMH is currently suing a civil manager at Hermès – believed to be Patrick Thomas, CEO of Hermès International – after he implied that Arnault’s firm had acted “fraudulently” in its pursuit of the gains state certain reports.

Read more: http://www.huffingtonpost.com/2012/09/04/hermes-sues-lvmh-lawsuit-stock-court-case_n_1853936.html

Balenciaga to sue Nicolas Ghesquière

Kering, formerly PPR, the luxury conglomerate which owns luxury label Balenciaga is reportedly suing its former creative director for ‘breach of confidentiality’ following a controversial interview that was published after his exit from the fashion house, in which he criticised the brand’s management.

- Nicolas Ghesquiere

Nicolas Ghesquiere

Published in System Magazine, Ghesquière revealed that he decided to leave the fashion house because he “ended up feeling too alone”, and as though he was being “sucked dry”. He also accused the label of “lacking in direction” and claimed that he had a lack of support from the business side of the relationship.

Ghesquière and Balenciaga announced the end of their 15-year relationship in November last year, and the designer was eventually succeeded by Alexander Wang as creative director.

Read more: http://fashion.telegraph.co.uk/news-features/TMG10128295/Balenciaga-to-sue-ex-creative-director-Nicolas-Ghesquiere.html

Dolce & Gabanna

This has been splashed all over making almost breaking news.  But still in case you missed it, Italian fashion designers Domenico Dolce and Stefano Gabbana have both been found guilty of tax evasion by an Italian court and sentenced to jail. The duo were both sentenced to one year and eight months in prison, after being found guilty of failing to declare hundreds of millions of euros to the Italian tax authorities.

- Domenico Dolce & Stefano Gabbana

Domenico Dolce & Stefano Gabbana

Read more: http://www.huffingtonpost.com/2013/06/19/dolce-and-gabbana-guilty_n_3466274.html

 

Play with Karl

Well, it’s not all grim in the fashion world.

In the Karl video game the Chanel creative director appears as an energetic Tokidoki cartoon. The objective is to try and remove his signature sunglasses – not an easy task thanks to the designer’s stealthy, ninja-like moves.

- Karl Lagerfeld Tokidoki

Karl Lagerfeld Tokidoki

Cartoon Karl also offers disapproving remarks after unsuccessful attempts, like, “You really need glasses”, and “What a shame”. If you’re too slow, he taps his foot and takes pictures with his camera, but his most cutting comments are left for when you fail at the game completely – to which he says, “Karl has no more time for you.”

The online game is part of a month-long partnership with Lagerfeld’s French eyewear distributor Optic 2000. The lucky French residents are able to claim prizes if they manage to triumph over Lagerfeld, which I can tell you first hand is by no means is an easy task.

Play here: jeveuxleslunettesdekarl.com.