Jimmy Choo at a discount: £550 million (article)

  • Need a Real Sponsor here

Labelux to Buy Jimmy Choo 


Upscale shoe-maker Jimmy Choo is being sold to German luxury-goods company Labelux, the latest deal in a flurry of luxury-goods acquisitions as the industry rebounds from the economic crisis.
Labelux, a small holding company that already owns the Swiss shoe brand Bally, said it is buying the iconic stiletto label from TowerBrook Capital. Financial details weren’t disclosed, but earlier reports suggested Jimmy Choo was valued at £400 million to £550 million ($650 million to $895 million).
Copyright 2008 Dow Jones & Company, Inc. All Rights Reserved
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit

Friday Outfit (img)

What she wore on Friday…

Friday

Friday by prettypinkponies featuring short sleeve dresses

Thursday (img)

Thursday’s outfit

Thursday

Thursday by prettypinkponies featuring a pencil skirt

Tuesday Outfit (img)

Perfect suit separates to wear late summer/early fall

Tuesday

Tuesday by prettypinkponies featuring suede heels

Wait!!! Read this before splurging on that designer dress… (images)

Is that new dress worth the splurge?  Let’s see how much cheaper it would cost to try and re-create the same designer look:



While we can appreciate the craftsmanship of a designer dress, sometimes, it truly makes very little difference in presentation whether or not what you’re wearing costs over 3x as much as a much similar ensemble.
The few times high-cost in designer clothing can be worth the price you’re paying:
1)  The quality of fabric – cashmere, silk, leather, etc…
2)  Service – does the store offer great service (alterations?  selection?  appointment with qualified and informed stylists?  extensive knowledge on what makes the product unique?  etc…)?
3)  Shoes – Poorly made shoes are just plain bad for you.  They’re uncomfortable, they need to be replaced more often than well-made shoes, and they affect the “spring in your step”.
The key thing to remember is that THE WOMAN MAKES THE CLOTHES.  In the end, it’s YOU who dictates your presentation, not the cost of the garment.
Cheers!
3P
(Sources:  experience shopping and buying too many clothes, experience working in clothing stores, pageant-training, conversations with salespeople, etc…)

People profile: Faiza Seth, successfully fashionable (img)

  • Need a Real Sponsor here
Courtesy of Faiza Seth
Faiza Seth in a pair of Christian Louboutins.
Faiza Seth is not your usual CEO.  She has flowing black hair, 40+ pairs of Louboutins and she frequently shares beauty secrets in fashion magazines.

But the Hyderabad-born executive has more to her than meets the eye: After a stint at Lehman Brothers in Hong Kong and obtaining an MBA from Stanford University, Ms. Seth, 33, moved to London where she set up her own business, the architecture and luxury interior design firm Casa Forma in 2007.
Ms. Seth spoke to India Real Time about the Indian market for high-end interior design, shared tips for young female entrepreneurs and explained how beauty and business don’t always go well together.  Edited excerpts.
IRT: What made you decide to expand in India?
Ms. Seth: I am Indian so I can understand the country culturally, it is easier for me to work here than in the rest of the BRICs. My family is based in Delhi so I have a network to start off with that I don’t have in Brazil, Russia or China. Also I find people in India have been exposed to global design and trends. Here there is a demand for an international design aesthetic which offers high quality, bespoke design, luxury, and value.
IRT: How does India’s luxury market compares to London’s?
Ms. Seth: In London there is a high demand for property. There, I get requests like crazy for second homes from clients in Russia, China, the Middle East and India. The Indian market is a little bit more price sensitive. At the same time it’s hard to differentiate between locations because people who want that service want the highest quality no matter where they are.
IRT: How are you adapting your design concept to the Indian market?
Ms. Seth: The broader concept is a global design aesthetic. But we have to adapt our designs to make them more doable in India: We have to take into consideration environmental factors like weather and dust. For instance, you can’t use light colors in Delhi because they will be very hard to maintain with the dust and pollution. We pick darker shades.
IRT: What is the design concept behind the New Delhi showhouse?
Ms. Seth: It’s basically modern colonial with some Art Deco and contemporary influences. This includes high ceilings, dark woods like mahogany, marbles and antique doors.
IRT: What tips do you have for young female entrepreneurs in India?
Ms. Seth: Young women need to follow their passion and do what they enjoy … this ensures the greatest probability of success. It is critical that young women entrepreneurs get outside work experience in a large professional set up to bring in discipline, work ethic. Finally women entrepreneurs should start small with low costs and build their businesses up step by step.
IRT: What are the main challenges of doing business in India?
Ms. Seth: Doing business successfully in India can be challenging because of the lack of infrastructure and inertia in the approval processes. Therefore it is crucial to have a strong compliance person who can help manage the environment and ensures adherence to local laws.
IRT: You never leave your house without…?
Ms. Seth: My Blackberry, which is my lifeline to Casa Forma. It’s the first thing I see in the morning and the last thing I see before I sleep.
IRT: Can beauty be a disadvantage in a business environment?
Ms. Seth: Beauty can sometimes be a disadvantage in business because people tend to think beauty and intelligence are often mutually exclusive. However, good educational and professional qualifications can often mitigate this stereotype.



(source:  online.wsj.com Copyright 2008 Dow Jones & Company, Inc. All Rights Reserved)

Rare Antique Buttons…

Wishing for a new suit, but too smart to spend hundreds of dollars?  Ideas:

1.  add beautiful one-of-a-kind buttons to your existing suits.  (i.e. these antique brass buttons are beautiful agains a simple navy jacket)
2.  No time to hunt for vintage buttons?  Got bad taste?  We can help…info@myprettypinkponies.com

What to wear while Congress Passes Stopgap Bill…

…please send your thoughts.

($151 -$400) Ann TaylorJ. Crew.  Brooks Brothers, Talbots

(> $401) SaksiconHugo Boss Boss Black, Theory, Armani, et al…
…I suggest looking in one’s own closet after a major re-vamp.  “New outfits” magically appear after some time cleaning and organizing. 

Appropriately dressed…

…Will knowing what to where and when help get you to the top?