Summer Fashion warms with love of country and family

  The latest trends in jewelry reflect what matters most to people listed in the sales of Jewel Kade handmade charm.

Alpine, UT (PRWEB) 29 June 2012

What is one of the hottest trends in jewelry this summer? Pieces that express the love of country and family time for expression. Jewel Kade, offers the charm of the craft in the U.S. and inspired jewelry is made, a significant increase this month in the sale of its charm and patriotic holiday theme, and its charms JK images, with personal and family pictures.

In a time of year when communities come together to celebrate the independence of the nation and spend time together as families become more customer-relevant stimuli handmade how addictive:

        Freedom - This piece adds a vintage charm and modern stars, stripes, made with a silver star with a hand-glass flakes of the specialty clinics in Germany.
        Fame and freedom - these stimuli have a star rhinestone "framed" shadow-box type tin and beveled glass.
        Liberty Bell - This spell is the charm of the Month for June exclusive club of collectors Jewel Kade's ", called Club JK It includes the classic symbols of Americana -. The red-white-blue flag, words like" freedom "and" proud " , and a teardrop-shaped tin - what else - The Liberty Bell.
        Anchor necklace and the charm of the sea - these pieces are reminiscent of summer resorts and are among the most popular items of the season.
        JK Photo Charms - These charms are perhaps the most personal care with Jewel Kade, giving customers their own charm and personal photos in the studio JK line, which are then crafted by artists from JK Design production in Alpine, Utah. Jewel Kade is a seasonal increase Charms to see and enjoy images with families on vacation, family reunion, and snapshots of children in the outdoors.

"Jewel Kade's all about the light of the significant things in life - beauty, love, family," said Janet Kinkade, Jewel Kade-founder, president and designer. "It seems fitting that we see how people react, what is important to them, this time of year - pieces that honor the country and spending time with the family, we often hear that what people like about Jewel Kade.: It is a fusion of fashion, art and the individual personality. "

In Milan menswear shows for spring 2013, designers remain on the essentials

  MILAN - Among the many insults to the intelligence distorted by the corporate culture in the last decade, is certainly "brand DNA" is not the worst. Capitalism is a lot, but as far as we know it does not begin at the cellular level.

What is particularly difficult, is the metaphor that is otherwise empty slogans like "authenticity" mean in almost all cases that the matter in question is a fake out.

People want to know simple stories, as we all know that the Web and has all the fragmented aspects of everyday life, they Hanker for her zealous than ever. It must also be true of fashion should not be surprising.

Since brands are usually of a seed innovative or creative spirit, their stories when they read, be very convincing. Evokes moods and atmospheres, sample stories, including an important part of the work of fashion and magic. The rapper, the exotic foreign labels throw in their rhymes understand the power of name-checking Prada or Gucci.

So this week, it comes as a relief to have sobered the designer behind these and other houses here, from the economic crisis, the basic concepts and put their own simple stories. The decrease in general bombardment of kitsch references to cowboys or mods or rockers or Indians, they relied on the tried and true design.

In the best case - Prada, Jil Sander, Calvin Klein, Gucci - they are used to cut down on these aspects of design, the consumer, their label went in the first place. Much has been for the fact that Miuccia Prada presented a show in which women male was also found that the range were typical crazy and dumb, but it was minimal clothes, androgynous and made based on simple shapes and surfaces. No one seemed to forget how they like similar efforts by Phoebe Philo at Celine, not necessarily a bad thing looked.

Hardly any other designer to manage, and Philo and Prada, for clothing, although a lot of fashion, have to provide a background in the real world. Everyone has the opportunity for consumers, without the intrigues of the Association to the airport or in the office, as if every day is Halloween.

Prada was hard and cold, stripped of crazy stacked on the ornamentation of some recent shows. Striped pants crotch in different colors, which appear on normal adolescents, but also male models in their 50s, were more radical than plausible, if not only worn by people of both sexes, but also those of a certain age.

Jil Sander, in his return, she founded after a retreat not entirely voluntary (in which she designed collections breakaway hit for the Japanese giant Uniqlo mass marketing), was also made available to arrive. Fans of the first day Sander could always count on them to hard-working tissue in a way that might seem simple proportions, and were detailed with a precision few designers we offer. One of the most famous joke about Gandhi is that it costs a fortune to him badly; vaunted simplicity is not achieved with simple means.

Similarly, let the know on clothing hangtags Sander that minimalism does not come cheap. Sander - a collection of short trousers with long, smooth thin layers (some sleeveless tunic), painterly color-block print, and barrel-shaped coats, some in color signature as Yves Klein Blue - is finding its niche in a tough market, this is an open question. However, there is every reason to celebrate his return.

And it will also lead to two designers, the lease is not in the Showboats, sometimes not to get her through. Show Frida Giannini for Gucci has once again how much she understands the idea behind Gucci and its origins in a time when gently forgiving, unlike today, dolce far niente not seem to be the punch line, demonstrated a cruel joke. Who has time for a good life if you work two jobs to survive?

Apparently, consumers do Gucci, Frida Giannini, creating clothes for him to concentrate on a Mediterranean idyll: perfectly cut suits in the colors of Necco wafers, double-breasted jacket and skinny jeans with a big collar studded crispy just worn on the ankle. She presented thin layers on finger length ratio and with a complete easy. She sent a white version of the classic Gucci loafer, with a little egg net. She offered her interpretation of the ubiquitous weekend bag in a band baiadera (and Alligator: the lizard, which was better). The atmosphere and the world they may not have entirely imaginary, Italy, caused his 1 percent.

Italo Zucchelli, Calvin Klein, is another unknown designer with a gift for capturing the mood of foreign cultures. In his case it is not the super rich sailing off the coast of Sardinia, but that before his concert, he called the "American hero." What he seemed to say Joe was a simple, one person, for a denim jacket is a fundamental part of working clothes and not an ironic comment on Americana.

Strangely, this fact Zucchelli jewelry must be eliminated; tinker with a basic vocabulary of the form (a denim jacket has both a version close to the body side and a chunky enough to cover a television has been shown), and you stimulate the neutral range, the a house where he proposes the signing of bleached bones in the desert and try different tricks with effective deceptively complex tissues. Tissue micropleat subtle black and white tuxedo as, for example, is something that anyone should try with less know-how never Zucchelli.

There were among the soloists performances here this week (10 to 12 of them one day) owes much to the designers carefully cover their many Paris. It is logical that in a city such as industry, as they could give their best when the most limited in the trade.

Overall, there was a welcome absence of kitsch. (Well, almost: Dsquared, Dolce & Gabbana and Versace have love theme parks and tours across the country club, Sicily, and Las Vegas, with gladiators in see-through mesh pants directly from a catalog International Male.)

The flight is a topic of kitsch Tomas Maier at Bottega Veneta, where he worked once again managed a training session for the ultra rich ultrarestrained dress. It's hard to imagine that, without his strong hand in it for the occasional impeccable taste (think Baja pullovers of silk or velvet, crepe cotton sweaters, costumes decently treated with floral motifs surprinted vague), the hedgies would.

In fact it is not. They come for lunch at the Four Seasons restaurant, the last bastion of elegance, hoodies, Mark Zuckerberg or Mom jeans.

Also held at Salvatore Ferragamo and Missoni, Angela Missoni designer Massimiliano Giornetti and loyalty with their loyal customers. As Giannini named Gucci, Giornetti a privileged world of the summer and bright colors, and is far from imaginary. His suits, sportswear and gladly made plug of cotton in the colors of a Bellini or a cocktail of other specialties, inspired by the frenetic energy of Los Angeles were told the designer that can be neglected and the dark corners doomful Dennis Cooper that complicated city.

In fact, they look more like the stuff you see in Playboy or in places such as the ineffably elegant hotel Il Pellicano on the Amalfi coast. You can find them in a big picture book on this Eden Italian Rizzoli, one that has some of the same people who have in the beautiful Angela Missoni in Milan can be detected.

For signs of hope, if not optimism turns were easy to spot. Even collections that do not deserve much contemplation provided pictures lift the spirits on a gloomy Gus. Neil Barrett, he was walking outside in the rain pattern of an old palace style baseball jackets with patterned like footballs. Umit at Benan, he was the designer and heavy on his woolly scampering all colored - Tables crumpled beds, whose inhabitants were asleep - in just his underwear. And Giorgio Armani, which was a flight of beautiful models show that in the end which may be, could never be confused with another designer.

Wearing a crisp white suits with short pants, they were like a signal from the designer, who turns 78 in July, that life is good, will certainly continue.

adjacent Gucci 2013 is an explosion of colors!

   Gucci Frida Giannini brought to a level where the brand is once again a clear sign of the fashion industry and does not wave the ramp. Now the organization has become a label that offers the best sexy fashion to even those with little or no sense of fashion (literally, of course).

Giannini has brought a new sense of style, the decaying Gucci before 2003 back to life. She married "La Dolce Vita", Mediterranean coast and spicy with a bit of Anglo-American rock. The result was - success. Collections came one after another, very different and unique in their own right, and his collection of men's fashion for the summer of 2013, presented last Monday was no exception.

Solid structures and bright colors were used to evoke the coming summers make men a little more relaxed and chic makes discovering new side of the Mediterranean. Should be thrown to explode with color in the palette, the perfect atmosphere with Mediterranean blue sea, green and turquoise, terra cotta, raspberry, orange, lemon and pistachio colors in the super comfortable, but sexy dress by Gucci.

Gucci has also introduced with blazer. Blazers are cotton jersey fitted kitchen and has two rows around the waist to create the effect of thin 1960 "Dolce Vita" Playboys favors. The trousers are conventional and lean on the side.

Whether sweaters, rain gear, power-shirts or other fabric sewn-brand would be all in bold, beautiful color palette and be very happy. To get to the collection, the brand has developed, spacious - colorful bags. Apart from the fact that the leitmotif of the collection, the warm weather classic Gucci loafer was. In white, black or colored, and less bore the socks had accessorized with any outfit into a fashion show in Milan.

men Gucci SS13 collection unveiled women - True Colors

 A rush of color. Energetic. Costs. Radiant. A fast pace of high fashion. Telling Spring Summer 2013 and exudes an understated elegance, the true soul of the house.

Says "is this season, Gucci man and his chic Mediterranean, with fascinating, elegant lines and blocks with bright colors," Giannini.

"When designing this collection, remember my starting point is a blatant desire, the color of summer was." In a signature Gucci palette with a hint of leather in green, blue, yellow and orange and red tones in time. Synthesized from the true colors of the print Baiadera scratch floors.

Silhouette

Playboyish: three-piece suits with slim, shape, slim. Blazing with color, always worn with the legendary Gucci loafers, shorts with pleats and cuffs, double-breasted blazer fastened around the waist, cotton jersey with traditional British-style polka dots and stripes links.

A new, stylized floral print house including codes such as belts, bits and Band on Pajama Web-style pants, polo shirts, bomber, scarves and shirts with a sophisticated charm. Nautical advice.

Mackintosh, oversized jackets and raincoats - Double breasted with marine mesh. Double-jackets with shiny white patent for a nautical theme: through sweater jackets and biker soft Python for a touch darker. Culminated in a dinner jacket built on the body.

Materials

An ode to luxury natural fibers, textiles washed canvas for a velvet effect. Bast for kitchen jackets and even designed to outline stripes.

Innovative cotton, silk printed dress with a little fore nubuck, suede on the pants.

Hand-knitted polo shirts with seams net, oversized sweaters with designs Mediterranean.

Accessories

White, black and bright colors for a reinterpretation of the classic Gucci loafer spirit celebrating its 60th Birthday in 2013.

The protagonist proud of every outfit. A passion for oversized bags. From Baiadera, print cult sixties.

Alternating with canvas bag and weekend bag in black crocodile. A luxurious ambience enhanced by details such as leather bracelets and sunglasses with small lenses strikingdual.

Christie presents auctions with online wine sales

  NEW YORK (Reuters) - Christie, a global auction house, said on Monday that the launch of a number of online sales to collectors world rather than parallel to its traditional sales.

The online auctions, starting with the sale of rare wines, which was successful on-line component of the collection of Elizabeth Taylor, the $ 9.5 million and an online charity auction of hand bags Hermes followed, the $ 229,000 won.

"The success of these pilots, our customers around the world eager to comprehensive online sales only as a supplement to the regular schedule Christie traditional live auctions," said Steven P. Murphy, CEO of Christie International, said in a statement.

Selling wine online world includes exclusive '82 Lafite and Latour, magnums of champagne, port, aged beautifully, and the hard-to-source cult wines from California Harlan Estate and Screaming Eagle, the auction house 246-year-old said.

The 301 lots are estimated to sell for a total of over $ 750,000. Estimates for individual lots range from $ 200 to $ 35,000.

"As a class collection, the wine is good to a global platform for online auctions only suitable," said Scott Torrence, vice president and specialist in fine wines. "As a way of business, online sales are just a very natural progression gives our customers even more ways to build and expand their collections of fine and rare wines."

On-line invitations to tender for wines that can be accessed in an e-catalog starts, 6 August and ends two weeks later.

The judge said that Louis Vuitton make a joke about "Hangover" case

  Warner Bros. Entertainment Inc. focused on getting a few laughs in a scene in The Hangover: Part II, when one of the characters named after its designer luggage Bungle. But the scene does not enjoy luxury manufacturer Louis Vuitton SA, which hit the studio with a lawsuit for trademark infringement. Fortunately for Warner Bros., the judge was monitoring the case of the joke.

Louis Vuitton has sued Warner Bros. in December, arguing that the appearance of fraudulent travel LV bag in the film on its brands and customers do not confuse injured. On Friday, U.S. District Judge Andrew threw Carter Jr. of Manhattan from the suit, the site of the lawyers at Jenner & Block studio and finding that the use of the bags in the film is not commercial speech, the first ruggedized change. Andrew Jenner, Bart told us that the decision "correctly corresponds to the current state of trademark law" to protect the rights of the first amendment to Warner Brothers, which was "the overriding interest in the litigation."

Appropriately for the reader, The Hangover II, Judge Carter, the movie, nicknamed "bachelor party-gone-comedy wrong." The suite had reported some 580 million worldwide at the time of the complaint, making it the most successful R-rated comedy of all time and one of the top box-office draws of 2011. Louis Vuitton complaint arose from the early scene in the movie where a main character, Alan, played by Zach. Galifianakis, is seen sitting next to a fake Louis Vuitton bag travel if another player moves his pocket, the character Galifianakis responds by saying, "Be careful ... is Lewis is a Vuitton."

In the lengthy court dissection of a joke we have ever seen, Carter J. heavily on the importance of the mispronunciation of "Lewis Vuitton" the formation of character and action of removing kneaded. "Alan laconic reference to ..." [His] [c] areful "because her Vuitton bag is a Lewis appears to be a snob, just because the public does Louis Vuitton - in which the bag [the injury] seems to be confusing, with the luxury and lifestyle of high society, "wrote Judge Carter. Carter concluded that "it is ironic, because he can not correctly pronounce the brand name of one of his expensive goods, in addition to the image of Alan comical character as socially awkward and ill-informed." Both funny and

Bart Jenner confessed to us that the scene "packs a little more pressure when it comes comedy in the film."

We went to Theodore Max Sheppard, Mullin, Richter & Hampton, Louis Vuitton, which represented as a local agency in litigation with the lead counsel to Barack Ferrazzano Kirschbaum & Nagelberg. Max sent our request for comment to a spokesman for the company that is passed along the following statement by e-mail: "We are deeply from the decision of the Court We remain disappointed for the protection of our brand, and is in our vigilant efforts to prevent abuse and misleading. our brand for the benefit of our customers. "

Barack Ferrazzano Kirschbaum & Nagelberg had better luck in the prosecution of trademark applications of the company against another accused infringer, Hyundai. As we reported in April Manhattan U.S. District Judge P. Kevin Castel on summary judgment granted in two points from Louis Vuitton Trademark Dilution against the automaker. Hyundai had a second preview of a basketball-brown leather with a pattern that the Louis Vuitton Monogram collected in this ad on TV, which aired in 2010 during the Super Bowl after the game and much more included later in the Academy Awards.

Bart Jenner said on Monday that the biggest difference between the case and the case of Hyundai Hangover, that the automaker's announcement of the commercial was open, while the scenes of the film amounts to non-commercial speech creatively. Louis Vuitton has been criticized in recent months over its enforcement efforts on trademarks. The company uses a formal notice in February at the University of Pennsylvania Law School, an imitation of the style monogram Louis used V. 'S in a poster promoting a seminar in March on the right track.

Like all brands, says Beard, Louis Vuitton has to fight the "delicate balance" between in order to protect their brands and found to be aggressive. "It's a challenge to a lawyer in order to find the right balance," says Bart. "In both UPenn and the situation in our situation, they were on the line on this, and I think the case is an appeal by Hyundai a lot closer."

Police busy with reports of theft: Beachwood police blotter

  Beachwood

The display Cedar Road A Louis Vuitton shop assistant was chasing a man of the five belts Saks Fifth Avenue on 17th June stolen. The total value of the tapes is $ 2,990. The man escaped and probably belt.

Drunk Driving, HALBURTON ROAD: A Cleveland man, 22, was arrested 17th June for just under an hour in the morning after his car hit a parking sign, then wrapped around a tree. He survived and refused a test for intoxication.

The display Cedar Road: A woman was on the monitoring of Saks Fifth Avenue, 16th June camera stealing a Gucci handbag worth $ 1,679 prisoners. It was not removed.

The display Cedar Road: A Cleveland was a woman, 28, 16 June was arrested for attempting to steal, $ 166 million of makeup at Sephora.

The display Cedar Road: A shoplifter is almost up to the exit doors, but was stopped by a shop assistant and escorted to safety on 15 June The Cleveland man, 44, tries to steal $ 138 million of clothing.

THEFT, Fairmount Boulevard: A woman in the ring and cash were in his locker at the Beachwood Family Aquatic Center, 15th June stolen. The changing rooms are no security cameras.

Drinking and driving, Fairmount Boulevard: A man in Fairmount Temple on 15 June was shot and then arrested for drunk driving. The University Heights man, 34, blew 0.14, above the legal limit. He also decided to inform the police that he carried a knife and was arrested for it too.

VOL, East Park Drive: There were three flights a locker at Bally Total Fitness on 14th June. Credit was robbed by a man in his locker and $ 1,840 purchases were for his card charged later in the day, a second man had stolen cash in the amount of $ 200 from his locker, had a third man a $ 1,500 cash stolen from his wallet in his locker.

The display Cedar Road: Saks Fifth Avenue has had three scholarships to store stolen 13th June. An unknown woman walked with a Gucci handbag $ 1,059 and another woman stole two handbags from Louis Vuitton worth $ 6190th Display designer handbags seem to be of the exit doors tempting for thieves.

Intrusion, Chagrin Boulevard: Three adults and four youths were swimming in the pool in south DeVille apartment the night of the 13th Two adults were arrested in June, 18, lives in Shaker Heights, the other, 18, has lived in the village of Orange. Three young people live in Shaker Heights, 17, 16 and 16, and another, 16, lives in Bedford Heights.

The display Cedar Road: A woman was arrested by Bedford Heights, 18, for stealing $ 27.90 worth of clothing at H & M in Beachwood Place.

The display Cedar Road: A South Euclid became a man, 18, for stealing $ 771.50 arrested in clothes from Nordstrom.

Cheryl Dixon joined Antiquorum Chanel

  U.S. shows, the auction house Antiquorum has appointed Cheryl Dixon as its new Vice President of Marketing and Communications.

Dixon is now responsible for the design and implementation of all global efforts for marketing, branding and communications across the enterprise. It will be based at the headquarters of Antiquorum USA in New York.

She has 20 years experience working and consulting with companies around the iconic luxury, consumer products and professional services, and was last seen at Chanel, where she was managing director of communications.

At Chanel, Dixon built the department and was responsible for developing and implementing communications strategies in the short-and long-term business and brand by fashion brand of luxury watches and jewelry, perfumes and beauty products company.

Dixon also worked for Pepsi-Cola North America. In this position, she is also created and integrated communications and public relations plans for the portfolio of Pepsi-Cola North America brand implemented.

She was also editor of the magazine National Jeweler, for fashion shows and retail jewelry.

Evan Zimmermann, President and CEO of Antiquorum, said: "We are delighted that Cheryl has joined Antiquorum.

"His expertise in marketing support and communication between disciplines, luxury experience working with leading global brands and knowledge of the positions in the industry well and grow our business, deepen relationships with our customers, industry partners and the media and awareness of our brand. "

Chic Clicks: Rob Pattinson loves Gucci suits, can not keep a secret Kanye West Fashion

  Who knew Robert Pattinson was such a Fashionisto? The star loves it, 25 Gucci suits have their connections, select [style list]

Aussie designer Dion Lee is not a big deal that Kanye West shoes designed for his latest collection, but of course the West tweeted about a great thing [Fashionista]

-The secret of the pink glow moisturizer Amanda Seyfried is $ 13,000 Key Skin - totally affordable [Huffington Post]

-From Madewell at Maje: Alexa Chung is the new face of the brand contemporary French [WWD]

-Do you want to go to Fashion Week in New York? Here's your chance: it is enough to show off your summer wardrobe to win a trip to the Alice + Olivia presentation case [Polyvore]

Louis Vuitton case against Warner Bros. 'The Hangover II rejected "by Federal Judge

  If the fashion house Louis Vuitton to Warner Bros. was not in the bag after all.

A federal judge Friday threw French label continuation during a knockoff bag in a scene in the

2011 studio version uses "The Hangover. Part II," The design house, said the scene was 25 seconds

hurt his brand identity.

In the scene, told Zach Galifianakis, Ed Helms Alan Stu to be careful with your bags, because

"it's a Louis Vuitton," say the silent "s" in the name of the designer.

But Louis Vuitton did not find it funny, and stop a lawsuit in December last year, with its

millions of unspecified damages and injunctions to the further spread of the movie until the

scene is being processed. The fashion house as a bag used for the stage - made by the Chinese

company Diophy American - would confuse consumers.

U.S. District Court Judge Andrew Carter disagreed, saying that the claims are not against the

First Amendment, according to The Hollywood Reporter.

He then even better, the analysis of the humor of the film for the court.

"Laconian Note Alan Teddy '[his] attention" because their Vuitton bag is a Lewis appears to be a

snob just because the public does Louis Vuitton - in which the bag Diophy seems confusing - with

luxury and high society lifestyle, "Carter wrote in his decision.

"His comment is so funny because he's French incorrectly pronounce" Louis "as the English" Lewis,

"and ironically, because he can not correctly pronounce the brand name of one of their

characteristics expensive, also awkwardly to the image of Alan as a socially and ill-informed

comic book character. "

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of the summer's tribal fashion

  The sunny plains of Africa and pre-Columbian civilizations that seemed to be very much in the minds of designers looking for inspiration for this summer. Ethnic motifs, animal prints - big cat spots and stripes - as well as Safari Clothing marched the spring-summer 2012 womenswear ready-to-wear, from the numbers of smart cocktail chic sports wear day and evening dresses. Interior designers in Italy and abroad, also has the sly humor of tribal chic precious pearls, and the details of the bast player edge.

And the melting pot of ethnic inspirations embraced fashion jewelry, bags and shoes, which were heated Africana demanding moods and South American styles. The range was exotic, with warm colors and heavy, ivory, brown, orange, red, black and blue - clothing that flowed dominantly aggressive femininity and sexiness sunny. Bold animal prints have been in the middle with Florentine designer Roberto Cavalli enrich the brand sexy silk dresses with zebra pattern - which also featured the collections of foreign brands in the United States Michaeol Kors and Proenza Schouler. Large, life-sized zebra were matched with motifs symbolic of the designer, including a stunning gold dragon, both in the main collection and the line Just Cavalli Junior.

Animal patterns are also a trademark in which Frida Giannini at Gucci is an attractive case for stripes with gold in the ultra-chic jackets mixed.

Trussardi and Alberta Ferretti embraced the safari atmosphere - are a must this season with a feminine on shirts, skirts and khaki shorts and jackets net Safari. Alberta Ferretti presented a sensational combination of casual chic and feminine with valuable sets of mixing, for example, a khaki shirt with a brown skirt with hooks, clear detail.

The tribal atmosphere took a turn very modern at Bottega Veneta, where a collection of fat-rich crisp feel with a pre-Columbian patterns embellished luxurious summer dresses, including a number of beautiful pleated red with a white design and black.

And sunny, the trend in ethnic prints at Etro, where the bright colors of the season with a palette of pastel colors were mixed romantic translated. A trend that is looking forward to next season - with a drop-waisted dresses in bright colors Veronica Etro brand impressions contain inconsistent 1920 lines.

Exotic prevailed at Salvatore Ferragamo silk skirts and leopard robes and bold in vibrant colors. Massimiliano Giornetti offered animal prints in a palette of brown with ivory floral patterns in ruby, emerald and sapphire-blue, in an elegant collection of combinations.

And chic take on the ethnic fashion this summer has in the world of accessories, including collections of Santoni shoes, Missoni and Marni, who has translated his Clog Sandals brands revisited. Maliparmi and Bottega Veneta have a modern version of ethnic inspired prints in their collections of Fendi bags then presented a version of the beautiful woven raffia bag in honor of the bestselling Silvana Silvana Mangano.

Jewels, mainly in Africa was. The sophisticated, designed by Milan-based jewelery collection Michela Rosantica Panero presents a collection of tribal necklaces and bracelets inspired while Stroilli Oro, a brand more and more into fashion gold jewelry at affordable prices launched an original, ethnic-inspired line of bracelets, necklaces and even as tattoo pieces.

Pre-Columbian scene was the inspiration behind Blumarine beautiful accessories, highlighted by a unique chance to fringe pendant.

Last Louis Vuitton MUSE

 Models, movie stars and legends of Pop Idol, we heard from all that, but it seems to start some

developers, their inspiration to take elsewhere in these days that the boxing champion Muhammad

Ali as the new face was given by the known past Louis Vuitton.

The core values ​​campaign will appear in the media world to be photographed with a wide three-time

world champion Ali, as the latest muse of designer this week. Features sports stars next to CJ,

his grandson, four years in the country, while the infant is likely to follow in the footsteps of

his grandfather.



"Muhammad Ali is the epitome of an extraordinary personality, a living legend of boxing and

beyond," CEO and President of Louis Vuitton, Yves Carcelle, recently told Vogue. "We are honored

he has agreed to be photographed basic values ​​of the campaign and are pleased with the way this

beautiful portrait of the master and his grandson, the idea of ​​transfer, which is of great

significance Louis Vuitton."



Angelina Jolie, the star was last year Core Values ​​campaign, which was shot in Cambodia, where

she adopted her son Maddox, while other stars in the campaign included the Rolling Stone

guitarist Keith Richards and Ireland's own, and Bono wife Ali Hewson.

Louis Vuitton photo shoot with Muhammad Ali and CJ 4 years ... We wonder what to do when he grow

up!

Arrested th June in alleged shoplifting ring

  A shoplifting ring to end with the arrest of six people to steal several retail stores in Phoenix, Scottsdale and Tucson defendants organized, authorities said.

A series of robberies that on 24 April shops such as Louis Vuitton, Saks Fifth Avenue, Nordstrom Rack and Gucci started compensated $ 100,000 worth of stolen property, police said Scottsdale.

On Wednesday, detectives monitoring conducted Scottsdale Scottsdale Fashion Square Mall, where two suspects, Quinzale Laquwana Nero, 19, Virgil Nef, 30, entering and exiting seen the mall with 29 bags Michael Kors has been estimated value of more than $ 8,000, said the with police.

They then drove a Cadillac into an apartment in Glendale, where they have apparently abandoned the elements, police said. Later, a third suspect, Lamont Hennix Jr., 23, to hunt in the Cadillac and was arrested by police in Phoenix detained without incident.

Left behind in the apartment, a fourth suspect, Alberto Cortina Drique, 46 garbage bags full of stolen goods seen, police said. He was later arrested by police and arrested on suspicion of trafficking in stolen goods.

Nef was arrested in the apartment, there was Tanya Nef, 27 Renesia Shotna McCuin, 29, was arrested at a house in Phoenix, and Nero was arrested in a grocery store, police said.

Other stolen items were found in the apartment, police said, and Cadillac was seized, but had no additional evidence.

Authotiries Phoenix, Scottsdale and Pima County are continuing the investigation.

Chanel Iman replaced Anna Wintour at the track to win the event last night

  Anna Wintour hosted its second track to earn fundraiser last night in Chicago (she helped organize the first with Scarlett Johansson in theory store in New York in February). Unfortunately, injured supermodel Iman co-hosted last week his foot and was unable to do so. This gave Anna the replacement as comfortable as possible: The model Chanel Iman. Their names are kinda the same thing, and they are both tall, slim and beautiful, then who are experiencing different now? As Anna pointed out in his campaign speeches, Chanel is not yet old enough to have voted for Obama in the last election, but it contributed to his campaign anyway (true dedication!).

Earlier in his speech, tells Anna a story about how cute she had received a call from Matthew Barzun, National Finance Chair for the Obama campaign, and she assumed he wanted to talk about how serious the European policy, or something. . "I did all my homework, and I went to our lunch with a large file," she said, but then put out that he wanted to talk about animals - namely, the Bark Obama could sport clothing sell them to raise money for the campaign. Which of course they got Marc Jacobs and Thakoon to design, and soon they will sell like hotcakes, and probably help Obama much more than Wintour thoughts on Europe. (Or maybe not?)

You can read and see video of full speech of Anna here. Unfortunately, there is no video of Chanel Iman.

    I'm Anna Wintour, and I am delighted to be here. Before my comments, I just want you to tell a little story, something happened to me earlier this year. I was in Washington for a meeting, then I got a call ... asked if I wanted to meet Ambassador Matthew Barzun, National Finance Chairman of the Campaign for the [Obama]. And I have never met the ambassador had the right, so I thought, Oh, I'm sure he wants me to talk about what people say in New York in the campaign or to listen to what I will do in terms of fundraising or my views on Europe. And I did all my homework, and I went to our lunch with a large file, and he sat down and said, "I want to talk about animals .. Animals for Obama," He said: "I was so of what the design community has done for the campaign impressed, I really think that they now have a collection of animals. " I then returned to New York and convinced Marc Jacobs to bark for Obama [held her a stuffed dog wearing a sweater as the crowd cheered Obama] and Thakoon a leash and collar fantastic. So if you have not bought one today evening, please. That was my first meeting with the ambassador.

    But seriously, I am pleased to be here to support President Barack Obama. I have my regrets to the co-chair of the Iman sent. Unfortunately, she injured her foot last week and was not able to be here. But I'm so happy to be here with Chanel Iman, and I am delighted that we Mellody Hobson, a longtime friend and supporter of President, this evening with us. Mellody, thank you for tonight, and for everything you do.

    We have to change this way back in 2008 with the track, and four years later, change is exactly what we saw. Thank you to our President, America is a place, a fairer, healthier and live-tolerant. But there is still much more to do. In the spirit of the world we live in now are happy, all of us, including the fashion industry in order to do their part contribute their part to protect the progress we have made until now. And what's better than doing the industry of fashion, because we love so changed.

    Shortly after we win the track in New York, launched, we opened the track in order to win the design challenge. Since then, hundreds of Americans have a lot of excellent innovative and dynamic design. In a few weeks we will be the winners and their winning designs will be joining the collection on the track, in addition to the already best-selling designs of some of the best designers in America. Eight of these designers are here tonight. Thank you all for your hard work and dedication of the President. I would also like Lauren Tory Burch Silvano, who win their way to the legendary pop-up shop designed and tied my scarf today thank evening. Thank you!

    And perhaps I should mention that the huge public interest in this challenge is enlightening to hear how much fashion for many people from all walks of life. There is also a global company with $ 20 billion to the economy, and employs 4 million people. We are very happy to have a President and First Lady are so low for our industry.

    And now I am very pleased to present Chanel Iman. And I must say, I'm very proud of the achievements of Chanel since we him on the cover of Vogue back in May 2007. At 17, even before they could vote, Chanel has our fundraising efforts for Obama has supported in 2008. In just one term, they grew into a confident young woman lit and well rounded. Chanel is with USAID and the campaign of the Council of the TA to raise awareness about the devastating famine, war and drought in the Horn of Africa is aligned. She is an inspiration to so many young Americans that help given to the President of our country to move forward.

Five sports inspired summer 2012 men's fragrances, Chanel, Thierry Mugler, Hugo Boss offers scents of

 Place with major sporting events, including the Euro football tournament and the Olympic Games this

summer, houses and fragrance brands with sports have disappeared, creating perfumes for men who

participate in it or just want to watch.

Here are five men's perfumes for summer time sport and Father's Day.

A * Men Pure Shot - Thierry Mugler

For spring-summer 2012 the new fragrance for men by Thierry Mugler makes a direct reference to the world

of sports with the South African runner Oscar Pistorius in the campaign. A * Men Pure surplus notes of

fresh mint and juniper has icy, with a hint of white pepper, redwood, patchouli and cardamom. The Eau de

Toilette comes in a spray bottle with 100 ml (prices from $ 89.41).

Allure Homme Sport Extreme - Chanel

One of the signature fragrance for men women Chanel Allure Homme Sport is a flanker to the Far water for

the summer. The essential thing was developed by nose Jacques Polge, is true to its name, the power

transmission and strength. The fragrance blends mint, tangerine from Sicily and cypress bark Moroccan

agreements with sage, white musk, tonka bean, cedar, sandalwood and a hint of white pepper Madagascar.

Danny Fuller surfers in the campaign, the toilet water in spray bottles of 50 ml (from $ 76) and 100ml

(from $ 106).

The Sport One - Dolce & Gabbana

The Italian brand Dolce & Gabbana has taken account of the sports-inspired fragrances for men new

children. A sports opens accented with hints of rosemary and salt sea water, with extracts of redwood and

cardamom. The base has musk and patchouli. Available in Eau de Toilette is gasoline prices start at $ 73

(50 ml spray).

Boss Bottled. SPORTS - Hugo Boss

Hugo Boss started his line of athletic flanker Boss Bottled. Simply called BOSS bottled. SPORT, the scent

of men whose campaign with Formula 1 driver Jenson Button gives puffs of grapefruit, pink pepper, yuzu and

accented with extracts of lavender and cardamom. The mixture is interrupted by vetiver, tonka bean and

patchouli. The Cologne starting at $ 65 (50 ml spray).

Dior Homme Sport - Dior

Dior new fragrance for men by Dior Homme Dior Homme Sport follows the legendary perfume house. The spicy

woody fragrance is based on the Tanzanian ginger and Virginia cedar, with hints of iris. Dior Homme Sport

Eau de Toilette is set at $ 66 (50 ml spray).

online Gucci bamboo bag in India for the autumn / winter made

  After the success of the special edition bags in 2010 and 2011, Gucci is pleased to announce an exclusive selection of bags frm the classic line from Emily and "One of a Kind" New Bamboo introduce pockets of India, available exclusively from four of the house of business in Mumbai and New Delhi. The collection consists of bags of clothes extraordinary day in the style of the legendary brand Gucci exceptional craftsmanship and quality.

There are five new bags bamboo as part of this exclusive collection and is available in three exclusive leather including crocodile with gold glitter, gold medal Diamante lace pattern on black leather and an elegant pastel pink. Light pink version is available in three sizes. Created in 1947, the New Bamboo is a creation of Gucci handbag is the most popular and successful.

These bags are elegant, with fringes, tassels and bamboo furnishings are bamboo closure. The internal organization is making a purse and zippered pockets and iconicity sober details of this iconic bamboo bag. Each of these bags are "one-of-a-kind" and is an embossed Indian Day Exclusive "feature on the mirror housing.

Emily bags in three sizes, cocktail version, a large version, which is perfect for a day and doubles as a cocktail bag, a tote and come. The bag is available in champagne cocktail, the most spacious in the daywear, cocktail bag comes in beige leather with perforated diamond pattern in gold and the dead in a bunch of wheat. The bags are elegant chain strap and an iconic horsebit detail on front flap. Each of these bags have a metal plate India Exclusive "on the inside.

This new limited edition collection will be in Mumbai and New Delhi in September 2012.

Gucci

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Louis Vuitton collaborate with the artist Yayoi Kusama: First Look!

  Japanese artist Yayoi Kusama is one of the countries exporting the most influential art of our time. Recognisable by the artist 82 years old patterns of recurrent points in semi-abstract paintings, sculptures, photography and performance art were recently exhibited in an exhibition at the Tate Modern in London. It has not escaped us that French fashion house Louis Vuitton is supporting this exhibition, so we of course respect that!

And today's news reaches us that the label is headed by Marc Jacobs Engineering worked with a collection of Kusama, "Infinitely Kusama." Jacobs has continually impressed us with his marriage proactive worlds of art and fashion. Stephen Sprouse graffiti print collection bags were already in 2008, surprised Grayson Perry mega-boot us last year in the House of Bond Street, at the same time that the fashion house rather sponsored kindly, what is love Tracy Emin you want solo exhibition in London . Phew, what group they grow up! Marc commented on the cooperation and said, "The obsessive nature and the innocence of his work has touched me. She managed to share his belief with us."

Now we have our hands on pictures of this new project, and they are exactly what we expected: young, not into kitsch, fun, loyal signature pattern Kusama and surprisingly mobile Ready-to-wear and handbags hand. In fact, we want to get our greedy mitts on the follow up everyone!

British Airways has announced the sale of luxury

  Crawley, England 7 June 2012 / PRNewswire / - British Airways announced that its forthcoming sale of luxury offers massive savings on holiday bookings between 7 June 14, 2012 made. Theft and sale of luxury holiday offers savings of up to 60% in first and business class and vacation packages based on various departures from 21 July 2012.

With a choice of over 90 destinations worldwide in the sale, customers can save up to 64% percent to enjoy business class flights to Montreal and Toronto, and up to 50 percent on flights to Rio de Janeiro and Los Angeles. Savings of up to 38 percent on flights to London City to Palma de Mallorca and Menorca in the Balearic Islands and up to 33 percent on business class flights to Barbados, St. Kitts will be found and Tobago in the Caribbean. Great value holiday clubs are also available, even on holidays to St Lucia Marigot Bay 5-star hotel, member of Leading Small Hotels of the World. For the ultimate in luxury British Airways offer up to 50 percent stay in New York, including visits to the famous 5-star Waldorf Astoria in New York.

A little further, the customer can save up to 25 percent on business class flights to Buenos Aires and to 20 percent of business-class flights to Hong Kong. The sale also includes luxury travel to Dubai, where world-class projects home to excellent restaurants, spas and beautiful huge shopping centers. British Airways offers great deals on beach resorts, including the 5-star Atlantis, The Palm. All British Airways to Dubai hotels offer excellent facilities, excellent service and luxurious rooms, perfect for a luxury holiday.

Now is a good time to Europe, where customers can benefit from rising pound against the euro, visit and it is up to 48 percent on business class flights. Packages are included in all of Europe, including beach days in Mallorca, Barcelona holiday and city break in Prague. Fly-drive holidays are also included for destinations such as Nice, Pisa and Larnaca.

For the ultimate in luxury, enjoy the exclusivity and privacy of British Airways First Class cabin relaunches after a £ 100 million investment, which was implemented last year. Guests can save up to 70 percent enjoy first-class flights to Vancouver, 60 percent of first-class flights to Seattle and Phoenix, and 50 percent to first-class flights in Bangkok.

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fashion catalog in Brazil used the Seychelles as a backdrop for photo shoot

 "Your country is a paradise (I have no words to describe how great this place is) and I can assure you MOB catalog was the fashion in 2013 is by far the largest catalog wonder they never product. ROI Seychelles Tourism Board and its partners will get from this activity is simply amazing! The good news is that MOB has just confirmed that, in addition to all its regular marketing and advertising activities, they are a massive advertising campaign (Film / TV) to their upcoming promote Catalog (Seychelles) have "Gisele wrote Abrahão, Brazil officer who shot responsible for organizing the photo recently in Brazil in the Seychelles from the crowd was.

Alain St.Ange, the Seychelles Minister of Tourism and Culture, and Elsia Grand Court, the CEO of the Seychelles Tourism Board, welcomed the delegation MOB fashion shoot for a dinner at Chez Batista Creole, the restaurant with the natural environment with a "foot in the sand "experience.

"We are pleased with this photo shoot MOB thrilled. She chose the Seychelles, and they left happy. The weather was at its best, the Seychelles Hospitality them impressed with the crisp and clear turquoise blue seas took their breath, and the white sand beaches and very clean sand was the icing on the cake for them. We now know that the ROI will be great, and it is expected that I personally travel to Brazil in August by the Director General of Tourism for the launch of its magazine, on the Seychelles was shot. This trip is a workshop with tourism campaign in the bi-center, where we also coincide organize press conferences, etc. are based, "said Minister St.Ange.

MOB is the well-known and respected brand in the fashion of women in Brazil. For over fifteen years, under the direction of MOB Angelo Campos, Marcelo Dib, two have been very influential in the Brazilian fashion industry.
Today the company owns 21 (21) stores in São Paulo, has seven (7) franchise offices in other cities of Brazil (Campinas, Belo Horizonte, Brasilia, Florianopolis, Goiânia, and Porto Alegre), in faster delivery times and 4 representative offices, responsible for the distribution of its products in more than 400 (400) stores in the country.

MOB consumers have a bold attitude, are very well informed, independent, and global trends. They are brand loyal, very rich, and clearly enjoying all the good things in life (fashion, travel, cooking, culture and leisure). They are usually the upper class in Brazil (A & B) and are aged 25 to 45 years.

Each year, launched two major campaigns MOB - Summer and Winter catalog. MOB reputation and influence in the fashion industry is becoming more of the incredible media coverage received all of their spontaneous campaigns in Brazil highlighted.
MOB campaigns are innovative, bold, and always with the participation of the best professionals in the fashion industry, such as Jacques Dequeker, one of the best and most famous fashion photographers, including Brazil.

Past Campaigns MOB - Summer 2012 and Winter 2012 - took place in Barbados and Denmark respectively, in cooperation with the tourist offices, hotels, receptive, and restaurants of the two destinations.

MOB catalog has proven to be a very effective marketing tool to promote effective and Barbados and Denmark as a major tourist destination of your choice on the Brazilian market, again with an unusual approach and incredibly influential. "The language of fashion," the

For MOB to secure or eliminate the outstanding results of their recent campaigns, has selected MOB Seychelles islands to the destination shown in the next summer 2013 fashion catalog. They worked on their photo shoot in the Seychelles on 21 May to 26 May 2012.

Why are the Seychelles?

Besides its natural beauty, friendly people, unique cuisine, and incredible charm of its landscapes, think that this group we very elegant and sophisticated island fits perfectly into the image and reputation of the MOB market.

As mentioned earlier, widely recognized and rewarded MOB a trademark in Brazil, their shops are always in the best locations, their clothes of excellent quality, and most importantly, their customers, without much doubt, potential travelers to Seychelles.

Is Johnny Depp still with Vanessa Paradis or seeing Amber Heard?

 Among the more complicated celebrity relationships may be the one involving Johnny Depp and longtime love Vanessa Paradis.

In the wake of reports the “Dark Shadows” star and the French singer had split after 14 years and two children, the couple put out the word they are not kaput, even though they have not been seen together in public for more than a year.

There were indications that a fling between Depp and his “The Rum Diary” co-star
Amber Heard may have led Paradis to pull the plug, but that was denied by them, even as “Diary” insiders claim it was true.Making it all even more complicated: Heard recently admitted she is bisexual and is involved with artist and photographer

Tasya van Ree.

Yet, there also have been recent sightings of Heard and Depp — though the privacy-obsessed Depp has been able to avoid being photographed with Heard, at least so far.

NEW DIRECTIONS: After making three films in Europe, Woody Allen returns stateside this summer, filming with Cate Blanchett, Alec Baldwin and comedian Louis C.K. in New York and San Francisco, where he made his directorial debut with “Take the Money and Run” in 1969. … I’m hearing Dem biggies are telling President Obama to avoid too many future celeb-centric fund-raisers like the one next week hosted by Sarah Jessica Parker. “That ‘Mr. Hollywood’ label only gives the Republicans ammunition to attack him as a limousine liberal,” said a longtime Obama supporter.

BOOK BEAT: Financial guru Mellody Hobson hosted a group of pals Monday to toast ex-ABC News prez David Westin’s new Exit Strategy book — highlighting his decade-long run at ABC, shepherding such unforgettable stories as the death of Princess Diana, the “tied” 2000 presidential election and 9/11. Among those on hand for the Arts Club fete were Margot Pritzker, Bill Bartholomay, Peter Bynoe, Linda Johnson Rice and news pros Cheryl Burton, Linda Yu and Dorothy Tucker.

† For his annual “Early Birds & Bookworms” breakfast at RL — supporting the Jane Addams Senior Caucus — Bunky Cushing brought in New York socialite, animal activist and author Cornelia Guest, who charmed the SRO group of Chicago’s Very Visibles on Tuesday while boosting her Simple Pleasures book about “cruelty free” vegan cooking and entertaining. When the lifelong vegetarian and animal lover listed a number of her pets over the years, a mention of “my donkey Madonna” brought a few chuckles. “Duly noted she didn’t call her an ass,” quipped one wag.

STAR POWER: As usual, Jeremy Piven will be back home June 23 to attend the annual fund-raiser for his family’s Piven Theatre Workshop — joined at the Noyes Cultural Center event in Evanston by the Bears’ Charles Tillman and Lance Briggs.

† Speaking of Tillman, the NFL pro hosts his “Celebrity Pro BOWLer Tournament” Thursday at the Kings Lanes Lounge & Sports — joined by a big bunch of supportive teammates raising funds for kids’ health issues.

CORRECTION: While filmmaker Alexander Payne will be in Chicago on both June 16 and 23 (as reported here yesterday), his participation in the kickoff of the Greek Film Fest happens June 23.

Bill Zwecker reports on “Good Day Chicago” and “Fox Chicago News at 9” on WFLD-Channel 32.

Philippine Fashion Week Holiday 2012 American models and death stalk the runway

 With gowns fit for princesses, it was only fitting that the set was just as grand. Set in a forest-like world, models clad in baby blue gowns acted as princesses seemingly lost and afraid of an imaginary evil step-mother.

Lace dominated the collection, but the designer kept the cuts classic and the lines simple. A number of pieces flaunted a woman’s body, showing a peek of skin here and there through the sheer lace.

A highlight of the show was the surprise appearance by America’s Next Top Model’s Alison Harvard and Dominique Reighard, the designer’s muses.

Just as grand as the show was Mr. Cinco’s entrance which began with a handful of handsome men in Bench skivvies, and ended with a bow from the designer surrounded by the half-naked male models.

The show also served to launch his perfume, Impalpable, with Bench, with Ms. Harvard as the face of the eau de toilette

Deathly clothing


The final how of Philippine Fashion Week featured Jerome Salaya Ang’s attempts to capture grim representations of death.

A video introducing his line -- Skin, Sin & Bones -- set the mood for the collection, which, even though the designer found inspirations from the grave, was fortunately not at all morbid.

On the runway were structured pieces with Victorian knots and chains, and pieces with asymmetrical cuts softened by feminine drapes and ruffles.

Aside from the natural inclination to use black as a symbol of death, there were also browns and nudes, reds and purples, as well as muted grays and champagne. The designer also played with digitally printed fabrics, which gave the pieces more depth.

Using silk, organdy, chiffon and tulle, the clothes looked full of life with their volume, bounce and depth.

The new muse of L’Oreal, Congresswoman Lucy Torres-Gomez, is also Mr. Ang’s muse. Seemingly out of place, Ms. Torres-Gomez did the final walk down the runway but did not seem to fit the designer’s concept. -- Camille Erika R. Sarte

EFG-Hermes rejects $1.1bn offer in favour of venture with QInvest

  EFG-Hermes Holding, the biggest publicly traded Arab investment bank, rejected a $1.1bn bid from an Egyptian company backed by billionaire Naguib Sawiris in favour of a venture with Qatar’s QInvest.
Planet IB Ltd’s 13.5 Egyptian pounds-a-share offer lacked details on the “financing resources” as well as information about the investors, Cairo-based EFG-Hermes said yesterday. The bid is 23% more than the stock’s May 31 close.
EFG-Hermes, which operates in countries including Egypt, Saudi Arabia and the UAE, would extend its reach to Turkey and as far as Southeast Asia through the venture. Planet IB chief executive officer Ahmed El Houssieny may pursue a hostile takeover of EFG if management refuses to allow it to conduct due diligence.
“I will not shy away from Egypt’s first hostile takeover,” El Houssieny said on Saturday in a statement to Bloomberg. “I have done Egypt’s first corporate bond issuance, Egypt’s first leveraged buyout, Egypt’s first securitisation transaction.”
EFG-Hermes shareholders voted on Saturday in favor of an agreement that will give QInvest, a unit of Qatar Islamic Bank, 60% of the venture, which will exclude EFG-Hermes’s private-equity business and its stake in Lebanese commercial bank Credit Libanais. Investors will receive a one-time cash dividend of about 4 pounds a share, the bank said yesterday.
EFG-Hermes will have the right to sell its 40% stake to QInvest in the 12 months to 36 months from signing of the transaction at a price of 1bn pounds ($165mn), it said May 8. QInvest also retains the right to buy its partner’s stake in the same period at the higher price of $165mn or the “fair market value at the time of the exercise, subject to a cap.”
QInvest has said it will invest $250mn in the venture. The units being transferred into the venture with QInvest were valued at 700.5mn pounds by accounting firm Grant Thornton, EFG-Hermes said May 30.
“As shareholders we are getting a great valuation of the investment banking franchise,” said Rami Sidani, the Dubai-based head of Middle East and North Africa investments at Schroder Investment Management, which owns EFG-Hermes shares. The agreement on the remaining 40% stake in the joint venture will help shareholders “capture part of the upside,” he said, should investment banking activities in Egypt rebound from a slump that followed last year’s uprising.
EFG-Hermes said Planet IB’s offer didn’t provide a commitment that a bid will be presented after due diligence. Shareholders present at Saturday’s vote included Dubai Financial Group and the Abu Dhabi Investment Authority, the emirate’s sovereign wealth fund, it said.
Planet IB is “offering a hefty premium over the current market prices, which again as shareholders we will be willing to look at,” Sidani said. “However, unfortunately the deal remains quite ambiguous and we still don’t have full certainty whether the funds are available for a potential bid.”
Planet IB said on May 31 it secured $650mn in debt and “substantial equity commitments” from domestic, regional and international investors, including a member of the ruling family of Sharjah. El Houssieny, former managing director at Cairo-based private-equity firm Citadel Capital SAE, said the offer hinged on EFG-Hermes’s management allowing his company to conduct due diligence.
“If EFG-Hermes is serious about entertaining a tender offer from Planet IB, it must immediately postpone the execution of the alternative transaction,” Planet IB said in Saturday’s statement.
The agreement with QInvest requires regulatory approval. Ashraf El Sharkawy, chairman of the Egyptian Financial Supervisory Authority, wasn’t available for comment when contacted by Bloomberg News in Cairo yesterday.
EFG-Hermes’ co-chief executive officers were referred to trial in Egypt May 30, charged with illicit gains related to the 2007 sale of El Watany Bank of Egypt. EFG-Hermes has denied the charges, which centred on the lack of disclosure of trading activities and involved seven others including Alaa and Gamal Mubarak, the sons of former president Hosni Mubarak.