On rainy days, the GUM mall on Moscow’s Red Square swarms with tourists. Unfortunately for GUM, the hordes seeking shelter tend to do more looking than buying, in large part because the big-brand fashions there cost about 50 percent more than they do in Paris or London.
Domenico Dolce and Stefano Gabbana, the Italian designers convicted of tax evasion, ruled out a public sale of a stake in their namesake fashion company, while leaving open the possibility of bringing in private investors.
Chanel designer Karl Lagerfeld, with his shock of white hair, black glasses and leather gloves, will be the center of attention in Paris next Tuesday when he debuts the luxury-goods company’s latest ready-to-wear collection during the city’s Fashion Week.
Hollywood-backed legislation to fight online piracy, shelved this year after an Internet protest led by Google Inc. and Wikipedia, is “dead,” said the head of the trade group for the largest movie studios.
A couple of months ago, around the time Greece passed new austerity measures to ward off economic catastrophe, Nicholas Papandreou , the very tall brother of Greece’s Prime Minister, George Papandreou , was riding the Metro in Athens. The Papandreous, now in the third generation of a Socialist political dynasty, live in rented houses, drive Priuses, and, apparently, take the subway, even during times of extraordinary anger toward the government.
Dolce & Gabbana will shut all 18 D&G brand stores, which target younger consumers, in Japan by January, Nikkei English News said, without citing anyone. The company also operates 16 high-end Dolce & Gabbana stores in the country, the report said.