Fashion Collection Mandela to launch in the U.S.

JOHANNESBURG (AP) - chinos with a blueprint for African and floor-length dresses in bright green and gold were lined some clothes on, when the display mode 46664, a label of Nelson Mandela inspired her latest collection presented to an international launch in July. Said, "What do we try to take to South Africa and Africa in the global market," Chris Vogelpoel, designer men Friday. With the 18th July will be to buy the customers in the United States and Canada in a position, shirts, pants and dresses with an African touch. Blazer with a map of Africa in the lining or T-shirts with collars that come to reveal the iconic number 46664, after the number Mandela in prison on Robben Iceland named. The start date is with the 94th Anniversary of the anti-apartheid icon together. The current collection was inspired by Nelson Mandela's love for writing. The designers were from a photo of Mandela on Robben Iceland in 1977 cells, which was packed with inspiring books. "The whole message of support to 46 664 and to receive his legacy," said Vogelpoel. The message could not on T-shirts with the word "dignity" is printed, or to find the icon open palm, placed discreetly on the garment, is concerned with Nelson Mandela's message synonym: it is in your hands to make a difference . Seven percent of global investment by the fire brand in projects supervised by the office of Nelson Mandela, including a campaign for the opening of three container libraries in disadvantaged communities throughout South Africa, said Vogelpoel generated. The clothing range is initially available online, but should be in stores in February 2013. The label hopes to expand even further year for other countries, including Angola, Mozambique, Portugal and Brazil.

Blake Stuns animated leap Gucci dress premiere "wilderness"

The blonde bombshell never dissapoints with her red carpet fashion. They appear again at the premiere of his latest film in a beautiful yellow dress - I am convinced that it is impossible for them to always look bad! Blake Lively is the envy of many women, but how could they not? Beauty is at SVA Theater for the New York premiere of his new Indian movies on Jun.27, where she in a dress that has brought her wealth disclosed in full screen mode enthusiastic. The new face of Gucci perfume first wife was a very worthy halter excellent Gucci, which plunged into a deep-v. The ensemble was strong with turquoise jewelry that really a compliment accessorized her bright yellow dress. Blake famous tresses were pulled back into a braid and fishtail as usual make-up was kept simple and fresh. Although I dress sexy, (it's Blake!) Love, it seemed like they tried to dress down with the bracelets and the braid. I think she should have insisted on the straps and keep the focus on the dress, but other than that it was really nice. Blake looks super stylish and perfect for summer. Do you like her look so much like we do?

trainers, Louis Vuitton and Michael Kors handbags myhotelectronics.com

  My Hot Electronics announced on Tuesday that the company would operate a wide range of Coach handbags and accessories by Louis Vuitton. Coach and Louis Vuitton are two of the biggest names when it comes handbags around the world.

Detroit, Michigan (PRWEB) 27 June 2012

My pursuit of its brand extension Electronics announced today that effective immediately the company will begin executing top-of-the-line, authentic coach, myhotelectronics.com "> Louis Vuitton, and myhotelectronics. Com"> Michael Kors handbags and accessories.

The three companies are known worldwide as a leading manufacturer of handbags and purses for their excellent workmanship and attention to detail and authenticity.

The shop also offers products from Gucci, Juicy Couture, Vera Bradley and many other large companies.


About My Hot electronics -

My Hot Electronics is a leading online e-commerce electronics, ranging from tablets, PCs and digital cameras, video games, DVD, Blu-ray discs, appliances, lawn and garden more. The company began its initial expansion into clothing and jewelry recently and will continue to grow in the coming months.

Get the | Louis Vuitton Orangerie des Tuileries pin

  Louis Vuitton celebrates all things French, shortly before the National Day (July 14), the opening of the first fine jewelry and watch store on the 3rd July at the famed Place Vendome in Paris. The Place de la Concorde, the Champs Elysees and the Tuileries: On this occasion, has designed Lorenz Bäumer, the artistic director of fine jewelry for Vuitton, three new collections of three of the city's most important places of light, inspired. Here is the Orangerie des Tuileries pen has two flowers LV raise almost synonymous with the logo, we made tsavorite and diamonds and more with a blue gemstone tanzanite in the center.

Louis Vuitton Orangerie des Tuileries price brooch, on request, available from the jeweler (23 Place Vendome) 3 July. For louisvuitton.com.

Gucci promises a colorful Mediterranean summer '13

 What is the creative director Frida Giannini at Gucci brought a lot of spicy Mediterranean has.

It was not an easy task to follow in the footsteps of the American superstar Tom Ford, has transformed the once-staid company become one of the hottest labels in fashion, before he in 2004.

But the Rome-born Giannini decided to see how his own way, and that was thrown somewhere between "La Dolce Vita" and the edge of the Mediterranean, with a bit of Anglo-American rock in for exacerbations abroad.

The result was a huge success. And his latest collection of menswear for summer 2013, presented Monday is no exception.

In the Notes shows, Giannini speaks of his desire to use color to evoke strong this summer, adding that the new collection of Gucci men allowed "to discover its new Mediterranean chic."

Gucci summer palette is a burst of energy from the Mediterranean blue and green to turquoise, terra cotta, raspberry, orange, lemon and pistachio. These bright colors may be used for a suit, a pair of pants or a sweater. If they are mixed together to create happy feelings for shirts and pants made of silk.

The new Gucci cotton jersey jacket is fitted around the waist and double row, the effect of thin 1960 "Dolce Vita" Playboys favors creating. The pants are classic, but on the lean side. Loosely knit sweater Net polo shirts sewn and printed scarf to add casual chic. Impervious summer a popular view of the current title of Milan, also in bright colors.

The latest Gucci bag is spacious and colorful. Styles range from the pocket shoulder bag in croc-weekend.

The leitmotif of the collection in hot weather, this is the classic Gucci loafer. In white, black or colored, worn without socks strictly accessorized it with any outfit in the show.

Spotlight on Fashion weekend of delights

  Twelve women primping in Queenstown today, cleaning and preparing the results of three months of hard work show, strutting their stuff on stage at the Queenstown Memorial Hall for the Fashion Challenge.

     Queenstown Winter Festival

The event, part of the Queenstown Winter Festival, was three months in preparation, with the women hit the gym today and following a strict nutrition program before the evening of the event. The challenge mode celebrate the women in the Wakatipu and all they have done.

The activity of the festival is now a welcome break for those who want to offer burnt the night on the weekend to attend, or watch the 23 events have been staged since Friday afternoon.

Festival director Simon Green said he was pleased with this first weekend, despite some minor problems caused by weather in the early hours of Friday.

"[Saturday] we had a few swimmers who shot at the parade, which was a shame. We were all very hopeful that the rain would subside in time, what he did," Mr. Green said.

The rain forced the postponement biking on snow at Coronet Peak and the Birdman competition - both took place yesterday.

"We are all on the right track."

A huge crowd around Lake Wakatipu yesterday afternoon gathered to participate in the action on the coast and water, to make use jets prints, the Splash Money and Undy 500 included.

"Some of the viewers are more involved [yesterday] that they thought, because we took them out of the crowd in the Undy 500 and take the cash to splash.

"It was a nice, big crowd, there [yesterday] was probably the same if not even more than last year, which is not bad if you were open to the mountains."

The organizers of the festival is Skifield by the fact that meteorologist said yesterday that it supported "significant" snowfall on the local fields in the next two days.

Rain closed Coronet Peak on Saturday, but 10cm-15cm snow on Saturday night meant the area could be re-opened yesterday.

NBC "Fashion Star" auditions in Los Angeles will start on 30 June

 The NBC series offers designers a chance to win a contract worth several million dollars to win to start their own collections with Macy's, Saks Fifth Avenue and H & M.

Kara Laricks won the first season of the show by printing Judge Jessica Simpson, Nicole Richie and John Varatos and win more bids $ 6 million collection from the three retailers. His dresses are available in the stories.
The locations of the casting calls include:
30th June-16 -10 Clock Clock - FIDM - Fashion Institute of Design & Merchandising, 919 S. Grand Avenue, Los Angeles, California
July 14 to 10 clock 16 hours - TRYP Times Square, 345 W 35th Street, New York, NY
15th July - Noon-5: 12.00 - Macy, NorthPark Center, 8687 North Central Expressway, Dallas, Texas.
July 21 to 10-heures 16 hours - Perimeter Mall Macy, 4300 Ashford Dunwoody Rd, Atlanta, GA.
July from 21 10 am-4 pm - Macy's - Union Square, 170 O'Farrell Street, San Francisco, California
22nd July - Noon-5: 12.00 - Macy's, 111 N. State Street, Chicago, Illinois
July 28 to 10 Clock - 04.00 clock - Downtown Macy, 22 E. Flagler Street, Miami, Florida

All times are local times.

Additional Information open tender, including the one what to bring, and how to audition is available

busy day! I thank God for Yoga and Meditation

  A morning meeting at Bunim Murray and Fred Segal lunch and shopping with Scott .... Scott was then seen to check out the new branch of the dash and on the progress. Just happened to be Ken Baker, E! A new secret visit to the workshop of the dashboard. Then a doctor and Quick Stop at Gucci. Scott and I heard it on the market to get food to preparing a taco salad for Kendall and Kylie at home. Phew, the day! Although officially exhausted! Thank you God for yoga and meditation.

To rob men and women shop El Paseo in Palm Desert

  Palm Desert - A man and a woman came with goods of the Louis Vuitton boutique on El Paseo in Palm Desert, on Tuesday, the spokesman said Riverside County sheriff.

The pair robbed the store moved to 73-515 El Paseo 01.15 clock ET on the woman an employee before the expiry of a waiting vehicle, said Deputy Angel Ramos.

No weapon was seen during the flight, and no one was injured when the other employees has grown, very minor injuries, he said.

The suspect was described as 5 feet 5 inches tall, in his 30s and a weight of 250 pounds. The male suspect was described as about 6 feet tall, in his 30s, with braided hair and 180 pounds.

They are accused suspects in a white vehicle.

Deputies remained in the store in the Gardens on El Paseo for a while in search of the area shortly before 14.00 clock, said Ramos.

An employee offsite at the telephone number for the store in Palm Desert, said on Tuesday afternoon listed reach, he thought that the store was closed and there was no was available to comment.

Mode : Debbie Reynolds, Warren Beatty celebrate Beverly Hills Hotel

  Jeffrey Katzenberg of DreamWorks, named chief executive at the Beverly Hills Hotel and

Bungalows "the center of the universe," as he welcomed guests, the hotel 100th Birthday on

Saturday. Katzenberg with Warren Beatty and director of the co-organizing Mody Ed Hotel, and Mary

J. Blige performed by a champagne reception and dinner. The celebration of an evening of fun was

preceded on Friday. Customers who stop by throughout the weekend included Debbie Reynolds, Donald

Faison Frances Fisher, Brad Garrett, Kristen Bell, Dax Shepard, Karina Smirnoff, Mena Suvari and

many more. [Company News LA]

Under the leadership of Chief Vogue Anna Wintour, last week a $ 40,000 a plate fundraiser for the

campaign of President Obama in the house of Sarah Jessica Parker, deeply about the future of the

country, interest in politics around the world and possibly to the way to the actor's political

power, the New York Times reported his. [NYT]

After fear of gold in recent years due to a spike in price jewelers to bring back the golden

yellow as masterpieces in their collections. [WWD] (subscription required).

The House of Schiaparelli revived Schiavone named Camille, formerly of L'Oreal, as its new chief

executive. [WWD] (subscription required).

The July issue of W has two different covers, one with Joan Smalls Karlie Kloss and the other by

making them both "the new face of fashion." [The Cut]

  Leandra Medine, aka the Man Repeller, were married last week, wearing a dress off the rack,

awning and possibly blinded platform sneakers. At least she has a photo Instagrammed of sports

shoes and told them to wear them. [Racked]

Louis Vuitton bags with a unique taste and noble grace

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Hermes Outlet: Styllist in General bags with the dead

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Patchogue, Selden close to shops viruses Fashion

  Bug cheap fashion for women's clothing retail chain will officially retire all of its media.

Fashion Bug closes its doors, including those of Patchogue and Selden, in the next year after a takeover of its parent company, Charming Shoppes Inc. has become complete. There are also hundreds of stores remaining in fashion viruses plans in over 40 countries to close after it already closed 124 stores Fashion Bug in 2011.

ASECNA Retail Group Inc., based in Suffern, NY, has recently purchased a $ 890 million contract for the Pennsylvania-based Charming Shoppes Inc., and stores like Lane Bryant and Catherines Plus Sizes. ASECNA has already Dressbarn, justice and Mauritius islands.

Advertising

Charming Shoppes of Bensalem, Pennsylvania. In a press release that said set ASECNA Fashion Bug 2013 operation based on the results of the strategic review of Charming Shoppes. The company did not say how many employees will be affected.

The move comes as a cleaning agent ASECNA trying not he wants to take Charming Shoppes, is. Fashion Bug is not the only business that consumers see the last one. ASECNA also said he can not sell Figi.

Fashion Disaster road IIFA 2012

  Celebrities walked the 13 Annual Meeting of International Indian Film Academy Awards (IIFA) in

Singapore. We found a few that were not dressed to impress at the international airport of

Mumbai.

We understand that Masaba Gupta wants to present his collection at the IIFA fashion show. She did

not look like one of his models, but surely it could be the cleavage-popping white sweater and

have blown a long black tip.

Santa Claus has decided to leave earlier this month? Oh no, it was Bipasha Basu on the way to the

IIFA. I have nothing against his red pants, white blouse and black boots, but it does not have it

all together.

That's a lot of luggage for two aging men, but perhaps Randhir Kapoor and Rajiv have much more

color coordinated instead of inside. They are seamlessly blended with their bags. We get that you

are brothers, but please drop the binder!

Who is going to Cannes: Twitter, Nike, Nestle, Louis Vuitton, but not from Apple?

  The red carpets were introduced, and the starlets and paparazzi have left all the film festival in Cannes. This means that hotels and restaurants are preparing now to what many speculate is the most profitable week of the glamorous resort of the year: The Cannes Lions International Festival of Creativity.

Week, thousands of big names will be relegated next Adland the south of France, where the sea can be rented with a view of the mansions, the yachts will be docked and wine flowed freely at fine dining in the evening and at night along the water. Despite cautious spending by many businesses and economic crises in parts of Europe, is suffering not seem confab in Cannes. Moreover, was what mainly the agencies and production companies in the hope of picking up prizes went to, is much longer dominated by traders, as shown in the long list of participating companies.

A well-known brand that has not officially entered this year's Apple - an interesting choice, given its presence at the festival in recent years and that this will be the first film festival in Cannes with Tim Cook at the top. Media Representatives from Apple did not respond to a request for comment on Ad Age about his change of plans for Cannes, but we think that execs from the industry that Apple may have some leaders have attended for a few days to Keep off-site meetings.

Media companies like Viacom and Time Inc. is also maiden voyages this year.

Here is the list of customers, media and high-tech companies that we know, going so far and is already longer than the one we last year at the start of the Cannes festival. As we learn new things, we will add to the list.

Just One Look | Gucci

  When Gucci designer Frida Giannini presented her collection first cruise in 2005, they chose the iconic house print shop - originally for one of the scarves of Princess Grace created - as the center. Now, with nearly 30 seasons under his belt, print Flora is back. Late 60s and early 70s bohemian pieces, like this dress Capri Day of Inspiration, set the tone. There were dresses Tunic suede, denim suits and cropped leopard combinations. In the evening, things were a little mod, with a diamond crystal-embroidered minidresses with excerpts bouquet of precious stones.

Kim Kardashian Vs Menaye Donkor: Who rocked the purple and orange Gucci dress better?

  The purple and orange Gucci dress has become a favorite of celebrities in Hollywood last summer, with

stars like Kim Kardashian, Sara Carbonero, Jeniffer Lopez, Jennifer Lawrence and others, it rocks.

Ghanaian model, philanthropist and wife of Sulley Muntari, Menaye Donkor has recently evaluated the trend

in Ghana. See how it compares with Kim Kardashian in this bright orange and purple Gucci dress that he

made the cover of Marie Claire magazine and Flare.

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Collect Hermes Plus challenges - and the Post

  Hermes launches a service for collections, income and consumption of consumer goods through convenience stores in the cities mentioned my Hermes Parcel Shop.

The service enables buyers of goods simply by making it back to a corner shop in the store network packets.

In a challenge to the post office, customers can also send their packets over the network. And the fourth quarter of this year, online shoppers will be able to call a store to pick up take delivery of parcels online orders at their convenience.

The offering will compete with the Company Collect bonus, but Steve Murray, Head of Business Development says that it is not intended to compete with or poach Collect Plus customers, but complement and extend their own service.

Murray says that Hermes does not work in the stores already in the network to collect more and is in its recruitment of convenience stores to be selective network of boutique package. "We rejected 28 percent of the transactions that we considered because of the quality of shop opening times and location."

Hermes aims to urban areas, where customers are less likely to have held a place of safety or a neighbor, for delivery during working hours. Hermes parcel shops consideration as a basic high street retailers online only.

More than 500 stores already in operation in the network, and Hermes is to be in operation by 1000, the peak in October. He hopes one day between 3000 and 4000 shops.

Hermes has signed an agreement with Midcounties Co-op, which will see more than 80 co-op stores in his region to join the store network packets.

The service follows the model established in Germany in 2000, which is now a network of 14,000 branches.

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Special mode: Hosts Armani fashion gala in Beijing

  Giorgio Armani, founder and head of Armani poses with models during a fashion show in Beijing.

The iconic Italian fashion giant Giorgio Amarni unveiled an event called "One Night Only in Beijing" on the new tank in Beijing 798 Art District, 31 May

The highlight of the evening was a fashion show unique present a revised version of the Emporio Armani and Giorgio Armani collections for men and women for the fall 2012 to winter 2013 and the 2012 edition of Giorgio Armani Priv collection for spring and summer.

About 1,000 guests attended the event, including well-known artists, members of the institutions of industry, local and foreign journalists and the general public.

On this occasion, the Giorgio Armani Priv collection was expanded by 15 new looks, a tribute must be paid to the host country.

A number of Chinese and foreign artists were present at the party dresses in Armani, including the United States musician Mary J. Blige and Tina Turner, Hong Kong film star Michelle Yeoh, Shu Qi and Daniel Wu, Fan Bingbing Chinese artists and Tan Yuanyuan, Liu Ye and actress Guey Lunmei Taiwan.

Blige live at the party dressed in a blue Giorgio Armani strapless evening gown for the red carpet and a white jacket and pants made of silk Armani.

Princess Maria Laura of Belgium attended the event wearing a short black dress, pearls Armani cocktail.

The evening with a DJ set by DJ Jesse Marco New York ended.

Giorgio Armani SpA is an Italian fashion house International develops, manufactures, distributes, sells, and haute couture, ready-to-wear, handbags, shoes, watches, jewelry, accessories, eyewear, cosmetics and home interiors.

The brand sells these products under several sub-labels such as Giorgio Armani, Armani Collezioni, Emporio Armani, AJ / Armani Jeans, AX / Armani Exchange, Armani Junior and Armani / Casa.

The name Armani has teamed up with high fashion and has become synonymous with high reputation in the fashion industry.

Close observation of contemporary culture, with a flexible business model that was the hallmark of the group's success and growth.

It now includes more than 5,300 employees and 12 manufacturing plants.

Giorgio Armani, 77, founder, president and CEO of the Armani Group, was also present at the event.

behind the Bentley with chauffeur: Fashion mogul Tommy Hilfiger aromas busy days

  NEW YORK: If you wake up like Tommy Hilfiger, the possibilities are almost endless day. Perhaps you are flying to Paris or Hong Kong for business or for fun, the beautiful island of Mystique.

Really, if he wanted, he could only sit in his apartment at the Plaza SUPER LUXE with views of Central Park, the organization of dozens of pins up to sit on his desk.

This is not like Tommy, though. He loves to work. He wants to work.

He has in the fashion industry for over 40 years from a small shop denim Elmira, New York, and now head of a brand, one of the most famous in the world. This spring, he added advisor "American Idol"-style to her resume.

Peers to the Council of Fashion Designers of America honored him on Monday night with a Lifetime Achievement Award.

However, says Tommy Hilfiger, Marc Jacobs, the winner last year, and Michael Kors in 2010, he feels a little young. "I remember when we were young guys," he says, "I thought." ". War for 70 years," Lifetime Achievement

Yes, he is 61, but there is much more to do. He ended his acceptance speech before a crowd, Jessica Chastain and Kyra Sedgwick Hollywood, and Anna Wintour, Donna Karan and the fashion world is contained in the words, "vote. Stay"

The Associated Press with Tommy several times that day to get an idea of ​​how it's got to live in his skin checked. (Black pants, no socks, in the way.)

"In the shower in the morning, I think:" Should I pinch myself? "He said, moments after his arrival in Bentley with a chauffeur to the morning dress rehearsal of the ceremony at Lincoln Center. There is a clear dark blue suit with no tie, and he comes back on its feet despite the rain, is that it forces a Umbrella Tartan plaid bear.

Clothes Encounters | The fashion collection at Barneys Deste

 "It's hard to mix fashion and art," said Helmut Lang at the party to unveil the new window installation at Barneys New York in Midtown. An artist and a former fashion designer, white, long, of which he speaks. But fashion and art last night came together very well, especially through the control and mixing of the evening: Dennis Freedman, creative director of Barneys, and Greek art collector Dakis Joannou, the founder Deste Foundation for Contemporary Art, which showcases his destefashioncollection works, including a huge portrait of Yves Saint Laurent photographer Juergen Teller through a multimedia package with a Viktor & Rolf asymmetric evening gown and tulle, a computer printer, which the poet Patrizia Cavalli, and commentary on politics long minimalist fashion, "Front Row". The real action was not in the streets, but the ninth floor of the shop where the artist John Bock on a large platform surrounded by mountains of old clothes and a cast of three agile (and was apparently very open display) seamstresses. During the evening, Franks Steined Bock makeover and, say, a pair of pants and a T-shirt, old, or a T-shirt, jeans and an old sock, and called the guests of the audience to model them. The goal was to bear all her clothes room, crazy pants deconstructed shirts or get three armies until the end of the evening. "It is difficult to make something inspired on the spot," one guest noted that the study material for the next buck outfit. And it is true that the progress of the artist was slow, the process was ultimately more fascinating than any end in success. He did not know it sounds simple, but it's certainly let it look like fun.

EFG-Hermes buyer risks 'overpaying'

  The successful bidder for EFG-Hermes risks overpaying for the Egyptian company, bankers say.

The embattled Egyptian investment bank is caught between two rival bids - the first from a joint venture with QInvest that would provide funding from Qatar's sovereign wealth fund, and the second a US$1 billion (Dh3.67bn) unsolicited buyout bid from Planet Investment Banking (Planet IB), a consortium of Arab investors.

"If Planet are serious about going hostile with their bid, they'll have to considerably increase their price," said Aybek Islamov, a financial analyst at HSBC. EFG-Hermes's business includes investment banking, brokerage and private equity alongside a 65 per cent stake in Credit Libanais, a Lebanese commercial lender.

The Egyptian bank's shares have lost 78.7 per cent of their value since topping out at 50.16 Egyptian pounds in 2008. Investment bankers said that EFG-Hermes offered little value to either potential buyer.

"It's not exactly the marriage of the Rothschilds and the Rockefellers," said one investment banker, speaking on condition of anonymity. "I'm not sure it's such a good deal for shareholders of QInvest to buy a bank which is financially and politically distressed."

QInvest and EFG-Hermes said last month that they had entered into a joint venture to create a new firm, EFG-Hermes Qatar. EFG-Hermes shareholders voted in favour of the QInvest deal on Saturday. Planet IB has said it will appeal the decision with regulators because it has not been given a fair chance to compete. EFG-Hermes says, in turn, it will take legal action to protect its shareholders.

QInvest is controlled by the Qatar Investment Authority, the Qatari sovereign wealth fund.

The investment bank plans to inject $250 million into the new company and would own 60 per cent of its shares, with the remainder held by EFG-Hermes.

QInvest would have an option to acquire the remaining shares 12 months after a deal was struck. Credit Libanais and EFG-Hermes's private-equity businesses are not included in the deal. The minimum bidding price of 13.5 Egyptian pounds per share is 26.4 per cent above the bank's closing price of 10.68 pounds per share yesterday.

If QInvest's bid is successful, the remainder of EFG-Hermes will generate a net profit of 372m Egyptian pounds this year, 35 per cent less than HSBC's previous earnings estimate for the year before the bid was announced. Credit Libanais would become the biggest revenue generator for EFG-Hermes, contributing about 90 per cent of sales, HSBC estimates. But with Egypt's economy deteriorating, political concerns have mounted around the investment bank. The co-chief executives of EFG-Hermes, along with the bank's former chief executive and four others were named last week in illicit-profiteering charges related to the sale of Al Watany Bank in 2007, in a suit that also named Gamal and Alaa Mubarak, sons of the former Egyptian president Hosni Mubarak.

Investors who bought at the peak may see more value in the QInvest bid as an attempt to rebuild the bank's regional clout after a battering by the financial crisis and the Arab Spring.

"This company used to be a $5bn company at one point," said one banker close to the deal. "If you think about the future of the company, they're lucky they've got this activity on the stock.

"Not a lot of people on this planet would be making a bid right now for a company in Egypt, at least not until things have been settled."

The Abu Dhabi Investment Authority and Dubai Financial Group, an arm of Dubai Holding, own about a quarter of EFG-Hermes's stock.

Star Fashion to update menswear

 Star Fashion (2551) Co, the maker Hazard and Garbang men's fashions, plans to rejuvenate its two menswear brands to prepare for more competition when the Asean Economic Community (AEC) is formed in 2015.

Executive director Vitoon Tatiyamaneekul said that although many menswear brands, both local and international, had been introduced in Thailand in recent years, demand for Garbang and Hazard products continued to grow year-by-year.

"This is a good sign. And if we make the two brands more modern and trendy, they will have more market potential," said Sukris Vareerajuthai, the company's general manager for business development.

Hazard has been in the market for 28 years and Garbang for 24, and both will be rebranded in the third quarter 2012.

The company will introduce Garbang collections for executives and for the youth market.

Star Fashion aims to cover all provinces within two years. After that, it will look for opportunities in the Asean market, Mr Sukris said.

According to a company survey, there are many fashion brands available in the Philippines and Singapore, but the majority are international.

"If international fashion brands can parade into the Thai retail market, why don't Thai brands penetrate the international fashion markets?" Mr Sukris said.

Mr Vitoon said the company was currently studying the potential impact of the AEC.

With a sizeable population and increasing purchasing power, Thailand is a promising market for international brands.

"I'm not afraid about them entering Thailand after the AEC. They won't necessarily be successful here. The most important thing to surviving in the market is understanding local demand and taste," Mr Vitoon said.

Currently the company distributes 17 brands of shoes, fashion apparel and accessories through 500 points of sale across the country.

Mr Vitoon expects the fashion market in Thailand to grow by 15% this year, up from 12-13% last year. The footwear market alone is estimated to be worth about 10 billion baht per year.

The company plans to extend product lines. New shoe and bag brands include Tretorn from Sweden, Boxfresh, the British lifestyle shoe, and Herschel bags from Canada.

The company says sales will grow by 50% to 2.4 billion baht this year, up from 1.6 billion baht last year. Of the total, about half will come from apparel and fashion shoes.

Buyers of luxury goods cagey as outlook remains cloudy

 Mumbai/New Delhi/Bangalore: For Vishal Sawhney, who regularly buys luxury brands such as Burberry, Armani and Louis Vuitton in India, increased prices of imported goods due to the rupee’s depreciation has had an indirect impact.

“I won’t defer my purchase of a luxury item because of price hikes,” he said. The reason Sawhney, 26, is postponing buying decisions is the cloudy outlook. “It’s the overall market sentiment that is negative. Therefore, I’m being conservative towards luxury purchases right now,” said Sawhney, who helps run a family business in New Delhi.

In the past 12 months, the rupee has fallen around 24% against the dollar. Besides the slump in the currency, the latest growth numbers don’t leave much room for optimism either. High inflation, global uncertainties and an increase in excise duty have also cast a pall of gloom.

“The luxury sector thrives on sentiment, and the feel-good factor is going away. This impacts the sector,” said Darshan Mehta, chief executive officer, Reliance Brands Ltd, the retail unit of Reliance Industries Ltd. It sells brands such as the century-old Italian menswear luxury brand Ermenegildo Zegna.

Strictly speaking, possessing a Hermes Birkin bag, Christian Louboutin heels, a Ducati motorcycle, or cars made by Ferrari and Maserati has little to do with the price tag, say the experts.

“These are products which people aspire to buy, and when they finally decide to make this purchase, short-term fluctuations do not lead to a change in decision,” said Ashish Chordia, chairman, Shreyans Group, which imports Ducati, Ferrari, Maserati and Bombardier Recreational products to India. “They may choose to delay a purchase, but there is rarely a cancellation.”

Nigel A. Harwood, president and chief executive officer, InterGlobe Established Pvt. Ltd, agrees with Chordia.

“The queries coming in for our products haven’t dropped, but customers are waiting for the rupee to improve,” he said. “It’s not like we are expecting the rupee to touch 47 or 48, but people are even waiting for it to move from 55 to 50,” said Harwood.

His company deals in cars such as the Koenigsegg Agera, besides yachts and aircraft ranging from Rs 50 lakh to Rs 150 crore. There’s been a 10-15% increase in the price of these high-end products because of the rupee’s slide, he said.

India’s luxury market was estimated at $5.75 billion in 2010, growing to $14.72 billion by 2015, according to the India Luxury Review 2011 by industry lobby Confederation of Indian Industry and consultancy AT Kearney.

The delay in purchase decisions is hurting retailers’ plans to step up investments as they seek to add capacity.

“The depreciation of the rupee as well as the overall macroeconomic scenario do dampen some of the enthusiasm by luxury retailers to expand their operations in India,” said Anuj Puri, chairman and country head, Jones Lang LaSalle India, a property consultant. “They would (rather) wait for these dynamics to become more favourable before they expand their footprint.”

For retailers who haven’t yet raised prices, the depreciating rupee is putting stress on margins. “Right now, the impact hasn’t been passed on to consumers and the entire impact is being borne by retailers, shrinking our margins,” said Yashovardhan Saboo, founder of Ethos Summit, a luxury and premium watch retail chain selling the Cartier, Chopard and Breitling brands in India. Ethos, though, has increased prices across some brands in the past few months and plans to raise more in the coming months.

For some companies, raising prices in response to the slump in the rupee isn’t easy, hitting margins.

“We don’t have the ability to pass it on to the consumer as it’s a state-by-state decision,” said Abanti Sankaranarayanan, deputy managing director, Diageo India, the maker of brands such as like Johnnie Walker whisky, which is imported.

Meanwhile, some value-conscious, non-resident Indians are actually looking at the depreciating rupee as an opportunity to shop.

“A consumer called me from the US. He wanted to buy an Omega watch for his wife,” said Saboo. “The watch costs $2,500, but because of the exchange-rate fluctuation, and the fact that brands hadn’t yet raised prices in India, it was working out cheaper here, and he decided to buy it from here.”