White Wedding for Angelina Jolie
Angelina Jolie wore Atelier Versace! Angelina Jolie and Brad Pitt succeeded in keeping the details of their wedding last month a secret. Angelina Jolie married Brad Pitt in a couture gown by the Italian brand. Donatella Versace said, “Beauty, class and brains. That’s you Angelina. I wish all the best and happiness to you and you wonderful family. Love, DV.”
The fashion house created a custom white, silk satin gown gathered at the bust with an elongated train that was detailed with embroidered drawings by her children, that were also reproduced on the silk veil. Jolie also wore white silk Versace pumps. Something blue or anything black?
Fashion Police Cancels New York Fashion Week Taping
As expected, E! has cancelled it’s scheduled taping of their show Fashion Police in conjunction with New York Fashion Week which starts this Thursday. Host and iconic comedian Joan Rivers remains in serious condition at Mount Sinai Hospital after she stopped breathing at a nearby throat clinic for what was supposed to be a routine procedure. She was placed in an induced coma and is being brought out today so any brain damage can be assessed. Our thoughts and prayers are with Joan and her family for a full recovery.
Roberto Cavalli Selling Brand by Mid-October
Roberto Cavalli is getting close to selling a majority stake in his namesake brand, with the deal expected to be completed in mid-October. According to WWD, Cavalli has signed a letter of intent to sell a 60 percent stake in his company to VTB Capital. The eventual goal is to launch an initial public offering in four to five years. VTB Capital is part of VTB Group, a major Russian investment bank, but it’s understood that it is acting for a Cyprus-based fund.
The sale price tag is said to be 500 million euros, or $656.5 million at current exchange. The deal values the Cavalli brand at 830 million euros, or $1.1 billion. This represents four times the firm’s sales in 2013 and more than 22 times its earnings before interest, taxes, depreciation and amortization last year.
Yves Carcelle of Louis Vuitton Dies at 66
Yves Carcelle, the dynamic French executive who spearheaded Louis Vuitton’s transformation into into one of the world’s most recognizable luxury brands, died Sunday at the Pitié-Salpêtrière Hospital in Paris following a battle with cancer. He was 66.
Mr. Carcelle, who was promoted to the top post at the Louis Vuitton brand in 1990 and later ran LVMH’s fashion division, was the leader of an aggressive expansion into Asia and other international markets that elevated leather goods emblazoned with Louis Vuitton’s distinctive LV logo into one of fashion’s most coveted status symbols. In 1997, he recruited Marc Jacobs to design shoes and ready-to-wear clothing for Louis Vuitton, also adding watches, jewelry and other accessories. Carcelle was put in charge of the LVMH Fashion Group in 1998, overseeing Louis Vuitton as well as a stable of prominent brands, including Loewe, Céline, Givenchy, Donna Karan, Kenzo, Berluti, Fendi and Thomas Pink. He stepped down as head of fashion in 2002 to focus exclusively on Louis Vuitton. Under his leadership the number of LVMH boutiques doubled to 1,300 in more than 50 countries, while revenue soared almost tenfold to nearly 10 billion euros, or $13 billion.
– Carol Calacci
Sources: WWD, NYTimes