Fashion Cheat Sheet
$1.2 Million Worth of Kate Moss Images To Be Auctioned; LVMH Fined $10 Million in Hermès Case
Kate Moss Hit The Block: On September 25, Christie’s in London will auction off over $1.2 million worth of images of Kate Moss amassed by German art collector Gert Elfering. Elfering has described Moss as a "living icon," according to The Telegraph. Iconic images that will be for sale include a 1992 nude image of Moss shot by Mario Sorrenti, and a 3-D hologram image on a lightbox by Chris Levine. [Telegraph]
LVMH fined $10 Million in Hermès Case: French stock market regulator Autorité des Marchés Financiers is fining LVMH over $10 million for secretly expanding its stake in Hermès. According to the Financial Times, this is the largest amount AMF has ever fined a company. The Journal reported that since 2010, LVMH has raised its shares in Hermes from 17.1 to 22.3 percent, while Reuters said its stake increased from 14 percent to 22.3 percent. Reuters reports that LVMH was able to avoid going public with the news by using unlisted foreign subsidiaries and utilizing multiple banks to purchase equity swaps -- and that LVMH will appeal the fine. [Reuters]
Apple Hires Former YSL CEO: Apple Inc. has hired former Yves Saint Laurent CEO Paul Deneve, to oversee new undisclosed projects. Apple spokesperson Kristin Huguet released a statement: "We're thrilled to welcome Paul Deneve to Apple. He'll be working on special projects as a vice president reporting directly to Tim Cook.” Deneve has previously held positions at Nina Ricci and Lanvin -- and, according to Bloomberg, also worked for Apple in the 1990s. [Bloomberg]
24-Karat Gold Fake Eyelashes: From Lady Gaga’s bedazzled wheelchair to flashy fake eyelashes, there really isn’t anything that 24-karat gold cannot beautify. Kre-At’s lashes—self-described as ‘luxury meets art’—are sold solely at Barneys and retail for $295. This price is in stark contrast to more common synthetic lashes that retail for around $10. [Daily Mail]
Did BeachMint Board Fire Its Founders?: Pando Daily reported on Tuesday that the board of directors for the e-commerce company BeachMint had fired its founders, Josh Berman and Diego Berdakin. It also reported that the company was struggling and would return $20 million to its investors. After that story published, a representative for BeachMint disputed it, calling it "baseless, 100% false." Berman elaborated in a statement released to press: "Diego and I remain 100% focused and are fully backed by the BeachMint Board of Directors, and there are no plans to make any changes to our leadership team. Unfortunately, nobody at BeachMint nor the Board of Directors was contacted to confirm or provide input on this story." Pando Daily posted an update, saying its sources are reliable, but that it is continuing to report the story out in the wake of the company's claims. [Pando Daily]
Editor's Note: This story has been updated with a comment from BeachMint.