Upscale British shoemaker and retailer Jimmy Choo was bought by luxury goods group Labelux from TowerBrook Capital Partners LP, the companies said on Sunday.

The companies did not disclose terms of the deal, but two sources familiar with the deal said it was worth about 500 million British pounds ($812 million).

Vienna-based Labelux, whose other investments include shoemaker Bally, said Jimmy Choo’s co-founder and Chief Creative Officer Tamara Mellon and Chief Executive Officer Joshua Schulman would stay on in their current jobs. Mellon will take a stake in the subsidiary being created to own Jimmy Choo.

Labelux, founded by Germany’s billionaire Reimann family in 2007, was said in media reports to have outbid final-round bidder private equity firm TPG Capital.

TowerBrook Capital Partners, which bought the shoemaker in 2007 for 185 million pounds and has developed the company into a global brand with its stiletto heels worn by the rich and famous, also considered a 650 million-pound Hong Kong listing for Jimmy Choo.

Jimmy Choo was founded in 1996 in London by Mellon, a former Vogue editor, and shoemaker Jimmy Choo, who sold his interest in 2001.

In 2010, Jimmy Choo reported net sales of 150 million British pounds. So far this year, sales are rising by a double- digit percentage.

Labelux retained Rothschild as its financial adviser and Hogan Lovells as legal counsel. TowerBrook hired Goldman Sachs and Morgan Stanley as its advisers and Kirkland & Ellis as legal counsel. The deal is expected to close at the end of June.

Reeth, the international model actress with an innate Indianness, headed  to  Cannes Film Festival (May 11-22) as two of her films, ‘Visible Bra Straps’ and ‘The Au Revoir’ had been  showcased on this global platform. And Reeth promised  to rock the biggest global stage of them all in designer outfits specially created by Jaya Mistral one of the best Indian fashion designers representing the best in Bollywood and traditional-to-modern Indian craftsmanship.

 An excited Reeth says, “It is indeed a proud moment for me because of the rare honour of having two of my films being showcased at Cannes 2011. It was apt for me to choose the inimitable native Jaya Misra as she represent the best Bollywood and traditional-to-modern fashion designing values. I have given them my inputs and they have conjured up brilliant outfits that will have the world asking for more. They understand my USP of an international look and feel with a distinct Indian identity.”

 VBS, the First Film in India on Canon 5D, has grabbed accolades and awards galore. It was selected @ Short Film Corner, Cannes; Myrtle Beach International Film Festival; and Riverside International Film Festival, California. It was covered in Shorts & Docs Section of Film India Worldwide. It was at Director’s Lounge, Berlin; and showcased at India International Film Festival of Tampa Bay, Florida.

In the glitz and glamour of the fashion industry is lost the numerous stumbling blocks in the blooming of new talent, thus stunting industry expansion. Creative industries need constant infusion of new ideas to break new barriers. ICF, headed by former FDCI Executive Director Mr Vinod Kaul, at the forefront of inculcating fashion entrepreneurship skills in the next generation, has brought together Fashion A listers to help new talent bridge this chasm to peer acknowledgement.

Rohit Bal, Raghavendra Rathore, Leena Singh and Shantanu & Nikhil, renowned and respected designers, came forward to discuss this issue with the aspiring fashion entrepreneurs under the aegis Agragami. Agragami, organized by International College of Fashion, is based on the vision of ‘Advancement’ and providing a platform for synergy and networking between aspiring and established designers.

Mr Vinod Kaul, Jt. Managing Director, International College of Fashion said, “ICF, through this medium focuses on encouraging and promoting the new generation of designers and design entrepreneurs in the Indian context. Structured and nurtured Design thinking combined with local innovation and Indian mindset can play a very crucial role in achieving a strong growth path even for new talent. Winning by Design should be the new age Mantra for New India.”


Wild Summer’s at Red Monkey with a whole new menu of Shooters!! Venue- Red Monkey Average price of a Shooter- Rs 225 Duration: Entire month of May and June Address:47 Defence Colony Market, New Delhi-110024 Timings- Noon to 1am

Regal yet with a modern twist, elegant and exquisite; Rachna Kapoor unveiled her new collection of breathtaking jewelery, ‘Shara’, meaning ‘princess’ in Hebrew. 

Inspired from the opulence and taste of the royalty, Rachna’s new collection signifies the flamboyance of a queen that the princess will finally be one day.

From earrings and statement neckpieces to rings and beautiful cuffs, the collection is a wonderful amalgamation of semi precious stones and metals coupled with breathtaking designs. “I have always been fascinated by glittering stones, says Rachna Kapoor. ‘Shara’ is the result of my understanding of colors and concepts. My collection is for the woman who loves the traditional regal pieces but with a contemporary touch to them, she further added.
 

Portfolio 2011 – the annual graduating event of Pearl Academy of Fashion students saw young talents showcasing their glittering collections while putting together a mesmerizing show of innovation, flair and creative genius for a diverse group of industry professionals at Talkatora Stadium, New Delhi.

The collaborative effort by the graduating students of 4 year BA (Honors) Programme in Fashion Design (FDUG) presented 56 collections; and the two year full time PG Diploma Programme in Fashion Design (FDPG) presented 17 collections based on the vast and rich pool of Indian crafts and value addition techniques. Ace fashion designers Shantanu Mehra and Nikhil Mehra graced the occasion as chief guests. 

Showcasing their innovative design solutions and constructive techniques to the industry, students demonstrated their aptitude for design development, fashion presentation, market knowledge and trend forecasting skills acquired through industry exposure and the duration of their course at Pearl.

On the occasion, Mr. A.K.G Nair, Group Director, Pearl Academy of Fashion said, “I am very privileged to present Pearl Academy of Fashion’s talent to the world. Portfolio marks the students’ journey along with their alma mater in realizing the diverse cultures and ethnicity which makes Indian fashion scene extremely unique and special.”
 

May 23, 2011
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“Humpty Dumpty sat on a wall; Humpty Dumpty had a great fall. The entire king’s horses and all the king’s men, couldn’t put Humpty together again.” We grew up laughing loud on petite Humpty’s clumsiness and enjoy falling people on banana peels unless they are us. Though none of us might have witnessed the people actually falling on banana peels, but the mere idea gives a giggle. We end up rolling on floors laughing. And, the idea turns into a big joke when the paragons of beauty and catwalk trip on the picture perfect runways. Shock value makes us chuckle and schadenfreude gossip.

Catwalk slips make an interesting story, where the wretched girl is in tears and the world in smiles. Catwalk is not a cakewalk, it takes a lot of courage to strut laden in wraps of garments, skyscraper stilettoes and scandal sensitive stares.  Model Tinu Verghis says, “Sometimes the ramp feels endless when a simple walk becomes a journey to never land with your leg tangled in metallic baubles or yards of sari getting wrapped around your ankles, or worse, shoes that are ill fitting. Small mess ups are always forgotten in the larger picture. So why worry?”

Every model walking the runway is prone to such trips and slips; it’s a part and parcel of the job. Model Anjhula Singh Bais agrees, “No model coterie is complete without tales of slipping and sliding. It’s an occupational hazard and comes along with the territory. Multiple factors contribute to the situation, namely the surface and texture of the runway meeting the type of shoe and platform one walks in. I have worn 8 inch heels on pebbles and have walked through runways in water. Everything is a new experience and the fear of "what could happen" does not get in the way of anything I do, lest of all modeling. Modeling is much much harder than appears on the surface yet I have always felt that the audience is with one not against one. I have seen colleagues fall and I was split between wanting to lend them a hand and help pick them up or keep going on with the show.”

Occasional slips can be comprehended, but recently model Lindsey Wixon took 5 consecutive spills at Naomi Campbell’s Fashion for Relief show at Cannes. Should we chalk it up as an obsessive Freudian slip?  And moreover, does it mean a pink slip? Tinu sarcastically says, “May be the most interesting thing about the show in Cannes was the model tripping. I mean, how many people really watch a fashion show to look at the ingenuity of the clothes? Fashion shows are almost like Cirque de Soleil, in a not so daring way. Misfortunes seem to create more emotional empathy, so why waste prime time news discussing real issue or the beautiful clothes? She further adds, “I do meet young models who are found crying in the back stage because they tripped unceremoniously, I always tell them stories about having gone through worse. When you have a support group, the weight of the situation gets lighter. What doesn’t kill you only makes you stronger. I cannot imagine any of the Indian designers using a tripping episode against any of the models from booking them for the shows again. They are far cooler than that. Most of the battles we think we are fighting are with ourselves. A bit of self-confidence is what it takes to ride any storm.”

In fact it’s true to a large extent. Catwalk queen Naomi Campbell’s famous fall while wearing 10 inches Vivienne Westwood heels made her a household name. One pair of those iconic boots is displayed in one of the London’s famous museum and the second is with Naomi. It’s a win-win situation for everybody.  At Miuccia Prada’s Spring 2009 Milan Fashion Week show, when models were crying backstage about falling in those heady heels, designer was enjoying her success. She was found saying that these falls made her show at the fashion week memorable.

Walking ramps in those blinding lights and killing pressure is a duck soup do, but after all modeling is all about braving your scruples and premonitions and go fearlessly. Anjhula narrates one of her such experience, “Once I was walking and my heel broke. The audience gasped yet I arched the foot with the broken heel to the level of the other foot with the heel and continued walking even keel without missing a beat. That is what it’s about, overall performance, not one slip. Shows must keep a pragmatic balance of reality with fantasy.  Ultimately modeling’s essence is performance, art and elegance. Like life, it’s not so much if one falls but if and how fast they pick themselves up.” Model Ushoshi Sengupta also has her say about one such incidence, she utters, “Well tripping rings an alarm. We trip in day to day life, but when on ramp it’s scary. I have done so many shows but still at times i feel – God doesn’t make me trip. Once i was doing a show in Calcutta, i remember, and the ramp was just painted before the show. The girl who was supposed to start the show fell at the first go and the show was stopped and started half an hour later. All I wish to say is its all natural to trip and fall, but professional know how to cover up, and that’s with a smile.”

Milan is a place of richness during the Design week, with various exhibition, installation and events. The city becomes lively, artistic and poetic.

While taking a stroll down the streets of Via S. Andrea I came across the Fendi store. It was very crowded like the others but still something made it look very distinguished. By stepping closer I realized that the shop was turned into an atelier. It was a live display of craftsmanship – ‘fato a mano’

Also, London designer Rowan Mersh graduated from the Royal College of Art, creates an interactive installation that sublimates the relationship between Art and Craftsmanship. Real-time heart rate data collected from the artisan is fed into an adapted riveting machine, which punches the heart rate onto thin stripes of leather, which are then reborn in the form of a sculpture, symbol of the interaction between Designer and Craftsman.

This provided an opportunity to look beyond the glass and understand the true value of luxury.

Posted by : Amal Kiran Jana from Milan at 12:21 AM