Emma Watson Fashion Line Rumors Not True

Emma Waston has rubbished reports she's designing her own clothing range.

The Harry Potter actress and style icon was reportedly in talks to launch her own fashion line for teenagers, with proceeds going to children's charity UNICEF, according to Britain's News of the World tabloid.

But the 19 year old - who was unveiled as the new face of British fashion house Burberry earlier this month (Jun09) and has modelled for French couture brand Chanel - insists rumours Chanel's director Karl Lagerfeld has advised her to create her on line are completely fabricated.

A spokesperson tells People.com the reports are "not true"

Source: Female First

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Price Hike On Luxury Goods

The luxury-goods sector is going out of fashion. Aquascutum, whose customers included Humphrey Bogart and Lauren Bacall, has threatened mass redundancies just days after renowned French fashion house Christian Lacroix went into administration. Yet the luxury-goods sector continues to trade at a glitzy premium to the wider market.

In the past that premium reflected an assumption the sector's super-rich target customers would be immune to an economic downturn. But this recession has proved that theory wrong. Sales are falling across the sector as even big spenders have cut back, influenced as much by the idea it's no longer fashionable to flaunt wealth as by waning incomes.

Yet since the stock market rally began in March, luxury goods have outperformed the wider market despite a raft of bad news and no sign that extravagant spending is back in vogue. While the larger groups with diversified products, such as LVMH and PPR, are better placed to weather the downturn than individual fashion houses such as Lacroix, their premiums are nonetheless starting to look overdone.

A few months ago Burberry traded at a 10% premium to the European market, now that's more than doubled to 25% while LVMH now trades at a 33% premium to the market compared to 27% at the end of March. Even the premiums of those companies, such as PPR, which trades below Burberry and LVMH due to its less iconic brands, have risen. But trading conditions have shown no signs of improvement.

Granted the demise of Lacroix doesn't come as a huge surprise. The designer never turned a profit in 22 years as his flamboyant haute couture struggled to make the transition to ready-to-wear collections. But it was the decision by major stockists such as Saks and Neiman Marcus to reduce orders for the fall collection that was the final straw.

As the top-end department stores struggle, they are likely to cut back still further on orders which will hit the whole sector. In that context, the trading multiples of the luxury-goods sector are starting to look as highly priced as the haute couture they represent.

Source: The Wall Street Journal

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Emma Watson "Seduced" By Karl Lagerfeld

Emma Watson felt "seduced" when she met Karl Lagerfeld.

The 'Harry Potter' actress has met the legendary German fashion designer several times, and admits she was star struck when he photographed her for a recent edition of French fashion magazine Crash.

Emma said: "I'd met Karl a few times before, at parties or something where we really couldn't talk. But this was a dream come true. We spent the whole day together, and he can talk about anything - literature, art, science, modern culture. I was totally seduced. I felt spoiled to be spending so much time with him."

Despite mixing with one of fashion's most renowned designers, the 18-year-old actress - who is rumoured to be starring in an upcoming advertising campaign for British fashion label Burberry - admits she rarely indulges in expensive clothing.

Referring to fairytale character Cinderella, whose expensive clothes disappear if she stays out too late, Emma told Interview magazine: "I don't really buy designer stuff. I have a few nice things, but I don't really have the occasion to wear couture too often. When I'm in a situation where I do need to dress up, I'm typically lent something - which means I have to give it back at midnight, like Cinderella."

Source: 3 News

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