Aquascutum in administration  Following reports this morning, Aquascutum has confirmed that it has entered administration today and has appointed joint administrators Geoff Rowley and Phil Armstrong - partners at FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm - to oversee the process.
"We are conscious of the value of the Aquascutum brand and its long-standing heritage and because of this are keen to enter in to early discussions with interested parties open to purchasing the business as soon as possible," joint administrator Geoff Rowley said this afternoon. "We will of course be conducting an urgent assessment of all stores and concessions and look to communicate to staff and suppliers at the very earliest opportunity."
The directors made the decsion to begin administration proceedings following "significant losses" over the past year. Between its British stores and its UK-based manufacturing sites, Aquascutum employs 250 people in the UK.
Billion dollar burberry  Burberry has joined a league of fashion heavyweights that includes Prada, Gucci and Louis Vuitton as a billion-pound label.
"We are the only global luxury goods brand from Britain," the label's finance director Stacey Cartwright told the Evening Standard. "We are unique and we are balanced across clothing and leather goods. Our other difference is our focus on digital. Shoppers can buy straight from the catwalk with iPads in stores and we now have more than 12 million Facebook fans."
The luxury British brand has reached record sales of £1 billion in the past six months - an increase of 18 per cent, thanks to a boost in the British, French and Chinese markets.
Marchesa's new line  Marchesa is reportedly preparing to launch a contemporary line. The British label, known for its red-carpet-worthy, opulent and feminine designs, is said to be completing a deal with LF USA - the US branch of Hong Kong-based investment company Li & Fung.
This would be the second acquisition for LF USA in a matter of weeks, if the WWD rumours come to fruition, after the company signed a backing deal with New York-based label Vena Cava earlier this month.
Marchesa would follow in the footsteps of a host of luxury brands that have launched contemporary lines, including Karl Lagerfeld's Karl; Alice Temperley's Alice By Temperley; Marc Jacobs' Marc by Marc Jacobs; Matthew Williamson's MW by Matthew Williamson; Alexander McQueen's McQ; Victoria Beckham's Victoria, Victoria Beckham; Versace's Versus; and Alexander Wang's T by Alexander Wang.
McQueen and Galliano  Karlie Kloss has spoken about her experiences with two of fashion's biggest names:Alexander McQueen and John Galliano.
"Alexander McQueen once told me before I went out on the runway - I was wearing a dress that was very long and difficult to walk in, and I was concerned the dress was going to get caught on my shoe - 'Don't worry, Karlie; if it does, just take it off and throw it, throw the dress. Remember - YOU own the dress, the dress does not own you!' It was a moment I will never forget."
Her most treasured possession, she admits, is her "Dior bag from John Galliano. He gave it to me after we shot my first campaign with Steven Meisel, and I cried when I opened it. It is the most beautiful, timeless Dior bag. It is such a special reminder of that time in my career; someday I will give it to my daughter."
Look of the moment is the incredibaly stylish rosie huffington whitley out and about in new york wearing super cute stella mc cartney dress and i love that she belted it, it looks major. Her accessories are reed krakoff and they look super cool sleek and really the whole look is chic and cute the chopper glasses and AMAZING HAIR make this look super fab!!!
Here are some of the best dressed celebs this weekend at cochella,out and about and at paul mc cartneys party!
Paul's Valentine  Natalie Portman has teamed up with Johnny Depp for Paul McCartney's self-directed new music video, My Valentine. The actors feature in a simple black and white video, gesturing and lip-syncing McCartney's lyrics to the mellow track, which is taken from his recent album, Kisses on the Bottom.
The video was unveiled at a private event on Friday evening in the LA store of daughter Stella McCartney, where guests included Miranda Kerrand Orlando Bloom, Gwyneth Paltrow and Chris Martin as well as Reese Witherspoon, Gwen Stefani, Kristen Stewart and Zooey Deschanel.
Jaeger sold!  Jaeger has been sold for almost £20 million to Better Capital, a Guernsey-based investment company.
Better Capital said in a statement today that it had acquired, "all of the secured debt and a 90 per cent stake in Jaeger Group Limited… The aggregate cost of the acquisition was £19.5 million, the substantial majority of which was in respect of the acquisition of the secured debt with the remainder in respect of the equity stake."
The British label - which saw profits fall more than 60 per cent from £2.22 million to £772,000 in 2011 - was acquired by British Fashion Council chairman Harold Tillman in 2002, but the retail mogul admitted in January that the label had not been immune to a difficult year for the UK high street.
Diana the muse  Princess Diana, is responsible for two of the footwear world's most iconic designs - or so says Christian Louboutin. The legendary designer created his first pair of shoes, the Love style, after being inspired by the late royal.
"It was 1992 and I was looking at this picture of Princess Diana taken while her husband was giving a speech. She looked so sad and bored, I thought: 'what would bring a smile to her face?'" he said.
He added that Diana also gave him the idea for cleavage shoes - styles that expose the top of a woman's toes.
Diors Future  Dior president and chief executive Sidney Toledanohas spoken for the first about Raf Simons'appointment as artistic director at the label.
"It's a very exciting time," Toledano told WWD. "I always said that the right person would come along when all the stars aligned and that's exactly what happened last week. Simons has already begun to lay out his vision for where he can take Dior in the future and I think we are all very excited by that vision."
Angies engaged!!!!  Angelina Joile and Brad Pitt are engaged, the jeweller who designed Jolie's ring has confirmed this evening. Robert Procop worked closely with Pitt in creating the piece, which Jolie wore for the first time last night at a private view of the new Chinese Art collection at the LA County Museum.
"Yes, it's confirmed," Pitt's manager, Cynthia Pett-Dante, told The Hollywood Reporter. "It is a promise for the future and their kids are very happy. There's no date set at this time. Brad designed the ring."
Brides Week  NEW YORK played host to the latest designer wedding dresses this weekend as Bridal Week once again came to the city
The biggest names in bridal - including Vera Wang, Marchesa, Jenny Packham, Monique Lhuillier, Reem Acra(pictured), and Alfred Angelo - showed their spring/summer 2013 collections over the weekend, with Oscar de la Renta set to take to the catwalk today as the Week comes to a close.
Oscars new home  Oscar De La Renta is opening his first shop in London and, after a three-year search for the perfect location, is set to move in to hairdresser Nicky Clarke's Mount Street flagship.
Clarke, who has occupied the unit for more than 20 years, will move just along the road to 11 Carlos Place - next to Roland Mouret and Jenny Packham's stores, and just opposite the Connaught Hotel - in a deal said to be worth more than half a million pounds. Both Clarke and his landlord have refused to confirm whether he was paid the reported £500,000 premium to move, but his ex-wife and business partner Lesley Clarke said all parties are happy with the move.
Here is my guide to the best wedding guest items which i have separated into categories PASTELS,LACE,PRINTS and BOHEMIAN Pastels Lace Prints Bohemian
Its the most fashionable and celebrity populated music festival COACHELLA the stars have turned out in fab festival looks listening to music and attend mulberry and lacoste events here are all the pictures of the celebs looking there best
Oscar De La Renta Pierre Hardy Prada Proenza Schouler Rochas Roberto Cavalli Ralph Lauren
More than Minimalism  Raf Simons has spoken about his arrival at Dior, insisting that talk of a new age of minimalism at the famously feminine house is inaccurate.
"I don't think it's wrong to call me a minimalist. It's wrong to call me a minimalist only," he said. "I am also a romantic person."
The Belgian designer - who arrived in Paris today to begin work on his first Dior collection, set to be shown at Couture Week in July - added that, whilst the watchword of his time at Jil Sander was "purism," his main inspiration at Dior will be "femininity...because it's beautiful, endless and permanent".
Nicoll's bride  Richard Nicoll has created a collection of bridal dresses for Topshop. The dresses, which all feature Nicoll's signature sculptural shapes and feminine fabrics, will be available from this June - although images are yet to be released.
Rich,Young and beutiful  Adele, Cheryl Cole, Florence Welch, Keira Knightley, Emma Watson, Natalia Vodianova, Lily Cole and Rosie Huntington-Whiteley have been named as some of the wealthiest young millionaires in the country, according to The Sunday Times' Rich List. The annual chart documents Britain's richest individuals, with a category dedicated to those under 30.
Keira Knightley topped the Young Rich List, with cumulative earnings of £58 million; £30 from her acting jobs and £28 million from her modelling work - more than Natalia Vodianova with £16 million, Lily Cole with £8 million and Rosie Huntington-Whiteley who is worth £5 million. Emma Watson also ranked highly, with overall earnings of £52 million - making £26 million respectively for both her modelling and acting work.
Adele was named the country's richest young musician with £20 million, followed by Cheryl Cole with £12 million and Florence Welch with £7 million. Other faces to be included in the list are Daniel Radcliffe, Britain's wealthiest actor with £54 million, and Robert Pattinson with £40 million.
Daphnes fashion sale  As one of the world's most famous and prolific couture customers, Daphne Guinness has amassed an almost unparalleled wardrobe - and she has today revealed some of the pieces that she is set to part with in her forthcoming Christie's sale.
Guinness has chosen key pieces which epitomise her personal style for the sale, including a one-of-a-kind short silver dress made by for her Alexander McQueen in 2008 - which is estimated to fetch £15,000 to £20,000. Other items will sell for as little as £300, with the majority of lots priced under £3,000. This is for charity daphne is selling her stuff for her own financial gain she doesn't need it she is still heavenly rich!
D&G farewell  To celebrate - and commiserate - the arrival of the very last D&G collection, My-Wardrobe's buyers have collaborated with the soon-to-be-shuttered label to secure several catwalk pieces exclusively.
"We are extremely sad to see the closure of the D&G line," the site's buying director, Luisa De Paula, told us. "The collections, and in particular the shows in Milan made fashion fun and was always one to look forward to every season."
Available on MY-WARDROBE.COM today, the exclusive collection includes a skirt and shirt seen on the catwalk and a range of covetable accessories - but D&G fans needn't despair, there will be something to fill the void come next season.
"For autumn/winter 2012-13 we have bought into Just Cavalli and MSGM to allow us to continue to offer the playful femininity and flair associated with D&G," De Paula explained. "MSGM offers a brilliant collection of vibrant colour and lace pieces, while Just Cavalli is perfect for statement print pieces."
Look of the moment is scarlet johanson in THAT VERSACE which is just amazing, sleek,sexy,on trend(peplum) its a fabulous little black dress. Her body is also looking amazing but is her hair?
Here are the editorial shots of scarlets hollywood glamour indulgent vogue cover featuring FALL 2012 FASHIONS and a sexy leopard
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