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The Loewe Down On Penelope Cruz’s New Gig

| Filed under: Fashion SmashionPenelope CruzAd CampaignsLVMH

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She’s a busy, busy woman!

Penelope Cruz has just inked a three-year deal to work with Loewe, a Spanish leather-goods company owned by LVMH, for a faboosh ad campaign!

The best part is that it’s like this campaign was made for her! Lisa Montague, CEO of the company, said:

“It was specifically Penelope we wanted, rather than working with a celebrity. Working with an Oscar-winning actress with international recognition will be impactful.”

Loewe’s creative director, Stuart Vevers, agreed, adding:

“Penelope is Spain’s most famous woman. For us to collaborate feels right and natural.”

Pene's expected to shoot the first campaign with Mert Alas and Marcus Piggot very soon since the ads are scheduled to debut in January.

Between pushing panties and this new gig, that means we'll be seeing lots of Miz Cruz in the very near future. Not that we're complaining!

[Image via Ramey Pix.]

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Karl Lagerfeld Thinks Nicolas Ghesquière Should Go Solo

| Filed under: Fashion SmashionKarl LagerfeldBalenciagaLVMH

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This may be his best idea yet!

At the Parisian launch of his Little Black Jacket exhibition, Karl Lagerfeld was asked about Balenciaga's soon to be ex-creative director Nicolas Ghesquière's future. As usual, his two cents were brillz!

Chanel’s captain said:

"Perhaps Nicolas wants to have his own label, which is not a bad idea. And it would not be a bad idea if somebody such as Bernard Arnault would invest in a new label because there are so many old labels [within LVMH]."

It was already suggested that both of these things would happen, but maybe with Unkle Karl behind the idea it will gain more steam.

Also, how funny that he called them "old!" LOLz! Oh, Karl!

[Image via WENN.]

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Europe Wants To Ban Chanel N°5 & Other Designer Scents!

| Filed under: Brad PittSad SadFragranz!LVMHChanelChristian DiorThierry Mugler

They really don't like those Brad Pitt commercials, eh?

The European Union is looking to ban the iconic Chanel N°5 fragrance as well as Dior's Miss Dior and Angel by Thierry Mugler because they contain allergens.

The EU's Scientific Committee on Consumer Safety claims the scents are putting citizens at risk by including some of the 100 allergens that are regularly mixed into fragrances.

Really? Chanel N°5's been around for 90 years and they're just now becoming concerned!?

In fact, the committee wants to ban

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Nicolas Ghesquière Left Balenciaga Because Of Who?!

| Filed under: Fashion SmashionBalenciagaLVMHYves Saint Laurent

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The truth is starting to come out! Or at least some very reasonable speculation.

On Monday, Nicolas Ghesquière and Balenciaga announced their "joint decision to end their working relationship", but declined to go into specifics.

Now, it seems that it may have been Hedi Slimane's fault! Indirectly, of course.

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Paris Prosecutors Investigate Hermes' Complaint Against LVMH

| Filed under: Fashion SmashionLegal MattersFrancophiliaLVMHHermes

Hermes got their wish!

The Paris prosecutor's office has opened a preliminary investigation into LVMH, after the family-owned label accused them of insider trading, collusion and manipulating stock prices.

Based on their investigation, the prosecutors will either

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LVMH Guilty Of "Wrongdoing" In Hermes Acquisition

| Filed under: Legal MattersBusiness BlitzLVMHHermes

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So they were guilty after all!

Hermes scored a small victory this week in their ongoing legal battle royal with LVMH .

After requesting an inquiry into how LVMH acquired their 22.3% stake in the company, the French market watchdog Autorite des Marches Financiers concluded the mega-luxury brand was guilty of "wrongdoing".

The specifics were not released, but AMF chairman, Gérard Rameix, did say a committee will examine the findings to decide how to deal with LVMH, which may include financial penalties.

A French court also asked AMF's opinion on LVMH's counter-suit that accuses Hermes of blackmail, slander and illegal competition.

Until the two meet again, we’re sure their high-priced attorneys will continue to do battle.

This is certainly getting very inneresting!

[Image via Retna LTD.]

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Hermes Demands LVMH Be Investigated For Insider Trading!

| Filed under: Legal MattersFrancophiliaBusiness BlitzLVMHBulgariLouis VuittonHermes

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Sneaky sneaky!

Last month, Hermes filed a complaint with a Paris court asking them to investigate LVMH for insider trading and stock manipulation.

The request is the latest in the ongoing battle

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