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Unkle Karl Slams Galliano

Filed under: Karl LagerfeldLVMHJohn Galliano

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There's at least one person in the fashion industry who won't be supporting John Galliano, and that's Karl Lagerfeld.

The designer said in a statement:

"I’m furious, if you want to know. I’m furious that it could happen, because the question is no longer even whether he really said it. The image has gone around the world. It’s a horrible image for fashion, because they think that every designer and everything in fashion is like this. This is what makes me crazy in that story. The thing is, we are a business world where, especially today, with the Internet, one has to be more careful than ever, especially if you are a publicly known person. You cannot go in the street and be drunk — there are things you cannot do… I’m furious with him because of the harm he did to LVMH and [chairman and ceo] Bernard Arnault, who is a friend, and who supported him more than he supported any other designer in his group, because Dior is his favorite label. It’s as if he had his child hurt."

You know Unkle Karl does have a good point.

With all the technology that's out there, celebs should be more cautious with what they do and say because as soon as it leaves their lips it can be on the internet.

Are U listening Patricia Field and Franca Sozzani???

[Image via WENN.]

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LVMH Buys More Shares Of Hermes

Filed under: Business BlitzLVMH

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So much for not letting them gain anymore equity.

LVMH announced on Tuesday they now own 20% of the Hermes International's shares.

However, the family-owned company's doing everything they can to keep Bernard Arnault's grubby little paws off even more shares.

After LVMH acquired 17% of the shares in October, Hermes set up a private holding company that will own more than half of the company shares.

[Image via AP Images.]

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New Reports Claim Carine Roitfeld Was Fired!

Filed under: FrancophiliaBalenciagaVogueLVMH

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Rumors are swirling that Carine Roitfeld was actually fired or as the French would say "mise pied" from her post at French Vogue.

Numerous sources say that Conde Nast was fed up with all the bad press the editor-in-chief was getting.

Earlier this year Carine was blacklisted from Balenciaga after she allegedly helped Max Mara knock off their designs before they were returned to the French fashion house.

But that wasn't the only label she pissed off.

LVMH's Bernard Arnault was none too pleased with the latest issue of Vogue Paris. Apparently their weren't enough LVMH credits and thought an editorial with young girls was in "poor taste". Arnault even threatened to pull all the luxury group's ads from the next issue.

Yikes.

Employees at French Vogue say they came to work on Friday with an email that said Roitfeld was "mise pied", which basically means Conde Nast fired her.

Inneresting.

What do U think happened???

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What do U think happened???

  • I'm not sure. (19%)
  • Nah! She left on her own. (11%)
  • She was totes fired! (70%)

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[Image via Daniel Deme/WENN.]

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Stay The Night At Hotel LVMH!

Filed under: Fashion SmashionBusiness BlitzArmaniLVMH

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It's the latest trend in the fashion world!

Following in the fancy footsteps of King Giorgio, LVMH is expanding their empire and getting into the hotel management to "oversee the group's activities in the luxury sector" and to "maximize the value of its brand".

Chief executive Bernard Arnault opened one of the first hotels Cheval Blanc, named after the vineyard the French luxury group controls, back in 2006 and now plans to open two more in Oman and Egypt.

The two hotels will feature 30 to 40 lush suites that will open in 2012, with more to follow.

Wonder if they'll place a monogrammed LV mint on the pillows???

[Image via AP Images.]

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Louis Vuitton's Bernard Arnault Is Raking In The $$$$$

Filed under: LVMHChristian Dior

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Forbes magazine has named LVMH CEO Bernard Arnault as #7 on their list of the world's richest people. His net worth is estimated at an impressive $27.5 billion.

Wowsa!

We're not surprised considering the impressive luxury brands within LVMH including Moët et Chandon champagne, Hennessy, Louis Vuitton, Christian Dior and Marc Jacobs just to name a few.

Enjoy the wealth, honey!

[Image via AP Images.]

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