A $38,000 Handbag? For World’s Ultra-Rich, the Cost of Accessories Can Be Astronomical

Oprah Winfrey | Source: Associated Press

ZURICH, Switerland — In the upscale boutiques of Singapore, New York or Zurich — where Oprah Winfrey claims a sales clerk refused to show her a $38,000 bag — purses priced in the four figures are common.

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Chanel’s Couture Glitters Among Decayed Rubble

Chanel Couture F/W 2103 | Source: Now Fashion

PARIS, France — A once-grand opera house that's now a scene of decaying rubble was the latest remarkable venue for Chanel's haute couture. The setting saw Karl Lagerfeld carry off a dark, expressionist-tinged fall-winter 2013 collection — the glitter of embellished clothes contrasted with the faded romance of grimy curtains, a dark theatre stage and old wooden stalls.

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The China Edit | Whistles to Launch with Lane Crawford, Fast Retailing, Chinese Tourists Embrace Lower-Cost Luxury, Chanel Ousts Vuitton

Whistles Autumn/Winter 2013 | Source: Whistles

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.

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The Shifting Winds of New York Retail — Part 2: Soho’s Renaissance

The northern section of New York's Soho | Illustration: Rick Richards

In a three-part report, BoF examines New York City’s ever-shifting retail landscape. Yesterday, we considered the rise and recasting of the Meatpacking District. Today, we examine the renaissance of Soho.

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Will a Wave of Megastores Turn Bond Street into the World’s Premier Luxury Showcase?

Bond Street's Coming Luxury Megastores | Source: BoF

Following the arrival of Louis Vuitton’s super-sized “Maison” on London’s Bond Street in 2010, the thoroughfare will soon be home to a slew of high fashion megastores, transforming the once-quaint street into a larger-than-life global luxury showcase.

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Photo Diary | PFW, Days 7-8: Chanel, Sacai, Paco Rabanne, Jean-Charles de Castelbajac, Valentino, Stella McCartney

PARIS, France —  Today, our trusty contributing lensman Sonny Vandevelde brings us photo dispatches from the backstage of the Chanel, Sacai, Paco Rabanne, Jean-Charles de Castelbajac, Valentino and Stella McCartney shows.

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Year of the Snake, Swatch upbeat, Denim corsets, Non-stop Carine, Chanel at Grand Palais

Beyonce Knowles, Solange and Kim Kardashian at NYFW | Source: Fan Pop

Luxury Labels Are Scaling Up for China’s Year of the Snake (WSJ) “Luxury brands are rolling out a menagerie of merchandise to capitalize on the holiday, which marks Asia’s biggest shopping season. And more Western brands are getting in on the Year of the Snake, pushing snake- and red-themed goods, from Vacheron Constantin’s $150,000 watch with an engraved snake etched onto its face to the serpentine,

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