Diane von Furstenberg bestowed with Legion d’Honneur

Diane von Furstenberg has been bestowed with France’s prestigious Legion d’Honneur prize.The Belgium-born designer was presented with the order of merit by the President of the European Central Bank, Christine Lagarde, at an official ceremony held at t…

Diane von Furstenberg has been bestowed with France’s prestigious Legion d’Honneur prize.

The Belgium-born designer was presented with the order of merit by the President of the European Central Bank, Christine Lagarde, at an official ceremony held at the offices of the Ministry of Europe and Foreign Affairs in Paris last week.

Von Furstenberg was selected for the honour in recognition of her work in supporting women’s organisations around the world, such as Vital Voices, and for raising funds for the new Statue of Liberty Museum in New York City.

In her acceptance speech, the 73-year-old noted that she was thrilled to be receiving the medal.

“I am accepting this Legion D’Honneur with pride and humility, knowing that recognition and honour give us a voice,” she smiled. “And when we have a voice, it is our duty and privilege to use that voice for those who have no voice. My heart is filled with gratitude.”

Von Furstenberg then went on to praise Lagarde.

“To receive this honour from you, is as much an honour as the honour itself,” the fashion icon insisted.

Elsewhere, Lagarde made a point of commenting on the continuing power of Von Furstenberg’s wrap dress, which was first unveiled in 1974.

“Your wrap dress beautifies women’s bodies without either restricting them or burdening them with too much sophistication,” she added.

Guests in attendance at the ceremony included Von Furstenberg’s children, grandchildren, and famous friends, such as Christian Louboutin, Jeff Bezos, Natalia Vodianova, and U.S. Vogue editor-in-chief Anna Wintour.

Previous Legion d’Honneur recipients from the fashion community include Dior creative director Maria Grazia Chiuri and American designer Vera Wang.

© Cover Media

Bernard Arnault on track to become world’s richest man following Tiffany & Co. deal

Bernard Arnault is reportedly on track to become the world’s richest man after sealing the $16.2 billion (£12.5 billion) deal to purchase Tiffany & Co.The 70-year-old Frenchman, who serves as chairman of luxury goods conglomerate LVMH Moet Hennessy Lo…

Bernard Arnault is reportedly on track to become the world’s richest man after sealing the $16.2 billion (£12.5 billion) deal to purchase Tiffany & Co.

The 70-year-old Frenchman, who serves as chairman of luxury goods conglomerate LVMH Moet Hennessy Louis Vuitton (LVMH), is closing in on the title, editors at Forbes magazine have reported.

Arnault’s net worth rose by one per cent after the takeover of the iconic American brand was announced on Monday and is now worth approximately $106.8 billion (£82.8 billion).

The business magnate is now only slightly behind Microsoft founder Bill Gates and Amazon boss Jeff Bezos in the wealth stakes.

According to Forbes’ Real-Time Billionaires List, which tracks the net worth of the richest people in the world, Gates is worth $107 billion (£83 billion) and Bezos is worth $110.2 billion (£85.5 billion).

American investor Warren Buffett, Facebook co-founder Mark Zuckerberg, and entrepreneur Larry Ellison round out the top six wealthiest people.

Arnault and his family own more than 47 per cent in the LVMH conglomerate, which oversees more than 70 luxury brands including Christian Dior, Louis Vuitton, Fendi, Celine, Bulgari, TAG Heuer, and Dom Perignon Champagne.

Back in October, LVMH executives announced they had approached bosses at Tiffany & Co. with a possible takeover bid. After a month of talks, it was confirmed that the companies had entered into an agreement where LVMH will acquire the jeweller for $135 (£104) per share in cash.

Tiffany & Co. became a household name thanks to the 1961 Audrey Hepburn film, Breakfast at Tiffany’s, which was based on the novel of the same name by Truman Capote.

© Cover Media

Prabal Gurung named honorary fashion designer for 2019 American Portrait Gala

Prabal Gurung has been named as the honorary fashion designer for the 2019 American Portrait Gala.The Nepalese-American designer is known for his use of bold colour and slogan T-shirts, with his clients including Jennifer Lawrence, Marion Cotillard, an…

Prabal Gurung has been named as the honorary fashion designer for the 2019 American Portrait Gala.

The Nepalese-American designer is known for his use of bold colour and slogan T-shirts, with his clients including Jennifer Lawrence, Marion Cotillard, and Gigi Hadid.

Now, officials from The Smithsonian’s National Portrait Gallery in Washington, D.C. have announced Gurung will be taking on a key role for the American Portrait Gala, set to take place on 17 November, and the 40-year-old could not be more thrilled.

“To say I am honoured, grateful and absolutely humbled to be the honorary fashion designer at this year’s @nationalportraitgallery @smithsoniannpg gala is an understatement,” he wrote on Instagram following the announcement. “For a boy from Nepal, who came to America 20 years ago as a student and an immigrant, with nothing but dreams, this is absolutely surreal. To be able to share the evening with my own personal heroines and heros (sic), I am absolutely humbled and eternally grateful. Thank you @nationalportraitgallery and @randi164 this means the world to me. Can’t wait for the gala.”

While Gurung’s gig as the honorary fashion designer has not been fully detailed, it is believed he will be outfitting organisers and presenters.

The biennial American Portrait Gala raises funds for the museum’s exhibitions endowment.

This year, museum officials have decided to award the Portrait of a Nation Prizes to chemical engineer Frances Arnold, Amazon boss Jeff Bezos, members of music group Earth, Wind & Fire, Hamilton’s Lin-Manuel Miranda, businesswoman Indra Nooyi, and U.S. Vogue’s Anna Wintour. Gayle King will serve as the gala’s host, while presenters include former U.S. First Lady Michelle Obama, Jeff Bezos’s son Preston, James Corden, and music producer Clive Davis.

© Cover Media

LVMH boss Bernard Arnault becomes world’s second richest person

Bernard Arnault has overtaken Bill Gates to become the world’s second richest person.The LVMH Moet Hennessy Louis Vuitton chairman and chief executive was named on Bloomberg’s latest Billionaires Index on Tuesday, thanks to his total net worth of a who…

Bernard Arnault has overtaken Bill Gates to become the world’s second richest person.

The LVMH Moet Hennessy Louis Vuitton chairman and chief executive was named on Bloomberg’s latest Billionaires Index on Tuesday, thanks to his total net worth of a whopping $108 billion (£86.5 billion). Microsoft founder Gates has been number two on the list for seven years.

Arnault, who owns the luxury French conglomerate that oversees more than 70 high-fashion brands, including Louis Vuitton, Celine, Givenchy and Fendi, earned an estimated $39 billion (£31 billion) last year alone.

The 70-year-old Frenchman joined Gates and Amazon founder Jeff Bezos, who has a net worth of $125 billion (£100 billion).

According to editors at Bloomberg, Gates would be the richest man in the world if his $35 billion (£28 billion) charitable donations, made by him and wife Melissa through their foundation, were taken into account.

Arnault is also a philanthropist and was among those who pledged huge amounts of money to repair the Notre-Dame cathedral in Paris after a devastating fire raged through the medieval building in April, and personally promised a donation of $224 million.

LVMH had record-setting sales and profits in 2018, and the luxury conglomerate continues to grow.

Back in May, bosses launched Fenty Maison with Rihanna – which features ready-to-wear, shoes and accessories – in the group’s first fashion house creation since Christian Lacroix in 1987.

And on Monday, it was announced that LVMH has teamed up with British designer Stella McCartney, who split from rival conglomerate Kering last year.

© Cover Media