Posted by v on January 8, 2008
(MENAFN Press) Dubai Infinity Holdings (DIH) today announced, Isla Moda, the world’s first dedicated fashion island. A mixed use development set in the iconic development The World, Isla Moda will combine a fashion resort, themed residential villas, haute couture boutiques and luxury hospitality facilities in a drive to establish Dubai as a global fashion hub. World renowned fashion designers from each continent will be instrumental in designing each element of the development.
Launched in December 2007, DIH aims to boost diversification of the UAE economy through strategic investment in real-estate, lifestyle, entertainment, IT, education, healthcare and other sectors. Isla Moda demonstrates the company’s commitment to innovative, non-conventional investments with high-growth potential.
Samira Abdulrazzak, CEO of DIH said, “Isla Moda will be acknowledged as the central fashion district of the entire Middle East and a natural home for all the world’s top fashion luminaries. It will be an innovative hub that encompasses the entire value chain of fashion and will be replicated in other Emerging Markets by transforming global fashion brands into value added real estate partners. A significant impact will be made - not only within the international real estate community, but especially within the key fashion and leisure segments.”
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Posted by v on January 8, 2008
The Golden Globes will lose their luster this year - with implications for the red carpet - because of the Hollywood writer’s strike.
Golden Globes: the show won’t go on
This year’s first major awards show ceremony, The Golden Globes, has been cancelled. The announcement was made after actors decided they would boycott the awards in support of the striking Hollywood writers.
Referring to an e-mail sent by broadcasters to studios on Monday, The Los Angeles Times reported that the traditional televised dinner and prize-giving ceremony had been scrapped, but a scaled-back red carpet event would be held instead and winners would be allowed to receive their awards in an informal ceremony.
Winners will be announced in a televised press conference, instead of the usual ceremony.
The Hollywood writer’s strike - which began on November 5 due to failed negotiations over writer’s demands for an increased share of profits from Internet and new media sales - has not only affected the Golden Globes ceremony, but has also forced the suspension of several TV shows and postponement of a number of Hollywood films.
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Posted by v on January 8, 2008
LONDON — Despite a sagging stock market and a slowdown at retail on both sides of the Atlantic, 2008 is shaping up to be the year of the fashion initial public offering.
Tommy Hilfiger Group may well be the first to take the plunge, with industry sources saying its planned IPO is on track for the first half of the year.
Hilfiger is expected to be followed by Prada, which, if it goes ahead this time, will likely wait until the second half.
Ferragamo also has unveiled plans to go public this year, and is expected to elaborate on them later this month. Industry sources here said Hilfiger’s IPO is on track to take place on Euronext, the pan-European stock exchange that counts LVMH Moët Hennessy Louis Vuitton, PPR, Hermès, Christian Dior and Clarins among its listed companies.
The flotation is expected to value the American sportswear company at $3 billion to $4 billion.And Hilfiger, which is owned by the U.K.-based equity fund Apax Partners, has been rapidly getting its house in order in advance of going public.
First, last October, it inked a major deal with Macy’s Inc., which will be the exclusive retailer of Tommy Hilfiger sportswear in the U.S. beginning this fall.
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