Fashion & Finance Friday!

How is it Friday already?  WHOOOP WHOOOP!

Qatar royal family’s investment company, Mayhoola, bought Valentino Fashion Group for $858 MILLION!  That’s a lot of cashoola!

reversecommuter was fortunate enough to see the Valentino exhibit in Rome a couple of years ago – AMAZEBALLS!!!!!!  (even better from inside the exhibit but alas, no photos allowed).

Burberry and Levi’s both announced drops in sales – and the analysts are in agreement that tougher times are ahead regarding retail numbers.  This is alarming as these two  fashion firms are polarized on pricing – one represents high priced goods and one the low price point of a simple pair of jeans… in terms of the words of Scooby Doo – “Rut Ro!”

Ralph Lauren designed the US Olympic Team’s uniforms, which were unveiled yesterday on the Today Show and online at RalphLauren.com (see here by clicking).  The collection has taken a lot of heat, and not in a good way.  Going out on an edge, reversecommuter is digging the ceremony newsboy (click & buy) and not totally hating the collection.

Especially when you take a moment to look at Armani’s designs for the Italian Olympians…um, notso benne.

(Olympic uniform pics courtesy of Google Images)

Proenza Schouler opens the doors on their very first boutique today in NYC, 822 Madison Avenue to be exact.  NEEDLESS to say, reversecommuter will be spending some time and money in those fabulous 2000 square feet on her next trip to the Big Apple!

Cool didyaknow fact – Proenza Schouler used to be associated with Valentino Fashion Group, and is now partnered up with the founder of Theory.

(see how I tied all that together?  neat, huh?)

Happy Weekend!

XO reverse commuter