subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home ../ Editorial / Wealth Management / Business & Entrepreneurship / subarticles /
Fashioning Empires
Celebrities in Fashion
Catherine Curan
03/01/2007

Ever wondered what an heiress smells like? Paris Hilton knows, and she is trying to put that scent in a bottle. Hilton has licensed her name to Parlux Fragrances for a new perfume called Heiress. Her sister, Nicky (right), hawks fashion and handbags, as well as a new collection of Tweety Designed by Nicky Hilton apparel and accessories for Warner Bros.

Nicky and her ubiquitously photographed older sister represent the apex—some might say nadir—of a new trend that fuses fashion and celebrity. Rather than simply setting style trends, as affluent women have done since royal courts dictated fashion, some of today’s most prosperous women are becoming fashion brands themselves.

The list of successful women with fashion collections is long and growing. It includes Madonna, Jennifer Lopez, Jessica Simpson, Beyonce Knowles and Gwen Stefani. Even U2 front man and philanthropist Bono backs two socially conscious collections: fair trade clothing line Edun ("nude" spelled backward) and (RED), a range of licensed products whose proceeds support AIDS programs, particularly in Africa (see "Perpetual Motion" February 2007 ).

This trend reflects the Web’s democratization of fashion imagery and commentary that enables fans to follow their favorite star’s every red carpet gown or party dress more closely than previous generations ever could. "Fashion, film and music are all interconnected now," says Shawn Grain Carter, fashion historian at the Fashion Institute of Technology in New York.

Most celebrity fashion trends flame out quickly. Stefani’s licensed L.A.M.B. collection is regarded as a rare breakout success. Licensing can take the burden of execution off a celebrity, but even this route carries enormous risks. Simpson was hit with a $100 million lawsuit in 2006 by her jeanswear licensee, Tarrant Apparel Group, which accused her of failing to promote the collection adequately.

Back to Main Article: Feature: Fashioning Empires
Printer Friendly Version  Email a Friend
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here
 



Family Office Wealth Conference