Aswat Asharq Al-Awsat :

Aswat Asharq Al-Awsat : Vivienne Westwood's Clothes, Jewels Headed for Auction

Gallery staff pose with a dress from the 'DRESSED TO SCALE' collection by late British fashion designer Vivienne Westwood (1941-2022) during a press view at Christie's auction house in London, Britain, 13 June 2024. EPA/TOLGA AKMEN
Gallery staff pose with a dress from the 'DRESSED TO SCALE' collection by late British fashion designer Vivienne Westwood (1941-2022) during a press view at Christie's auction house in London, Britain, 13 June 2024. EPA/TOLGA AKMEN
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Vivienne Westwood's Clothes, Jewels Headed for Auction

Gallery staff pose with a dress from the 'DRESSED TO SCALE' collection by late British fashion designer Vivienne Westwood (1941-2022) during a press view at Christie's auction house in London, Britain, 13 June 2024. EPA/TOLGA AKMEN
Gallery staff pose with a dress from the 'DRESSED TO SCALE' collection by late British fashion designer Vivienne Westwood (1941-2022) during a press view at Christie's auction house in London, Britain, 13 June 2024. EPA/TOLGA AKMEN

Dresses, suits, shoes and jewelry from the personal collection of late British designer Vivienne Westwood will go under the hammer this month is an auction aimed at raising funds for charity.
More than 200 lots are being offered by Christie's in London for the two-part "Vivienne Westwood: The Personal Collection" auction, made up of a live sale on June 25 and an online auction running June 14-28.
Westwood, one of British fashion's biggest names, died in December 2022, aged 81. Her collaborator and widower Andreas Kronthaler has selected looks spanning some 40 years for the auction, with the earliest from Westwood's Autumn-Winter 1983-1984 collection.
"These are the things that she chose to wear herself throughout the last 40 years of her life," Adrian Hume-Sayer, head of sale for the auction, told Reuters at a press preview on Thursday. “It's very personal... These are the things you can see her on her bike, riding around London, press interviews, end of the catwalk... just conducting her day-to-day life. But she also lived... as she spoke. And so unlike many people... in her position she wore things repeatedly. She had favorites."
Westwood, whose name was synonymous with 1970s punk rebellion, was also known for her activism. Her T-shirts bore slogans against fossil fuel-driven climate change and pollution, as well as her support for WikiLeaks founder Julian Assange.
In addition to clothes and accessories, a set of enlarged prints of a pack of playing cards Westwood designed in 2017 - focusing on issues such as climate change and inequality - are also being offered for sale with an estimate of 30,000 pounds - 50,000 pounds ($38,292 - $63,820).
Proceeds from the auction will go towards causes and charities Westwood supported - her own Vivienne Foundation, Greenpeace, Amnesty International and Médecins Sans Frontières, Christie's said.
An exhibition of the lots will be open to the public at Christie's London from Friday until June 24.



Aswat Asharq Al-Awsat : Estee Lauder's Longtime CFO Travis to Depart Next Year

An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
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Estee Lauder's Longtime CFO Travis to Depart Next Year

An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)
An Estee Lauder cosmetics counter is seen in Los Angeles, California, US, August 19, 2019. (Reuters)

Estee Lauder said on Thursday that Tracey Travis would be stepping down and retiring from her 12-year role as the MAC lipstick maker's finance chief, effective June 30, 2025.

The company said a successor for Travis has been identified and will be named in the coming weeks. Travis will work closely with this person to ensure a smooth and successful transition, it added.

Travis, who has been Estee Lauder's CFO since Aug. 2012, had joined the company from Ralph Lauren, where she served as finance chief for over seven years.

Under her leadership, Estee Lauder has significantly strengthened financially, made extensive investments in innovation and digital transformation, and also made several acquisitions of companies including Tom Ford and Deciem, among others.

"Tracey has been instrumental in growing Estee Lauder from a $24 billion market cap company in 2012 to over $135 billion at peak," Jefferies analyst Ashley Helgans said in a note earlier on Thursday.

"A fresh set of eyes on the business could be beneficial given the recent volatility and would allow for the company to reset the growth algorithm," Helgans added.

The company had lowered its annual organic sales estimate in May on persistent softness in mainland China's prestige beauty space, even as a demand rebound for its pricey items in the US and Asia-Pacific markets drove a profit forecast raise.

Shares of Estee Lauder, which have dropped more than 30% this year, were marginally up in after-hours trading.