FASHION-FRIENDLY FINANCE: There's a new luxury, fashion and lifestyle investment fund on the scene — and it's aimed at brand fanatics. The new U.K. fund is called CHIC, and it allows the public to invest in Compagnie Financière Richemont SA, Burberry, Tod's, Adidas, Hugo Boss, Estée Lauder Cos. Inc., Nike Inc. and Sony Corp. The open-ended fund is managed by Dominion, an investment management group based in Switzerland and the Channel Islands. Dominion's chief executive, Alex Bell, is hoping to tap consumers' enthusiasm for the big brands — and turn it into a money-spinning venture. "While we are all aware of the products these companies produce, what most people don't see is that the luxury sector companies are amongst the best run and fastest-growing in the world," said Bell, who is also planning to invest in upcoming luxury IPOs. Investors must put in at least 5,000 pounds, or $10,000 — plus weekly liquidity. The fund is currently available in the U.K., but Bell plans to take it to Italy and Asia.
June 5, 2007
Fashion Scoops: Good Jeans... Ford Drive... Getting Political...
Stella McCartney and Notify have teamed up for a good cause - and created some great jeans in the process.
FASHION-FRIENDLY FINANCE: There's a new luxury, fashion and lifestyle investment fund on the scene — and it's aimed at brand fanatics. The new U.K. fund is called CHIC, and it allows the public to invest in Compagnie Financière Richemont SA, Burberry, Tod's, Adidas, Hugo Boss, Estée Lauder Cos. Inc., Nike Inc. and Sony Corp. The open-ended fund is managed by Dominion, an investment management group based in Switzerland and the Channel Islands. Dominion's chief executive, Alex Bell, is hoping to tap consumers' enthusiasm for the big brands — and turn it into a money-spinning venture. "While we are all aware of the products these companies produce, what most people don't see is that the luxury sector companies are amongst the best run and fastest-growing in the world," said Bell, who is also planning to invest in upcoming luxury IPOs. Investors must put in at least 5,000 pounds, or $10,000 — plus weekly liquidity. The fund is currently available in the U.K., but Bell plans to take it to Italy and Asia.
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