The South Sea pearl and diamond necklace worn by Princess Diana at the opening of the British National Ballet’s gala performance of Swan Lake in 1997 has gone on sale for £9.6 million (about US$12.17 million). Named the Swan Lake Suite, the necklace is going to be sold by auction house Guerney’s on behalf of … Read More →
Fabrizio Freda, the chief executive officer of Estee Lauder Cos., could tell the fragrance industry was changing by watching the members of his own family. His grandfather picked a signature cologne and never changed it, Freda says. But the executive’s son hasn’t shown that kind of loyalty — a typical attitude for younger consumers. If they … Read More →