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angela ahrendts

Forbes 100 Most Powerful Women 2012 List
Editor's Pick

The Most Fashionable Ladies on Forbes's List of 100 Most Powerful Women

Forbes's annual list of the 100 most powerful women in the world has a few notable entries from the fashion world, including Diane von Furstenberg, Anna Wintour, and Miuccia Prada.
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Forbes 100 Most Powerful Women 2012 List

Forbes's annual list of the 100 most powerful women in the world has a few notable entries from the fashion world, including Diane von Furstenberg, Anna Wintour, and Miuccia Prada.

The list ranks Diane von Furstenberg at no. 33, citing her position as president of the CFDA as a reason for the high ranking. She ranks far above any of the other women on the list who work in fashion, including even Anna Wintour, whose work raising money for President Obama's reelection campaign (and the 11 million plus people who read Vogue every month) helped hear earn spot 51. Miuccia Prada also made the list: in spot 67, she is recognized for her recent inclusion in the Costume Institute's Impossible Conversations exhibit.

Lady Gaga and Gisele Bundchen, aged 26 and 32 respectively, are the youngest women on the list; most of the other members are between the ages of 37 and 73.

But age isn't the number that matters on this list. A look at the most fashionable women included — and where they rank — here in the gallery.

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Burberry Waves Away Rumors of a LVMH or PPR Takeover
Burberry

Burberry Waves Away Rumors of a LVMH or PPR Takeover

>> Burberry is doing well, to say the least — thanks to sales of aviator jackets, shearling boots and sling bags, the brand posted a 21.6 percent rise in first-half revenues to 641 million pounds ($974.3 million), from 527 million pounds ($801 million) in the corresponding period last year.
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>> Burberry is doing well, to say the least — thanks to sales of aviator jackets, shearling boots and sling bags, the brand posted a 21.6 percent rise in first-half revenues to 641 million pounds ($974.3 million), from 527 million pounds ($801 million) in the corresponding period last year. “These were high-quality sales — from main line stores rather than outlets," Stacey Cartwright, Burberry's CFO, stipulated. "And there were fewer markdowns than in the past."

Along with those numbers have come persistent rumors that Burberry could be the target of a takeover by a big luxury group — like PPR or LVMH — or a private equity fund. Cartwright declined to comment on the rumors, but did say: “We have a lot of growth ahead, and we’re keeping our heads down and getting on with our work. We’re delighted with the progress so far.” She added that Burberry CEO Angela Ahrendts is “committed to this business as ever.”

A Citigroup report also addressed the rumors, determining that there was little “strategic and financial rationale for private equity money to enter so late in Burberry’s transformation story. Likewise, we struggle to find strategic rationale for PPR and LVMH to add another soft luxury brand to their portfolio.”