Latest news with #ItalianGothic
Yahoo
01-07-2025
- Entertainment
- Yahoo
Caviar Kaspia Is Getting Into Leather Goods
IN THE BAG: You can imagine an evening bag in the distinctive turquoise color of Caviar Kaspia's tablecloths and napkins would be a conversation starter — even if it doesn't shelter a tin of Beluga Royal. On Tuesday night in Paris, the landmark fashion canteen hosted a cocktail party to toast a new collaboration with Dellaluna, a Venetian maker of leather goods, perfumes and fine jewelry. More from WWD Herschel Supply and Lego Team on Collection of Totes and Backpacks With Colorful Designs Is the Labubu Effect Coming for Beauty Next? Pioneer Denim and Soko Debuted a Collaboration Designed by Adriano Goldschmied The Dellaluna x Caviar Kaspia partnership has spawned a permanent offering of Italian-made leather handbags, evening clutches, a structured document case and a men's pouch, to be sold at all Kaspia locations and on its e-commerce platform. 'We wanted to create something lasting,' said Silvia Paulon, founder and creative director of Dellaluna, whose Venice flagship is located a blini's throw from Harry's Bar. That said, there will be a limited-edition tote bag — dubbed the Spiaggina — with 50 units priced at 1,600 euros each. The summery style is made of Togo leather and finished off with silk embroidery by Dellaluna's artisans. Most of Paulon's handbags, incorporating motifs evocative of Italian Gothic architecture, are hand sculpted in calfskin with 18-karat gold hardware. For Kaspia, they are given an 'after dark' allure, as the historic restaurant on Place de la Madeleine in Paris serves caviar-topped potatoes and Norwegian salmon until 1 a.m. According to Kaspia chief executive officer Ramon Mac-Crohon, the tie-up with Dellaluna is 'part of a deliberate movement into timeless objects that hold the same spirit as our tables in Paris, London or New York.' Best of WWD Why Tennis Players Wear All White at Wimbledon: The Championships' Historic Dress Code Explained Kate Middleton's Looks at Trooping the Colour Through the Years [PHOTOS] Young Brooke Shields' Style Evolution, Archive Photos: From Runway Modeling & Red Carpets to Meeting Princess Diana
Forbes
17-04-2025
- Business
- Forbes
How Scott Bessent's LLC Flipped A House And Lost $100,000 In One Month
Bessent, originally from South Carolina, attended Yale University and worked for George Soros early in his career. Scott Bessent, Donald Trump's Secretary of the Treasury, appears to have lost six figures in a quick-turnaround real estate transaction earlier this year. After buying a new home in Charleston, South Carolina in January for $4.85 million, real estate records suggest he then sold it for $4.75 million in February. Everything was done through shell companies, so the details are a bit difficult to parse, but here's what Forbes found in digging into the documents, which do not appear to have been previously reported. On January 13, an entity called 'Palmetto 2020 Trust LLC,' which Bessent discloses as his own on his financial disclosure, purchased a waterfront home in Charleston's glitzy Crescent neighborhood. The 7,100-square-foot mansion sports a pool and bathhouse. and a Zillow listing emphasizes its 'fusion of English Gothic and Italian Gothic influences' as well as its privacy. The price tag: $4.85 million. But then, on February 25, Palmetto 2020 Trust LLC sold the home to another anonymously named LLC, which Forbes is not identifying here because its name contains the address of the home. Bessent's husband, John Freeman, is listed as the agent for Palmetto 2020 Trust LLC in the sale. Whoever owns that second LLC evidently got a bargain, purchasing the home for $4.75 million, $100,000 less than Palmetto 2020 Trust bought it for in January. The purchasing LLC's registered agent, a Charleston-area real estate lawyer, did not return requests for comment. Neither did the Treasury Department. There are two possible explanations. The first is that these companies are both owned by Bessent and Freeman, and this was a transfer with little actual consequence. The couple lives in both Charleston and D.C., per Bessent's Treasury Department biography, and they sold their previous Charleston home, a 9,000 square foot estate first built in the 1800s, in February for over $18 million. Perhaps they were looking to downsize, given that they also reportedly purchased a $12.5 million home in D.C.'s Georgetown neighborhood in January. But why the prices differed between the two sales is unclear, then. The second possibility is that, for whatever reason, Bessent and Freeman got cold feet after purchasing the home and quickly flipped it to another wealthy, and privacy-conscious, buyer, taking a loss in the process. One-hundred thousand dollars is nothing to sneeze at for most Americans—the median American's net worth is about $193,000, according to a 2022 survey from the Federal Reserve. For Bessent, it's pocket change. A former hedge fund manager, he declared hundreds of millions of dollars of assets on his financial disclosure, including homes in the Bahamas and North Carolina, a commercial building in Charleston and farmland in North Dakota. The Wall Street Journal reported in December that Bessent had sold at least $127 million in U.S. real estate since the 1990s. He has taken losses before—in 2021, he sold a Upper West Side Manhattan condo for $15 million, over $4 million less than he bought it for in 2017.
