Chanel is opening a new boutique in Shanghai on November 25. Peter Marino is the architect for the new space and was inspired by the Paris apartment of Mademoiselle Chanel. It is a fitting city for the famous couture house to unveil a new store as Shanghai is known as "the Paris of the East".

According to the architect, the idea was to give this new boutique a residential feel by combining hand picked art, antiques and other objects with a refined store decor. The fashion house has also commissioned original artwork by french artist, Jean-Michel Othoniel, to be displayed. The art of shopping is to be a subtle experience at this unique salon where customers enter the apartment-like space, can sit on sofas and have individual items brought to them as opposed to jostling elbows with other shoppers while browsing the merchandise. It is to be a different, more elegant, experience for the customer. Peter Marino is quoted "The result is comfort, quiet elegance, timelessness. The chic of Chanel."

Karl Lagerfeld has also designed exclusive products only to be sold in the Shanghai location to celebrate the stores opening. These include a classic quilted flap handbag with an inside signature "Shanghai Karl Lagerfeld", sling-back heels with a metallic CC logo, various items of clothing including a tweed jacket and skirt with gold trim.

The boutique has an excellent location in the newly opened The Peninsula hotel. The latest addition to the luxury travel market the Art Deco styled hotel has a terrific location on the Bund, the waterfront promenade in Shanghai.

Peter Nitz creates unique leather goods that represent his own personal vision of what a sophisticated luxury aesthetic embodies. A former Assistant Director of Acquisitions at an auction house, Peter has a unique eye for quiet luxury and handcrafts each piece himself. He refined his abilities for two and a half years at the knee of a former Hermes craftsman, who he encountered on a weekend trip to Paris. During this time he mastered centuries-old techniques that, while demanding precision and patience, result in products that are truly refined.

Originally from South Carolina, Peter moved to Europe and traveled the globe in a quest to find the best producers of exotic skins, linen thread, hardware and other materials necessary to open his own atelier. Each bag is designed from an initial plan, but influenced by the specific exotic skin used, to produce a perfect union between design and material. Some of the bags feature vintage fine jewelry Peter acquires by scouring auction houses and private collectors, and each piece is one of a kind.

There are two main collections:
The Atelier collection, which include classic Peter Nitz designs, but can be special ordered in whichever skin and color a customer desires. This results in a truly bespoke bag that suits a clients specific needs.
The Masterpiece collection, which combines exquisite vintage fine jewelry with exotic skins resulting in a piece that is closer to art than a handbag.

Each piece comes in its own handmade leather-covered drawered box with a customized handle made from the same leather as the individual bag. Prices for the bags without jewels begin at $2,500 and can reach as high as $9,000 to $20,000 dollars depending on both the type of skin used and the value of the jewels that adorn the bag.

Every year, the Victoria's Secret Fashion Show is crazier than the last. This year, at the Lexington Avenue Armory in New York City, we saw an array of outfits that were by equal turns beautiful and baffling. We love how Victoria's Secret always manages to dress the Angels in elaborate designs that sit just next to their bodies -- giant wings and capes that cover nothing ... you'll see what we mean in the gallery.

Pictured here is the most expensive item of the evening, the diamond-clad three million dollar bra, being caressed by Marisa Miller, who had the privilege of wearing it. Honestly, it's a bit of a yawn, but we'd feel cheated if they hadn't BeDiamonded something. What's really fun is the crazy pictures in the gallery. It's only once a year that models get to dress up like harlots from the future and it's like, a big honor. So check it out.

These outfits speak for themselves, but that didn't stop us. Why did we include some of the most awkward pictures? Because we're jealous. Enjoy.

Your dress may be an inexpensive LBD from a discount shop, but no one will notice if you're wearing fabulous designer tights.

This holiday season, times are (ugh) still tight, but the opulence and flashy glamour of the 20s and 30s speakeasy culture are in. The way to follow the trend without breaking the bank is to focus on your accessories: make them as eye-catching as you dare. Textures, dark jewel tones, and all things that sparkle are your friends, and we just love these Cynthia Rowley tights.

Also, as with other accessories, you can get them for a far more frugal price than, say, a Cynthia Rowley dress. The tights range from just $15 for Antique Dot Tights to $250 for the breathtaking Embellished Tights shown. It's a smart way to buy into a designer who might otherwise be out of your budget.

Now, go spend your money on presents!

Daniel Craig's aviator sunglasses designed by Tom Ford for last year's Quantum of Solace (above) are among a collection of James Bond items in Christie's London's Vintage Film Posters and Entertainment Memorabilia auction on Nov. 24. The shades, estimated at £1,000 - £1,500, are among the more modern 007 mementos in the sale, along with a poker table chair and barstool graced by Mr. Craig's derriere in 2006's Casino Royale, estimated at £1,000 - £1,500. On the vintage front there are some key items from 1974's The Man With the Golden Gun, such as a two-piece black silk evening suit made for Roger Moore for the film, offered at £3,000 - £5,000. Also from that film are the arch villain Scaramanga's custom triggers for the golden gun itself, made in the form of cufflinks which he used to assemble the lethal weapon, estimated at £2,000 - £3,000. On offer as well are a pair of black leather of Salvatore Ferragamo dress shoes worn by Moore in 1977's The Spy Who Loved Me, signed on the inside in gold ink along with a jocular note from the actor, for £800 - £1,200.

[via Duncan Quinn]

One of our favorite young designers is no stranger to fusion lines. Christian Siriano has teamed up with Payless to design several lines of edgy shoes and Victoria's Secret to create a line of makeup in Mediterranean hues. But now the star designer is bringing fashion to the public in a completely new way. In just another testimony to Siriano's business savvy and creativity, he recently released a line exclusively sold on his website, with six limited edition pieces all under $200. Now, finally fashionistas everywhere will have an opportunity to own their own authentic Christian Siriano piece. What makes the line truly luxurious, other than the delicate silk fabrics and gorgeous drapes, is that the line was inspired by his own Spring/Summer 2010 collection, which had models walking on water in seafaring colors and swaths of oceanic prints. By creating high-quality, affordable pieces taken from his same runway fabrications, Siriano is clearly out to revolutionize the fashion industry.

We spoke to Christian more about this in depth, and why he decided to incorporate these shapes. "The collection is very similar to my ready to wear collection," Siriano tells Luxist. "The fabrications are the same but the shapes are simple and very easy for women to piece into an existing wardrobe. Also these shapes are a limited collection and are not available anywhere else. Therefore the price is able to target the younger and fashionable Christian Siriano Fan."

Siriano says that he created the lower-priced collection for one reason alone: "We receive e-mails everyday, all day from fans who cannot afford anything over $200. It is my way to have my brand more accessible to women everywhere. That is the main goal at the end of the day, to have women wearing my clothes, feeling fabulous."

Our favorite piece is the Oceanic Scarf, a print taken straight from the runway, which is sure to add a fabulous pop to any monotone outfit this season. Check out the rest of the line in detail below. Click here to shop now, because these pieces won't last long.

Back in her heyday, Yoko Ono was almost never seen without her shades on. And these were them: The original sunglasses from Porsche Design. She wore them on the cover of Rolling Stone magazine, she wore them at press conferences, she wore them during recording sessions and when she was on vacation. She's still wearing them, even though they haven't been made in years. But now the German automaker's product design studio is bringing them back as the P'8479, complete with visible gold-tone screws and Beta-Titanium frame. Make no mistake about it, the 80s are back.

The talented Luella Bartley, anointed Designer of the Year at the British Fashion Awards in 2008, is the latest fashion victim of the recession. Her label, Luella, is being forced to close down following the loss of one of its main suppliers and has stopped trading. Last month Luella's Italian production company Carla Carini shut down which meant that the orders for the spring/summer 2010 collection could not be fulfilled. This started a chain reaction in which the company in charge of distribution, VSQ, announced it was withdrawing its backing.

Luella's punk-meets-pretty aesthetic has been much beloved by England's young and fashionable including Alexa Chung, Lily Allen and Pixie Geldof. Bartley launched Luella in 1999 and opened her flagship store on Mayfair's Brook Street in 2007. In a statement she said that she hopes the Luella girl aesthetic can go on in some form and is considering ways to keep the brand alive.

Things are certainly going well for Mick Jagger's model daughter Georgia May Jagger as we first predicted back in the summer of 2008. Of course with a Rolling Stone for a dad and Jerry Hall for a mom what else would one expect for the 17-year-old stunner? In September we noted she had landed a sexy new ad campaign for Hudson Jeans; now she has made the cover of British Vogue and been named the new face of Versace. Jagger has just been photographed for the ad campaign by Mario Testino. "She's smart, beautiful, full of energy and has a strong personality [with] that natural high star quality. I adore her," Donatella Versace told WWD. "She's perfect for this collection - a real Versace girl."

Being able to rent a couture gown for a special event is nothing new but a new service, Rent the Runway, hopes to streamline the process and become, as the NY Times describes it, a Netflix for haute couture. The site was founded by two recent Harvard Business School graduates, Jennifer Hyman and Jennifer Carter Fleiss. A four-night dress rental can cost from $50 to $200 depending on the value of the gown. Pieces can be rented for either four or eight days.

The gowns bear some well-known labels: Diane Von Furstenberg, Hervé Léger and Proenza Schouler are among the offerings and Christian Siriano will be offering his new collection on the site. To begin the process you choose a gown and reserve your dates. A dress will arrive within a couple days of your event. Dresses come with a Fit Kit which includes double-sided tape,deodorant wipes, and a bra converter. The services also promises that stylists will be available by phone during normal business hours to offer advice and help. After wearing, you send it off in a pre-paid, pre-addressed return envelope. The service handles the dry cleaning.

The NY Times profile on the service says that more than more than 20,000 women have joined. The service has only been shipping dresses for only a week. Part of the risk of this business it requires a constant rotation of fashionable dresses which will only be in play for a season or two. Several services including Avelle (formerly Bag, Borrow or Steal) already offer accessories like handbags, sunglasses, jewelry for rent. Adorn Brides offers high-end jewelry featuring diamonds, pearls and colored gemstones for brides and bridesmaids.

Flannel gets a boost at the hands of the Followill clan, three brothers and a cousin who form the popular band Kings of Leon. The band from Tennessee has created a new fashion line with the Paris-based fashion collective Surface to Air. The result is countrified hipster collection that includes flannel shirts, a black leather jacket, patched jeans, a red bandana and a black fedora. Those who want in might be in need of a passport the line will only be available at the Copenhagen boutique Paris Texas. The store's blog has complete pictures of the collection and reports that pieces will hit the store in early December.

[via Black Book]

Like this shoe? I hope you have an iPhone.

Mark Ronson collaborated with Gucci Creative Director Frida Giannini to design this exclusive beaut for the launch of the new Gucci iPhone App, as well as a new Gucci pop-up shop tour called GUCCI ICON-TEMPORARY.

If you haven't heard of pop-up shops, they're designer stores which exist for just a couple of weeks -- sort of like a trunk show, only it's way more involved, and there's way more money involved, as they open up a whole store. Big name designers have been opening these kinds of stores all over the world.

GUCCI ICON-TEMPORARY will open up to the public October 24 in NYC on Crosby Street and peddle sneakers for just two weeks. The store will then tour to Miami (December 1st), London (2010) and Tokyo (2010). If you're in the US, one model of the Gucci Ronson sneaker collection will be available only to iPhone and iTouch users who've downloaded the Gucci App (click here, it's free).

The Gucci App also features music playlists by Ronson and Giannini, as well as access to the Gucci Little Black Book, which has "best-of information for hotels, restaurants, bars and clubs in more than 20 major cities around the world. Also included in this section is a list of Giannini's own favorite spots around the world," and the Gucci Music Channel.

We love it when music and fashion collide.

"I spent many many years as an avid sneaker collector, so I wanted to make sure these Gucci shoes were truly special, both from an aesthetic point of view and a collectible one," says Ronson. "Frida and I also agreed it was important for there to be a unique musical element to the project, so I'm going to be collaborating with artists, making limited edition tracks for each store opening."

The Gucci Ronson sneakers will come with their own exclusive packaging and a 12" vinyl record with tracks selected by Mark Ronson himself. Visit the GUCCI ICON-TEMPORARY website for more information.

The battle to save Escada continues. The NY Post reports that the owner of Faconnable may buy the German fashion house. Beirut-based M1 Group purchased Faconnable from Nordstrom for $210 million in 2007 and Escada's similar upscale fashion demographic would make it an excellent companion brand. But there's more than one suitor at Escada's door. Others interested in the brand include Megha Mittal, daughter-in-law of Lakshmi Mittal, the billionaire Indian steel magnate, Sven Ley, the son of Escada's founder Wolfgang Ley and Vestar Capital Partners which owns another comparable brand, St. John Knits.

Ley is working with the former head of Gucci, Giacomo Santucci, and Italian investment group Borletti. Reuters says that Ley's consortium, ZSL Partners, has offered to pay almost 80 million euros for the fashion house and would bring Santucci on as the chief exec. putting a man with some serious fashion experience at the helm. Borletti also owns the Rinascente and Printemps department stores in Italy and France.

M1 Group's plans for Escada would involve combining the back-end" operations of Escada andFaconnable to create a single lean, mean fashion machine behind the scenes while keeping the creative on the brands separate. M1 Group and Mittal are both said to support current CEO Bruno Salzer, formerly of Hugo Boss. Insolvency proceedings over Escapa opened Sunday at the Munich Municipal court and a decision could be forthcoming within the next few days.