London Fashion Shows

You have often heard one say, “A man is known by the company he keeps”. However it seems these days that a person is more likely to be known by the attire he/she wears. It is considered, that the biggest mistake a person can ever commit is a fashion faux pas. One thing that is inevitable in the fashion world is change. We are consistently being presented with various advertisement gigs that portray what famous celebrities are wearing and this has a direct impact on our lives. While shopping for clothes, a typical teenager would often say, “I want a dress that resembles what Bono was wearing in his latest music video”. Today, fashion dictates our lives and what we wear. Whether it is at a party or at work, we want our dress to reflect our taste and attitude. On other occasions, we are keener on making a personal style statement.

No lucid citation can be made regarding the advent of the London fashion culture. It dates back to the period during the Hippie culture which was originally a youth movement that began in the United States. It started during the 1960s and spread all over the world. This was probably one of the first major fashion influence that the world had witnessed. Hippie fashions and values had a profound impact on global culture and influenced major areas such as television, film and popular music. One such example was the use of homemade tie-dyed t-shirts that had become very popular.

The end of the Second World War had some more revolutionary fashion changes in store.During the 1930s, actresses Katharine Hepburn and Marlene Dietrich were often photographed wearing trousers and this made trousers more acceptable for women.By the end of the war, women had experienced a sense of independence, were experiencing their own individuality and were more liberalized. This allowed the women to fight for their rights and influenced a change in what they started to wear. Gradually, this had an impact on the women of London. They became wary of the fashion culture and became susceptible to change in what they wore.

During the early to mid 1970s, “Punk” originated as a style in London from the designer Vivienne Westwood and her partner Malcolm McLaren. Nonconformist and postmodernist in its nature and essence, this resulted from the economic depression that was prevalent during this period in London.

When it comes to fashion, London is one of the fashion capitals of the world. The others being Milan, Paris and New York City. London now hosts a plethora of London Fashion Events with the London Fashion Week event being most popular. A bi-annual event, the London Fashion Week now forms part of one of London’s leading events attracting a target audience comprising of eminent fashion personalities, retailers and press. The London Fashion Week is held several months in advance of the season so that the press and the prospective buyers are given a chance to preview the fashion designs in advance, for the subsequent season. The governing body for fashion in London is the British Fashion Council or the BFC.

A lot of other London Events remain associated with London Fashion Events and they are London Social Events, London Art Events and London shows.

Simple formal wear are now a passé. Even for common masses, sophistication is the key to perfect dressing, whether the occasion is formal or informal. However, a pair of well-fitted jeans is least likely to fall out of fashion. Jeans are trousers made from denim, and they became quite popular with the teenagers starting in the 1950s and remain in vogue till date.

A Financial Analysis of Global Payments Incorporated

As the great Warren Buffet alluded to when asked how he became such an enormously successful trader, he acknowledged using simple means to choose certain corporations based on characteristics he was familiar with. While it is fair to say many traders contain the necessary skills required to do analysis of companies they are knowledgeable of, such a process may either involve a too rudimentary process to seem explosive on the upside or may contain profound virtues such as patience, which, unfortunately, not many traders can be attributive of. Nevertheless, after compiling some careful research, I have found a company, Global Payments Incorporated (GPN), which encompasses the ideals presented by Mr. Buffet in terms of providing a simple, but rewarding, procedure to accrue a copious amount of new capital.

When examining the profile listed under Yahoo Finance of what Global Payments does, a simple analysis will lead many investors to believe this company to be involved with the transfer of money regarding credit and debit card transactions and consumer movements as well. Understanding what this company does is crucial, because, as an investor, you are always desiring to look for companies which control a large percentage of the market and has the capabilities to provide not only growth for the short run but value for the long run as well. With Global Payments, after looking for other competitors of the same services, I have located specific companies such as Thomson Corporation which is involved in the same sector as Global but does not necessarily provide the exact same services. When such a comparison is made, it is evident that Global controls a large market share, at least publicly, of what it produces, and should be favored in terms of amassing larger revenue and earnings data coupled with higher positive margins regarding each category. Furthermore, because this corporation engages in a service which is fairly solidified of how it will hold up in terms of business for the next 20 years or so, there should not be too much question of how long such a company will be able to compete in the battle of innovation. In addition, because Global Payments is a worldwide corporation as suggested by its name, with liquidity spreading throughout the world, there is tremendous opportunity, with growing markets in China and India and a strong economic presence in already developed nations such as found in Europe, of the money transferring process to expand and provide more than adequate service for Global Payments to handle. Thus, because of the large concentration ratio Global encompasses, as well as the opportunities which can be traced in the future, there is strong potential for this company to provide shareholders with continuous capital gains.

While the future may look bright for any company relative to the service Global Payments provide, with out a strong fundamental foundation, regardless of the outputted products, a company will not be able to compete. Fortunately such ineptitude is not found with Global. Looking over the past two years, Global has increased its revenue, chronologically, 24 and 16 percent, while maintaining its costs by garnering a gross profit growth of 32 and 23 percent respective to the revenue numbers. The EBIDA has also not diminished in value after taxes and interest, among others, which calculated as net income, regarding its cash flow, has gone up 50% from 2004 to 2005 and 35% the subsequent years. Such cash allows Global Payments, to invest into more capital which will lead to more economies of scale, providing lower costs, higher revenue, and larger capital gains: a process undeniably important when considering the tremendous changes regarding the online and global portion of this business. In addition, one of the best indicators I have found is the current ratio continuing to rapidly increase, as assets, both current and total, continue to rise in dramatic fashion, while both total and current liabilities have actually decreased over the previous two years. All these fundamentals lead to a P/E ratio of near 28 which may seem a bit high in relation to its PEG ratio, but with a forward multiple near 22 and growth expected regarding its placement in terms of world expansion, both ratios should fall in the near future with my expectations of the PEG to fall below one shortly. In addition the price to book ratio, because of the fall liabilities and strong assets remains low which should, coupled with all the other positive fundamental inquiries help this stock to reach new historical records in the foreseeable future.

When I mention Global being close to a record high, it may seem foolish for such a statement to be made as this company is less than five dollars, or about 8%, away from such a number. Nevertheless, by examining the charts, there are definite indicators which illustrate the rising possibilities that Global Payments will provide for its shareholders. Opening in 2001, over the last five years, Global Payments, trading publicly, has provided its shareholders much rejoice after climbing more than nearly 450%. Many investors may claim that such growth, regarding share price, has leveled off after breaking even in 2006, but I foresee, because of the growing liquidity in the growing market, a strong rebound in 2007, as many analysts have predicated, based on historical data, to be a strong year for the stock market. In addition, since October, when Global had a strong share price growth relative to high volume, this company, along with the market in general, has grown fairly well during the past three months. I expect, for the short run, for this growth to sustain, as no high level volume sell offs have occurred, providing short term shareholders some profit. In relation to the long run, because Global has historically had an amazing boost during its history, because of its concentration ratio and its global presence, there is tremendous opportunity for capital gains to be earned over the next few decades, allowing for strong shareholder support in the future.

Therefore, after examining the charts, fundamentals, and strong control Global Payments has in relation to the rest of its specific sector, there is strong potential for this company to provide shareholders with significant capital gains in both the long and short run. Once again, Warren Buffet attributes much of his success to choosing stocks based on rudimentary products and services which have a large control over its respective market. When looking at what Global Payments does, such thought process, in relation to Buffet’s ideal becomes amazingly apparent when buying shares of this company.

Two Fresh New Faces in Fashion

Two talented young people of color are taking no prisoners as they make their way to the top of the fashion industry. Emerging model Jourdan Dunn, and fashion designer Patrick Robinson are the two of the newest faces to hit the fashion scene. Dunn, 17, is a London native who was discovered while shopping with a friend 2006. Dunn has appeared in runway shows for Louis Vuitton, Prada, Zac Posen, Gwen Stefani’s L.A.M.B label and Tommy Hilfiger, among others. During fashion week Dunn wowed the catwalk by appearing in a record 75 fashion shows.

Dunn signed with Storm Models in 2006, which is the same agency that signed supermodel Kate Moss. “I’m very excited for her,” Said Sarah Doukas, head of the Storm modeling agency. “I feel, if she does have great success, she will have a big effect on the way people look at different kinds of beauty.”

If Dunn’s skyrocket to stardom is not enough, the long-legged beauty is about to make history – as part of a groundbreaking issue of Vogue Italia, which will feature only non-white models. It is rumored that Dunn will be the cover model of the controversial July issue, which is aimed at encouraging other fashion magazines to diversify. Dunn, unlike most models is outspoken about the issue of whitewashing in the fashion industry.

“London’s not a white city so why should all our castings be white? I go to castings and see several black and Asian girls, then I get to the show and look around and there’s just me and maybe one other colored face,” Dunn told the Evening Standard. “They just don’t get picked. I hope it’s because the designer just didn’t think they were good enough as a model but I don’t know.”

Robinson, 41, a black clothing designer, was hired by The Gap to rebuild its faltering clothing retail chain. Last May he was appointed executive vice president of design for Gap Adult and gapbody. Robinson will oversee all elements of design for Gap women’s and men’s apparel, accessories and intimates lines in North America. He will report to Marka Hansen, president of Gap North America, and Gary Muto, president, Gap Adult and gapbody.

“Patrick brings broad experience – from high-end fashion to mass market retail – demonstrating his versatility to interpret and create fresh, clean designs true to the Gap brand aesthetic,” said Hansen. “We believe his skills and experience with some of the most respected apparel labels in the world will be great assets to Gap brand.”

Robinson is a California-born designer who has worked for such names as Giorgio Armani, Anne Klein, Perry Ellis, and Paco Rabanne. A graduate from the Parsons School of Design, he was named one of Vogue’s 100 rising stars in 1996. During his 4-year tenure at Armani, Robinson managed to turn the brand’s ailing “Collezioni” line profitable before taking the position of head designer at Anne Klein in 1995.

He has seen the insides of many design houses in New York, Milan, and Paris, as well as opening and closing his own, before arriving at a job he considers a homecoming of sorts. “I figured out what I really loved was clean, modern American sportswear,” Robinson told Vogue. “Through everything I’ve done, I realized I that I actually like the idea of going in and fixing things.”

In their own respect both of these talented individuals are changing long-standing traditions in the fashion industry. As the global market starts to open its eyes to the profitability of a wide variety of ethnicities, it is refreshing to see the fashion industry take a step in the right direction. “Globally, I think a huge change is about to happen,” Doukas concludes. “I’m optimistic. I think people will come to feel again that diversity is much more interesting than the rather bland, generic look we’ve seen so much of for so long.”