For over a month, Prada has been searching around the world for potential investors and they have finally announced that their stock price in Hong Kong will be $39.50 HKD, which equals to about $5.06 USD per share. Since the Hong Kong market recently had a bad week, the company's IPO plans suffered tremendously. High taxes are also causing a lack of retail demand. Hong Kong residents purchasing shares of Prada are required to pay a 27% dividend tax as well as 12.5 cent capital gains tax on any shares they sell in the future. Prada's official share price is certainly lower than expected, but do you think that the tax costs will deter potential shareholders from purchasing the stock?
Ladies, it's summer time! But before you put on those sandals, perhaps you should treat yourself to a pedicure. Passione Nail Lacquer is the new shade introduced in Dolce & Gabbana's Italian Summertime collection. It will definitely make a statement with its purple-tinged magenta hue which, depending on the light, can easily be compared to a rich rose or even a deep mauve. Dolce & Gabbana's Nail Lacquers have a thick consistency, high-shine finish, and a chip-free lasting power that easily ranks their polishes at the top of the pack, along with Chanel and Dior. This polish is a part of the continued makeup collaboration with Pat McGrath and can be found at Sake Fifth Avenue for $20.
Not due on stands until June 21, both covers of W's "Music & Style" July issue along with the corresponding spreads of Beyonce and Christina Aguilera have leaked. Of course, Beyonce looked "Sasha Fierce" in sheer blouses and lingerie pieces by Marc Jacobs and Givenchy. Christina bared it all, covered mostly by her puffy blond hairdo. Both ladies looked flawless though! Don't you agree?