Monami Thakur

The Academy Award statuette, given to famed American film director-actor, Orson Welles, for his 1941 classic Citizen Kane, has fetched $861,542 at a Los Angeles auction held on Dec. 20.

French multinational luxury conglomerate, LVMH has increased its stake in rival company, Hermes to 22.3 percent from an initial 21.40 percent, according to France's stock market regulator, Autorite des marches financiers (AMF).

European aircraft-maker, Airbus has refunded €321 million to Armscor, a state arms procurement agency following years of negotiations over a contractual dispute. This was due to the cancellation of an order for eight A400M military transporters in 2009 by South Africa.

Italian designers Domenico Dolce and Stefano Gabbana have openly displayed their disapproval of mass collections and collaborations with fashion retail stores like H&M and Target.

Italian designer Giambattista Valli has been awarded the Haute Couture appellation by Paris Fédération Française de la Couture.

Following the success of its collaboration with H&M, luxury brand Versace has added yet another feather to its crown with the launch of its first children store in Milan.

Boeing Co's new 787 Dreamliner has hit a delivery block due to production delays and has revised the original dates.

A rare collection of around 38,000 Spanish coins will be auctioned by Sotheby's New York on behalf of the Hispanic Society of America.

Chinese American designer Vera Wang, known for her couture bridesmaid and wedding gowns, has added a new dimension to her designer range with a men's formalwear line.

The conflict among the councils of fashion capitals New York, London and Milan has intenseified after Paris Fashion Week organizers rejected U.S. designers' new proposal for the 2012 fashion show dates.

The World Chocolate Wonderland, China's first chocolate themed park opened its annual exhibition with a fashion show featuring ensembles made from the tasty treat. Models clad in haute chocolate instead of haute couture that looked good enough to eat took to the runway on Dec.15, 2011.

Victoria Beckham is known for her elegant sense of fashion and her glam looks. The ex-Spice girl, who has time and again reinvented her looks, is now regarded as a fashion icon with a large group of fan following.

Following the global hysteria surrounding the debut collection of Versace for H&M, Donatella Versace has unveiled the second part of the collaboration coined the Cruise Collection.

A well-preserved five-inch long Tyrannosaurus Rex tooth was sold at a Los Angeles auction for $56250 thereby setting world records.

From a fresh face during her 2005 movie debut in the horror flick Urban Legends to her current portrayal of Lisbeth Salander in the The Girl with the Dragon Tattoo, Rooney Mara's style evolution through the years is unique and distinct.

Demand for luxury menswear has exceeded that in the Womenswear sector possibly triggered by increased sales in the male-dominated market in China, according to an analysis.

Chicago-based Boeing Co. has landed a large order for the fuel-efficient version of the 737 MAX jets. The order, valued atr $19 billion, is from Southwest Airlines and is believed to be the biggest in the company's history, both in terms of the number of planes and their list price value.

A 50.6-carat pearl given to Elizabeth Taylor by her one-time husband Richard Burton fetched a staggering $11.8-million at Christie's in New York Tuesday.

French luxury label Dior is said to be on the verge of finalizing a contract to replace Belgian designer Raf Simons in place of former creative director, John Galliano.

A Superlot comprising 55 bottles of 1952 vintage wine from DRC Romanee Conti was sold at a staggering price of $813,333 to a Chinese collector thereby setting new auction records.

For the 50th anniversary of the Council of Fashion Designers of America (CFDA), the Museum at the Fashion Institute of Technology is hosting an exclusive exhibition to display iconic creations.

A previously unrecorded painting by Dutch painter Adriaen Coorte was auctioned for £2.1 million, thereby setting a new world record.

A 1964 Aston Martin belonging to English musician and actor George Harrison was sold for $547400 after intense bidding at an auction.

The contents of Michael Jackson's final home will be sold at an auction this week, presenting collectors and Jackson fans a once-in-a-lifetime opportunity.

Boeing Co.'s recent expansion of the Everett, Wash., Delivery Center is considered a major investment in a hub for commercial airplane delivery.

A recent analytical report by digital marketing organization, Zeta Interactive Corp has mentioned that couture designers like John Galliano, Michael Kors, Vera Wang and Jason Wu are among the most 'buzzed' designers of the year 2011.

The fashion industry and luxury connoisseurs across the globe are eagerly awaiting the worldwide launch of H&M's Girl with the Dragon Tattoo fashion collection. The 30-piece collection is being released in tandem with the film of the same name.

Fashion was a high point at the 2011 Marrakech International Film Festival attended by renowned actors, writers, and personalities from around the globe.

The United States has dismissed claims by the European Union that Brussels has agreed with a World Trade Organization ruling against subsidies to Airbus and announced that it might ask permission to impose trade sanctions of up to $10 billion annually.