From Charles to Derby, Day for Fancy Hats to Rule

Singer Katy Perry is photographed after the coronation ceremony of Britain's King Charles III at Westminster Abbey in London Saturday, May 6, 2023. (AP Photo/Kirsty Wigglesworth, Pool)
Singer Katy Perry is photographed after the coronation ceremony of Britain's King Charles III at Westminster Abbey in London Saturday, May 6, 2023. (AP Photo/Kirsty Wigglesworth, Pool)
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From Charles to Derby, Day for Fancy Hats to Rule

Singer Katy Perry is photographed after the coronation ceremony of Britain's King Charles III at Westminster Abbey in London Saturday, May 6, 2023. (AP Photo/Kirsty Wigglesworth, Pool)
Singer Katy Perry is photographed after the coronation ceremony of Britain's King Charles III at Westminster Abbey in London Saturday, May 6, 2023. (AP Photo/Kirsty Wigglesworth, Pool)

If ever there was a banner day for hats — wild and colorful hats — it was Saturday, the dual spectacle of King Charles III's coronation and the celebration that IS the Kentucky Derby.

Katy Perry donned a wide lilac hat to go with her matching bespoke jacket and skirt by Vivienne Westwood, her chin up as she peered under its flat, tilted brim while she searched for her seat at Westminster Abbey (yes, there were memes), The Associated Press said.

And there was Princess Anne, the king's sister, in a two-pointed military topper with tall red feathers that blocked Prince Harry's view from the third row (more memes ensued). Sorry, Harry, she was chosen as Gold Stick in Waiting and holds a variety of military titles.

It's tradition, of course, to wear hats to coronations and other formal royal affairs, but the thousands who gathered on the streets to celebrate went all out with head gear, from fake golden crowns to novelty deeley bobbers (those springy headband things) and hats of all kinds with motifs featuring the British flag.

Speaking of hats of all kinds, the Kentucky Derby is arguably the world’s most famous horse race. It’s also a chance for racegoers to strut their fashion stuff.

Seersucker suits, floral dresses and bright colors abound, but racegoers famously elevate their style to another level with their grand collections of hats and fascinators.

Men tend to favor fedoras or bowlers, while women sport designs featuring feathers and flowers in every shape, color and size. Bigger is often better when it comes to Derby hats.

The event has appointed an official milliner, or hatmaker, every year since 2018. But in a sign of their growing importance at the Kentucky Derby, it named three milliners for the 2023 event: Christine Moore, Jenny Pfanenstiel and The Hat Girls.

The tradition of wearing hats to the Derby began with its first running in 1875.



Report: L'Oreal in Talks to Buy Migros’ South Korean Cosmetic Unit

The logo of French cosmetics group L'Oreal is seen on a company building in Paris, France, February 7, 2024. (Reuters)
The logo of French cosmetics group L'Oreal is seen on a company building in Paris, France, February 7, 2024. (Reuters)
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Report: L'Oreal in Talks to Buy Migros’ South Korean Cosmetic Unit

The logo of French cosmetics group L'Oreal is seen on a company building in Paris, France, February 7, 2024. (Reuters)
The logo of French cosmetics group L'Oreal is seen on a company building in Paris, France, February 7, 2024. (Reuters)

French cosmetics giant L'Oreal is in final talks to acquire the South Korean skincare business Gowoonsesang Cosmetics owned by Mibelle Group, a unit of Swiss retailer Migros, according to two sources with knowledge of the deal.

An announcement could be made as soon as Monday, one of the people said.

A spokesperson for Migros said it did not comment on market rumors. L'Oreal did not respond to multiple requests for comment.

Mibelle acquired its stake in South Korean Gowoonsesang Cosmetics, which sells skin care products under the Dr.G brand, in 2018.

In February, Migros announced a strategic review for Mibelle Group, saying it wanted to find a new owner for the business.

Mibelle produces cosmetics for its own brands, including Dr.G, Imbue., Lee Stafford, and Mine, as well as for other brands, according to its website.

Dr.G is the No. 1 facial care line in the Korean dermocosmetics market, according to the Mibelle website.

Spanish investment bank Alantra was hired as adviser after the strategic review, to look for buyers for the business, one of the sources said.

A spokesperson for Alantra declined to comment.

Mibelle employs 1,615 people in five countries, with revenues of 661 million Swiss francs ($739.04)in 2023, according to its website.